Insurance Product Development & Pricing (Financial Services) Senior Manager, Business Consulting
About the role
The Opportunity
modernise their product portfolios, strengthen pricing sophistication, and accelerate time‑to‑market
Insurance Product & Pricing
product development, pricing, and portfolio optimisation
product strategy, pricing and actuarial design, customer value propositions
data‑driven decision‑making
future‑ready insurance products
actuarial and product
product ecosystems
.
They embrace an outcome‑oriented culture, live EY's core values, and collaborate widely to consistently deliver value‑adding client outcomes.
Your Key Responsibilities
- Work within the Business Transformation team focusing on product strategy, product development operating models, pricing frameworks, portfolio optimisation, and customer value proposition design .
- Support senior leaders in developing client insights, including product portfolio diagnostics, pricing adequacy assessments, profitability and margin analysis, and coverage gap analysis .
- Collaborate across multi‑disciplinary EY teams to develop end‑to‑end solutions that address insurer pain points related to
product complexity, pricing effectiveness, margin pressure, regulatory compliance, and speed‑to‑market
.
- Prepare high‑quality deliverables such as
product and pricing business cases, product operating model designs, transformation roadmaps
, and executive presentations tailored to client needs.
- Participate in business development activities, assisting in the creation of proposals, point‑of‑view papers and thought leadership related to
insurance product and pricing transformation
.
- Form part of project delivery teams, taking ownership of workstreams involving
product and pricing analysis
, data analysis, problem structuring, stakeholder interviews, and solution design.
- Support change management and implementation activities to ensure successful adoption of
new product governance models, pricing methodologies, approval processes, and digital product tools
.
Skills and Attributes for Success
- Passion for transforming
insurance products and pricing
.
- Strong interest in solving
commercial, actuarial, and product‑related challenges
product and pricing teams
.
- Ability to understand both business drivers and technology enablers - including
pricing engines, actuarial models, product configuration tools, underwriting rules, and policy administration systems
.
- A mindset oriented towards
data‑driven product and pricing decisions
product development and pricing processes
.
- Strong analytical and structured problem‑solving skills, with the ability to link
risk, pricing, and profitability insights
to commercial outcomes.
- Excellent communication and storytelling skills. Able to translate
technical, actuarial, or pricing‑related issues
into clear, compelling recommendations for senior stakeholders.
To Qualify for the role, you must have
- Minimum 9 years of experience in the insurance industry or consulting, ideally in areas related to
product development, pricing, actuarial, underwriting strategy, or portfolio management
.
- Strong capabilities in problem‑solving,
quantitative analysis
, and structured storylining.
- Excellent communication and stakeholder management skills, with proven experience in client‑facing environments.
- Strong experience in business analysis, with familiarity in assessing
product and pricing KPIs such as loss ratios, pricing adequacy, profitability, product performance, and persistency
.
Ideally, you should also have
- Experience working with stakeholders across the insurance ecosystem such as
Product and Pricing / Actuarial
, Distribution, Marketing, Operations, Finance, Technology, and Compliance.
- Prior consulting experience in Financial Services, or exposure to
product, pricing, or underwriting transformation programmes
.
- Knowledge of key challenges faced by insurers today (e.g.,
margin compression, product complexity, pricing competitiveness, regulatory scrutiny
).
What working at EY offers
We offer a competitive compensation package where you will be rewarded based on your performance and will be recognised for the value you bring to our business. We also offer you:
- Continuous learning: You'll develop the mindset and skills to navigate whatever comes next.
- Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way.
- Transformative leadership: We'll give you the insights, coaching and confidence to be the leader the world needs.
- Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
EY | Shape the future with confidence
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
Not included in the source posting: qualifications, benefits.
Who can apply
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