Insurance Product Development & Pricing (Financial Services) Senior Manager, Business Consulting (SG, 048583)

At EY, you will have the chance to build a career as unique as you are. With the global scale, training, support and guidance, inclusive culture and technology, you will get a chance to become the best version of you. With a network that stretches across the world, you will gain unparalleled insight and experience from different geographies and sectors.

At EY, you will have the chance to build a career as unique as you are. With the global scale, training, support and guidance, inclusive culture and technology, you will get a chance to become the best version of you. With a network that stretches across the world, you will gain unparalleled insight and experience from different geographies and sectors.

The Opportunity

In today’s fast‑evolving financial services landscape, insurers are under tremendous pressure tomodernise their product portfolios, strengthen pricing sophistication, and accelerate time‑to‑market.

As a Business Transformation consultant specialising inInsurance Product & Pricing, you will help insurers translate their strategic aspirations acrossproduct development, pricing, and portfolio optimisationinto meaningful and measurable change. You will work at the intersection ofproduct strategy, pricing and actuarial design, customer value propositions, operating model transformation, anddata‑driven decision‑making, partnering with leading insurers to buildfuture‑ready insurance products.

Business Transformation consultants at EY are strategic thinkers and change drivers. Working across the Financial Services sector, you will collaborate with experts inactuarial and product, customer strategy, operations, digital, data, and technology to design, build, and run tomorrow’sproduct 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 onproduct strategy, product development operating models, pricing frameworks, portfolio optimisation, and customer value proposition design.
• Support senior leaders in developing client insights, includingproduct 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 toproduct complexity, pricing effectiveness, margin pressure, regulatory compliance, and speed‑to‑market.
• Prepare high‑quality deliverables such asproduct 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 toinsurance product and pricing transformation.
• Form part of project delivery teams, taking ownership of workstreams involvingproduct and pricing analysis, data analysis, problem structuring, stakeholder interviews, and solution design.
• Support change management and implementation activities to ensure successful adoption ofnew product governance models, pricing methodologies, approval processes, and digital product tools.

Skills and Attributes for Success

• Passion for transforminginsurance products and pricing.
• Strong interest in solvingcommercial, actuarial, and product‑related challengesfaced by insuranceproduct and pricing teams.
• Ability to understand both business drivers and technology enablers—includingpricing engines, actuarial models, product configuration tools, underwriting rules, and policy administration systems.
• A mindset oriented towardsdata‑driven product and pricing decisions, always seeking opportunities to streamlineproduct development and pricing processes.
• Strong analytical and structured problem‑solving skills, with the ability to linkrisk, pricing, and profitability insightsto commercial outcomes.
• Excellent communication and storytelling skills. Able to translatetechnical, actuarial, or pricing‑related issuesinto 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 toproduct 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 assessingproduct 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 asProduct and Pricing / Actuarial, Distribution, Marketing, Operations, Finance, Technology, and Compliance.
• Prior consulting experience in Financial Services, or exposure toproduct, 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.

The exceptional EY experience. It’s yours to build.

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