Job Title: Head of Pricing (Rosebank)
Job Description:
We are a leading commercial risk specialist in Southern Africa, dedicated to proactive risk management and superior customer service. Partnering with customers and brokers, we enhance risk profiles across the continent.
Key Tasks and Accountabilities:
•Pricing: Evaluate existing and potential new lines of business across various short-term insurance offerings.
•Team Management: Lead a team of approximately 10 individuals.
•Stakeholder Management: Collaborate with internal stakeholders to ensure alignment with financial targets.
•Portfolio Analysis: Continuously analyze portfolio results to guide pricing decisions.
•Pricing Best Practices: Develop and implement pricing best practices, including system design.
•Pricing Tools Oversight: Oversee the contracting, budgeting, and implementation of pricing tools.
•Strategic Translation: Translate organizational plans into actionable pricing strategies.
•Predictive Analysis: Use statistical techniques for predictive analysis and strategic decision-making.
•Project Leadership: Lead complex pricing assignments and projects.
•Actuarial Support: Provide actuarial support and insights on performance and profitability.
•Reporting: Create and maintain business reports to monitor profitability and identify market opportunities.
•Business Support: Translate income statement deviations into underwriting and pricing actions.
Qualifications & Experience:
•Minimum NQF Level 7 in Actuarial Science or related field.
•Qualified FASSA designation of the Actuarial Society of South Africa or equivalent.
•Minimum five years' experience in short-term insurance pricing.
•Experience providing actuarial advice to senior management.
•Strong background in underwriting, portfolio management, and general management.
•Experience in project management and large-scale IT development projects.
Knowledge:
•Intermediate to advanced knowledge of actuarial principles, legislation, and pricing best practices.
•Proficiency in finance, accounting, and economic trends impacting underwriting and pricing.
•Proficient product knowledge with an understanding of policy wordings.
•In-depth understanding of the insurance industry trends, regulations, and market dynamics.
•Knowledge of IT governance and software development lifecycle.
•Familiarity with enterprise underwriting strategy development and implementation.
Technical Skills:
•Proficiency in English; additional languages preferred.
•Strong communication and presentation skills.
•Advanced computer literacy, including SAS, VBA, and pricing software.
•Expertise in statistical and actuarial pricing tools and methods.
•Knowledge of IT architecture and fault diagnosis.
•Advanced understanding of portfolio management and optimization methods.
•Collaborative mindset with the ability to influence across functions.
•Deadline-oriented and able to work under pressure.
To Apply, submit your CV and latest payslip to [email protected]
