Head of Pricing

Are you a Pricing expert looking for your next position? Our client in the insurance industry is looking for a Head of Pricing to join them in Johannesburg.

This individual will report to the Chief Underwriting Officer and will be responsible for pricing across the brands of the company.

Responsibilities:

• Pricing of existing and potential new lines of business of short term insurance offerings including Commercial Lines, Personal Lines, Marine, Engineering and Hospitality.


• Manage and lead the pricing team, consisting of approximately 10 people.


• Managing various stakeholders across the business, including Broker Distribution and Underwriting, to ensure that the company meets its ongoing financial targets.


• Analyse portfolio results on an ongoing basis to guide pricing decisions and inform alternative courses of action, where necessary to achieve the business goals.


• Develop and/or co-develop the required pricing best practice, including systems design and procedures to achieve business goals. Assist in the required implementation of systems and tools as needed.


• Overall responsibility for pricing tools used by the company, including contracting, budgeting, implementation and alignment to best practices.


• Translate organisation plans into implementable pricing bases and risk management strategies. Ensure that process and standards are consistent with other Actuarial units and governance policies.


• Predict the outcome of alternative courses of action with reasonable accuracy using statistical techniques, design criteria and required specifications.


• Lead complex pricing assignments and projects that require high levels or integration across various business units.


• Provide actuarial support and advice to the business including insights into underlying performance.


• Create and maintain business reports to monitor the profitability and identify market opportunities.


• Support and participate in Profitability Review and Performance Assessment discussions.


• Support Reserving, Finance, market-facing business units, Broker Distribution, Claims, Risk, Capital Management, and other functions on pricing, and strategic business decisions as required.


• Assist in managing the flow and quality of data.

Requirements:

• Minimum of an NQF Level 7 qualification


• Qualified FASSA designation of the Actuarial Society of South Africa or an international equivalent will be highly beneficial


• At least 5 years of short-term insurance pricing experience (includes modelling and deployment).


• Experience of providing actuarial advice to senior management


• Underwriting and portfolio management experience with market practice acumen


• At least 5 years general management experience


• Experience in project management and past exposure to large IT development projects

Apply today!