Pricing Specialist

2 weeks ago


Sandton, South Africa Bidvest Bank Full time

Primary Purpose

Minimum Requirements

REQUIRED MINIMUM EDUCATION AND TRAINING
BCom degree, Maths degree or equivalent

REQUIRED MINIMUM WORK EXPERIENCE
Minimum: 2 years' previous experience in Fleet Pricing

Ideal:
Thorough understanding of operations in a bank with 4+ years' experience in similar industry (fleet) and role (pricing)

TECHNICAL COMPETENCY REQUIREMENT Strategic Planning:
Ability to implement pricing strategies that align with the bank's overall business objectives and drive growth.

Pricing Analysis:

Ability to understand and efficiently analyse information from multiple sources and use pricing models for customer profitability for the bank.

Analysing market dynamics, pricing trends to inform strategic direction to the pricing policy.

Pricing Models:
Ability to design and implement pricing metrics to meet the bank's required return on investments.

Digital Modelling Tools:

In today's fast-paced and digitally driven world, a Pricing Specialist should have a solid understanding of digital modelling tools and technologies.

This includes proficiency in data analytics, data visualization, and software, as well as an understanding of emerging technologies.

Ability to use data analytics tools and techniques to analyse pricing input data and generate best pricing model for the customer and the bank.


Investment Management:

Ability to manage the bank's asset investment portfolio, including selecting investments, monitoring performance, and ensuring compliance with investment policies.


Risk Management:
Ability to assess and manage financial risks, such as credit risk, market risk, and operational risk.

Regulatory Compliance:

Understanding of regulations and compliance requirements that guard the fleet business, and ability to ensure that the bank is meeting these requirements.


Duties and Responsibilities include but not limited to:
Pricing

Strategic Pricing

Develop investment appraisals for strategic growth within the Business.

Develop pricing models to ensure customers are profitable.


Ensure market related input data is used on the pricing models by using latest rates and prices when modelling quotes.

Management of Activities

Plan, allocate and evaluate workload.

Evaluate, and organize information for action.

Assist in developing and implementing standard procedures and policies.

Understand how the function impacts on business results

Pricing

Coordinating and formatting all relevant information for decision making.

Monitoring pricing trends to inform strategic direction to the pricing policy.

Managing pricing change implementation.

Identify and exploit new pricing opportunities/ innovations to grow the business further.

Construct methodologies to enhance effectiveness of pricing policies.

CUSTOMER CENTRICITY
Service Excellence

Quality of service delivery as experienced by internal & external stakeholders.

Interprets business/customer requirements to provide timeous solutions.

Speed of responses, and timeously meeting all deadlines.

Output results from "client servicing" activities. Includes value of advice to stakeholders.

Insights

Provision of quality insightful and analytics

  • Assisting the sales and customer management team with proposal development.
  • Unpack the makeup of input or rates to clearly articulate what works or does not work and clarity of action.
  • Consider global conditions, as well as competitor activity to create competitive advantage
Productivity

Performing margin and pricing analysis to support business.

Reviewing comparative pricing data, including wins and losses due to price.

Business Partnering

Ensure customer service excellence.

Communicate vision and services.

Identify problem areas and ensure corrective action is taken.

Create and maintain effective working relationships with stakeholders.

OPERATIONAL EXCELLENCE
Robust control environment

Contribution to making the department a great place to work.


Contribution to teamwork (Level of teamwork, accountability, delivery, quality & speed of information shared, contribution to efficiency & effectiveness of area).

Take accountability for the achievement of operational objectives within own area of control.

Ensuring all pricing metrics and files reflect the latest market prices and rates.

Clean audit

Clean audit report & no repeat audit findings

Automation

Identify repetitive processes and reimagine the process. Eliminate manual work arounds to improve turnaround time of delivery of customer pricing.

Practical Implementation/Solving common problems jointly

Drive allocated or participate meaningfully in reporting projects (automation and proof of concepts). Key is to be an active participant in cross-functional projects that have a pervasive impact.

LEARNING AND GROWTH
Training

  • Keeping abreast of own development and ensure exposure is gained based on development areas.
  • Share acquired knowledge with peers.
  • This position is advertised in line with our commitment to Emp


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