Pricing Manager
2 weeks ago
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Responsible for the development and execution of the everyday banking pricing. Develop and maintain controls to execute pricing within organisational risk appetite. Responsible for agreed commercial outcomes resulting from pricing strategy.
Job Description:
Accountability:
Pricing Management
- Responsible to conceive and manage pricing projects relating to new product development, annual price reviews / repo rate changes / FX margin or adhoc pricing changes.
- Responsible to document and maintain pricing policy as well as customer and colleague communications relating to changes in pricing policy.
- Responsible to identify and capitalise on revenue enhancements within everyday banking risk and conduct appetite in support of EB product strategy.
- Develop tools, analytical techniques and data to model the impact of pricing strategies across everyday banking core products and revenue lines.
- Provide insights based on market trends, competitor offerings and global best practices as it relates to pricing and value for money.
- Responsible for the preparation and execution of pricing parameters in collaboration with the pricing implementation team.
- Responsible for the postimplementation review of changes processed through to production environment.
- Provide relevant pricing input to the mediumterm planning (MTP) and shortterm planning (STP) processes as well as new proposition developments.
- Investigate and resolve root causes driving pricing related customer complaints.
Accountability:
Pricing Systems
- Provide strategy and roadmap to inform pricing related systems development incorporating product and customer specific strategies as well as parametric simplification.
- Develop and maintain systemic controls to ensure adherence to relevant pricing regulations, revenue assurance and internal pricing change and approval governance.
- Provide expert input to new product development / enhancement process as it relates to pricing systems and controls to ensure adherence to pricing policy.
Accountability:
Reporting and Governance
- Develop and maintain appropriate reporting supporting revenue assurance and adherence to pricing policy and relevant pricing regulations.
- Responsible for the administration of pricing change and approval governance through the pricing committees and other relevant forums.
- Adhoc and regulatory reporting as required by the role.
Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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