Head of Pricing

2 weeks ago


Randburg, Gauteng, South Africa Marvel Placement Consultants Full time

Head of Pricing

Minimum Requirements:

  • Matric.
  • Minimum NQF Level 7, i.e. University degree in Actuarial Science or a related field.
  • Beneficial: Qualified FASSA designation of the Actuarial Society of South Africa or an international.
- + 5 years' short term insurance pricing experience, including modelling and deployment.

  • Experience of providing actuarial advice to senior management.
  • Underwriting and portfolio management experience with market practice acumen.
  • 5+ or more years general management experience.
  • Experience in project management and past exposure to large IT development projects.

Roles and Responsibilities:

  • Lead the pricing team, comprising approximately 10 individuals, to oversee the pricing of Bryte's shortterm insurance offerings, encompassing Commercial Lines, Personal Lines, Marine, Engineering, and Hospitality.
  • Manage relationships with key stakeholders across the organisation, such as Broker Distribution and Underwriting, ensuring Bryte meets its financial targets consistently.
  • Conduct ongoing analysis of portfolio results to inform pricing decisions and explore alternative strategies to achieve business objectives.
  • Develop and/or collaborate on pricing best practices, including the design of systems and procedures, and assist in their implementation as necessary.
  • Take overall responsibility for the pricing tools utilised by Bryte, overseeing contracting, budgeting, implementation, and alignment with industry best practices.
  • Translate organisational plans into actionable pricing frameworks and risk management strategies, ensuring alignment with Bryte's Actuarial units and governance policies.
  • Utilise statistical techniques and design criteria to accurately predict the outcomes of different courses of action.
  • Lead complex pricing projects requiring integration across multiple business units.
  • Offer actuarial support and insights into underlying performance to various business functions.
  • Develop and maintain business reports to monitor profitability and identify market opportunities.
  • Participate in Profitability Review and Performance Assessment discussions.
  • Collaborate with Reserving, Finance, Claims, Risk, Capital Management, and other departments on pricing and strategic decisions.
  • Assist in overseeing data flow and quality management.

Closing Date:


Submissions for this vacancy will close on 20 May 2024, however, you will still have the opportunity to submit your CV for this position till 30 May 2024.


Please Note:

PoPI Act:

Please note that Marvel Placement Consultants adhere to the POPI Act (Act No.

4 of 2013:

Protection of Personal Information Act, Section 9 of PoPI states that "Personal Information may only be processed if, given the purpose for which it is processed, it is adequate, relevant and not excessive".


  • For more information please contact:
**Consultant MF
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