senior manager pricing

1 month ago


Johannesburg, Gauteng, South Africa Old Mutual Life Assurance Company (Malawi) Limited Full time

Let's Build Africa's Success Story Together


Old Mutual strongly believes in the vast potential in Africa and our team's diversity mirrors this belief.


Role Overview


Develop and oversee the pricing strategy to drive business growth and advancement. Utilize a risk-focused pricing model across all product categories and distribution channels nationwide. Identify market potentials through competitive analysis and generate business insights on underwriting performance and profitability.


Key Responsibilities

  • Lead the development and execution of a pricing strategy and model for all products and distribution channels nationally.
  • Comprehend the complete customer value chain to enhance product profitability through risk-based selections and product enhancements.
  • Manage rate adjustments for existing products and establish rates for new products to ensure a financially sustainable organization.
  • Implement strategic pricing changes and perform price strength analysis.
  • Analyze underwriting results and provide insights for improvement.
  • Support data specifications for pricing engines.
  • Contribute to growth strategies for the target market.
  • Monitor industry trends, competitors, and market conditions for opportunities and threats.
  • Develop models to evaluate product changes and new initiatives.
  • Review pricing principles for different product categories.
  • Evaluate third-party pricing models and provide recommendations.
  • Meet project deadlines and deliver on strategic initiatives.
  • Stay updated on market conditions, regulatory changes, and technological advancements.
  • Apply advanced statistical techniques for pricing analysis.

Driving Change and Implementation

  • Ensure timely and on-budget delivery of projects by enhancing user adoption and proficiency.
  • Implement change management strategies to maximize user acceptance and efficiency.
  • Provide insights on customers and competitors for product enhancement.

Continuous Enhancement for Superior Service

  • Stay informed on statutory regulations to address customer complaints and enhance customer experience.
  • Ensure compliance with organizational policies and identify ways to improve efficiency.

Ensuring Customer Satisfaction through Service Delivery

  • Maintain service quality and meet business objectives through operational excellence.
  • Build strong relationships with stakeholders and teams.
  • Develop routines to achieve service delivery goals.
  • Share knowledge and contribute to setting new standards.

Cost Efficiency and Corporate Governance

  • Contribute to budget development and management.
  • Manage supplier relationships and project budgets.

Effective People Management

  • Align behavior with organizational values.
  • Transfer knowledge to colleagues and collaborate across teams.
  • Engage with HR and IT teams to meet service levels.
  • Share information and ideas with team members.

Requirements

  • Near or newly Qualified Actuary.
  • 8 - 10 years' experience in general insurance.
  • 3 - 5 years' experience leading actuaries.
  • Expertise in GLM pricing techniques.

Education


Closing Date


31 May 2024


The selection process will align with Old Mutual South Africa's Employment Equity Plan.


Old Mutual Limited advocates vaccination and employees are encouraged to be fully vaccinated against Covid-19.


All candidates must declare their vaccination status during recruitment.


Refer to Old Mutual's Covid-19 vaccination policy for more details.


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