Head of Pricing
3 weeks ago
Key Responsibilities:
- Lead the pricing strategy for existing and new lines of business.
- Manage and mentor a team of approximately 10 pricing professionals.
- Analyze portfolio performance and guide pricing decisions to achieve business objectives.
- Develop and implement pricing best practices, tools, and systems.
- Collaborate with internal teams, including Underwriting, Claims, Finance, and Sales to optimize pricing strategies.
- Support senior management with actuarial advice and business insights.
- Oversee the flow and quality of data to ensure accurate pricing models.
- Monitor profitability, renewals, and pricing targets, adjusting strategies as needed.
- Participate in Mergers & Acquisitions analyses and special projects.
- Play a key role in driving pricing initiatives and data analytics within the organization.
- A minimum of 5 years of experience in short-term insurance pricing, including modelling and deployment.
- Strong background in providing actuarial advice to senior management.
- Proven experience in underwriting, portfolio management, and general management.
- Previous exposure to large IT development projects and project management.
- A University degree in Actuarial Science or a related field (NQF Level 7).
- FASSA or an international equivalent qualification is preferred.
- Strong leadership skills with the ability to manage teams and influence cross-functional teams.
- Ability to meet deadlines and manage pressure effectively.
- In-depth knowledge of statistical and actuarial pricing tools and methods.
- Advanced computer literacy (SAS, VBA, Pricing Software, etc.).
- Expertise in portfolio management, optimisation methods, and underwriting strategies.
- Excellent communication skills, with the ability to present complex technical concepts to varied audiences.
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