Pricing Director for Insurance
2 days ago
Network Recruitment is seeking an experienced Pricing Director to lead the pricing strategy for existing and new lines of business.
About the RoleThis is a key leadership position that will play a critical role in driving pricing initiatives and data analytics within the organization. The successful candidate will have a strong background in short-term insurance pricing, including modelling and deployment, as well as experience in underwriting, portfolio management, and general management.
Responsibilities- Develop and implement pricing best practices, tools, and systems to optimize pricing strategies across various product lines.
- Collaborate with internal teams, including Underwriting, Claims, Finance, and Sales to ensure alignment and effective execution of pricing initiatives.
- Analyze portfolio performance and provide actuarial advice to senior management to inform pricing decisions.
- Oversee the flow and quality of data to ensure accurate pricing models and drive data-driven decision-making.
- Monitor profitability, renewals, and pricing targets, adjusting strategies as needed to meet business objectives.
- Participate in Mergers & Acquisitions analyses and special projects to drive growth and expansion.
- 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.
The estimated salary for this position is $120,000 - $150,000 per annum, depending on experience and qualifications.
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