Pricing Director for Insurance

1 month ago


Johannesburg, Gauteng, South Africa Network Recruitment Full time
Pricing Director for Insurance

Network Recruitment is seeking an experienced Pricing Director to lead the pricing strategy for existing and new lines of business.

About the Role

This 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.
Requirements
  • 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.
Skills and Competencies
  • 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.
Compensation

The estimated salary for this position is $120,000 - $150,000 per annum, depending on experience and qualifications.


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