Head of Pricing Strategy
4 weeks ago
We are a leading commercial risk specialist in Southern Africa, dedicated to proactive risk management and superior customer service. Our team is seeking a highly skilled and experienced Head of Pricing to lead our pricing strategy and drive business growth.
Key Responsibilities:- Evaluate existing and potential new lines of business across various short-term insurance offerings.
- Lead a team of approximately 10 individuals.
- Collaborate with internal stakeholders to ensure alignment with financial targets.
- Continuously analyze portfolio results to guide pricing decisions.
- Develop and implement pricing best practices, including system design.
- Oversight of the contracting, budgeting, and implementation of pricing tools.
- Translate organizational plans into actionable pricing strategies.
- Predictive analysis and strategic decision-making.
- Lead complex pricing assignments and projects.
- Actuarial support and insights on performance and profitability.
- Reporting and business support.
- Minimum NQF Level 7 (University degree) in Actuarial Science or related field.
- Qualified FASSA designation of the Actuarial Society of South Africa or equivalent.
- Minimum five years' experience in short-term insurance pricing.
- Experience providing actuarial advice to senior management.
- Strong background in underwriting, portfolio management, and general management.
- Experience in project management and large-scale IT development projects.
- Collaborative mindset with the ability to influence across functions.
- Self-motivated and proactive.
- Professional, enthusiastic, and positive attitude.
- Deadline-oriented and able to work under pressure.
- Strong leadership skills.
- Intermediate to advanced knowledge of actuarial principles, legislation, and pricing best practices.
- Proficiency in finance, accounting, and economic trends impacting underwriting and pricing.
- Proficient product knowledge with an understanding of policy wordings.
- In-depth understanding of the insurance industry trends, regulations, and market dynamics.
- Knowledge of IT governance and software development lifecycle.
- Familiarity with enterprise underwriting strategy development and implementation.
- Proficiency in English; additional languages preferred.
- Strong communication and presentation skills.
- Advanced computer literacy, including SAS, VBA, and pricing software.
- Expertise in statistical and actuarial pricing tools and methods.
- Knowledge of IT architecture and fault diagnosis.
- Advanced understanding of portfolio management and optimization methods.
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