Head of Pricing Strategy

1 month ago


Johannesburg, Gauteng, South Africa The Vine Partners Full time
Job Title: Head of Pricing

We are seeking a seasoned professional to lead our pricing team at The Vine Partners, a leading commercial risk specialist in Southern Africa. As Head of Pricing, you will be responsible for evaluating existing and potential new lines of business, managing a team of pricing experts, and collaborating with stakeholders to drive business growth.

Key Responsibilities:
  • Evaluate and optimize pricing strategies for commercial lines, personal lines, marine, engineering, and hospitality
  • Lead and manage a team of pricing experts, providing guidance and support to ensure successful project delivery
  • Collaborate with stakeholders across the organization to ensure alignment with financial targets and business objectives
  • Analyze portfolio results to inform pricing decisions and drive business growth
  • Develop and implement pricing best practices, including system design and procedures
  • Oversee the development and implementation of pricing tools and software
  • Translate organizational plans into actionable pricing strategies and risk management initiatives
  • Provide actuarial support and insights to the business, offering guidance on underlying performance and profitability monitoring
  • Lead complex pricing assignments and projects, requiring integration across various business units
Requirements:
  • 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, including modelling and deployment
  • 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
Behaviors and Knowledge:
  • Collaborative mindset with the ability to influence across functions
  • Self-motivated and proactive with a drive to achieve business objectives
  • Professional, enthusiastic, and positive attitude
  • Deadline-oriented with the ability to work under pressure
  • Strong leadership skills with the ability to manage a team effectively
  • 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 and commercial and personal lines
  • 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
Technical Skills:
  • Proficiency in English; proficiency in 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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