Actuarial Pricing Lead

1 month ago


Johannesburg, Gauteng, South Africa Set Consulting Full time
Head of Pricing Job Description

At Set Consulting, we are seeking an experienced professional to fill the role of Head of Pricing for our short-term insurance business. Reporting to the Chief Underwriting Officer, you will be responsible for leading the pricing team and developing pricing strategies that drive business growth.

Key Responsibilities:

  1. Priced existing and potential new lines of business of our company's short-term insurance offerings.
  2. Managed and led the pricing team, consisting of approximately 10 people.
  3. Managed various stakeholders across the business to ensure the company meets its ongoing financial targets.
  4. Analyzed portfolio results on an ongoing basis to guide pricing decisions and inform alternative courses of action, where necessary to achieve the business goals.
  5. Developed and/or co-developed the required pricing best practice, including systems design and procedures to achieve business goals.
  6. Overall responsibility for pricing tools used, including contracting, budgeting, implementation and alignment to best practices.
  7. Translated organisation plans into implementable pricing bases and risk management strategies. Ensured that processes and standards are consistent with other Actuarial units and governance policies.
  8. Predicted the outcome of alternative courses of action with reasonable accuracy using statistical techniques, design criteria and required specifications.
  9. Lead complex pricing assignments and projects that require high levels of integration across various business units.
  10. Provided actuarial support and advice to the business including insights into underlying performance.
  11. Created and maintained business reports to monitor profitability and identify market opportunities.
  12. Supported and participated in Profitability Review and Performance Assessment discussions.
  13. Supported Reserving, Finance, market-facing business units and other functions on pricing, and strategic business decisions as required.


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