Fundsatwork Pricing Specialist

**Introduction**

Through our client-facing brands Metropolitan and Momentum, withMultiply (wellness and rewards programme), and our others specialist brands, including Guardrisk and Eris Property Group,the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

**Role Purpose**

**Requirements**:

- Minimum matric with exemption including Mathematics (Pure) and Accounting/Physical Science
- Bachelor's degree in Commerce, Mathematics or Statistics is preferable.
- 2-5 years' work experience in the Insurance, Employee Benefits or other Financial Services industry is preferable, but not a pre-requisite.
- Work experience in Group clients’ Pricing is preferable, but not a pre-requisite.
- Good MS Outlook, MS Word and MS Excel skills.

**Duties & Responsibilities**

**INTERNAL PROCESS**
- Screening and analysing new and existing business pricing requests.
- Gathering, assessing and analysing all relevant information needed to:

- Provide a new business tender
- Review existing business premium rates, terms and conditions
- Assessing and calculating the retirement related fees, risk rate and underwriting requirements for the products requested, utilising the current pricing tools.
- Determining suitable terms and conditions in order to effectively manage risk.
- Preparing quality quotation/rate review documents to be issued to clients.
- Extracting data from existing systems, as well as validation and manipulation of the data.
- Accurate recording of data for business intelligence and reporting.
- Consider wider topics of risk management such as occupational and industry risks.
- Internal and external client liaison/collaboration with regards to rates, products and other risk issues.
- Build and improve current models and internal processes.
- Collaborate with the Group Insurance Pricing department for technical support
- Assist with workflow allocation when required

**CLIENT**
- Build a strong relationship with the sales channel so that existing business is retained at profitable rates while new business is secured with appropriate margins.
- Build and maintain relationships with relevant organisation’s departments to ensure in-depth knowledge of all related acts, regulations and regulatory frameworks.
- Compile, monitor and deliver on service level agreements with internal and external stakeholders to meet or exceed client expectations.
- Ensure satisfactory resolution of all queries and problems.
Track and address Product Pricing related complaints and identify trends and major issues to be addressed.

**PEOPLE**
- Enhance the image of MMH through professional client liaison:

- Internally and externally with other Departments/ Brokers/ Employers/ Members/ Reinsurers
- Work together with consultants to support client retention and new business acquisition via excellent customer service and maintaining excellent client and broker relationships.
- Provide technical pricing guidance and support to the Sales Channel and other departments.
- Support effective teamwork within the division.
- Engage with appropriate training interventions to promote own professional development.
- Live and uphold the MMH values

**FINANCE**
- Ensure rates and underwriting requirements provided mitigate financial risks.
- Increase profits and ensure rates provided are sustainable.
- Contribute towards reducing departmental operating costs

**Competencies**
- Analytical thinking (including problem identification and problem analysis).
- Attention to detail.
- Be able to work well independently and also within a team.
- Self-management and accountability.
- Quality and service oriented.
- Good judgment, effective decision making and problem-solving.
- Data management skills.
- Effective time management, flexibility and adaptability.
- Planning and organizing
- Ability to work under pressure
- The willingness to follow prescribed rules, procedures and instructions and work within given structures
- Self-starter, Self-disciplined and Self-motivated
- Pro-Activeness
- Commitment
- Assertiveness and Enthusiasm
- Ability to work with spreadsheets and basic calculations involving ratios, averages and data manipulation
- Excellent people and communication skills (verbal and written) with the ability to write coherently and professionally.