Head of Pricing (Insurance)

Up to R1.9m per annum plus Bonus

Gauteng

An excellent career opportunity for a Head of Pricing at a premium insurance company in Southern Africa. Reporting to the Chief Underwriting Officer, you will be responsible for pricing across three business divisions, with some governance pricing review support for their insurance partners. Experience in Capital and Reserving is essential for this opportunity.

Key Performance Areas

• Pricing of existing and potential new lines of business of the company's short-term insurance offerings
• Manage and lead the pricing team, consisting of approximately 10 people.
• Managing various stakeholders across the business to ensure the company meets its ongoing financial targets.
• Analyse portfolio results on an ongoing basis to guide pricing decisions and inform alternative courses of action, where necessary to achieve the business goals.
• Develop and/or co-develop the required pricing best practice, including systems design and procedures to achieve business goals. Assist in the required implementation of systems and tools as needed.
• Overall responsibility for pricing tools used, including contracting, budgeting, implementation and alignment to best practices.
• Translate organisation plans into implementable pricing bases and risk management strategies. Ensure that processes and standards are consistent with other Actuarial units and governance policies.
• Predict the outcome of alternative courses of action with reasonable accuracy using statistical techniques, design criteria and required specifications.
• Lead complex pricing assignments and projects that require high levels of integration across various business units.
• Provide actuarial support and advice to the business including insights into underlying performance.
• Create and maintain business reports to monitor profitability and identify market opportunities.
• Support and participate in Profitability Review and Performance Assessment discussions.
• Support Reserving, Finance, market-facing business units and other functions on pricing, and strategic business decisions as required.
  
  

Qualifications and Experience

• Minimum NQF Level 7, i.e. University degree in Actuarial Science or a related field.
• Qualified FASSA designation of the Actuarial Society of South Africa or an international equivalent (preferred)
• 8 to 10 years of short-term insurance pricing experience, including modelling and deployment and sound leadership experience.
• Underwriting and portfolio management experience with market practice acumen
• Experience in project management and past exposure to large IT development projects

Please apply online or email your CV to Shantey@set.co.za