Head of Pricing – Rosebank needed at Marvel Placement Consultant
Gauteng, Johannesburg Full Time Accounting / Financial Services
Job title : Head of Pricing – Rosebank
Job Location : Gauteng, Johannesburg
Deadline : June 02, 2024
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Minimum Requirements:
- Matric.
- Minimum NQF Level 7, i.e. University degree in Actuarial Science or a related field.
- Beneficial: Qualified FASSA designation of the Actuarial Society of South Africa or an international.
- + 5 years’ short term insurance pricing experience, including modelling and deployment.
- Experience of providing actuarial advice to senior management.
- Underwriting and portfolio management experience with market practice acumen.
- 5+ or more years general management experience.
- Experience in project management and past exposure to large IT development projects.
Roles and Responsibilities:
- Lead the pricing team, comprising approximately 10 individuals, to oversee the pricing of the companies short-term insurance offerings, encompassing Commercial Lines, Personal Lines, Marine, Engineering, and Hospitality.
- Manage relationships with key stakeholders across the organisation, such as Broker Distribution and Underwriting, ensuring the company meets its financial targets consistently.
- Conduct ongoing analysis of portfolio results to inform pricing decisions and explore alternative strategies to achieve business objectives.
- Develop and/or collaborate on pricing best practices, including the design of systems and procedures, and assist in their implementation as necessary.
- Take overall responsibility for the pricing tools utilised by the company, overseeing contracting, budgeting, implementation, and alignment with industry best practices.
- Translate organisational plans into actionable pricing frameworks and risk management strategies, ensuring alignment with the companies’ Actuarial units and governance policies.
- Utilise statistical techniques and design criteria to accurately predict the outcomes of different courses of action.
- Lead complex pricing projects requiring integration across multiple business units.
- Offer actuarial support and insights into underlying performance to various business functions.
- Develop and maintain business reports to monitor profitability and identify market opportunities.
- Participate in Profitability Review and Performance Assessment discussions.
- Collaborate with Reserving, Finance, Claims, Risk, Capital Management, and other departments on pricing and strategic decisions.
- Assist in overseeing data flow and quality management.
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