Head of Pricing

Hire Resolve is seeking an experienced and strategic Head of Pricing for our client, a leading insurance company. This is an exciting opportunity for a pricing expert to join a dynamic team and play a key role in shaping the companys pricing strategy. The ideal candidate will have a strong background in pricing models, analytics, and insurance industry trends, with the ability to lead a team and drive business growth through data-driven decision-making. If you are passionate about optimizing pricing strategies in a fast-paced environment, wed love to hear from you Responsibilities Portfolio Analysis: Continuously monitor and assess portfolio results to guide pricing strategies and make adjustments as necessary to meet business goals. Pricing Tools Management: Manage all pricing tools, including budgeting, contracting, implementation, and compliance with best practices. Cross-Functional Support: Partner with teams in Finance, Reserving, Claims, Risk, and other business units to provide pricing expertise and support strategic decisions. Strategic Planning Implementation: Translate organisational goals into actionable pricing strategies and ensure alignment with actuarial standards. Team Leadership: Lead and manage a pricing team of approximately 10 members, ensuring high performance and goal achievement. Pricing Management: Oversee the pricing of short-term insurance products, including Commercial Lines, Personal Lines, Marine, Engineering, and Hospitality. Actuarial Support: Provide actuarial insights and advice to support strategic business decisions and drive profitability. Advanced Analytics: Utilize statistical techniques to predict outcomes, assess alternative strategies, and drive informed decision-making across business units. Develop Best Practices: Create and implement pricing best practices, systems, and procedures to enhance efficiency and alignment with industry standards. Data Quality Management: Oversee the quality and flow of data critical to pricing decisions and reporting. Stakeholder Collaboration: Work closely with internal teams such as Broker Distribution and Underwriting to achieve financial targets. Performance Reporting: Generate and maintain business reports to monitor profitability, identify market opportunities, and support profitability review discussions. Requirements At least 5 years of experience in short-term insurance pricing, including modelling, deployment, and offering actuarial advice. 5 years in a general management role, with a proven track record in leading teams. FASSA qualification (Actuarial Society of South Africa) or equivalent international certification is preferred. Minimum NQF Level 7 (Bachelor's Degree) in Actuarial Science or related field. Strong understanding of insurance industry practices, including underwriting, policy lifecycle, economic trends, regulatory requirements, and IT governance. Advanced proficiency in statistical software (e.g., SAS, VBA) and actuarial pricing tools. Expertise in financial analysis, portfolio management, and application of actuarial models to business scenarios. Experience managing large IT development projects and implementing strategic initiatives. Demonstrated ability to conduct root cause analysis, drive data and analytics initiatives, and devise practical solutions to enhance pricing processes. Effective communicator with the ability to convey complex actuarial concepts to various audiences and build relationships across functions. Benefits Salary negotiable Contact Hire Resolve for your next career-changing move today Apply for this role today, contact Gustav Vogel or Lidene Pienaar at Hire Resolve on LinkedIn. You can also visit the Hire Resolve website: hireresolve.us or email us your CV: financialcareershireresolve.za.com We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.

Location: Johannesburg, ZA

Posted Date: 11/1/2024