Head of Pricing

SUMMARY:
Head of Pricing
We are recruiting for a Head of Pricing to join one of our clients at their offices based in Rosebank, Johannesburg. The company specialises in short-term insurance risk management solutions. The ideal candidate will come with at least 5 years’ experience in a similar role.

POSITION INFO:
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.

• Lead the pricing team, comprising approximately 10 individuals, to oversee the pricing of Bryte's 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 Bryte 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 Bryte, overseeing contracting, budgeting, implementation, and alignment with industry best practices.
• Translate organisational plans into actionable pricing frameworks and risk management strategies, ensuring alignment with Bryte's 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.