Johannesburg: Head of Pricing (Insurance) posted by AtripleA recruitment & temps

About the Role

We are seeking an experienced Head of Pricing (Insurance) to join our team at AtripleA recruitment & temps in Johannesburg. As a leading commercial risk specialist, we partner with customers and brokers to safeguard their businesses and enhance their risk profiles across Southern Africa. The successful candidate will be responsible for driving pricing decisions, managing the pricing team, and collaborating with various stakeholders to achieve business objectives.

Key Responsibilities

• Pricing: Evaluate existing and potential new lines of business across the short-term insurance offerings, including Commercial Lines, Personal Lines, Marine, Engineering, and Hospitality.

• Team Management: Lead and manage the pricing team, overseeing approximately 10 individuals.

• Stakeholder Management: Collaborate with various stakeholders across the organization, such as Broker Distribution and Underwriting, to ensure alignment with financial targets.

• Portfolio Analysis: Continuously analyse portfolio results to guide pricing decisions and explore alternative courses of action as needed to achieve business objectives.

• Pricing Best Practices: Develop and/or co-develop pricing best practices, including system design and procedures, and assist in their implementation as required.

• Pricing Tools Oversight: Take overall responsibility for pricing tools used, including contracting, budgeting, implementation, and alignment with industry best practices.

• Strategic Translation: Translate organizational plans into actionable pricing bases and risk management strategies consistent with standards and governance policies.

• Predictive Analysis: Utilize statistical techniques to predict the outcomes of alternative courses of action accurately and contribute to strategic decision-making.

• Project Leadership: Lead complex pricing assignments and projects requiring integration across various business units.

• Actuarial Support: Provide actuarial support and insights to the business, offering guidance on underlying performance and profitability monitoring.

• Reporting: Create and maintain business reports to monitor profitability and identify market opportunities.

• Business Support: Translate income statement deviations into underwriting and pricing actions and play a leadership role in driving pricing initiatives.

Requirements

• Minimum NQF Level 7 (University degree) in Actuarial Science or related field.

• Qualified FASSA designation of the Actuarial Society of South Africa or equivalent.

• Minimum five years’ experience in short-term insurance pricing, including modelling and deployment.

• Experience providing actuarial advice to senior management.

• Strong background in underwriting, portfolio management and general management.

• Experience in project management and large-scale IT development projects.

Qualifications

No formal qualifications mentioned in the original job description.

Salary & Benefits

Salary information not provided in the original job description.