Head of Pricing

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 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. Closing Date: Submissions for this vacancy will close on 20 May 2024, however, you will still have the opportunity to submit your CV for this position till 30 May 2024. Please Note: Thank you for submitting your CV to Marvel Placement Consultants. We value your submission, and we try our utmost best to get back to each applicant. However, should your application be successful, we will be in contact with you. Should you not hear from us within two weeks of application, please consider your application as unsuccessful. We are however recruitment specialists and will keep your details on our database for possible future opportunities. PoPI Act: Please note that Marvel Placement Consultants adhere to the POPI Act (Act No. 4 of 2013: Protection of Personal Information Act, 2013). Section 9 of PoPI states that 'Personal Information may only be processed if, given the purpose for which it is processed, it is adequate, relevant and not excessive'.