Manager: Tactical Pricing

 

Recruiter:

Moving Heads Personnel CC

Job Ref:

Man: Tactical Pricin..

Date posted:

Wednesday, June 2, 2021

Location:

Johannesburg, South Africa

Salary:

neg


SUMMARY:
Manager: Tactical Pricing

POSITION INFO:

 

 Manager: Tactical Pricing

Determine, implement and monitor the effectiveness of tactical pricing decisions.

Develop, maintain and control tactical pricing structures ensuring key underwriting/financial matrices within the business plan are achieved.

Monitor market conditions, competitive landscape, regulatory and technological changes to ensure our pricing strategy remains relevant.

Ensure adherence to treating customers fairly standards.

Apply advanced actuarial/statistical techniques in analysing pricing data.

Monitor trends in the portfolio matrices such as conversion, renewal and lapse rates and advice business accordingly.

Gain an understanding of LTV in different market segments to assist in deriving the pricing strategy.

Develop future pricing strategies and implementation plans.

Build models to profit test changes to existing products as well and potential new products.

Contribute to specialized analytical assignments where required.

Contribute to the setting of parameters for the budgeting and business planning cycle.

Provide support to the general business operations as required.

 

Continuous improvement to ensure effective service

Ensure statutory and legislative knowledge is always current in order to resolve complaints, to advise the business on corrective solutions to mitigate risks and to improve the customer experience whilst complying with governance requirements.

 

Ensure adherence to organisational policies, practices and procedures.

Identify solutions to enhance cost effectiveness and increase operational efficiency.

 

Service delivery to ensure customer satisfaction

Maintain service, quality and desired outputs across the business process by ensuring compliance to tactical policies, procedures and standards.

Establish productive operational relationships with key stakeholders in the various channels and administrative teams.

Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals.

Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.

 

Ensure cost efficiency through financial and corporate governance

Contribute to the development and implementation of fit for purpose budgets.

Manage supplier relationships, and budgets associated with projects.

 

Manage quality people practices

Align own behaviour with the organisation culture and values.

Share and transfer product, process and systems knowledge to colleagues and team members.

Collaborate and work with the business to deliver required service levels.

Actively share information with other team members regarding successes, issues, trends and ideas.

 

 

Bachelor’s degree in Actuarial Science.

5 – 8 years’ experience in pricing in short term Insurance.

2 – 3 years’ experience leading a team of actuaries.

Strong knowledge of LTV principles and how they can be applied in pricing. e31.5i

 

 

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