Job Description

This role reports into the Chief Underwriting Officer and is responsible for pricing across Broker Distribution, Specialist Insurance and Botswana, with some governance pricing review support of Insurance Partners.POSITION INFO:The successful candidate will be responsible for the following key performance areas:

• Pricing of existing and potential new lines of business short- term insurance offerings including Commercial Lines, Personal Lines, Marine,

and . * Manage and lead the pricing team, consisting of approximately 10 people.

• Managing various stakeholders across the business, including Broker Distribution and Underwriting, to ensure that the company meets its ongoing financial targets.

• Analyse portfolio results on an ongoing basis to guide pricing decisions and inform alternative courses of action, where necessary to achieve the business goals.
• Develop and/or co-develop the required pricing best practice, including systems design and procedures to achieve business goals. Assist in the required implementation of systems and tools as needed.
• Overall responsibility for pricing tools used, including contracting, budgeting, implementation and alignment to best practices.
• Translate organisation plans into implementable pricing bases and risk management strategies. Ensure that process and standards are consistent with other Actuarial units and governance policies.

• Predict the outcome of alternative courses of action with reasonable accuracy using statistical techniques, design criteria and required specifications.
• Lead complex pricing assignments and projects that require high levels or integration across various business units.
• Provide actuarial support and advice to the business including insights into underlying performance
• Create and maintain business reports to monitor the profitability and identify market opportunities.
• Support and participate in Profitability Review and Performance Assessment discussions.
• Support Reserving,

, market-facing business units, Broker Distribution, Claims, Risk, Capital Management, and other functions on pricing, and strategic business decisions as required. * Assist in managing the flow and quality of data.

• The role operates at the professional level, with middle management responsibility for multiple teams.

Business Support Specific

• Translate Income statement deviations from targets into underwriting and pricing actions.
• Play a thought leadership role in data and analytics within and help drive pricing initiatives into general underwriting processes.
• Provide price and renewal strength monitoring against targets.
• Help translate capital charges and reinsurance cost into pricing processes.
• Do research and provide consultation on Business Unit level on pricing and underwriting decision taking.
• Participate in analyses related to Mergers & Acquisitions and/or special projects that are outside of normal business as usual or geographic responsibilities.

StakeholdersInternal

• IT and Data Management
• Underwriting
• Claims
• Finance
• Risk Management
• Sales and Distribution

External

• Consultants and software providers
• Insurance Partners
• Network of contacts within the actuarial profession
• Participation in professional/ industry groups/ working parties

Qualifications

• Minimum NQF Level 7, i.e. University degree in Actuarial Science or a related field.
• Qualified FASSA designation of the Actuarial Society of South Africa or and international equivalent will be given preferenceBusiness partners.

Experience

• Qualified FASSA designation of the Actuarial Society of South Africa or an international equivalent will be given preference
• 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

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