Head: Pricing and Profitability (iWYZE) at Old Mutual

Job Description

• Develop and manage the pricing strategy to support the growth and development of the business through a risk-based pricing model across all product sets and distribution mechanisms nationally. Identify market opportunities through competitor and market analysis and to produce business intelligence on underwriting performance and / or profitability of the business.
• Accountable for the development and implementation of a pricing strategy and model across all product sets and distribution mechanisms nationally.
• Understand the end-to-end customer value chain to identify opportunities to improve the profitability of the product offering through risk based selection and / or product rationalisation / design.
• Manage rate change process for existing products and rate design & implementation for new products across platforms to ensure that the organisation operates on a profitable and financially viable basis through an optimised pricing model.
• Manage strategic price implementation and price strength analysis and reporting.
• Provide & analyse underwriting results for the organisation.
• Provide data specifications for connectivity and rate engines.
• Contribute to strategies and related processes to continuously grow the target market.
• Actively participate in the analysis and monitoring of the industry, target market and competitors to identify opportunities and threats.
• Build models to profit test changes to existing products as well and potential new products.
• Establish, monitor and review pricing principles for bundled products, new business and existing business that are relevant to the target markets.
• Review third party pricing models during due diligence and review processes and provide insights and advice on necessary changes.
• Deliver on projects and initiatives within agreed deadlines.
• Monitor market conditions, competitive landscape, regulatory and technological changes to ensure the pricing strategy remains relevant.
• Apply advances actuarial/statistical techniques in analysing pricing data.

Skills

Actuarial Modelling, Budgeting, Business Planning, Delivery Excellence, Market Knowledge, Negotiation, Profitability, Risk Management

Education

• BSc Mathematics Sciences: Actuarial And Financial Mathematics (Required)

Closing Date

• 24 October 2022