Manager Pricing at Absa Group Limited (Absa)

Job Summary

• Lead the setting and monitoring of Home Loans Pricing strategy at a granular level to optimise economic value within the constraints of the agreed Risk Appetite, targets, limits and triggers. Take accountability to ensure leading-edge predictive techniques and modelling is developed and embedded to ensure competitive and sustained advantage

Job Description

• Set and maintain the pricing and profitability framework from which all pricing strategies are adjusted; maintained and implemented 
• Assist with the development of business cases and plans by providing input to the appropriate stakeholders with regards to the recommended pricing for new products 
• Establish pricing strategies by understanding the risk & reward opportunity and competitor levels and implement these strategies 
• Understand and analyse the effect of price-elasticity at a customer and product level 
• Conduct pricing champion challenger strategies with each product house and customer segment in order to analyse the optimal price levels considering price competition and price elasticity 
• Assist business with creation of optimal balance sheets and income statements over business cycles. accounts 
• Establish minimum hurdle and ensure that the minimum profitability returns are met through the economic cycle 
• Understand how ROE, ROEC, RORC and RORWA are affected through the economic cycle 
• Develop a high performing team by embedding formal performance development and informal coaching 
• Encourage frequent knowledge sharing between team members |Determine and analyse development needs for the team and ensure that identified training requirements 
• Interview and recruit new members of the team, including determining appropriate compensation levels with input from Human Resource

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)