Pricing Manager at Discovery Limited

Key Purpose

• Seeking a Pricing Manager with a strong background in short-term insurance to lead the development of customer lifetime value models, renewal strategies and the pricing strategy for Discovery Insure. The ideal candidate will have experience in predictive modeling, data analysis, and actuarial techniques to support business objectives and drive profitability.

Areas of responsibility may include but are not limited to

• Oversee and guide in-depth investigations and ad-hoc analysis to support pricing decisions and business objectives.
• Lead the creation and refinement of actuarial models to monitor business performance and support development initiatives.
• Take ownership of lifetime value models and renewal strategies, ensuring they maximize customer value and retention.
• Utilize and oversee predictive modeling techniques to segment the client base and identify pricing opportunities.
• Ensure models are accurate and fit for purpose, regularly monitoring their performance and making necessary adjustments.
• Establish and maintain monitoring processes to measure model performance, ensuring accuracy and reliability in pricing decisions.
• Ensure data processes are continuously maintained and updated, providing oversight and direction.
• Develop and implement pricing strategies aligned with business objectives, ensuring competitiveness and profitability

Technical Skills and Knowledge

• Modelling skills preferred
• Experience with WTW software (e.g., Emblem, Radar)
• Programming Skills: SQL (Intermediate)
• Microsoft Office (Excel, PowerPoint and Word) (Advanced) Insurance experience is advantageous.

Education and Experience

Education:

• Matric (Essential)
• Honours degree in Actuarial Science and/or Mathematical Statistics/ Computer Science or Strong mathematical/economics candidate (Essential)
• FASSA (Advantageous)

Minimum Experience:              

• At least 3–5-year Technical Pricing experience within Insurance industry (advantageous)