Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. 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. Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. 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. Develop and manage the pricing strategy to support the growth and development of the business through a risk-based pricing model 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. Drive change methodology and ensure implementation across all projects Ensure project and change initiatives meet objectives on time and on budget by increasing user adoption and proficiency. Responsible for implementing change management strategies and plans that maximize user adoption and proficiency and minimize resistance by increasing benefit realization, value creation, ROI and the achievement of business results and outcomes. Provide customer and competitor insights that will guide product development and improve user adoption or uptake. Continuous improvement to ensure effective service Ensure statutory and legislative knowledge is always current in order to resolve customer 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. Collaborate and work with the HR and IT teams to deliver required service levels. Actively share information with other team members regarding successes, issues, trends and ideas. Experience, knowledge&skills required Near or newly Qualified Actuary. 8 – 10 years’ experience working in the general insurance industry. 3 – 5 years’ experience leading a team of actuaries. Strong knowledge of GLM pricing techniques. Skills Education Closing Date 31 May 2024 The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story! About Us Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience. #J-18808-Ljbffr