Description: The Pricing Specialist is responsible for researching, analysing, updating, and monitoring all information and data relevant to Service and Maintenance plans, as well as other non-regulated product pricing. The role aims to ensure all products are priced competitively and profitably.Minimum Requirements:EducationEssential:Bachelor's degree in mechanical engineering or Statistics, Finance, Economics or similar Equivalent NQF Level 7 QualificationPreferred:A Technical qualification in Automotive Motor Mechanic or similar fieldExperienceEssential:A minimum of 3 years of experience in product cost estimation and analysis within a pricing environment or a similar role, preferably in the Automotive or Short-term Insurance IndustryStrong analytical and quantitative skills.Proficient in data analysis and pricing software or tools.Preferred:Financial modelling and analytical skillsProficiency in SQL and BI tools (e.g., Power BI)Knowledge of techniques used or modern technology tools for analysing data and implementing pricing initiativesKey ResponsibilitiesFinance:Develop, maintain and implement optimal pricing modelsDetermine and set pricing for all Service and Maintenance and other non-regulated products to ensure accuracy, competitiveness, and profitability.Evaluate the cause of loss ratios and other relevant factors to provide recommendations and assumptions for pricing models.Maintain and update pricing methodologies for different scenarios.Obtain and research relevant information to be incorporated into pricing strategies.Present data analytics and provide recommendations to management.Support and assist in various ad-hoc projects as needed.Risk and Compliance:Identify, assess, and mitigate risks associated with pricing strategies and models.Ensure that all pricing decisions comply with internal risk management policies and procedures.Ensure all pricing activities comply with relevant regulations and standards.Stay updated on regulatory changes and incorporate them into pricing strategies and methodologies.Customer:Understand the overall business and drive a customer service culture within the organization.Support and drive the new business process in alignment with internal and external requirements.Ensure deliverables are met as agreed in SLAs.Adhere to and promote a positive customer experience for both internal and external customers.People:Create a culture of ownership and accountability throughout the organisation in support of our company values.
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