Pricing Analyst

Rand Mutual - RMA; Parktown (NC); On-site; USD 45,000 - 68,000; Full time

Job summary

Rand Mutual Assurance in South Africa seeks a Pricing Analyst to join a team responsible for risk rating on Employee Benefit Risk schemes, covering both new and renewal business. The role requires deep knowledge of Group Risk and retirement funds, with emphasis on quotes, pricing design, and stakeholder collaboration.

You will contribute to business growth, client retention and profitability while engaging with internal and external stakeholders to drive pricing excellence and process

Qualifications

• Matric/Grade 12 and a Bachelor's degree in a related field.
• Minimum of 5 years Group Risk retirement fund benefit experience in quoting and pricing.
• Strong understanding of the group risk industry.
• Strong technical acumen.
• Strong CRM skills.
• Knowledge of group risk products.

Responsibilities

• Overseeing production of new quotes for all benefits.
• Pricing and benefit design of large/complex new business opportunities.
• Ensure delivery of new business quotations and pricing for renewal business is appropriately concluded.
• Ongoing Development of Pricing processes.
• Supporting the business development teams to grow the portfolio.
• Management of existing risk book through re-rating of existing schemes.
• Vulnerable schemes management (existing business).
• Negotiation with clients, reinsurers, brokers, sales team on all aspects linked to the Group Risk Business.
• Attend meetings with various stakeholders as required.
• Ensure effective communication between all stakeholders with a view to building and maintaining good stakeholder relationships.
• Ensure accurate and timeous provision of information.
• Implementation of strategic projects and business acquisitions.
• Resolve escalated technical queries and complaints.
• Quality control of output.
• Responsible for ongoing technical development and ongoing maintenance of the quotation system in line with IT strategy including reinsurance treaty changes.

Skills

Quoting and Pricing

Technical acumen

Customer Relationship Management

Group risk products knowledge

Group risk industry understanding

Education

Bachelor's degree (NQF 7) in Business/Finance/Economics/Math/Statistics or related

Matric / Grade 12

Job description

THE JOB AT A GLANCE

This Pricing Analyst will form part of a team that is responsible for the overall risk rating for Employee Benefit Risk schemes; both new and renewal business, across South Africa. The ideal incumbent should have a thorough understanding of Group Risk business for different products in for South Africa with specific knowledge of the Retirement fund industry. This includes understanding of Systems, Processes and Procedures. This individual will serve as a liaison with all internal and external stakeholders as defined per risk specialist. Holistic overview of Employee Benefit Risk Business with specific emphasis on sales, quotes and operations. The overall purpose of the role is to ensure business growth and client retention while ensuring profit expectations are achieved. This requires continued engagement with relevant stakeholders and a good understanding of the market space we operate within.

Job Description

This Pricing Analyst will form part of a team that is responsible for the overall risk rating for Employee Benefit Risk schemes; both new and renewal business, across South Africa. The ideal incumbent should have a thorough understanding of Group Risk business for different products in for South Africa with specific knowledge of the Retirement fund industry. This includes understanding of Systems, Processes and Procedures. This individual will serve as a liaison with all internal and external stakeholders as defined per risk specialist. Holistic overview of Employee Benefit Risk Business with specific emphasis on sales, quotes and operations. The overall purpose of the role is to ensure business growth and client retention while ensuring profit expectations are achieved. This requires continued engagement with relevant stakeholders and a good understanding of the market space we operate within.

What You Will Do

• Overseeing the production of new quotes for all benefits
• Pricing and benefit design of large/complex new business opportunities
• Ensure delivery of new business quotations and pricing for renewal business is appropriately concluded
• Ongoing Development of Pricing processes
• Supporting the business development teams to grow the portfolio
• Management of existing risk book through re-rating of existing schemes
• Vulnerable schemes management (existing business)
• Negotiation with clients, reinsurers, brokers, sales team on all aspects linked to the Group Risk Business
• Attend meetings with various stakeholders as required
• Ensure effective communication between all stakeholders with a view to building and maintaining good stakeholder relationships
• Ensure accurate and timeous provision of information
• Implementation of strategic projects and business acquisitions
• Resolve escalated technical queries and complaints
• Quality control of output
• Responsible for ongoing technical development and ongoing maintenance of the quotation system in line with IT strategy including reinsurance treaty changes.

What You Will Get In Return

We offer great opportunities for personal and professional development in a stable company that is 132 years strong. The role comes with a competitive salary package and various benefits. Furthermore, you will be part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The shortlisting process will only start once the advert due date has been reached. The time taken to complete this process will depend on how far you progress within the recruitment process and the availability of our managers. Kindly note that should you not receive a response within 21 days, please consider your application unsuccessful.

Closing date: 7th September 2026

Our Commitment to transformation:

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

Job Requirements

What You’ll Bring To The Table

• Matric Certificate/Grade 12 qualification
• Bachelor’s Degree (NQF Level 7) in Business, Finance, Economics, Mathematics, Statistics or a related discipline
• Minimum of 5 years Group Risk retirement fund benefit experience – specifically involved in Quoting and Pricing activity
• Strong understanding of the group risk industry
• Strong Technical acumen skills
• Strong Customer Relationship Management skills
• Knowledge of group risk products skills.