Acquisition and Pricing Analyst

Absa Group; Johannesburg; On-site; ZAR 350 000 - 450 000; Full time

Job summary

A leading banking institution seeks an experienced professional to support the acquisitions and pricing manager in developing and monitoring pricing and profitability strategies for Personal Loans products. The ideal candidate will have a background in data analysis, with strong analytical skills and experience in SAS or SQL programming. This role requires collaboration with stakeholders and involves producing insightful reports on key performance indicators.

Responsibilities

• Support the acquisitions and pricing manager in strategy development.
• Monitor and track management information of profitability strategies.
• Engage with stakeholders to drive objectives of Personal Loans.
• Produce and analyse monthly MI to provide insights.
• Investigate unresolved customer complaints.

Skills

Understanding of acquisition strategies or pricing strategies or credit risk modelling

Strong analytical or modelling skills

2 years’ experience in data analysis utilizing a standard statistical package

SAS Programming or SQL programming

Advanced Excel

Problem Solving

Communication, Networking and People skills

Education

Bachelor Honours Degree: BMI - Business Management and Informatics

Bachelor Honours Degree: Statistics

Bachelors Degree and Professional Qualifications: Risk Management

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

In this role, you will support the acquisitions and pricing manager to develop, implement and monitor the effectiveness of the underwriting, pricing and profitability strategies for the Personal Loans products. For pricing and profitability, this includes usage of the Profitability Model to monitor expected profitability of new business, estimate total book profitability and facilitate changes to the pricing strategy. For acquisitions, this includes using internal scorecards, bureau scores and alternative data model scores (among other risk factors) to optimize credit risk decisioning and risk-based pricing capabilities. Additionally, the role includes monitoring and tracking management information (MI) of strategies and developing reports to highlight trends to management within the Portfolio.

Job Description

Strategy Design & Analysis

Develop data driven strategies within the Personal Loans Acquisitions, Pricing and Profitability team.

• Develop, review, implement, monitor and challenge customer underwriting strategies and pricing and profitability strategies.
• Ensuring that the above strategies are inline with the risk appetite, which include but not limited to maintaining Loan Loss Rate (LLR’s), Return on Regulatory Capital (RoRC’s) and default rates are within risk thresholds.
• Review and implementation of policy and business rules to assist with mitigating risk in the underwriting strategies.
• Develop alternative acquisition and profitability strategies by making use of alternative data or alternative methodologies.

Stakeholder Holder Management

• Liaise and support product/business stakeholders and senior leadership to drive overall objectives/goals of Personal Loans.
• Engage with credit risk modelling team to collaborate during model developments and ensure that the models are appropriate for underwriting, pricing and profitability strategies.
• Engage with portfolio analytics and impairments team to ensure that the strategies are in line with the overall risk appetite.
• Support and engage with the relevant MI teams to ensure that key data and analysis performance is reported.

· Liaise with operational/implementation areas to ensure strategies are working optimally.

Reporting and MI

• Produce & analyse monthly MI, to provide insight to support areas of potential concern & develop remedial action plans.
• Provide support and assist with affordability and reckless lending reports.
• Exception reporting, ensure that the strategies are implemented as correctly on IT systems.
• Manage strategy sign-off process to ensure all stakeholders are informed of proposed strategy changes and ensure all strategies comply with Bank's credit risk policies & framework.
• Produce ad-hoc analysis reports on specific credit risk requests.

Customer Complaints Management

• Investigate & resolve unresolved customer complaints escalated for final decisioning. Provide prompt & clear feedback to source of complaint.
• Support and engage with the Credit lending team on customer escalations.

Experience and Skills

• Understanding of acquisition strategies or pricing strategies or credit risk modelling.
• Strong analytical or modelling skills.
• 2 years’ experience is required, in data analysis utilizing a standard statistical package such as SAS.
• SAS Programming or SQL programming.
• Advanced Excel.
• Problem Solving.
• Communication, Networking and People skills.

Education

• Bachelor Honours Degree: BMI - Business Management and Informatics (Required).
• Bachelor Honours Degree: Statistics (Required).
• Bachelors Degree and Professional Qualifications: Risk Management (Required).

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.