Specialist Pricing

Innovation Group; Johannesburg; On-site; ZAR 35 000 - 70 000; Full time

Job summary

This innovative firm is seeking a Pricing Specialist to drive competitive and profitable pricing strategies for their service and maintenance plans. The ideal candidate will leverage strong analytical skills and proficiency in data analysis tools to research and monitor pricing data. You will be responsible for developing optimal pricing models, ensuring compliance with regulations, and enhancing customer experiences. Join a dynamic team that fosters a culture of ownership and accountability, and make a significant impact on pricing initiatives in the automotive and insurance sectors.

Qualifications

• 3+ years in product cost estimation and analysis in a pricing environment.
• Strong analytical and quantitative skills required.

Responsibilities

• Develop and implement optimal pricing models for services.
• Evaluate loss ratios and maintain pricing methodologies.

Skills

Analytical Skills

Data Analysis

Financial Modelling

SQL

BI Tools

Education

Bachelor's degree in Mechanical Engineering

Equivalent NQF Level 7 Qualification

Technical Qualification in Automotive Motor Mechanic

Tools

Pricing Software

Power BI

Job description

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 :

1. Education

• Essential: Bachelor's degree in mechanical engineering, Statistics, Finance, Economics, or similar; Equivalent NQF Level 7 Qualification
• Preferred: Technical qualification in Automotive Motor Mechanic or similar field

Experience

• Essential: Minimum of 3 years in product cost estimation and analysis within a pricing environment or similar role, preferably in Automotive or Short-term Insurance Industry
• Strong analytical and quantitative skills
• Proficient in data analysis and pricing software/tools

Preferred Skills

• Financial modelling and analytical skills
• Proficiency in SQL and BI tools (e.g., Power BI)
• Knowledge of data analysis techniques and modern technology tools for pricing initiatives

Key Responsibilities

Finance :

• Develop, maintain, and implement optimal pricing models
• Determine and set pricing for Service, Maintenance, and other non-regulated products to ensure accuracy, competitiveness, and profitability
• Evaluate loss ratios and relevant factors to inform pricing models
• Maintain and update pricing methodologies for different scenarios
• Research relevant information for pricing strategies
• Present data analytics and recommendations to management
• Support ad-hoc projects as needed

Risk and Compliance :

• Identify, assess, and mitigate risks in pricing strategies and models
• Ensure compliance with internal policies and relevant regulations
• Stay updated on regulatory changes and incorporate into strategies

Customer :

• Understand business needs and promote a customer service culture
• Support new business processes in line with requirements
• Ensure SLAs are met and promote positive customer experiences

People :

• Foster a culture of ownership and accountability aligned with company values