Pricing Head

FirstRand Bank Limited; Johannesburg; On-site; ZAR 500 000 - 600 000; Full time

Job summary

A leading financial institution in Johannesburg seeks a strategic Pricing Manager to lead the development of pricing strategies and drive product launches. The role requires extensive experience in financial modelling and team management, focusing on compliance and efficiency. Ideal candidates will hold a relevant qualification, possess a strong understanding of pricing models, and have robust analytical skills. Join us and play a vital part in enhancing customer experience and driving business value.

Qualifications

• 5+ years in financial modelling, credit and pricing in financial services with 3 years leading a team or 8+ years in a Data Analytics environment.
• Team or people management experience.

Responsibilities

• Develop and maintain a pricing strategy aligned with business objectives.
• Support the launch of new products and enhancements.
• Drive alignment with credit risk, treasury, and finance teams.
• Ensure compliance with regulatory requirements.
• Oversee model input approvals and Pricing Committee management.
• Streamline pricing processes to enhance efficiency.

Skills

Risk product knowledge

Compliance knowledge

Financial analysis

Pricing modelling

General business acumen

Negotiating skills

Credit products

Credit strategies

Education

Relevant undergraduate qualification in Science, Mathematics, Financial Mathematics, Financial Engineering, Statistics, Computer Science, Actuarial Science

Actuarial Science preferred

Job description

Description

To create the vision, culture and strategic direction for the Department and contribute to the business overall strategy. To manage a portfolio of products and services across a Pricing Function or Franchise through effective delivery of advanced mathematical models and pricing solutions thereby enhancing customer experience and grow business value. To provide support in the successful management of the pricing and profit margins written on new and existing business. To influence the behavior of a technical team by leading and directing a team of analytically minded resources to ensure the Banks financial performance is enhanced by exceeding agreed performance objectives.

• Develop and maintain a pricing strategy aligned with overall business objectives, ensuring competitiveness and sustainability.
• Support the launch of new products and enhancements, integrating business unit growth strategies and risk appetite considerations.
• Drive alignment with credit risk, treasury, and finance teams to ensure pricing reflects risk, cost, and profitability dynamics.
• Ensure all pricing structures adhere to regulatory requirements, internal policies, and governance frameworks.
• Oversee model input approvals, technical model signoffs, and Pricing Committee management.
• Maintain oversight of pricing mandates and exception reports, ensuring consistency and compliance.
• Drive training initiatives to embed a strong culture of pricing governance within the organisation.
• Streamline pricing processes to enhance efficiency and customer experience.
• Oversee the implementation of pricing tools/systems driving the pricing on platform journey.
• Leverage automation and digital capabilities to improve pricing accuracy and responsiveness.
• Utilise data analytics to drive insights into customer behaviour, market trends, and pricing effectiveness.
• Monitor the accuracy of expected vs. actual profitability, ensuring data-driven decision-making.
• Optimise fee structures to ensure fairness, competitiveness, and consistency across segments and systems.
• Develop relationship pricing strategies that enhance customer lifetime value and revenue optimisation

Qualification

• Relevant undergraduate qualification in a Science discipline, Mathematics, Financial Mathematics, Financial Engineering, Statistics, Computer Science, Actuarial Science
• Actuarial Science is preferred

Experience

• 5+ years financial modelling, credit and pricing in the financial services industry with three of those leading a team
• OR
• 8+ years in Data Analytics environment
• Team or People Management Experience

Knowledge and Skills

• Risk product knowledge
• Compliance knowledge relating to regulatory and legislative requirements
• Financial analysis and interpretation
• Pricing modelling
• King IV
• General business acumen and negotiating skills
• Credit products and channels
• Credit strategies and levers

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

28/01/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.