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Head: Product & Pricing

Date: 23-Jul-2021

Location: Cape Town WC ZA, ZA

Company: Liberty Group Limited

Head: Product and Pricing

Product and Marketing

Liberty Health

 

Primary Function

To ensure the profitability, sustainability and growth of the Liberty Health Cover solutions through appropriate pricing of products, guidance on provider tariff negotiations and experience monitoring.

 

Outputs

  • To take ownership of the full product development and pricing function for Liberty Health Cover Standard product suite:
    • Annual product and benefit reviews
    • Consolidation of macro-economic drivers and claims inflation into a "house view"
    • Recommend quarterly premiums on a bi-annual basis to product committee
    • Ensure appropriate documentation and distribution of policies
  • Analysis and reporting:
    • Ongoing experience monitoring to assess the performance of the product suite across the continent, making appropriate risk management recommendations
    • To provide actuarial and statistical analysis to support member care initiatives including tariff negotiations, alternative reimbursement models, provider and member profiling etc.
  • Financial reporting and planning:
    • Support Monthly / Quarterly reserving, reporting and forecasting for internal committees
  • Data and Actuarial Models:
    • Drive the development and maintenance of appropriate data and actuarial models to improve the efficiency and effectiveness of delivery
    • Ensure upkeep of documentation of actuarial models and policies
  • To provide supportive leadership to staff ensuring effective management of people and actively motivating staff to achieve results.
  • Product Development:
    • Actively contribute to the actuarial product committee through structured engagement with key internal and external stakeholders and make recommendations on benefit enhancements and risk mitigation strategies
    • Oversee and sign off on renewal terms for clients on standard policies
    • Oversee and guide the creation and implementation of bespoke solutions for clients where appropriate
    • Ensure that the product suite meets clients’ needs while ensuring the profitability and efficiency of Liberty Health
  • Key broker and client management
    • Provide consulting support to key international brokers and clients

 

Internal                                                                           External

Executive Team                                                             Clients and Brokers

Managers across the business                                   Healthcare providers

Business development Team                                     Regulators

Member Care (Clinical and Medical Directorate) Actuarial colleagues

 

Decisions

Statistical, data and actuarial analysis and its alignment with business strategy

Size, composition and utilisation of budget

Operational structures and implementation of operating strategy

Risk management

Team and people management

 

Knowledge                        Level (Basic, Intermediate, Advanced)

Healthcare industry         advanced

Actuarial principles          advanced

Predictive modelling       intermediate

Health regulations           Intermediate

 

Skills                                                                  Level (Basic, Intermediate, Advanced)

Communication (verbal & written)             advanced

Analytical Thinking                                         advanced

Business development                                  intermediate

Facilitation of problem solving                    advanced

Problem solving                                             advanced

Conflict resolution                                         intermediate

Commercial acumen                                     advanced

 

 

Education                                                        Essential / Advantageous

Professionally Qualified Actuary                Essential

Healthcare practising certificate                Advantageous

 

Type of Experience                                       Industry                             Years     Essential / Advantageous

Actuarial experience                                     Health / Insurance           7 - 10     Essential

Actuarial healthcare experience                Health                                 5 - 7       Essential

Senior Management                                     Health / Insurance           3 – 5      Essential

Predictive modelling                                     Health / Insurance           3 - 5       Advantageous

 

Behavioural Attributes

Analysing

Delivering Results and Meeting Customer Expectations

Entrepreneurial and Commercial Thinking

Formulating Strategies and Concepts

Leading and Supervising

Persuading and Influencing

Presenting and Communicating Information


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