Job Details
Standard Bank is the largest bank in Africa and our highly visible brand, award-winning service, and strong global presence helps us maintain our market-leading position. We place huge value on the talent of our people to drive our continued success, and to support our plans for growth. We now need a talented and resourceful individual to help us fulfill our business objectives and build customer loyalty.
Job Purpose
•To build accurate pricing and profitability models in line with the PBB RoE Policy and Guidance.
•To ensure VAF front line is equipped with pricing mandates to enable appropriate decision making and ensure that pricing in the front-line stacks against budget expectations.
•To develop, enhance, manage, provide support and clarification to all key relevant internal and external stakeholders when executing financial models and projects
•To ensure the effective implementation and communication of financial modeling (and changes) to all key internal and external stakeholders
•To develop and implement Taxi pricing and profitability strategies within the Dealer and Automotive space.
•To ensure all pricing guidelines are available and accurate for the front line.
Key Responsibilities/Accountabilities
Finance
•Participate in pricing management related projects and initiatives (e.g., technical modelling where customers choose own pricing in future).
•Understand and analyze key financial metrics – HE, EP, NIR, NII, ROE, Asset and Liability Growth, C:I, NIR: Expenses, Jaws
•Risk identification, understanding financial trends, competitive environment and their impact on the pricing/product/segment strategy
•Understand and keep up to date with industry changes to incorporate into financial models; Keeps abreast of global pricing practices, modelling and developments
Customer
•Conduct modelling and analysis to enable the Pricing teams to support the front line. This includes:
•Product/Segment pricing inputs
•Product/Segment mix
•Distribution mix (i.e. the channels customers choose to interact with us)
People
•Support Sales functions in front line.
•Integrate modelling enablement functions in front line
•Presentations of models promoting innovative ways of ensuring profitability of initiatives
Process
•Support Vehicle and Asset Finance in steering the transition of the ‘old’ to the new way of work in support of the provinces (e.g., pricing matrix model development).
•Ensure effective implementation of modelling across Retail Enablement
Risk
•Support Vehicle and Asset Finance in steering the transition of the ‘old’ to the new way of work in support of the provinces (e.g., pricing matrix model development).
•Act on the feedback received from the front line in order to improve pricing capabilities and options per segment / customer needs.
•Identify opportunities for reduction in revenue leakage
Measurements
•Appropriate use of tools to enable decision making on pricing strategies
•Model development - define and refine parameters for model development.
•Accurate and meaningful data analysis is provided that informs customer / product pricing strategy, product development and decision-making
•Deliver and present a final report of complete business and financial models to stakeholders. Obtain sign-off and buy-in from business areas.
•Models accurately reflect the transactional levels, costs and trends in the business areas and are delivered within the agreed timelines. Adoption of models into business areas.
•Back-testing the model outputs to actual business performance (i.e., comparison of models to actual business performance).
•Accurate modeling to support pricing strategies
•Reduction in revenue leakage
•Practical and accepted qualitative and quantitative models that meet stakeholder requirements
•Quality and analysis of recommendations as gauged by stakeholders
Preferred Qualification and Experience
Qualifications
Finance and Accounting Honours Degree
Mathematical Sciences Honours Degree
Actuarial Science; CAIA; CFA
Experience
1-2 Years Experience in the design and development of customer value propositions.
1-2 Year Proficient in the application of data management, advanced analytics, business intelligence and quantitative environment
1-2 Years Knowledge of general Retail Banking practices, procedures, systems, services and relevant legislation and regulations
1-2 Years Understanding of product profitability and usage trends
3-4 Years Proficient in the application of data management, advanced analytics, business intelligence and quantitative environment
3-4 Years Understanding of product profitability and usage trends
