ActuarySenior Pricing Advisor
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Posted on:
Yesterday
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1 Vacancy
Job Summary
Actuary/Senior Pricing Advisor
Job No: 678507
Sydney - Inner Suburbs & CBD Brisbane - Inner Suburbs & CBD Melbourne - Inner Suburbs & CBD
Max Term Full Time
Analyst Insurance
Pay Band 5
- Subject matter expert on Commercial Pricing algorithms to support delivery of end to end pricing capability in new systems
- Support pricing planning and recommendations
- Sydney Brisbane or Melbourne location hybrid office/ work from home
- Permanent role
The purpose of the Actuary/ Senior Pricing Advisor role is to develop and integrate end-to-end pricing capability and insights across Commercial Insurance corporate lines products for our digital transformation project. The products may include Equipment Breakdown Fleet Motor Corporate Property Professional & Financial Lines Corporate Liability). Specifically for transformation this includes scoping planning developing and supporting the build of the pricing into the new pricing systems and policy administration system considering testing requirements to ensure sign off.
More generally this would encompass collaborating with multiple other teams and stakeholders both internal and external to Pricing and Suncorp; timely escalation of issues; removing blockages to performance; simplification of processes.
What youll do:
- Develop deep understanding of existing rating algorithms for Commercial products and their current limitations
- Design and specify pricing requirements for new pricing systems including requirements for policy lifecycle statutory charges and testing of the new system
- Support Pricing planning and recommendations by contributing to pricing plans
- Proactively manage and collaborate with a diverse range of stakeholders to ensure correct translation of pricing requirements timely delivery and risk management is followed even in a changing environment.
- Actively collaborate with various other Pricing teams to build enhance and maintain Pricing data capabilities and data libraries.
What youll bring:
- Minimum of 5 years of experience in the general insurance industry working closely with end-to-end pricing solutions
- Strong knowledge of Commercial Insurance Products and Pricing of key business drivers
- Understanding of actuarial IBNR/IBNER P&Ls reinsurance structures and statutory charges
- Understanding of policy lifecycle and the impact on premium calculations
- Strong time management and planning skills
- Ability to recognise understand and support the need for change and anticipated impact on both the team and self adaptable and responsive to a continuously changing environment.
What we can offer you
- Discounts of up to 25% on our various Insurance Banking & Superannuation products
- Flexible working environment and arrangements; genuine focus on work-life balance
- Numerous discounts with our corporate partners (retail & shopping / travel & holiday / health & wellbeing)
- We offer support and various programs for our people: (Employee Assistance Program (EAP) Referral Program ($600) Facilities for nursing mothers Years of Service Recognition)
Employee benefits Suncorp Group
If this opportunity sounds like the challenge you have been looking for please apply online today or for more information please contact
At Suncorp we build inclusion by providing an environment where everyone can be themselves and feel valued involved and respected for their perspectives and contribution.
We believe we are at our best when our workforce is as diverse talented and passionate as the communities in which we live and operate and where our people feel included valued and connected. We are passionate about inspiring our people by creating a diverse accessible and inclusive culture offering flexible work career development and internal mobility and building connected relationships amongst our team members and with our customers.
If you require any support and adjustments to participate equitably in our recruitment process or in the workplace we encourage you to contact for a confidential conversation.
Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Daylight Time
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Senior IC
Key Skills
- Microsoft Access
- Financial Concepts
- Tableau
- Federal Aviation Regulations
- Pricing
- Analysis Skills
- Cost Accounting Standards
- Microsoft Excel
- Financial Modeling
- SAS
- Contracts
- Analytics
