Natural Perils Pricing Actuary

Auto & General Australia; Sydney; On-site; AUD 150,000 - 230,000; Full time

Benefits offered by this job

Work from home option

Volunteer days

Parental leave

Learning and development

Wellbeing support

Employee discounts

Job summary

Auto & General (A&G) in Australia invites an experienced Natural Perils Pricing Actuary to join our Pricing team in Sydney or Brisbane. You will support pricing decisions through robust data analysis, modelling, and technical review of natural peril risks, partnering with underwriting, risk and IT.

This senior role requires deep actuarial expertise, with a focus on data sources, model development, and communication of insights to senior management.

Qualifications

• Minimum 5 years’ experience in general insurance pricing
• Demonstrable experience in natural perils risk pricing and evaluation of data sources
• Degree in mathematics, actuarial studies, data science or similar
• Programming knowledge (SAS, R, Python, GCP) for model development
• Proven analytical and problem-solving skills

Responsibilities

• Develop industry-leading pricing solutions for natural peril risks
• Provide pivotal actuarial advice with technical excellence and governance
• Analyse and extrapolate data from multiple sources to resolve complex issues
• Implement rating changes to live pricing systems with testing and monitoring
• Prepare and present papers to communicate results to technical and non-technical audiences
• Mentor and guide junior team members

Skills

General insurance pricing

Natural perils risk pricing

Data source evaluation

Programming (SAS/R/Python/GCP)

Analytical skills

Communication skills

Education

Degree in mathematics / actuarial studies / data science

Job description

Brief Description

Drive impactful pricing decisions with expert analysis, modelling, and insight into natural peril risks.

The role

The Natural Perils Pricing Actuary will support the Pricing team and company on insurance pricing decisions through robust, accurate and timely data driven analysis and insight. This senior technical role supports the pricing, underwriting and risk management of natural peril risks through data analysis, modelling, technical review, research of emerging data and methods, and providing appropriate advice to senior management.

Location:

Sydney or Brisbane

What Experience You’ll Bring

General

• Develop industry-leading pricing solutions for natural peril risks
• Provide pivotal actuarial advice and support, with a focus on technical excellence, integrity and continuous improvement
• Analyse, interpret, and extrapolate data from a number of sources to resolve complex issues
• Manage data, conduct complex technical analysis, draw insights and apply commercial acumen
• Implement rating changes to the live pricing system, including testing and post-live monitoring, and quantify the expected impact on the portfolio.
• Perform regular and ad-hoc reporting
• Prepare and present papers to communicate results, insights, and recommendations to technical and non-technical audiences.
• Support wider business with technical queries related to pricing and natural peril risk.
• Engage key stakeholders, communicate findings and recommend next steps
• Collaborate with analytical colleagues across the company (e.g. underwriting, sales, marketing, IT)

SAS/EDW/GCP/Data Lake

• Ensure data is delivered in a timely and robust manner
• Consider and evaluate improvements to pricing infrastructure as it relates to external data (e.g. new functionality, alternate software platforms)
• Engage with business to enhance the value and utilisation of data for pricing and other use cases

Other

• Perform other reasonable and relevant activities as requested from time to time to meet operational requirements.
• Adhere to all pricing policies and procedures
• Test IT changes and effectively identify potential issues before go-live
• Mentor and guide junior team members.

Essential

What You’ll Bring to the Team

• Minimum 5 years’ experience in general insurance pricing
• Demonstrable experience in natural perils risk pricing and critical evaluation of associated data sources
• Degree qualified in mathematics, actuarial studies, data science or similar
• Programming knowledge (e.g. SAS, R, Python, GCP) for sophisticated model development
• Proven analytical and problem-solving skills

Desirable

• Excellent written and verbal communication skills, particularly for translating technical insights to diverse audience
• Excellent attention to detail with emphasis on work traceability and governance

Our Perks

The Benefits Of Working At A&G

• Be rewarded - we recognise high performance and reward our people for their hard work through bonuses and other perks.
• Access to A&G’s employee reward and recognition platform, powered by Rewards Gateway - Enjoy a wide range of benefits, including:
  • Personalised rewards and peer-to-peer recognition
  • Exclusive discounts and savings across more than 600 top retailers
  • A comprehensive recognition program that celebrates milestones and achievements - helping you feel valued every step of the way
• Work flexibility - with options to work from home up to two days per week.
• Options for leave - life happens, so we've got volunteer days, an additional paid 'ME' day, paid parental leave and the opportunity to purchase additional leave to cover all of the big stuff.
• Grow with us - we've got learning and professional development opportunities to suit everyone.
• Give back - our A&G Difference program gives you the power to change our community for the better through volunteering, fundraising and donation opportunities for causes that you're passionate about.
• Take care of yourself - your wellbeing is important to us and our healthy mind and body hub, mental-health support and fitness discounts will help you be your best self.
• Celebrate the wins - we love sharing our successes and celebrating together - join us and you've got a ticket to our many on-site events throughout the year, family fun days and annual celebrations.
• Save money - as well as discounts on insurance products, we've teamed up with some incredible retailers, hospitality providers and others to bring you discounts on your purchases, no matter where you are in Australia.

About Us

Auto & General (A&G) is the fastest-growing major Motor and Home insurer in Australia, providing insurance products and solutions to safeguard a brighter future for our customers and community.

Our range of general insurance products including Car, Motorcycle, Home, Contents Pet and Travel products are delivered through our multi-award-winning brand Budget Direct and partnerships with leading brands - ING, Qantas and Coles Insurance.

We’re excited about the future and we’re always on the lookout for talented, passionate individuals who can help us achieve our goal of being Australia’s best insurer! If this sounds like you,

Auto & General values individual differences and believes in fostering an inclusive culture that creates a great place to work for all.

• A note from Auto & General to recruitment agencies: We politely ask that you avoid making any approaches or sending any unsolicited resumes to our Recruitment Team or Hiring Leaders across our business. Auto & General is not responsible for any fees related to unsolicited resumes