Natural Perils Pricing Analyst

Suncorp; Sydney; On-site; AUD 90,000 - 120,000; Full time

Job summary

Suncorp is seeking a Natural Perils Pricing Analyst to support the Consumer Insurance Pricing & Analytics team. You will help shape how natural hazard risks across Australia are understood and priced, collaborating with data science, catastrophe modelling, and environmental research experts.

You will develop and enhance pricing models for natural perils such as flood, cyclone, bushfire, hail, storm and earthquake, and translate insights into practical recommendations for pricing and risk

Qualifications

• Quantitative or analytical degree required.
• Experience in insurance analytics or pricing preferred.
• Strong communication and problem-solving skills.

Responsibilities

• Develop, refine and implement natural peril pricing models across address and catastrophe levels (Flood, Cyclone, Bushfire, Earthquake, Hail, Storm).
• Integrate data science techniques, environmental research and claims insights to improve risk assessment and pricing accuracy.
• Monitor pricing changes and model performance; analyse impact on new business, renewals, retention and cancellations.

Skills

Analytical skills

Python

R

SAS

SQL

Excel

Communication

Education

Tertiary qualification in quantitative/analytical discipline

Tools

SQL databases

Job description

12 Months Full-Time Fixed Term Opportunity I Natural Perils Pricing Analyst I Suncorp Group | Sydney, NSW

Are you passionate about data, analytics, and solving complex challenges that make a real difference?
Suncorp is seeking a Natural Perils Pricing Analyst to join our Consumer Insurance Pricing & Analytics team. This is an exciting opportunity to help shape how we understand and price natural hazard risks across Australia while working alongside experts in insurance, data science, catastrophe modelling, and environmental research.

As a Natural Perils Pricing Analyst, you'll play a key role in developing and enhancing pricing models that support sustainable insurance outcomes for our customers and business. You'll use analytical thinking, innovative problem-solving, and data-driven insights to assess the impact of natural perils such as flood, cyclone, bushfire, hail, storm, and earthquake.

What You'll Do

• Develop, refine and implement natural peril pricing models at an individual address and catastrophe level, including Flood, Cyclone, Bushfire, Earthquake, Hail, Storm, Demand surge, Underinsurance.
• Combine data science techniques, environmental research, insurance claims insights, and external expertise to improve risk assessment and pricing accuracy.
• Monitor and evaluate the effectiveness of pricing changes and model performance.Analyse the impact of pricing decisions on New business, Renewals, Customer retention and lapses, Cancellation rates, Concentration risk, Reinsurance outcomes.
• Prepare business cases, portfolio impact assessments, and recommendations for senior stakeholders.
• Partner with teams across Portfolio Management, Underwriting, Claims, Reinsurance, Capital, Business Intelligence, and Corporate Affairs to provide insights on natural peril risks and claims experience.
• Communicate complex analytical findings in a clear and meaningful way to both technical and non-technical audiences.

What You'll Bring

• Tertiary qualification in a quantitative or analytical discipline such as: Statistics, Mathematics, Finance, Business Analytics, Engineering, Natural Sciences, Actuarial Studies (highly regarded).

Experience

• Experience in an insurance, analytics, pricing, or risk-focused role is preferred.
• Recent graduates with a strong academic record and relevant analytical skills are encouraged to apply.

Technical & Professional Skills

• Strong analytical and problem-solving capabilities.
• Exposure to programming and analytical tools such as Python,R, SAS, Excel, SQL and relational databases would be good to have.
• Ability to simplify complex problems and translate insights into practical recommendations.
• Strong written and verbal communication skills.
• Excellent time management and organisational abilities.
• Proven ability to build collaborative relationships with a broad range of stakeholders.

What We Offer

• Opportunity to work on some of Australia's most significant natural peril and climate-related insurance challenges.
• Exposure to advanced analytics, catastrophe modelling, and pricing methodologies.
• Career development and learning opportunities within a leading Australian insurer.
• Flexible and inclusive working environment.
• Collaborative culture focused on innovation and continuous improvement.

Explore our full benefits

Why Join Suncorp?

At Suncorp we believe we are 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.
Suncorp Group employee benefits are designed to support, empower and reward our people. Make working, work for you.

If you require any support and adjustments to participate equitably in our recruitment process or in the workplace, we encourage you to contact ***************@suncorp.com.au for a confidential conversation. To apply for this opportunity, please submit your application directly via the link provided.