Natural Perils Senior Pricing Analyst

Suncorp; Sydney; Hybrid; AUD 120,000 - 170,000; Full time

Benefits offered by this job

Shine platform perks

Hybrid working

Paid parental leave

Study support

Volunteer leave

Employee wellbeing programs

Job summary

Suncorp is seeking a Natural Perils Senior Pricing Analyst to develop address-level pricing models for natural risks and to establish the infrastructure and monitoring needed to assess model effectiveness. You will blend data science, environmental research, and insurance insights to influence pricing and support fair outcomes for customers.

You will work with stakeholders to turn complex risk information into practical analysis and recommendations, while managing priorities and ensuring timely

Qualifications

• A relevant tertiary qualification in an analytical discipline such as Finance, Business, Statistics, Mathematics, Natural Sciences, Engineering or Actuarial Studies.
• At least three years' experience in an insurance analytics role or a similar analytical environment.
• Strong analytical and problem-solving capability.
• Basic exposure to programming and analytical tools such as SAS, Python, R and Excel, as well as relational databases.

Responsibilities

• Build, blend and implement address-level and catastrophe pricing models for natural perils, including cyclone, bushfire, earthquake, flood, hail and storm.
• Establish monitoring processes and formally track the effectiveness of pricing changes.
• Analyse how pricing changes may affect premiums, new business, renewals, lapse and cancellation rates, concentration risk and reinsurance.
• Engage with teams across the business to share pricing knowledge and provide insights into natural peril risk and claims experience.
• Develop portfolio impact analyses, business cases and recommendations for key stakeholders.

Skills

Analytical thinking

Communication skills

Time management

Problem solving

Education

Tertiary qualification in Finance, Business, Statistics, Mathematics, Natural Sciences, Engineering or Actuarial Studies

Tools

SAS

Python

R

Excel

Relational databases

Job description

Join our Consumer Insurance Pricing and Analytics team and help shape how natural peril risks are understood, modelled and priced.

As a Natural Perils Senior Pricing Analyst, you will develop and implement address-level natural peril pricing models while establishing the infrastructure and monitoring processes needed to assess their effectiveness. This is an opportunity to combine data science, environmental research and insurance insights to influence pricing decisions and support fair, sustainable outcomes for customers.

Reporting to the Natural Perils Pricing Scientific Specialist, you will work with a broad range of internal and external stakeholders to turn complex risk information into practical analysis and recommendations.

What you’ll do

• Build, blend and implement address-level and catastrophe pricing models for natural perils, including cyclone, bushfire, earthquake, flood, hail and storm.
• Consider related factors such as demand surge and underinsurance within natural peril modelling.
• Combine data science, environmental scientific research, insurance claims experience and external expertise to develop robust pricing models.
• Establish monitoring processes and formally track the effectiveness of pricing changes.
• Analyse how pricing changes may affect premiums, new business, renewals, lapse and cancellation rates, concentration risk and reinsurance.
• Engage with teams across the business to share pricing knowledge and provide insights into natural peril risk and claims experience.
• Develop portfolio impact analyses, business cases and recommendations for key stakeholders.
• Break complex analytical problems into clear, practical components and solutions.
• Manage competing priorities and deliver high-quality outcomes within agreed timeframes.

About you

You are a highly analytical professional who enjoys solving complex problems and translating technical findings into meaningful business insights. You communicate clearly, build constructive working relationships and are motivated to continually improve how work is performed.

You will bring:

• A relevant tertiary qualification in an analytical discipline such as Finance, Business, Statistics, Mathematics, Natural Sciences, Engineering or Actuarial Studies, which is advantageous.
• At least three years' experience in an insurance analytics role or a similar analytical environment.
• A strong academic track record.
• Strong analytical and problem-solving capability.
• Basic exposure to programming and analytical tools such as SAS, Python, R and Excel, as well as relational databases.
• Strong written and verbal communication skills.
• Strong project and time-management skills.
• The ability to simplify complex problems and communicate their implications clearly.
• A commitment to building positive, constructive relationships with stakeholders.

How you’ll work

You’ll be part of a collaborative team that values accountability, curiosity and continuous improvement. You will:

• Understand what is required and deliver quality outcomes on time.
• Follow through on commitments and support fair outcomes.
• Work through challenges and raise risks early.
• listen to customers and advocate for the right outcomes.
• Look for better ways of working and identify new solutions.
• Adapt to changing business needs and learn from experience.
• Share knowledge, support colleagues and take ownership of team goals.
• Seek different perspectives and value diverse experiences.
• Celebrate team success while supporting a safe and inclusive workplace.

What You’ll Enjoy

• Access our award-winning Shine platform - your central hub for exclusive perks, wellbeing support, career development, and recognition. Shine has been recognised for excellence in employee experience, making it easier than ever to access what matters most to you.
• Opportunity to receive performance-based Incentives and Suncorp shares for eligible employees
• Hybrid working, flexible leave, 20 weeks paid parental leave, and up to 5 days paid flexible leave annually
• Paid study support, career breaks, on-the-job learning, and a $1,000 referral bonus for eligible employees
• Free wellbeing coaching, a dedicated Employee Council, and confidential EAP access
• Discounts at 900+ retailers, Fitness Passport, and reduced super fees
• Paid volunteer leave, donation matching, and unlimited emergency response leave
• Diversity is celebrated through employee resource groups and inclusive policies for all families