Pricing Analyst

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

Job summary

Suncorp Group in Melbourne is seeking a Commercial Insurance Short Tail Pricing analyst to develop pricing solutions, support portfolio growth and profitability through hands-on pricing analysis, predictive modelling, and governance across pricing strategy.

You will contribute to improve pricing effectiveness, simplify processes and strengthen analytical capability across pricing systems, tools and methodologies.

Qualifications

• Degree in IT, Mathematics, Science, Business or Actuarial Studies (desirable).
• Around 12 months of relevant insurance, finance or statistical modelling experience preferred.
• Strong analytical and problem-solving skills to interpret information and develop practical solutions.
• Knowledge or experience with SAS, Excel or R; Python, C or VBA also advantageous.
• Basic understanding of finance and key business drivers when interpreting relevant reports.
• Clear communication and ability to prioritise work with limited supervision.

Responsibilities

• Develop pricing frameworks that improve risk selection and support business goals.
• Prepare pricing recommendations and implement approved price changes accurately and promptly.
• Monitor pricing metrics and analyse portfolio performance against targets and strategy.
• Deliver pricing initiatives with Pricing, Portfolio, Actuarial, Finance, Claims and Distribution.
• Provide technical support for pricing model methodologies, implementation and testing.
• Improve pricing processes, methods and rating factors to strengthen profitability.

Skills

Pricing analytics

Problem solving

Communication

Analytical thinking

Education

Degree in IT/Math/Science/Business/Actuarial Studies

Tools

SAS

Excel

R

Python

Job description

About the RoleJoin our Commercial Insurance Short Tail Pricing team to develop pricing solutions that support sustainable portfolio growth and profitability. You will contribute hands-on pricing analysis, predictive modelling, portfolio monitoring and governance across the Commercial Insurance strategy. Your work will help optimise portfolio performance and support sustainable profit outcomes over the short, medium and long term. You will also help improve pricing effectiveness, simplify processes and strengthen analytical capability across pricing systems, tools and methodologies.

What You'll Do

• Develop pricing frameworks that improve risk selection and support business goals
• Prepare pricing recommendations and implement approved price changes accurately and promptly
• Monitor key pricing metrics and analyse portfolio performance against pricing targets and strategy
• Deliver pricing initiatives with Pricing, Portfolio, Actuarial, Finance, Claims and Distribution
• Provide technical support for pricing model methodologies, implementation and testing
• Improve pricing processes, methods and rating factors to strengthen risk selection and portfolio profitability

What You'll Bring

• Bring a relevant degree in IT, Mathematics, Science, Business or Actuarial Studies, which is desirable
• Apply around 12 months of relevant insurance, finance or statistical modelling experience, which is preferred
• Use analytical and problem-solving skills to interpret information, identify issues and develop practical solutions
• Bring knowledge or experience with SAS, Excel or R, with Python, C or VBA also advantageous
• Apply a basic understanding of finance and key business drivers when interpreting relevant reports
• Communicate technical information clearly and prioritise work effectively with limited supervision

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.

If you require any support and adjustments to participate equitably in our recruitment process or in the workplace, we encourage you to contact [e-mail] for a confidential conversation.