Pricing Analyst

Suncorp Group; Victoria; Hybrid; AUD 90,000 - 120,000; Full time

Benefits offered by this job

Shine platform perks

Performance incentives & Suncorp share

Hybrid working

Paid parental leave

Study support

Wellbeing coaching

Volunteer leave

Discounts at retailers

Job summary

Suncorp Group is seeking a Pricing Analyst to join the Commercial Insurance Pricing team in Australia. You will contribute to pricing models for SME Packages, Strata and Non-Fleet Motor portfolios, performing analytics, predictive modelling and data capabilities to support portfolio growth and profitability.

You will work with Senior Pricing Advisors and stakeholders to deliver pricing recommendations, enhance modelling capabilities and maintain pricing infrastructure, while exploring automation

Qualifications

• Degree in Statistics, Actuarial Studies, Business Analytics or related field.
• 12+ months relevant pricing/insurance experience preferred.
• Knowledge of GLMs/GBMs and machine learning approaches.
• Ability to interpret complex datasets and derive practical solutions.
• Experience with SAS and/or R; Python/SQL/Excel advantageous.

Responsibilities

• Develop pricing frameworks and recommendations to improve risk selection and align with business goals and budgets.
• Support implementation and monitoring of pricing changes for accuracy and timeliness.
• Maintain pricing infrastructure and develop modelling-ready datasets.
• Assist in pricing initiatives leveraging data science, automation, and AI.
• Provide technical support on pricing model methodologies and testing.
• Prepare pricing papers and communications for stakeholders.
• Identify opportunities to leverage data science to improve pricing processes.

Skills

GLMs/GBMs

Statistical modelling

Data analysis

SAS

R

Python

SQL

Excel

Communication

Education

Bachelor's degree in Statistics, Actuarial Studies, Business Analytics or related field

Tools

SAS

R

Python

SQL

Job description

Job Description

About the Role

Join our Commercial Insurance Pricing team to support pricing models and develop solutions across our SME Packages, Strata and Non-Fleet Motor portfolios. You will contribute hands-on pricing analysis, predictive modelling and data capabilities to support sustainable portfolio growth and profitability. Working closely with Senior Pricing Advisors, Pricing Managers and key stakeholders, you will help deliver pricing recommendations, enhance modelling capabilities and maintain pricing infrastructure. You will also play a role in integrating data science with traditional pricing methods, identifying opportunities to simplify, automate and improve pricing solutions across the business.

What You'll Do

• Develop pricing frameworks and recommendations that improve risk selection and align pricing strategies with business goals and brand budgets
• Support the implementation and monitoring of pricing changes to ensure accurate and timely delivery
• Maintain existing Commercial pricing infrastructure and support the development of modelling-ready datasets
• Assist in delivering pricing initiatives that explore and enhance internal and external data and modelling capabilities
• Provide technical support on pricing model methodologies, implementation and testing
• Prepare pricing papers and analysis to support recommendations and communication with key stakeholders
• Identify opportunities to leverage data science, automation and AI to improve pricing processes and analytical capabilities

What You'll Bring

• Bring a relevant degree in Statistics, Actuarial Studies, Business Analytics or a related field
• Apply at least 12 months of relevant experience, ideally within the insurance industry and working across end-to-end solutions
• Demonstrate knowledge of business modelling techniques, including GLMs, GBMs and other machine learning approaches
• Bring strong analytical and problem-solving skills, with the ability to interpret complex datasets, identify key issues and develop practical solutions
• Have experience with SAS and/or R, with Python, SQL and Excel also advantageous
• Demonstrate experience working with large and complex datasets
• Communicate technical information clearly and confidently, both verbally and in writing
• Adapt to a changing environment, manage competing priorities and work effectively with limited supervision
• Show curiosity and initiative in exploring how AI and emerging technologies can create efficiencies and solve business problems

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

Explore our full benefits

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.