Natural Perils Pricing Actuary

About the Role

As a Natural Perils Pricing Actuary, you will play a crucial role in guiding insurance pricing decisions by delivering expert analysis, comprehensive modeling, and insightful understanding of natural peril risks. Situated in Sydney (or Brisbane), this senior technical position supports the Pricing team as well as the broader company through precise, data-driven actuarial analysis and advice.

Key Responsibilities

• Develop innovative pricing models specifically focused on natural peril insurance risks.
• Offer authoritative actuarial advice emphasizing technical accuracy, integrity, and constant improvement.
• Interpret and synthesize data from multiple sources to solve complex problems related to pricing and risk.
• Manage and analyze data rigorously, extract insights, and apply sound commercial judgment.
• Implement and monitor rating modifications within live pricing systems, including comprehensive testing and evaluation of impacts.
• Conduct routine and ad hoc reporting to support ongoing business needs.
• Communicate analysis results and recommendations clearly to both technical and non-technical stakeholders.
• Support the broader business by addressing technical inquiries regarding pricing and natural peril risks.
• Engage collaboratively with internal teams such as underwriting, sales, marketing, and IT to enhance analytical outcomes.
• Ensure timely and reliable delivery of data through platforms like SAS, EDW, GCP, and Data Lake.
• Evaluate and recommend enhancements to pricing infrastructure and external data integration.
• Adhere strictly to all pricing policies and procedures while mentoring junior team members.
• Perform user acceptance testing on IT changes to identify potential issues before deployment.

Required Qualifications and Experience

• At least five years of experience in general insurance pricing.
• Proven expertise in pricing natural perils risks and critically assessing related data sources.
• A degree in mathematics, actuarial studies, data science, or an equivalent discipline.
• Programming proficiency with tools such as SAS, R, Python, and Google Cloud Platform to develop sophisticated models.
• Strong analytical and problem-solving capabilities.

Preferred Skills

• Outstanding written and verbal communication skills, with an ability to translate complex technical information for varied audiences.
• Exceptional attention to detail, focusing on work traceability and governance standards.

Employee Benefits and Perks

• Performance recognition including bonuses and various rewards.
• Access to an employee reward platform offering personalized rewards, peer recognition, and exclusive discounts at over 600 retailers.
• Flexible work arrangements, including up to two days of remote work weekly.
• Additional leave options, including volunteer days, a paid personal day (“ME” day), parental leave, and the ability to purchase extra leave.
• Professional development and learning opportunities tailored to individual career growth.
• Community involvement initiatives through volunteering, fundraising, and donations.
• Wellbeing support including mental health resources, a healthy lifestyle hub, and fitness discounts.
• Regular company events, family fun days, and celebrations.
• Exclusive discounts on insurance and retail products nationwide.

Company Overview

Auto & General is among Australia's fastest-growing major insurers offering motor and home insurance products under brands like Budget Direct and in partnership with companies such as ING, Qantas, and Coles Insurance. The company is committed to inclusivity and fostering a welcoming workplace environment.

Additional Information

• Applicants should note that Auto & General discourages unsolicited approaches from recruitment agencies.