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Group Pricing Actuary

Our client is looking for an experienced actuarial analyst or newly qualified actuary with a sound understanding of insurance products and well-developed skills in modelling, data analysis and report writing.

Reporting to the Group Pricing Manager, this position will play a crucial role in the management of key Industry Superannuation Fund clients, as well as the tendering for new business opportunities.

If you are a driven actuarial analyst eager to develop your pricing career in a dynamic business environment, then this role is for you.

Principal Responsibilities:

  • Carry out pricing and experience analysis (quantitative and qualitative) on existing and new business tenders.

  • Support the Group Pricing Manager by preparing client presentations, providing valuable pricing insights to Industry Superannuation Fund executives.

  • Develop, maintain, use and supervise pricing and experience analysis models.

  • Support the Group Pricing Manager to ensure pricing meets corporate profitability targets and relevant corporate and regulatory standards.

  • Support the development of new product designs by providing actuarial pricing judgement.

  • Maintain a strong relationship with line of business staff to support insurances processes.

  • Engage and manage reinsurance partnerships.

  • Compile and maintain documentation of pricing decisions, methodology and assumptions.

  • Maintain good working knowledge of the relevant product, market and regulatory environment in Australia.

  • Consult with underwriters, product managers, lawyers and claims managers where necessary.

  • Develop, share knowledge and skills with actuaries and other staff.

Knowledge/Skills/Competencies Required:

  • Excellent analytical and problem solving skills

  • Good understanding of insurance

  • Strong research, analytical and modelling experience

  • Skilled in managing large data sets - Alteryx and/or coding experience desirable

  • Excellent communications (oral and written)

  • Self-reliant team player with ability to work and collaborate with others in teams

  • Accuracy and attention to detail

Qualifications Required:

  • Degree in Actuarial Sciences, mathematics or related field

  • More than 4 years of experience in related actuarial business roles

  • Excellent numerical skills

  • Skilled with applications such as Excel, PowerPoint, Word and ideally Alteryx (or equivalent)

  • Exam progress - minimum completion of Part I, Part II exams and one Part III exam with Actuaries Institute or equivalent body