Actuarial Analyst

Suncorp Group are currently seeking an Actuarial Analyst to join Model Activate & Analytics Division based in Melbourne.The Actuarial Analyst works in the Model Activate & Analytics team within the Pricing & Analytics Department to provide Pricing and Analytical service to Consumer Insurance business. This position contributes to the Pricing & Analytics team's purpose of supporting the business to improve product profitability and the financial control of the insurance products. The team covers the pricing analytics work for Consumer line Insurance business.What you'll do:

• Use state-of-art internal Modelling Infrastructure to develop and enhance statistical and machine learning predictive models. This can be Risk Models, Demand Models and Competitor Models. Identify, investigate and introduce new way of modelling with the objective of improving model accuracy for better prediction
• Improve risk selection and apply the insights of customer and market to formulate the best pricing offering to meet the business objectives and customers' needs
• Undertake price comparison with competitor brands to align with company's brand strategy. Monitor competitors' pricing movement, market share and applied all relevant information into pricing recommendations and proposals
• Work with Senior Actuarial Advisors to develop, recommend and implement optimised pricing solution to achieve financial and non-financial business objectives
• Apply the thorough understanding of the insurance data assets to extract and manipulate data for business analysis purpose
• Address and solve the specific analytical and modelling aspects of problems.
• Provide Pricing and Analytical advice to business customers

What you'll bring:

• Bachelor's degree in data science, Actuarial, Statistics, Engineering, Mathematics, Econometrics and Computer Science etc. Mandatory
• Experience with general insurance Analytical or Pricing related field of work, desired but not mandatory
• Experience in using SAS and R are essential. Other programming languages such as Python, SQL are desirable
• Experience is Earnix is desirable.
• Analytical thinking, with the ability to analyse data and identify key issues and develop solutions and drive data-based decisions.
• Ability to work effectively within a team environment
• Results oriented, self−motivated with the ability to work in a fast-paced project environment
• Effective communication, stakeholder engagement and interpersonal skills.

What we can offer youSuncorp's employee benefits are designed to support, empower and reward our people. Some of our benefits include:

• Employee discounts and rewards - exclusive offers on more than 400 of Australia's large retailers including Myer, David Jones, Coles and Woolworths. We also offer discounts across our brands and various products including Suncorp Bank, Suncorp Insurance, AAMI, Shannons, Apia and GIO.
• Study support - We encourage external learning and offer study support to eligible employees, so you can continue to broaden your career opportunities while you work.
• Parental Leave - All permanent employees who are primary carers are offered 20 weeks parental leave.
• Wellness - We offer a wide range of initiatives to promote our employees' health and financial wellbeing. This includes discounts on major brand health insurance, as well as discounted gym membership plans for our people.

It's worth noting that specific benefits may vary depending on the role, level, and location of the employee. For more on our employee benefits,Why you'll love working with usAt Suncorp, our purpose has been at the core of our business for over 100 years. To deliver exceptional experiences we've had to become even more customer obsessed, innovative and performance driven than ever before.Delivering on our purpose has always meant putting words into action. Building futures and protecting what matters is why we're here. Caring for others, being courageous and doing the right thing underpins everything we do.Chase the sun, apply online todayAt Suncorp, we are committed to building futures and protecting what matters. We value the unique experiences, insights and diverse workforce that benefits our people, our business, and our customers. We'd love to see your application and speak with you even if you do not match the above mentioned.