READY FOR ANYTHING
At IAG, we live and work by our purpose to make your world a safer place. We are motivated by a unique culture that celebrates honesty, creativity, empathy, equity and collaboration. We call it the IAG way, and it means we all share a ‘ready for anything’ mindset that sets the tone for positive actions and positive outcomes. We put heart into everything we do which guides us to create amazing things for our customers, our people and our communities.
We’re brimming with ideas, ambition and a readiness to apply bold thinking and risk awareness to make a difference where it matters most.
As the largest general insurance group in Australia and New Zealand, we own some of the region’s most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI. We are ready for anything.
The Role
This is a permanent role in the Direct Insurance Australia Division Technical Pricing team. Our team advises and supports an extensive range of commercial and personal insurance products, including Business and Farm Packages; Commercial and Farm Motor; Workers Compensation; Liability; Industrial Special Risks; Construction and Engineering; Professional Risks; Domestic and Commercial Strata; Fleet; Crop; Domestic Motor; and Domestic Home products.
We are seeking candidates across a range of experience for Senior Pricing Analyst and Technical Pricing Consultant roles. As part of a technical pricing team, your unique contribution will be to undertake data-driven technical pricing modelling and analysis to enable IAG to charge the right premium for risk. You will be part of a team that uses a combination of machine learning and actuarial techniques to enable granular one to one pricing, while working in close partnership with the business to generate tangible value and benefits.
The successful candidate for this position will be an experimenter that seeks the truth and through your deep analytical mind you are prepared to challenge the norm and seek new ways of working that create real value that is measurable.
Key Responsibilities:
- Full range of actuarial and technical pricing responsibilities, including risk costs estimation using a variety of machine learning and actuarial techniques, model building and testing, optimising data and modelling processes, and consideration of internal and external factors influencing experience.
- Producing and presenting analytical insights, visualisations and reports to key stakeholders.
- Making data driven technical pricing recommendations based on risks, claims and customer behaviours.
- Identifying and recommending opportunities and improvements to enhance efficiency, effectiveness, accuracy and level of insights generated.
- Adhering to appropriate model validation protocols, from cross validation to in-market testing to peer review, depending on the circumstance; and observing relevant risk management techniques and controls.
For senior roles:
- Leading and managing technical modelling and strategic pricing projects.
- Guiding, mentoring and supporting junior and fellow analysts, particularly where new techniques are adopted.
Skills & Experience
- Tertiary qualifications in Actuarial, Mathematical, Statistics, Data Science or other analytical disciplines.
- Experience in the analysis of complex data, preferably in general insurance actuarial/analytical roles.
- Experience and knowledge of analytical software such as SAS, R, Python and SQL.
- Experience building dashboards in programs such as Shiny and Tableau.
- Strong verbal and written communication skills, in particular the ability to communicate technical concepts clearly and concisely to a range of stakeholders.
- Experience in actuarial/technical pricing methods; and the design, build and evaluation of pricing models are advantageous.
- Experience using/building machine learning algorithms and advanced skills in statistical analysis, quantitative/predictive analytics, multivariate testing and optimisation algorithm are desirable.
- Insurance industry domain knowledge and familiarity with relevant legislation and regulatory environment are desirable.
