Natural Perils Pricing Analyst

12 Months Full-Time Fixed Term Opportunity I Natural Perils Pricing Analyst I Suncorp Group | Sydney, NSW
 

Are you passionate about data, analytics, and solving complex challenges that make a real difference? 

Suncorp is seeking a Natural Perils Pricing Analyst to join our Consumer Insurance Pricing & Analytics team. This is an exciting opportunity to help shape how we understand and price natural hazard risks across Australia while working alongside experts in insurance, data science, catastrophe modelling, and environmental research.

As a Natural Perils Pricing Analyst, you'll play a key role in developing and enhancing pricing models that support sustainable insurance outcomes for our customers and business. You'll use analytical thinking, innovative problem-solving, and data-driven insights to assess the impact of natural perils such as flood, cyclone, bushfire, hail, storm, and earthquake.

What You'll Do

• Develop, refine and implement natural peril pricing models at an individual address and catastrophe level, including Flood, Cyclone, Bushfire, Earthquake, Hail, Storm, Demand surge, Underinsurance.
• Combine data science techniques, environmental research, insurance claims insights, and external expertise to improve risk assessment and pricing accuracy.
• Monitor and evaluate the effectiveness of pricing changes and model performance. Analyse the impact of pricing decisions on New business, Renewals, Customer retention and lapses, Cancellation rates, Concentration risk, Reinsurance outcomes.
• Prepare business cases, portfolio impact assessments, and recommendations for senior stakeholders.
• Partner with teams across Portfolio Management, Underwriting, Claims, Reinsurance, Capital, Business Intelligence, and Corporate Affairs to provide insights on natural peril risks and claims experience.
• Communicate complex analytical findings in a clear and meaningful way to both technical and non-technical audiences.

What You'll Bring

• Tertiary qualification in a quantitative or analytical discipline such as: Statistics, Mathematics, Finance, Business Analytics, Engineering, Natural Sciences, Actuarial Studies (highly regarded).

Experience

• Experience in an insurance, analytics, pricing, or risk-focused role is preferred.
• Recent graduates with a strong academic record and relevant analytical skills are encouraged to apply.
   

Technical & Professional Skills

• Strong analytical and problem-solving capabilities.
• Exposure to programming and analytical tools such as Python,R, SAS, Excel, SQL and relational databases would be good to have.