Pricing Actuary Role Overview
This role presents a unique opportunity to apply pricing expertise in delivering optimal profitable, strategic, and innovative solutions for the retail business.
As a Business Pricing Actuary, you will be responsible for providing pricing support, product advice, and financial information to ensure consistency with the company's philosophy. This includes developing, reviewing, and enhancing the efficiency of pricing models and processes.
Key responsibilities include:
* Provision of pricing support, profit testing, financial information, and advice on retail products, terms, and conditions.
* Development, review, enhancement, and improvement of pricing models and processes.
* Reviewing experience investigation results and liaising with the finance team on assumption setting and advice during the product development process.
* Maintaining competitive pricing intelligence models and preparing pricing reports, files, and communications for internal stakeholders.
* Collaborating with the reinsurance team to develop reinsurance strategies and support negotiations with reinsurers.
* Analyzing and reviewing reinsurance arrangements and participating in due diligence processes for client, reinsurance, and policy documents.
Requirements:
To succeed in this role, you should possess the following qualifications and skills:
* A tertiary qualification in Actuarial Studies (or equivalent) and a Fellow of the Actuaries Institute (Australia) or a comparable international body.
* Pricing experience within life insurance or financial services.
* Initiative-taking abilities, effective stakeholder management, and adaptability in dynamic environments.
* Taken full ownership of work and accountability for delivering impactful outcomes.
* Data synthesis and analytical skills for crafting innovative data-driven solutions.
Benefits:
We offer a range of benefits that support your career growth and well-being, including:
* Access to training and development programs to enhance your skills.
* Career progression through internal mobility opportunities.
* The chance to contribute to the health and wellbeing of millions of Australians.
* Additional leave days to recharge and refresh yourself.
* Health and wellbeing initiatives that prioritize your well-being.
* Supportive and inclusive working environment.