Job Overview & Organization Mission

Apply statistical modeling, machine learning, and actuarial pricing techniques to optimize insurance portfolios and manage natural hazard risks at Suncorp.

Suncorp Group’s Pricing & Actuarial division is hiring a Senior Actuarial Analyst at our award-winning Heritage Lanes headquarters in Brisbane. You will lead the development of predictive pricing algorithms, generalized linear models (GLMs), and natural hazard risk cost assessments for Australia’s largest home and motor vehicle insurance portfolios.

As a key member of the team at Suncorp Group in Brisbane, QLD, you will play a central role in driving excellence, upholding top-tier Australian industry standards, and contributing directly to the strategic milestones of one of the nation’s premier employers.

Key Duties & Core Responsibilities

In this critical role, your operational duties and key performance responsibilities will encompass:

• Develop, calibrate,: Develop, calibrate, and monitor risk pricing models for personal insurance lines using Emblem and Python.
• Incorporate climate: Incorporate climate risk variables, geospatial mapping, and flood/bushfire claims data into underwriting rates.
• Collaborate with: Collaborate with product managers to deliver rate changes and monitor price elasticity impacts on customer retention.
• Produce actuarial: Produce actuarial monitoring reports and present technical recommendations to Chief Underwriting Officers.
• Mentor actuarial: Mentor actuarial graduates and contribute to automated data pipeline modernization.

Required Qualifications, Licenses & Experience

To be successful in this position at Suncorp Group, candidates are expected to satisfy the following essential selection criteria:

• Mandatory Qualification: Degree in Actuarial Studies, Mathematics or Statistics + Progress towards Actuaries Institute Fellowship (FIAA).
• Relevant Experience: Minimum 4+ Years of verified industry experience in Australia or recognized overseas equivalence.
• 4+ years of actuarial experience within general insurance pricing, reserving, or capital modeling.
• Part-qualified or near-qualified Actuary with the Actuaries Institute Australia (or international equivalent).
• Proficiency with actuarial pricing software (Emblem, Radar) and data science programming (Python, R, SQL).
• Strong commercial acumen and ability to explain complex statistical models to non-actuarial stakeholders.

Core Competencies & Key Technical Proficiencies

The successful applicant will possess demonstrated capabilities across the following domain skill sets:

Salary, Compensation & Employee Benefits

At Suncorp Group, we understand that our people drive our achievements. An outstanding remuneration and wellbeing package is provided in line with Australian benchmarks:

• Competitive Remuneration: AU$135,000 – AU$165,000 per year + standard Australian Superannuation (11.5%).
• Remuneration $135,000 – $165,000 + performance bonus + comprehensive actuarial study leave.
• Work in Queensland’s greenest 6-star Green Star commercial tower (Heritage Lanes) with rooftop gardens.
• Significant employee discounts on Suncorp, AAMI, and GIO insurance products.
• Leave Entitlements: 4 weeks annual leave (with 17.5% annual leave loading where applicable) plus 10 days paid personal/carer’s leave.
• Flexible Work: Progressive work-life balance options with supportive corporate culture and leadership development pathways.

About the Employer: Suncorp Group

Suncorp Group is a top-ASX listed general insurance and financial services provider, home to trusted brands including AAMI, Suncorp, GIO, and Apia.

Suncorp Group is deeply committed to building diverse, equitable, and culturally inclusive work environments. We proudly celebrate diversity and welcome applications from all qualified individuals including First Nations Australians, people with disabilities, and candidates from culturally and linguistically diverse backgrounds.

Application Process & Next Steps

Applications for this position are currently open and being reviewed on a rolling basis. Suitable candidates are encouraged to apply as early as possible before the published closing date.

Please prepare an updated Curriculum Vitae (CV) and a tailored Cover Letter highlighting your relevant experience against the key selection criteria outlined above.

To proceed with your application, click the Apply on Employer Site button to access the official Suncorp Group careers gateway.