Actuarial Pricing Specialist

1 month ago


Port Melbourne, Australia Vero Insurance Full time
About the Role

We are seeking an experienced Actuarial Pricing Advisor to join our team at Vero Insurance. As a key member of our pricing team, you will play a crucial role in developing and implementing pricing strategies that drive business results.

Key Responsibilities
  • Develop pricing recommendations and proposals to ensure alignment with business objectives and timely implementation of price changes.
  • Lead and guide pricing analysts in all aspects of pricing tasks, including data analysis and report interpretation.
  • Analyze data and reports to identify trends and opportunities for innovation and improvement in business results.
  • Translate P&L items into pricing assumptions, ensuring accurate representation of commercial insurance products and their business drivers.
  • Provide technical support on model methodologies and their implementation, leveraging expertise in SAS, Excel, R, and other programming skillsets.
Requirements and Qualifications
  • Relevant degree in Actuarial Studies, Mathematics & Data Analytics or related field.
  • A minimum of 5 years pricing experience, preferably in the general insurance industry, with a strong understanding of commercial insurance products and their business drivers.
  • Strong knowledge of IBNR/IBNER models and ability to develop solutions and courses of action using information-based decision-making.
  • Excellent analytical and problem-solving skills, with the ability to communicate complex ideas effectively.
  • Knowledge of and experience in using programming languages such as SAS, Excel, R, and other relevant tools.
Benefits and Culture

Vero Insurance offers a dynamic and supportive work environment, with opportunities for career growth and professional development. Our company promotes a high-performance culture where people are rewarded for effort and dedication. We recognize and value commitment, encouraging a healthy balance between career and personal time.

We are committed to providing a competitive compensation package, estimated to be around $120,000-$150,000 per annum, depending on experience and qualifications. If you are a motivated and experienced Actuarial Pricing Advisor looking for a new challenge, we encourage you to apply.



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