Principal, Financial Risk

1 day ago

Australia IAG Insurance Full time $120,000 - $180,000 per year

Play a key role in shaping financial risk practices across Retail Insurance Australia

NRMA Insurance has been helping Australians with their general insurance and actively supporting communities for 100 years. Part of Insurance Australia Group (known as IAG), we're proud to be one of Australia's most iconic brands.

Your Role

We're looking for a Financial Risk & Governance Principal to join our Retail Insurance Australia (RIA) business. This role supports the Insurance & Financial Risk Executive Manager and contributes to the delivery of financial risk management and reporting across RIA.

You'll provide expert analysis and challenge across capital management, natural perils modelling, and reinsurance program design. You'll work closely with actuarial, finance, and risk teams to ensure financial risk practices are robust, compliant and aligned with business strategy.

This is a great opportunity for someone with strong financial acumen and insurance industry experience to influence outcomes, improve governance, and uplift financial risk capability across a complex portfolio.

This is a permanent role, open to candidates based in Gadigal Country (Darling Park, Sydney), Naarm (Melbourne) and Meanjin (Brisbane).

About You

  • Ability to review, test, and challenge capital frameworks, reinsurance structures and natural perils allocations.
  • Strong understanding of capital allocation, stress testing, and regulatory requirements.
  • Ability to assess reinsurance programs for capital efficiency and risk transfer.
  • Good understanding of financial risk frameworks, reporting, and regulatory obligations.
  • Skilled in scenario analysis, data interpretation, and translating insights into recommendations.
  • Confident in supporting senior leaders with insights and recommendations and contributing to governance forums.

Applications close Monday 10 November, 23:59pm AEDT.   

Joining IAG, you'll have access to a raft of benefits from across the Group:

  • Boosted superannuation with 13% as standard 
  • Up to 50% off personal insurance, including home and motor insurance 
  • 5 myLeave days per year on top of annual leave 
  • Work from home and many more flexibility options with myFlex 
  • Dedicated career growth programs, including the award-winning IAG Academy 
  • Compassionate leave 
  • Discounts on every day and special occasion items 
  • A certified Family Inclusive WorkplaceTM 
  • Great employee network communities 
  • Community volunteer days and team volunteer activities 
  • Award-winning recognition and reward program 

*employment type eligibility criteria apply  

ABOUT US​  

As part of IAG you'll enjoy a world of career opportunities, a purpose-led place focused on creating connection and belonging, and where you can create meaningful impact every day and grow your career beyond the expected. That's not just words. It's our people promise. We're ready for you with unexpected opportunities for your career, your work-life and your ability to make a difference. We celebrate all viewpoints shaped by life experiences and culture, and are guided by the knowledge and voice of Aboriginal and Torres Strait Islander peoples, businesses, and communities. We collaborate on Indigenous-led solutions that enable growth and create meaningful change for our customers and employees. 

We're ready for you. Apply today. 

Learn more about who IAG is here.  

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