• Opportunity to work for Australia's largest general insurer, working on a high-profile Pricing Transformation project
• Be at the forefront of Pricing sophistication, working with a large team of Pricing Actuaries, Statisticians and Analysts
• Senior & Specialist permanent opportunities available, open to any Australian office location
• Hybrid working pattern, giving individuals the freedom to decide where they work to deliver on both work and personal needs

At IAG, we live and work by our purpose to make your world a safer place. We are motivated by a unique culture that celebrates honesty, creativity, empathy, equity and collaboration. We call it the IAG way, and it means we all share a ‘ready for anything' mindset that sets the tone for positive actions and positive outcomes. We put heart into everything we do which guides us to create amazing things for our customers, our people and our communities.

We're brimming with ideas, ambition and a readiness to apply bold thinking and risk awareness to make a difference where it matters most.

As the largest general insurance group in Australia and New Zealand, we own some of the region's most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI. We are ready for anything.

The role
Do you have a passion for pricing and want to be involved in a major Pricing transformation project at IAG? We're well on the way to deliver our vision, which is to have the best Pricing capability in the world.

To deliver on this vision, our Pricing team is expanding, and we are recruiting for multiple roles across the senior and specialsit levels to join us to work on a major Pricing transformation project at IAG. It involves leading the integration of actuarial pricing models into the Earnix rating engine and building the end-to-end pricing process including algorithms, risk cost models, go to market Pricing, monitoring and feedback loops.

You will join a large and diverse team of pricing professionals and will enjoy the challenge of working on a ground-breaking, innovative project with a high level of exposure across the organisation. There will be ample opportunities to design and deliver creative solutions to challenging problems whilst learning from the best, in a very supportive environment.

Key responsibilities

• Designing and building an end-to-end pricing process in Earnix (market leading Pricing software) that is best in class for all products across IAG
• Building and deploying ground up actuarial risk pricing and demand models using GBMs and GAMs
• Designing pricing algorithms in accordance with our Pricing Principles, feeding directly from actuarial pricing models
• Working with a range of stakeholders across the business including product teams, portfolio teams, data and technology teams to inform the best design of the pricing algorithm and recommend go-to-market pricing strategies
• Performing rate setting analysis to determine commercial rates to deploy to market
• Implementing algorithm simplification and improvements across IAG
• Assisting with the design and build of monitoring reports
• Thought leadership around the design of Earnix pricing algorithms to support IAG's long-term pricing strategy
• Representing the Pricing team in cross-functional meetings
• Mentor and oversee a team of high performing pricing analysts and senior analysts, delivering value to IAG through pricing capability and risk management

Skills and experience

Here are some of the desirable skills and qualifications to be successful in our team:

• Proven ability to display multi-dimensional thinking when solving problems
• Insurance or analytics industry experience, preferably in general insurance pricing or actuarial roles (not needed for entry level roles)
• Strong knowledge of Microsoft applications including Excel
• Experience with R, SAS, SQL, Python or equivalent
• Tertiary qualifications in a numerical or analytical discipline such as Mathematics, Statistics, Actuarial or Computer Science
• 3+ years of general insurance pricing experience
• Ability to present technical information to a broad audience
• Experience working in a project/agile operating environment
• Experience with pricing techniques and models such as GBMs and GAMs
• Demonstrated ability to meet tight deadlines and have exceptional flexibility of approach
• Qualified Actuary or 1-2 exams away from qualification

Key benefits

IAG rewards and recognises its people with generous benefits, career development opportunities and real work-life balance through flexible working arrangements. We have a people-focused culture that celebrates achievements big and small.

• Tailored mentorship and tailored career development programs
• Generous financial and study support for actuarial and other relevant qualifications
• Flexible working arrangements, including full time, part time and compressed working hours.
• Generous parental leave and return to work programs
• Working with a community of award-winning experts
• 13% superannuation
• Up to 50% insurance discounts

Ready for anything? Let's talk.

Start your career journey with us and click ‘Apply now'! Applications close on Friday 9th December 2022

Creating a workforce that actively embraces diversity, inclusion and a sense of belonging is key to our success. We believe in treating everyone fairly which means that inclusion, removing barriers, striving for equity and embracing diversity are woven through our values and behaviours.

We encourage applications from all backgrounds and communities and are committed to providing a work environment that enables you to thrive, whatever your circumstances. If we can provide support with access requirements, alternative work arrangements you can advise us via your application.

IAG has committed to the reconciliation movement in Australia for First Nations people and focus on providing a safe and supportive work environment for all our employees. More information on our Reconciliation Action Plan can be found on our company website.