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Advisor Capital & Reinsurance Strategy

Job No: 660046

Various, Sydney - Inner Suburbs & CBD, Brisbane - Inner Suburbs & CBD

Permanent Full Time

Analyst, Finance & Treasury, Insurance, Strategy, Corporate & Professional Services, Pricing, Planning and Analysis

Pay Band 4


  • Support the review, refinement and enhancement Suncorp’s reinsurance strategy and assist with operational implementation for the Group Insurance business
  • Assist with the reinsurance process, which impacts the direct pricing of insurance to customers.
  • A Permanent Role

The Role

The Advisor supports the Senior Specialist Capital & Reinsurance to review, refine and enhance Suncorp’s reinsurance strategy and assist with operational implementation for the Group Insurance business

Responsibilities

  • Work with Reinsurance Placements, Capital Modelling and Group Capital to evaluate profit and capital implications of various reinsurance strategies for individual business units and Suncorp Group.
  • Assist with the development of bespoke modelling tools for the evaluation of reinsurance treaties and tracking of treaty performance.
  • Support internal processes for business planning and budget setting with respect to reinsurance
  • Support the preparation of reports consisting of analysis and recommendations to internal forums including Asset & Liability Committee, Risk Committees and Board.
  • Support the production of reinsurance data, analytics, and commentary for internal reporting.
  • Adopt a continuous improvement approach to internal processes and systems, awareness and assessment of emerging tools / processes / modelling and market conditions for the reinsurance
  • industry.
  • Keep abreast of new catastrophe models and implications, providing peer review where required.
  • Work with IT teams to update new treaties within the insurance systems.
  • Maintain reinsurance counterparty monitoring processes.
  • Develop the skills to interpret financial modelling and complex analysis, support the review, design and implementation of reinsurance strategies to optimise the Group’s reinsurance program in line with the reinsurance objectives, risk appetite and Reinsurance Management Arrangements.

What do you need to bring to the role?

  • Relevant undergraduate qualifications (e.g. Commerce, Finance, Accounting, Economics, Mathematics, Applied Science)
  • At least 3 years’ experience in insurance / reinsurance in a finance / accounting / actuarial role
  • Sound technical / modelling skills (preferably with Microsoft Excel) required.
  • High degree of computer literacy, including Microsoft Office required. - Sound accounting / financial analysis balance sheet, profit and loss and capital modelling required.
  • Ability to analyse large data sets using Python, SQL, SAS, R (or other statistical analysis package) desirable.
  • Familiarity with stochastic models including platforms such as Igloo or ReMetrica desirable.
  • Excellent communication skills, particularly verbal and written presentation to individuals and groups.
  • Strong technical knowledge of general insurance, reinsurance, actuarial concepts and prudential capital requirements preferred.
  • Knowledge of standard general insurance reinsurance arrangements including the impact of these arrangements on profit and capital volatility desirable.
  • Knowledge of (or at least familiarity with) relevant APRA Prudential Standards preferred.
  • Knowledge of relevant accounting standards including balance sheet, profit and loss, capital (both accounting and regulatory) desirable

What’s in it for you? 

  • An attractive employee benefits package across our Insurance, Banking & Superannuation products
  • Flexible working environment and arrangements; genuine focus on work-life balance
  • Paid parental leave of 16 weeks for the primary carer and 3 weeks for the secondary carer
  • Numerous discounts with our corporate partners (retail & shopping / travel & holiday / health & wellbeing)
  • We offer support and various programs for our people: (Employee Assistance Program (EAP), Health & Wellbeing, Study Support, Employee Referral Program, Facilities for nursing mothers, Company share options, Social club, Years of Service Recognition)

What you will love about working with us?

Working within the Suncorp Network we believe we are our best when our workforce is as diverse, talented and passionate as the communities in which we live and operate, and where our people feel included, valued and connected.  We are passionate about inspiring our people by creating an inclusive culture, offering flexible work, career development and internal mobility, and building connected relationships amongst our team members and with our customers. Joining Suncorp, you will be joining an organisation which cares and is proud of our achievements in being recognised for:

  • Money magazine’s Bank of the Year and Business Bank for the fourth consecutive year (2018-2021)
  • Creating our Peace of Mind Package which provides immediate financial relief for customers (2020)
  • Developing our Small Business COVID-19 Relief Package to support our Insurance customers (2020)
  • Member of the RE100 Global Corporate Renewable Energy Initiative (2020)
  • Named an Inclusive Employer by the Diversity Council of Australia (2019-2020)
  • Employer of Choice for Gender Equality for sixth consecutive year (2014-2019)

 

If this opportunity sounds like the challenge you have been looking for, please apply online today.

Apply now

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Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Daylight Time

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