Challenger Limited is an ASX-listed investment management firm managing $123.9 billion in assets (as at 30 June 2025). Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.
We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.
About the team and role
The Investment Product team manages Challenger Life’s retail and institutional products, including fixed and lifetime annuities, life insurance contracts, reinsurance arrangements and investment products.
The team is involved in the development of new products, the structuring of product features, and the development of pricing and risk models to ensure Challenger’s risk and return requirements are met.
The team are looking to hire an Analyst to work alongside a team of specialised pricing actuaries and financial markets practitioners, providing financial modelling, pricing and transaction modelling support.
In this role, the Analyst will be responsible for the ownership, development and operation of key models that are run weekly, as well as models used for transaction and projection-related tasks. These models are critical to team delivery, producing weekly product rates and supporting the economic analysis required for transaction structuring and approval.
Key models include:
Retail and institutional pricing models
Reinsurance pricing models
Annuity pricing models for ad-hoc quotations
Transaction modelling support will vary by product and transaction and will span all aspects of product economics, including:
Calculation of profitability, capital and risk metrics
Scenario and stress testing
Cleansing and analysis of data
The Analyst will also be responsible for implementing Challenger’s model risk policy and overseeing the team’s compliance with these requirements, including model documentation and testing.
About the candidate
The ideal candidate will be highly numerate with strong financial modelling capabilities. They will have a strong analytical background, enjoy problem-solving, and demonstrate a high level of attention to detail.
Clear communication skills and a collaborative working style are essential.
Ideally, candidates will have financial modelling experience within the financial services sector and familiarity with insurance and banking products.
Qualifications, experience and technical skills
Strong academic track-record in quantitative disciplines such as Mathematics, Statistics, Physics, Engineering, Computer Science, Actuarial Studies, Finance/Economics etc.
3–5 years’ experience in financial modelling or analytics
Advanced Excel modelling skills are essential
Familiarity with analytical tools such as Python and SQL would be advantageous
Why Challenger?
At Challenger, we’re small enough to be agile, but big enough to accelerate bold ideas. We support your growth and development, offering flexibility and a culture that values your unique contributions.
Competitive discretionary bonus scheme
18 weeks paid parental leave for all new parents
Challenger Day – one extra day off every year in recognition of the effort our people make.
Additional support leave (fertility, gender affirmation)
Extra superannuation contributions
Employee share plan
Employee Assistance Programme
Subsidised on-site café and central location near Martin Place Metro
Access to free onsite yoga, mindfulness and Pilates classes.
Access to annual free flu shots & skin checks
https://www.challenger.com.au/about-us/careers/our-benefits
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Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.
We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work-life balance.
Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.
Job type:
PermanentPosting Close Date :
13/03/2026Similar Jobs
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What We Do
Challenger Life is Australia’s largest provider of annuities and provides regular income to thousands of customers. We’re a multi-award-winning Life Company and have $23 billion in assets under management (as at 30 June 2023). Challenger is focused on providing customers with financial security for retirement. We do this by offering investment strategies that exhibit consistently superior performance, and by helping customers in retirement with safe and reliable income streams. As Australia’s largest annuity provider, we provide regular income payments to thousands of Australian retirees. Our lifetime annuities protect retirees from the risk of running out of money late in life. The regular retirement incomes we pay are backed by a high-quality investment portfolio, including fixed income and commercial property investments. These investments generate regular and predictable investment income, which we use to fund retirement incomes paid to our customers. For our social media disclaimer statement, visit: http://www.challenger.com.au/Disclaimer
