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Kartik Kundra - 2018 graduate
Role: Pricing Graduate – Satellite
What's your university background? Actuarial Studies student, with a major in Finance and a minor in Business Economics at UNSW. I had previous experience working in insurance risk, but IAG Satellite has opened my mind to the intricacies of insurance, and how an insurance business runs.
Can you describe a day in the life of your current rotation? (What division are you in; what have you learned; what have you been involved in?)
My first rotation was as a P&L Analyst in the Portfolio team at Satellite. I was introduced to how an insurance business runs, ranging from top line growth (new business and renewals) and bottom line (claims, expenses). It gave me an overall view of the business and I was able to provide valuable inputs in weekly and monthly meetings with Coles. This not only helped me in understanding and explaining data but aided me in developing strong communication skills and stakeholder relationships. I was also involved in a Budget development model from scratch, seeing how all the facets of the business create a profit.
I’m currently a Pricing Analyst in the Product and Pricing team, where I have been involved in natural perils, seeing how policies are priced at a technical rate, and diving deep down into what goes into creating that magical quote number at the end of the process. Recently, I have been introduced to IAG’s pricing capability and software and are looking to develop new ways that can improve the current process we have.
At Satellite, every day is different, which makes it even more rewarding; there’s always something new to learn and conquer. I begin my work day with e-mail skimming, where I assign myself the tasks that I need to get through the day, on priority levels. Throughout the day I’m working, attending meetings, or just figuring out what to eat for lunch out here in Pyrmont! The day usually winds up with a table tennis session or a board games night just to relax ourselves.
Describe in three words your experience on the graduate program so far: Challenging, educational and fun
What has the support network at IAG been like for you as a Grad?
Everyone involved, including my managers and colleagues, to the graduates and buddies, have been great, providing support whenever and wherever. At IAG, if you need help with anything, require assistance of any kind, there’s always someone who can lend a helping hand. The caring nature really comes through in all employees at IAG, with strong study support arrangements and a highly flexible work lifestyle.
What has been your most memorable experiences on the Grad program so far?
Working here and being part of the first graduate intake at Satellite has been memorable in its own way. There have been countless challenges to overcome, but things that stand out are the conferences we’ve had, bringing together all employees from Satellite for two days, travelling to and working in Melbourne for a piece of work with Coles, and the 90-day Business Case Challenge.
If you could give one piece of advice to a student applying for the Graduate Program, what would it be?
Just be yourself. The graduate program provides you with a multitude of opportunities for learning and working in different areas of the business. It’s important to be confident and to strive to the best of your ability.