Senior Pricing Actuary

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Sector: Insurance
Role: Senior Executive
Contract Type: Permanent
Hours: Full Time

Let's care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it's aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a Senior Pricing Actuary, based in London.

Your Team

Our team is committed to demonstrate technical excellence on risk exposures and coverages to our clients. We insure and advise the world's most complex risks. The continuous improvement of technical pricing and tool recalibration in an agile deployment environment, as well as a data-driven and forward-looking approach in pricing, is our vision.

The Impact You Will Have

Reporting to the Head of Pricing Operations you will independently manage priorities and drive initiatives within your area of responsibility as well as contribute to developing global actuarial approaches and support junior team members. You constantly engage with the senior management and maintain connections with Allianz Commercial departments and Group functions.

Future challenges include navigating Solvency II regulation, capital optimization, derivative effects on business strategy, detailed business steering efforts, and delivering projects with limited resources.

Some of your specific responsibilities could include:

1. Define pricing best-practices for each of Allianz Commercial's Line of Business and Regions around Data, Modelling, Technology, Portfolio Management, and Governance.
2. Promote close collaboration and interaction with the various business areas (Group, UW, MM, CFO, etc.) to foster mutual understanding of how business developments impact actuarial drivers in the financials.
3. Evaluating achievement towards pricing best-practices, advising on improvements required to achieve technical excellence.
4. Establish an excellent working relationship with Stakeholders, including both internal stakeholders at Global Commercial, the Pricing Academy, and management at OE/Region level to drive a consistent, realistic, and sustainable understanding of technical pricing concepts.
5. Develop global actuarial approaches and processes as well as enhance actuarial models and analyses.

1. Qualified Actuary with post-qualified experience.
2. Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting.
3. Strong mathematical and analytical skills with great attention to detail.
4. Ability to influence desired outcomes across complex multinational organizations.
5. Experience in the development and data-driven calibrations of pricing tools.
6. Strong computer and programming skills in SQL (or similar), VBA, R, Python an advantage.
7. Self-motivated / proactive with natural curiosity to ask probing questions and ensure that those questions lead to appropriate action.
8. Results-oriented with a proven track record of delivering on-time projects and process improvements.
9. Experience of commercial lines pricing desirable, ideally mid/large corporate and specialty lines.
10. A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.
11. Ability to work in an international / virtual environment.
12. Fluency in English.

71592 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery, and empowerment are fostered.

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects, and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our culture.

People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.