Area of Expertise: Actuarial

Unit: Allianz Commercial

Employing Entity: Allianz Global Corporate & Specialty SE

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 57548

Senior Pricing Actuary - Financial Lines (m/f/d)

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 – Financial Lines (m/f/d), based in London or Munich.
Your Team
The Pricing team at Allianz Commercial plays a crucial role in driving the company’s profitability by analyzing portfolio performance and developing calibrated pricing tools. This dynamic, international team is based in key global locations including London, Munich, Bucharest, Chicago, and New York, fostering a collaborative environment. You will be part of a team that directly impacts strategic decision-making and ensures the company’s competitive edge in the market, all while engaging with global markets and advanced data-driven methodologies.

The Impact You Will Have
In this role, you will have a direct impact on shaping the profitability and strategic direction of Allianz Commercial’s Financial Lines portfolio. By leveraging data-driven insights, you will optimize pricing strategies, enhance portfolio performance, and identify key trends to inform decision-making. Your work will contribute to refining pricing models, ensuring the company remains competitive in the market. Additionally, you will collaborate with senior leadership to influence the overall pricing approach, driving sustainable growth and long-term success for the Financial Lines and Cyber portfolios.

Some of your specific responsibilities could include:

You will provide front-line case pricing to support profitable underwriting, offering technical expertise and insights on individual accounts that influence global portfolio steering.
You will design and propose program structures that balance Allianz Commercial’s exposure to losses with clients needs; attend client and broker meetings as necessary.
You will research new rating variables by tracking market trends, underwriting developments, and collaborating with the Predictive Modeling team to enhance competitiveness.
You will conduct in-depth profitability reviews, including data preparation and analysis of business segment performance.
You will ensure analysis results lead to impactful portfolio actions and are integrated into technical pricing models.
You will monitor the effectiveness of portfolio actions implemented following profitability reviews.
You will refine and maintain pricing tools through recalibrations and statistical pricing methodologies.
You will build strong relationships with Underwriting teams to ensure long-term support for technical pricing concepts and tools.
You will support and promote projects related to technical pricing.
You will collaborate with the Portfolio Management team and other Allianz Commercial departments.
You will understand global market developments and ensure loss trends are reflected in pricing activities.

What You’ll Bring to the Role

You have a strong foundation as a qualified P&C actuary, supported by substantial post-qualification experience and a solid background in case pricing for individual accounts.
You have exceptional mathematical and analytical skills, combined with keen attention to detail and experience in developing and calibrating data-driven pricing tools.
You can navigate complex, multi-national data landscapes, facilitating comprehensive analysis and informed decision-making.
You have strong programming skills in SQL, VBA, R, Python, and other relevant languages, empowering you to utilize technology effectively.
You have a self-motivated and proactive approach, characterized by curiosity that drives you to ask insightful questions and implement actionable solutions.
You have a collaborative mindset, enabling you to build and maintain positive relationships with colleagues, management, and various business areas.
You have experience in communicating technical information to non-technical audiences, ensuring complex concepts are accessible and understandable.
You have valuable experience in commercial lines pricing, particularly in large corporate and specialty lines, with the ability to thrive in an international and virtual work environment.

What’s in it for you?

Let’s care about everything that makes you, you
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.

Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress
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.

Let’s care for life’s twists and turns
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. Weve got your back.

Let’s care for our society and our planet
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.

Care to join us?

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

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.

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Senior Pricing Actuary - Financial Lines (m/f/d)