Junior Pricing Actuary

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 Junior Pricing Actuary, based in London or Munich.

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

The Junior Pricing Actuary plays a key role in supporting technical excellence within Allianz Commercial by promoting best practices across different business areas. They collaborate with team members and engage in discussions with the business, while maintaining connections with other Actuarial and CFO departments, as well as Group functions. Additionally, the Junior Pricing Actuary provides project support, focusing on the documentation and testing of project deliverables.

Looking ahead, the Junior Pricing Actuary will face challenges related to Solvency II regulation, capital optimization efforts, and the derivative effects on business strategy. The role will also involve participating in detailed business steering efforts.

Some of your specific responsibilities could include:

• Prepare and perform Actuarial analysis on technical excellence for assigned business area including documentation, communication, and explanation of results.
• Project support governance and review initiatives through documentation and testing.
• Collaborate within Global Pricing and with global functions to develop global actuarial approaches and processes as well as enhance actuarial models and analyses.
• Peer review work from other team members.
• 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.

What You’ll Bring to the Role

• Master’s or Ph.D. in Data Science, Applied Mathematics, Statistics, or a comparable discipline.
• Proficiency with complex multi-national data landscapes and advanced Excel skills, including VBA.
• Basic experience with SQL; knowledge of Python, R, JavaScript/CSS, Palantir Foundry, and Machine Learning is a plus.
• Quantitative financial and risk modeling know-how and skills.
• 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.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.
• Ability to explain technical information to non-technical audiences, build strong working relationships, and deliver projects on time.
• Self-motivated, proactive, organized, and results-oriented, with experience in international environments and managing multiple projects.
• Proven experience in communication of results to stakeholders.
• Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations.
• Fluent English skills, additional language is a plus.

71035 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent

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. We've 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 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.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

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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