Pricing Actuary

Allianz; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading insurance company is seeking a Pricing Actuary to join their Global Property Pricing team in London. The role involves developing and maintaining pricing tools, analyzing complex data, and supporting profitability initiatives. Ideal candidates will possess strong analytical and project management skills, with experience in P&C commercial lines. This full-time position offers the opportunity to work in a dynamic international environment, collaborating with teams across multiple regions.

Qualifications

• Nearly/newly qualified P&C Actuary.
• Experience in technical pricing preferred.
• Strong mathematical and analytical skills.

Responsibilities

• Support profitability reviews and pricing tool development.
• Monitor outcomes from profitability analyses.
• Contribute to pricing projects with data analysis using SQL/Python.

Skills

Analytical skills

Mathematical skills

Data analysis

SQL

Python

Project management

Education

Nearly/newly qualified P&C Actuary

Tools

Excel

SQL

Python

Machine Learning

Job description

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

Your Team

The Global Property Pricing team is part of the Chief Underwriting Office at Allianz Commercial and is responsible for understanding Allianz Commercial portfolios and their performance and for ensuring the pricing tools are calibrated to secure Allianz Commercial's future profitability. You will join an international team located across London, Munich, Bucharest, Chicago and New York.

The Impact You Will Have

The Pricing team drives the global implementation of costing and pricing excellence for all commercial business. To advance with this approach, Allianz Commercial is seeking a pricing actuary to actively shape and reposition the Group's pricing capabilities. In this role you will define pricing excellence, and you will collaborate on various activities to support Allianz operating entities globally in excellence achievement:

Some of your specific responsibilities could include:

• Support the regular deep-dive profitability reviews of the portfolio.

• Develop and maintain pricing tools, in particular this involves refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies and the development of tool specifications to support IT enhancements.

• Monitor outcomes of the portfolio actions implemented following profitability analyses
• Support the development and maintenance of the cross-lob modelled and non-modelled cat pricing. In particular, this involves the refinement of the pricing tools through updates of hazard maps/vendor models, recalibrations and the development of appropriate statistical pricing methodologies

• Contribute to pricing projects through data analysis/manipulation using SQL/Python coding

• Support underwriters through Case pricing of the largest and more complex accounts.

• Successfully collaborate across the P,NR&C pricing team and peer review work from other team members if required.

What You'll Bring to the Role

• Nearly/newly Qualified P&C Actuary

• Strong mathematical and analytical skills with great attention to detail.

• Some years in technical pricing, preferably P&C commercial lines, with strong mathematical and analytical skills.

• Experience in developing and calibrating pricing tools for various lines, and managing projects with multiple stakeholders.

• A solid understanding of data analysis, automation, and AI tools is required, with an awareness of ethical AI usage.

• Proficiency with complex multi-national data landscapes and advanced Excel skills, including VBA.

• Significant experience with SQL; knowledge of Python, R, JavaScript/CSS, Palantir Foundry, and Machine Learning is a plus.

• 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.

75094 | Actuarial | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent