Pricing Actuary

Allianz Popular SL.; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance company is seeking a Pricing Actuary in London to enhance pricing strategies and tools for commercial portfolios. The role involves supporting profitability analyses, developing pricing methodologies, and collaborating globally with teams. Candidates should have strong analytical skills, actuarial qualifications, and experience with data tools. This permanent, full-time position offers a dynamic work environment within the insurance industry.

Qualifications

• Nearly/newly Qualified P&C Actuary.
• Experience in technical pricing, preferably in commercial lines.
• Strong mathematical, analytical, and data analysis skills crucial.

Responsibilities

• Support profitability reviews and develop pricing tools.
• Contribute to cross-lob pricing projects with data analysis.
• Collaborate with underwriters and manage complex pricing cases.

Skills

Mathematical skills

Analytical skills

Attention to detail

Data analysis

Automation

Excel proficiency

SQL

Python

Project management

Education

Qualified P&C Actuary

Tools

Excel

SQL

Python

R

JavaScript

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