Pricing Actuary | London, UK

Allianz; London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Allianz seeks a Pricing Actuary based in London, responsible for advancing pricing excellence across global portfolios. The role involves developing pricing tools, conducting analyses, and collaborating on various projects, requiring strong analytical skills and actuarial qualifications. The position offers a hybrid working model and a competitive benefits package.

Benefits

Generous bonus scheme

Pension plan

Flexible working arrangements

Private healthcare

Career development programs

Qualifications

• Strong mathematical and analytical skills with great attention to detail.
• Experience in technical pricing, preferably P&C commercial lines.
• Ability to explain technical information to non-technical audiences.

Responsibilities

• Support profitability reviews of the portfolio.
• Develop and maintain pricing tools and methodologies.
• Contribute to pricing projects through data analysis using SQL/Python.

Skills

Mathematical skills

Analytical skills

SQL

Python

Data analysis

Education

Nearly/newly Qualified P&C Actuary

Tools

Excel

VBA

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 | 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 [e-mail]

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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