Principal Pricing Analyst

Allianz; City of Westminster; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A prominent insurance firm is seeking a Principal Pricing Analyst to join their team in the United Kingdom. The successful candidate will work on developing pricing strategies, maintaining compliance with regulatory standards, and improving forecasting methods using data science techniques. The role offers flexible working hours and includes a generous benefits package which encompasses study support for actuarial qualifications, along with various other perks like hybrid working and performance bonuses.

Benefits

Flexible buy/sell holiday options

Annual performance related bonus

Contributory pension scheme

Volunteering days

Qualifications

• Significant pricing or reserving experience.
• Excellent knowledge of actuarial methods in pricing context.
• Proficiency in Excel and MS Office or equivalent applications.

Responsibilities

• Build automated processes to project claims using best practices.
• Co-ordinate rollout of new Forecast across Products.
• Ensure premium models reflect the latest risk view.

Skills

Pricing experience

Actuarial methods knowledge

Excel proficiency

Project management skills

Data science skills

Education

Actuarial qualification

Tools

SAS

SQL

Python

Job description

Allianz have a new opportunity for a Principal Pricing Analyst covering our offices in Birmingham, Bournemouth, Leeds and London. You'll be working with the wider Pricing team and Data Science team to develop and implement best practices. You'll deliver project work and analysis to agreed business timescales, influence and interpret project requirements from Pricing meetings and document important decisions and challenges from the senior stakeholders. In addition to this you will build and maintain relationships with teams involved in the Pricing end‑to‑end delivery process and across the company. You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing‑based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK. Our team values continuous learning, you can enjoy free access to top training platforms like DataCamp, Databricks Academy, and LinkedIn Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills. Salary Information,

Responsibilities

• Building an automated process to project claims to ultimate using best practice techniques, including developing a claims monitoring process
• Working with various stakeholders to ensure inputs into the Forecast are robust
• Co‑ordinating the roll‑out of the new Forecast across all Products
• Working with the Technical Pricing teams to ensure the technical premium models reflect the latest view of risk
• Staying abreast of industry best practice on actuarial methodologies and competitor insights
• Providing guidance on the interpretation / limitations of the Pricing Forecasts
• Providing input into innovative ways of carrying out Forecasting work to improve accuracy and efficiency. This might include data science techniques
• Adhering to high model governance standards

Required Qualifications

• Significant pricing or reserving experience
• Excellent working knowledge of actuarial methods and principles, ideally in a pricing context including the use of Actuarial software
• Experience of working in an insurance pricing role
• Knowledge of price optimisation and the general insurance regulatory environment
• Proficiency in Excel and MS Office or equivalent applications
• Experience of planning and managing projects from inception to completion within business timelines
• A passion for sharing knowledge in an informative and engaging way to upskill the Pricing team and build Allianz's reputation as industry leaders in pricing

Preferred

• Actuarial qualification
• An understanding of modelling techniques, including GLMs and GBMs and their application to insurance pricing
• Thorough knowledge of Willis Towers Watson's software Radar and Emblem or similar
• Data science skill or experience
• Data handling skills using SAS and/or SQL. Experience in a data science programming language, preferably Python
• Knowledge of Agile project management processes, Microsoft office

Benefits & Compensation

• Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.
• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Additional Information

For any inquiries or to submit your application, please contact: Matthew Mckevitt. We reserve the right to close the ad early if we reach enough applications. Closing date: Join us - Let's Care for Tomorrow Job review. Contract Type: Permanent. Work Experience: Limited Experience. Working Schedule: Flexible working hours. Type of Employment: Regular Employment, Skill development. Performance bonuses. Work-life balance. Shifts: Day shift. Allianz UK.