Risk Selection Manager (Standard Broker Motor)

Allianz; London; Hybrid; GBP 70,000 - 81,000; Full time

Job summary

Join Allianz as a Risk Selection Manager in London, where you will lead strategies that ensure profitability in the motor insurance market. You'll work closely with portfolio managers and stakeholders, utilizing your data analysis and financial modelling skills while offering support in a hybrid working environment. The role promises professional growth with excellent benefits, including flexible holidays and a contributory pension scheme.

Benefits

Flexible buy/sell holiday options

Hybrid working

Annual performance related bonus

Contributory pension scheme

Development days

Discounts on insurance products

Retail discounts

Volunteering days

Qualifications

• Experience in working with the external Broker marketplace.
• Proven leadership skills and ability to drive financial performance.

Responsibilities

• Lead and implement strategies for profitability and compliance in UK motor insurance.
• Conduct data-driven analysis to make informed business decisions.

Skills

Financial modelling

Data analysis

Statistical modelling

Problem-solving

Communication

Education

Bachelor's degree in finance, economics, actuarial science, business administration, or related field

Master's degree or professional certifications (e.g. FIA, ACII)

Tools

SQL

Python

WTW Radar

Job description

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Role Description

As a Risk Selection Manager, you will lead and implement strategies to ensure the profitability and compliance of AZ Broker within the UK motor insurance market.

Salary Information

Pay: Circa £70,000 per year.

Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

About You

Your role will vary day to day, but here is a bit of what you can expect:

• Work with Portfolio manager and establish a statistically robust actual versus expected claims monitoring process for large broker portfolios.
• Build and maintain excellent working relationships with key stakeholders within AZP.
• Conduct "deep dives" into areas of limited exposure and recommend adjustments based on data and expert judgment.
• Recommend changes and overlays to technical cost models owned by the Pricing Technical Excellence team based on analysis and insight.
• Ensure the broker portfolios are actively traded, accurately priced, and aligned with competitive market standards.
• Be accountable for the quality of the output from your team, ensuring all recommendations are based on accurate data and insight.
• Ensure proposals are internally debated/challenged to achieve a technical excellent standard, leading to informed business decisions and presenting a range of scenarios where appropriate.
• Work extensively within WTW Radar to predict outcomes of various pricing and underwriting options and be able to confidently provide a recommendation to key stakeholders.

Essential Skills

We don't expect you to know everything from day one, but the following will enable you to hit the ground running:

• Educational Background: A bachelor's degree in finance, economics, actuarial science, business administration, or a related field. A master's degree or professional certifications (e.g. FIA, ACII) might be preferred.
• Technical Expertise: Proficiency in financial modelling, budgeting, and cost analysis, with an understanding of statistical models and their application in pricing.
• Experience working successfully with the external Broker marketplace.
• Proficiency in data analysis and statistical modelling tools (e.g. SQL, Python, WTW Radar).
• Strong problem-solving skills and attention to detail
• Excellent verbal and written communication skills to effectively interact with stakeholders and present findings.
• Business Acumen: Familiarity with UK insurance markets and insurance regulations, with the ability to identify market trends and opportunities.
• Leadership Skills: Proven track record in driving financial performance and ensuring compliance with regulations, and ability to lead a team effectively.
• Resilience - able to accept challenge and debate to decisions / recommendations with senior stakeholders.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:

• 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

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & Inclusion

At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community's Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it's assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

[e-mail]

For any inquiries or to submit your application, please contact: Matthew Mckevitt

We reserve the right to close the advert early if we reach enough applications.

Closing date 22/07/2025

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