Principal Pricing Analyst - Actuarial Pricing in Birmingham

Allianz has a new opportunity for a Principal Pricing Actuarial 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 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.

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

As the Principal Pricing Actuarial Analyst, you will be responsible for:

• 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, which might include data science techniques.
• Adhering to high model governance standards.

Essential Skills

• 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.

Desirable Skills

• 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.
• Responsible AI usage.

Benefits

• 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, we’ll do everything we can to make it happen. We are signatories of the ABIs flexible working charter and support hybrid work patterns that balance the needs of our customers, with your personal circumstances and our business requirements.

Integrity, Fairness, Inclusion & Trust

At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation is demonstrated by our numerous accreditations, including EDGE certification for gender inclusion, Women in Finance Charter membership, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatory, and Armed Forces Covenant gold standard employer. We embrace neurodiversity and welcome applications from neuro‑divergent and disabled candidates, offering tailored adjustments to ensure their success. We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.