At a Glance
- Tasks: Lead innovative pricing projects and collaborate with data science teams to enhance actuarial practices.
- Company: Join Allianz, a leader in insurance with a commitment to inclusivity and innovation.
- Benefits: Enjoy flexible working, competitive salary, bonuses, and discounts on insurance products.
- Other info: Embrace a dynamic work environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Experience in pricing or reserving, strong actuarial knowledge, and project management skills.
The predicted salary is between 70000 - 70000 € per year.
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.
Principal Pricing Analyst - Actuarial Pricing in Bournemouth employer: Allianz UK
Allianz is an exceptional employer, offering a dynamic work environment across its Birmingham, Bournemouth, Leeds, and London offices. With a strong focus on employee development, flexible working options, and a commitment to diversity and inclusion, Allianz fosters a culture where innovation thrives and employees are empowered to grow their careers while contributing to meaningful projects in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Pricing Analyst - Actuarial Pricing in Bournemouth
✨Tip Number 1
Network like a pro! Reach out to current employees at Allianz or in the actuarial pricing field. A friendly chat can give us insights into the company culture and maybe even a referral!
✨Tip Number 2
Prepare for those interviews by brushing up on your technical skills. Make sure we can confidently discuss actuarial methods, pricing strategies, and any relevant software like Radar or Emblem.
✨Tip Number 3
Show off our passion for innovation! Be ready to share ideas on how we can improve forecasting accuracy using data science techniques. This will definitely catch their attention!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed and shows we’re serious about joining the Allianz team.
We think you need these skills to ace Principal Pricing Analyst - Actuarial Pricing in Bournemouth
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Principal Pricing Actuarial Analyst role. Highlight your pricing experience and any relevant actuarial methods you've used, as this will show us you're a great fit for the team.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing and how your background makes you the ideal candidate. Don’t forget to mention your experience with data science techniques if you have them!
Showcase Your Project Management Skills:Since you'll be coordinating projects, it's essential to demonstrate your project management experience. Share specific examples of projects you've managed from start to finish, especially those related to pricing or actuarial work.
Apply Through Our Website:We encourage you to apply directly through our website. This way, we can ensure your application gets the attention it deserves, and you’ll be one step closer to joining our awesome team at Allianz!
How to prepare for a job interview at Allianz UK
✨Know Your Numbers
As a Principal Pricing Actuarial Analyst, you'll need to demonstrate your expertise in actuarial methods and principles. Brush up on key concepts like GLMs and GBMs, and be ready to discuss how you've applied these techniques in previous roles. Show them you can not only crunch numbers but also interpret what they mean for pricing strategies.
✨Showcase Your Project Management Skills
You'll be coordinating projects from inception to completion, so be prepared to share specific examples of how you've managed similar tasks in the past. Highlight your experience with Agile methodologies and any tools you've used to keep projects on track. This will show that you can handle the business timelines effectively.
✨Build Relationships
The role involves working closely with various stakeholders, so it's crucial to demonstrate your relationship-building skills. Think of examples where you've successfully collaborated with teams or influenced decisions. This will help convey that you're not just a numbers person, but also a team player who can communicate effectively.
✨Stay Ahead of the Curve
Allianz values innovation, so be ready to discuss how you stay updated on industry best practices and competitor insights. Share any experiences where you've implemented new techniques or technologies to improve accuracy and efficiency in your work. This shows that you're proactive and committed to continuous improvement.
