At a Glance
- Tasks: Develop advanced pricing models and strategies to optimise product offerings.
- Company: Join Allianz, a leading global insurance brand with a focus on innovation.
- Benefits: Enjoy flexible working, competitive salary, and access to top training platforms.
- Why this job: Make a real impact in pricing strategies while enhancing your skills in a supportive environment.
- Qualifications: Experience in statistical modelling, machine learning, and large data sources is essential.
- Other info: Diversity and inclusion are at our core; we welcome all applicants.
The predicted salary is between 50400 - 72000 £ per year.
Role DescriptionAllianz are currently seeking a highly skilled Principal Pricing Analyst to join their Motor Technical Pricing team and contribute to our success by developing sophisticated pricing models and strategies. This role will be hybrid from our office in London.
The Principal Pricing Analyst in our Motor Technical Pricing Team will be responsible for building and implementing advanced pricing models to optimize our product offerings and enhance profitability.
You\’ll participate in the Allianz Global P&C Academy, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Allianz Insurance supports professional qualifications, such as IFoA and CII, where considered appropriate for the business and the individual.
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 InformationPay: Circa £63,000 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 YouYour role will vary day to day, but here is a bit of what you can expect:
Playing a leading role in the development, enhancement and review of our pricing models, including design of modelling plans, data preparation, creation of models and overlaying wider techniques (e.g. credibility).
Contributing to the development of pricing structures and strategies to achieve growth and profitability objectives.
Be involved in back testing and analysis of the impact of the models to propose necessary adjustments to the price.
Ensuring business objectives are clearly understood when planning projects, and our technical deliveries are robust with clear communication to stakeholders to drive adoption.
Driving innovation and an increased sophistication into our Pricing approach, including managing projects to provide new insight through additional data sources.
Sharing and promoting knowledge, skills and best working practices within the team.
Deputising for the manager and supporting the development of junior members of the team.
Essential SkillsWe don\’t expect you to know everything from day one, but the following will enable you to hit the ground running:
Solid knowledge of relevant statistical modelling methods – in particular GLMs.
Knowledge of relevant machine learning techniques – in particular GBMs.
Proven experience in working with large data sources.
Good command of Advanced Excel, Python, SQL, SAS, Databricks or similar coding languages.
Experience of WTW\’s Radar and Emblem.
Good understanding of the various elements of a Technical Price, including business expenses, other costs and actuarial/inflation assumptions.
Good stakeholder management skills, including communication, expectation management and the ability to convey technical concepts to a non-technical audience.
Ability to build and maintain relationships throughout both the Pricing Department and the wider business.
What We Will Offer YouRecognised 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 WorkingDo 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 & InclusionAt 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 AllAs 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.
Hr-recruitment@allianz.co.uk
Matthew Mckevitt
Closing date08/12/25
#LI-Hybrid
81417 | Actuarial | Professional | Non-Executive | Allianz UK | Full-Time | Permanent
Join us – Let\’s Care for Tomorrow.#J-18808-Ljbffr
Principal Technical Pricing Analyst employer: Allianz UK
Contact Detail:
Allianz UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Technical Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Allianz through LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss statistical modelling methods and machine learning techniques. Practice explaining complex concepts in simple terms – it’ll impress the non-technical folks!
✨Tip Number 3
Show off your passion for continuous learning! Mention any relevant courses or certifications you've completed, especially those related to pricing models or data analysis. Allianz loves candidates who are keen to grow and develop their skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the Allianz team. Good luck!
We think you need these skills to ace Principal Technical Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Principal Pricing Analyst role. Highlight your experience with statistical modelling methods and any relevant coding skills like Python or SQL. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing analysis and how you can contribute to our Home Technical Pricing team. Be sure to mention any specific projects or achievements that showcase your skills.
Showcase Your Skills: In your application, don't just list your skills—show us how you've used them in real-world scenarios. Whether it's developing pricing models or managing stakeholder communications, we want to know how you've made an impact in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy to do!
How to prepare for a job interview at Allianz UK
✨Know Your Models Inside Out
Make sure you have a solid understanding of the statistical modelling methods relevant to the role, especially GLMs and GBMs. Be prepared to discuss how you've applied these techniques in past projects and how they can enhance pricing strategies.
✨Showcase Your Data Skills
Since you'll be working with large data sources, brush up on your skills in Advanced Excel, Python, SQL, and SAS. Bring examples of how you've used these tools to drive insights or improve pricing models in previous roles.
✨Communicate Like a Pro
Strong stakeholder management is key. Practice explaining complex technical concepts in simple terms, as you'll need to convey your ideas to non-technical audiences. Think of examples where you've successfully communicated with stakeholders in the past.
✨Emphasise Continuous Learning
Allianz values continuous learning, so highlight any professional qualifications or training you've pursued, like IFoA or CII. Mention how you stay updated with industry trends and how you can contribute to the team's knowledge-sharing culture.