At a Glance
- Tasks: Create innovative insurance solutions and collaborate with a diverse team of professionals.
- Company: Join Allianz Commercial, a leader in alternative risk transfer solutions.
- Benefits: Enjoy a competitive salary, hybrid working model, and generous benefits package.
- Other info: Inclusive workplace with opportunities for career development and lifelong learning.
- Why this job: Make a real impact in the insurance industry with cutting-edge technology and data analytics.
- Qualifications: Qualified actuary with strong skills in pricing, coding, and data analytics.
The predicted salary is between 60000 - 80000 £ per year.
We are looking for a Senior Pricing Actuary, based in London.
Your Team
Led by the Head of Portfolio Steering & Pricing ART, you will be part of a lively and diverse group of 14 skilled professionals, including actuaries, business and cat analysts. We are based in Munich, London, New York, and Zurich. We are motivated by creativity, innovation, a "can do" attitude, teamwork and a commitment to technical excellence. Our mission is to deliver results, analyses and insights that empower smart, informed business decisions. We turn uncertainty into opportunity and aim to create sustainable, tailored risk management solutions for our clients and drive ART's continuing success.
The Impact You Will Have
As a Senior Pricing Actuary in our Alternative Risk Transfer (ART) Line of Business, you will be instrumental in creating innovative, bespoke insurance solutions for corporate clients. Your expertise in technical pricing, risk modeling, coding, and data analytics will directly influence the success of our business and our team. Driving the development of our pricing and portfolio steering framework will ensure we remain at the forefront of the industry. Join us and make a significant impact by shaping the future of alternative risk transfer solutions!
Some of your specific responsibilities could include:
- You will collaborate with Underwriters, Cat Analysts, and legal experts to craft innovative policies and explore exciting business opportunities across all ART regions and all our business segments.
- You will be responsible for the technical case pricing of new deals, quantitative risk analyses, peer reviews, and model documentation.
- You will be enhancing ART’s advanced pricing tools and drive their integration with Allianz Commercial platforms, ensuring seamless data connectivity and usability.
- You will further develop and maintain ART's portfolio steering framework, create automated portfolio reports to support informed decision making.
- By leveraging your skills in Python, SQL, and AI tools, you will lead and contribute to impactful data-driven projects.
- You will liaise with the Global Pricing, Global Portfolio Steering, Actuarial, Risk Management and other global functions to stay on top of topics relevant for ART.
What You’ll Bring to the Role
- You have a bachelor’s degree in a relevant field and are a qualified (or nearly qualified) actuary.
- You have at least 5-7 years of relevant experience in the (re)insurance or financial sector, in particular, pricing.
- You possess strong actuarial and data analytics skills, and you enjoy coding in Python and SQL.
- You are familiar with Power BI and, ideally, with Databricks.
- You have excellent communication and presentation skills, capable of conveying complex information clearly to various stakeholders.
- You have proven experience in project steering, with the ability to lead and manage projects effectively.
- You have problem-solving skills, with the ability to identify issues and develop innovative solutions.
- Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision‑making is highly beneficial.
What’s in it for you?
Let’s care about everything that makes you, you. We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognises the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial well‑being. We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress. From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns. From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.
Let’s care for our society and our planet. With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Allianz Commercial is the centre of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what’s ahead.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurture a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies: Allianz Commercial has an in‑house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.
Senior Pricing Actuary (m/f/d) employer: Allianz UK
Allianz Commercial is an exceptional employer that fosters a vibrant and inclusive work culture, where creativity and innovation thrive. With a strong commitment to employee growth, we offer extensive career development opportunities, flexible working arrangements, and a comprehensive benefits package, including private healthcare and generous parental leave. Located in London, you will be part of a diverse team dedicated to shaping the future of alternative risk transfer solutions, making a meaningful impact in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Actuary (m/f/d)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We all know that sometimes it's not just what you know, but who you know that can help you land that Senior Pricing Actuary role.
✨Tip Number 2
Prepare for those interviews! Research the company, understand their values, and be ready to discuss how your skills in technical pricing and data analytics can make an impact. We want to see your passion for innovation and teamwork shine through!
✨Tip Number 3
Showcase your coding skills! If you've got experience with Python, SQL, or AI tools, make sure to highlight that during your conversations. We love seeing candidates who can leverage tech to drive results in pricing and risk management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we’re always looking for talented individuals who are ready to shape the future of alternative risk transfer solutions with us.
We think you need these skills to ace Senior Pricing Actuary (m/f/d)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Pricing Actuary role. Highlight your relevant experience in pricing, risk modelling, and data analytics. We want to see how your skills align 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 this role and how your background makes you a perfect fit. Don’t forget to mention your coding skills in Python and SQL!
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled complex problems in the past. We love candidates who can think outside the box and come up with innovative solutions, especially in the context of pricing and risk management.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Allianz Commercial!
How to prepare for a job interview at Allianz UK
✨Know Your Numbers
As a Senior Pricing Actuary, you'll need to demonstrate your strong actuarial and data analytics skills. Brush up on your technical pricing knowledge and be ready to discuss specific examples of how you've applied these skills in previous roles. Prepare to explain your thought process behind risk modelling and coding in Python or SQL.
✨Showcase Your Team Spirit
Collaboration is key in this role, so be prepared to talk about your experience working with diverse teams. Share examples of how you've successfully collaborated with underwriters, analysts, and legal experts to craft innovative policies. Highlight your ability to communicate complex information clearly to various stakeholders.
✨Be Ready for Problem-Solving
Expect questions that assess your problem-solving skills. Think of specific challenges you've faced in your career and how you developed innovative solutions. This could involve applying AI or machine learning to improve business processes, so have some examples ready to share.
✨Understand the Business Landscape
Familiarise yourself with Allianz Commercial and its position in the market. Research their approach to alternative risk transfer solutions and be ready to discuss how your expertise can contribute to their mission. Showing that you understand their goals will set you apart from other candidates.