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For Companies At a Glance
- Tasks: Lead pricing analysis and collaborate with teams to enhance actuarial practices.
- Company: Join Allianz, a global leader in insurance with a focus on innovation.
- Benefits: Competitive salary, flexible working, training opportunities, and generous study packages.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: Experience in pricing or reserving, strong actuarial knowledge, and project management skills.
- Other info: Enjoy a dynamic work environment with opportunities for global career growth.
The predicted salary is between 42000 - 84000 £ per year.
Allianz have a new opportunity for a Principal Pricing Analyst covering our offices in Birmingham, Bournemouth, Leeds and London. You will be working with the wider Pricing team and Data Science team to develop and implement best practices. You will deliver project work and analysis to agreed business timescales, influence and interpret project requirements from Pricing meetings and document important decisions and challenges from the 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.
You will participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing‐based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.
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 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 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. This might include data science techniques.
- Adhering to high model governance standards.
Essential Skills
To be successful in this role you will have:
- 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' reputation as industry leaders in pricing.
Desirable Skills
Ideally you will have:
- 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.
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
Principal Pricing Analyst - Actuarial in London employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Pricing Analyst - Actuarial in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Allianz through LinkedIn or industry events. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your actuarial methods and pricing principles. Be ready to discuss how you've applied these in past roles, as real-world examples will make you stand out.
✨Tip Number 3
Show your passion for continuous learning! Mention any relevant courses or certifications you've completed, especially those related to data science or pricing techniques. It’ll show you're committed to growing in the field.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Allianz team.
We think you need these skills to ace Principal Pricing Analyst - Actuarial in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Principal Pricing Analyst role. Highlight your relevant experience in pricing and actuarial methods, and don’t forget to mention any specific software skills you have that align with the job description.
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 a perfect fit for Allianz. Be sure to mention your enthusiasm for continuous learning and collaboration.
Showcase Your Projects: If you've worked on any relevant projects, make sure to include them in your application. Describe your role, the techniques you used, and the outcomes. This will demonstrate your hands-on experience and problem-solving skills.
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to the right team. Plus, you’ll get to explore more about us and what we offer!
How to prepare for a job interview at Allianz
✨Know Your Numbers
As a Principal Pricing Analyst, you'll need to demonstrate your strong grasp of actuarial methods and principles. Brush up on key concepts like GLMs and GBMs, and be ready to discuss how you've applied these in previous roles. Show them you can talk the talk and walk the walk!
✨Showcase Your Project Management Skills
This role involves planning and managing projects from start to finish. Prepare examples of past projects where you coordinated with various stakeholders and met tight deadlines. Highlight your experience with Agile methodologies if applicable, as it shows you're adaptable and organised.
✨Build Relationships
You'll be working closely with different teams, so it's crucial to show your interpersonal skills. Think of examples where you've successfully built relationships or influenced decisions in a team setting. This will demonstrate your ability to collaborate effectively across departments.
✨Stay Ahead of Industry Trends
Allianz values continuous learning, so come prepared to discuss recent trends in pricing and actuarial methodologies. Mention any relevant courses or certifications you've pursued, and be ready to share insights on how these could benefit the company. It shows you're proactive and committed to professional growth.
