At a Glance
- Tasks: Analyse complex datasets and develop innovative pricing models using machine learning.
- Company: Join Allianz, a trusted leader in insurance and asset management.
- Benefits: Empowering personal development, flexible work-life balance, and global career opportunities.
- Other info: Inclusive workplace that values diversity and encourages growth.
- Why this job: Make a real impact on pricing strategies while working with cutting-edge technology.
- Qualifications: Degree in relevant field and strong Python programming skills required.
The predicted salary is between 63000 - 77000 £ per year.
Key responsibilities:
- Data Exploration & Analysis: Analyse, interpret, and prepare complex insurance datasets, ensuring data quality and appropriateness for actuarial modeling and insights.
- Model Development & Innovation: Develop and maintain advanced actuarial and machine learning pricing models. Research and validate underlying actuarial assumptions to ensure robust, business-ready models. Contribute to innovation across pricing and underwriting functions, identifying enhancements for increased accuracy and efficiency.
- Insights & Communication: Translate complex data insights and pricing results into clear, actionable recommendations for both technical and non-technical stakeholders. Bridge the gap between analytics and underwriting teams.
- Governance & Reporting: Produce high-quality rate monitoring reports with comprehensive audit trail documentation. Build and monitor pricing reserving development and predicted loss ratios.
- Pricing Tools & Systems: Support ongoing development, maintenance, and validation of pricing tools and systems.
- Cross-Functional Collaboration: Work closely with global underwriters, finance, operations, and network teams to deliver integrated pricing solutions.
- Data/AI: Drive innovation and create new business opportunities by utilizing Generative AI and Emerging Technologies. Optimize data flow and storage across systems through effective Data Management.
What you bring:
- Essential: Degree in Mathematics, Physics, Statistics, Data Science, or related field. Experience in actuarial science or management. Strong Python programming skills (essential). Expertise in large-scale data management and analysis. Ability to thrive in a global, collaborative environment. Driven, hands-on mindset with a passion for problem-solving.
- Preferred: Actuarial pricing or data science modelling experience. Reserving experience. Proficiency in Excel VBA, WTW RADAR, and Emblem. Actuarial qualifications or progress toward professional certification.
Key benefits/What we offer:
Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey. We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to provide you with peace of mind and give the flexibility in planning and arranging for a better work-life balance.
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 nurtures 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.
Pricing & Actuarial Expert- RSA in Whitehall employer: Allianz
At Munich Re Specialty – Global Markets, we pride ourselves on being an exceptional employer that fosters a culture of support, innovation, and inclusivity. Our commitment to employee growth is reflected in our comprehensive benefits package, including generous annual leave, a non-contributory pension, and opportunities for professional development. Located in a vibrant community, we not only focus on individual success but also encourage our team to engage in local initiatives, making a meaningful impact both within and outside the workplace.
