Pricing Actuary (m/f/d)
München, DE, 81737 Unterföhring (bei München), DE, 85774
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a Pricing Actuary (m/f/d), based in Munich, to join our Global Pricing team.
Your Team
Our team is committed to driving innovation and staying ahead of market practices while delivering impactful actuarial insights. We work across multiple offices to support operating entities, fostering global alignment and consistency in approaches and processes. By collaborating closely with underwriting, market management, finance, and other partners, we ensure business developments are fully understood in actuarial terms. We enhance models, refine methodologies, and provide robust documentation, testing, and project support. Through peer review, mentoring, and knowledge-sharing, we build a collaborative, forward-thinking environment that empowers both local teams and global initiatives to achieve measurable business impact.
The Impact You Will Have
You will play a pivotal role in delivering high-quality actuarial analysis, supporting pricing decisions, and strengthening global alignment across multiple offices. By fostering collaboration with underwriters, finance, market management, group functions, and OEs, you will ensure business insights are embedded into financial outcomes and strategies. Your expertise in data improvement, model enhancement, and project delivery will support innovation and consistency in actuarial approaches. Through peer review, mentoring, and cross-regional engagement, you will uplift team capability and contribute to building globally aligned actuarial practices, ultimately driving stronger decision-making and long-term value creation across the organization.
Some of your specific responsibilities could include:
-
Prepare and perform actuarial analysis for assigned business areas, including documentation, communication, and explanation of results.
-
Continuously improve and maintain the data landscape to support pricing tasks and actuarial functions.
-
Develop, enhance, and apply global actuarial models, approaches, and processes.
-
Provide project support through documentation, testing, and validation of deliverables.
-
Collaborate closely with underwriters, market management, finance, group functions, and other actuarial teams to align business insights with financial outcomes.
-
Balance business requirements of Underwriting/LOBs with available resources and global priorities.
-
Stay abreast of market practices and drive innovation within actuarial work.
-
Peer review the work of colleagues and provide mentoring and guidance to junior team members.
-
Support multiple offices and Operating Entities (OEs), contributing to global alignment and consistency of actuarial practices.
What You’ll Bring to the Role
-
Excellent tertiary qualification (ideally Master’s) in Mathematics, Statistics, or related discipline, or equivalent experience; progress toward actuarial professional qualifications preferred.
-
Strong computer skills, including MS Office (Excel/VBA) and expert systems such as Python, R, or SQL.
-
Solid knowledge of market dynamics, actuarial standards, regulatory/compliance requirements, and reporting practices (e.g., reinsurance, reserving, underwriting, data flows).
-
3-5 years finance and insurance expertise (ideally P&C), with an understanding of group complexities (consolidation processes, legal vs. management view).
-
Proven quantitative financial and risk modeling skills.
-
Broad business experience, preferably across multiple actuarial areas and different lines of business.
-
Demonstrated ability to communicate and present actuarial results clearly to stakeholders at all levels.
-
Experience in an international environment, including collaboration across borders and business travel.
-
Hands-on contribution to the development, enhancement, and implementation of models, analyses, and processes.
-
Strong analytical thinking and numeracy skills, with ability to distill key issues from complex/ambiguous data.
-
Excellent problem-solving skills, with the ability to take initiative and follow through on remediation.
-
Strong influencing skills, with ability to persuade and motivate without direct authority.
-
Fluent English skills, any other languages advantageous
-
A willingness to learn and explore how AI can enhance your role and the broader organization is expected
80724 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent
