Manager-Actuarial
IN
Duties and Responsibilities
- Lead a team of actuarial analysts/senior actuarial analysts
- Assist the management in business development activities
- Act as a point of contact for the stakeholders of the Allianz operating entities assigned
- Contribute to the growth of actuarial function at other Allianz services locations
- Provide pricing recommendations and insights to internal stakeholders, reflecting competitive and commercial considerations to achieve strategic objectives.
- Develop and implement best practice pricing models, including claims, quote conversion, customer retention and pricing scenarios.
- Take ownership of and continual refinement of the rating and pricing models, by utilising advanced analytics techniques, extensive data and relevant industry leading tools/technologies.
- Monitor the performance of implemented initiatives to support continuous refinement of pricing models and pricing strategy.
- Contribute to the development of product strategy and support its implementation.
- Identify opportunities to drive innovation and make improvements in processes, products and services.
- Implement the pricing governance framework by performing and continually improving controls and governance around pricing processes.
- Analyzing, optimizing and creating financial models that form the basis of insurance products
- Providing thorough analyses of complex data
- Implement, maintain and enhance pricing tools on the Radar platform, contribute to the design of Radar software enhancements
- Work together with pricing and underwriting teams to understand and ensure accurate delivery of their requirements
- Ensure the quality of pricing tool updates including peer reviewing and comprehensive testing
- Collaborate effectively with IT on the integration of the pricing tools within IT landscape
- Provide support on the various modeling initiatives and ensure proper documentation is in place
- Contribute to the process improvement initiatives
Qualification, Experience and Skills
- Master’s degree in Actuarial Science/Statistics/Mathematics/B.Tech with good academic background
- Student member of a recognized Actuarial Institute such as IFoA, IAI, SOA etc. and have cleared at least 8 actuarial exams, preferably with Actuarial Associateship qualification
- Minimum 10 years of relevant experience in P&C insurance domain, specialized in pricing
- Team management experience of managing a small/medium team
- Delivery of Radar solutions for multiple insurance products/lines
- Proficient in Emblem, Radar Base, knowledge in Radar’s reporting functionality preferred and experience in deploying Radar models to a Radar Live environment constitutes an advantage
- Partnering mentality with the ability to build strong working relationships with peers, management and the business areas
- Strong programming skills: Excel, VBA, SAS, Python
- Good communication skills, both verbal and written, with ability to interact with customers from different geographical areas
- Good with Microsoft Office tools such as Excel, Access, Word, PowerPoint
- Possesses sound knowledge of SQL and can work with databases
- Excellent analytical skills with attention to details
- Prior experience in managing small to medium sized teams
100088 | Actuarial | Professional | Non-Executive | Allianz Services | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.
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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, 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.
Join us. Let's care for tomorrow.
Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz‘ company culture. One means to achieve this is a regular rotation of Allianz employees across functions, Allianz entities and geographies. Therefore, Allianz expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.
