Senior Pricing Actuary - Large Corp Liability (m/f/d)

Job Level: Professional

Location:

Unterföhring (bei München), DE, 85774

Area of Expertise: Actuarial

Unit: Allianz Commercial

Employing Entity: Allianz Global Corporate & Specialty SE

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 82659

Position Cluster: Non-Executive

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 Senior Pricing Actuary - Large Corp Liability (m/f/d), based in Munich.

Your Team

Our Global Pricing Team is a dynamic group of insurance experts dedicated to navigating through the complex landscape of pricing strategies worldwide. With a deep understanding of the insurance industry's nuances, we craft innovative pricing models that ensure our clients remain competitive in a rapidly evolving market. The team is located across London, Munich, Bucharest, Chicago and New York

The Impact You Will Have

Reporting to the Head of Pricing Liability Large Corp, you will join an international team as a senior pricing actuary, who will drive the delivery of sustainable profitability in the Large Corp business segment. You will be supporting the Large Corp Liability business line, in assessing segment-level profitability, feeding into underwriting strategy, Portfolio Management and Technical Price implementation and reporting. Furthermore, you will be an integral part to the Case Pricing process.

Some of your specific responsibilities could include:

Carry out deep-dive profitability reviews (both proactively and in response to concerning leading KPIs). This will involve analysis of the profitability of individual accounts and/or business segments, as required. Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in technical pricing models as appropriate

Develop and maintain pricing and underwriting tools, in particular, this involves refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies. Identify market trends and recommend adjustments to pricing strategies to optimize profitability and competitiveness.

Monitor outcomes of the steering activities, following profitability analyses and pricing implementation

Utilize advanced actuarial techniques and predictive analytics to assess risk and model pricing scenarios. Collaborate with other teams in Global Pricing to enhance pricing accuracy.

Establish an excellent working relationship with Underwriting and senior management to ensure their long-term support for Technical Pricing

Support Allianz Commercial setup and provide Large Corp knowledge to enable enhanced pricing capabilities for Mid and Large Corp.

What You’ll Bring to the Role

Master’s or Ph.D. in Data Science, Applied Mathematics, Statistics, or a comparable discipline.

Qualified P&C Actuary

Strong experience in a pricing-focused actuarial role, ideally within the commercial insurance or reinsurance sector.

Expert knowledge in Commercial Liability Pricing and deep understanding of the Liability product portfolio.

In-depth knowledge of actuarial predictive modeling techniques for international portfolios, including high volatility segments and challenging data availability, with advanced proficiency in actuarial modeling software and statistical computing languages like Python, R, or SAS.

Strong ability to collaborate with underwriters for individual risk assessment and pricing, coupled with excellent communication and presentation skills to translate complex actuarial concepts for non-technical audiences.

Proven experience in team collaboration, mentoring junior professionals, and working effectively in fast-paced, changing environments, demonstrating strong conceptual, strategic, and innovative capabilities.

Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Excellent command of the English language (both written and spoken)

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 recognizes 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 wellbeing

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.

Care to join us?

Allianz Commercial is the center 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.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

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 matters, 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.

Join us. Let's care for tomorrow.

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.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid

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