Pricing Actuary - Remote Chicago

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    Using actuarial experience, knowledge of external market forces, and awareness of industry trends, assist management with developing business strategies and with solving complex business problems. Responsible for generating and analyzing complex data used in actuarial computation and documentation for pricing, product development, forecasting, regulatory filings, or other actuarial research. May be responsible for identifying and communicating the profit and loss implications of underwriting and financial decisions for a business unit or regional profit center. ACAS and typically 5 to 10+ years actuarial experience required.

  • Key Responsibilities

    ##Keep abreast of leading market practice and drive innovation.~crlf~##Promote close collaboration and interaction with the various business areas (Group, UW, MM, CFO, etc.) to foster mutual understanding of how business developments impact actuarial drivers in the financials.~crlf~##Manage and drive forward own area of responsibility or project.~crlf~##Develop global actuarial pricing approaches and processes, as well as enhance actuarial models and analyses.~crlf~##Prepare and perform actuarial pricing analysis for assigned business area including documentation, communication and explanation of results.~crlf~##Peer review work from other team members, acting as mentor and providing guidance to junior team members.

  • Key Requirements/ Skills

    ##Business experience, preferable spanning multiple actuarial areas;~crlf~##Experience with multiple lines and types of business;~crlf~##Experience in developing, enhancing and implementing models, analyses and processes;~crlf~##Extensive computer skills (MS Office, VBA and relevant expert systems such as R, SQL, etc.;~crlf~##Knowledge of market dynamics, standard concepts and approaches, regulations/ compliance standards, reporting requirements (e.g., reinsurance and underwriting knowledge, actuarial pricing techniques, data flows, etc.);~crlf~##Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting;~crlf~##Quantitative financial and risk modeling know-how and skills;~crlf~##Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations;~crlf~##Ability to identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation;~crlf~##Ability to anticipate and resolve issues before they transpire.~crlf~##Ability to understand, elaborate and convey information clearly and effectively in respect to the audience/level of management (both verbally and in writing);~crlf~##Proven experience in communicating results to stakeholders;~crlf~##The ability to positively influence others' actions, decisions, opinions or thinking resulting in positive outcomes;~crlf~##Ability to persuade and motivate others without direct authority;~crlf~##Proven experience in international working environment; and~crlf~##Bachelor’s Degree (ideally Masters Degree), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.

  • Additional Information

    **Would consider qualified remote employees located anywhere in the United States**

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

Using actuarial experience, knowledge of external market forces, and awareness of industry trends, assist management with developing business strategies and with solving complex business problems. Responsible for generating and analyzing complex data used in actuarial computation and documentation for pricing, product development, forecasting, regulatory filings, or other actuarial research. May be responsible for identifying and communicating the profit and loss implications of underwriting and financial decisions for a business unit or regional profit center. ACAS and typically 5 to 10+ years actuarial experience required.

Key Responsibilities

##Keep abreast of leading market practice and drive innovation.~crlf~##Promote close collaboration and interaction with the various business areas (Group, UW, MM, CFO, etc.) to foster mutual understanding of how business developments impact actuarial drivers in the financials.~crlf~##Manage and drive forward own area of responsibility or project.~crlf~##Develop global actuarial pricing approaches and processes, as well as enhance actuarial models and analyses.~crlf~##Prepare and perform actuarial pricing analysis for assigned business area including documentation, communication and explanation of results.~crlf~##Peer review work from other team members, acting as mentor and providing guidance to junior team members.

Key Requirements/ Skills

##Business experience, preferable spanning multiple actuarial areas;~crlf~##Experience with multiple lines and types of business;~crlf~##Experience in developing, enhancing and implementing models, analyses and processes;~crlf~##Extensive computer skills (MS Office, VBA and relevant expert systems such as R, SQL, etc.;~crlf~##Knowledge of market dynamics, standard concepts and approaches, regulations/ compliance standards, reporting requirements (e.g., reinsurance and underwriting knowledge, actuarial pricing techniques, data flows, etc.);~crlf~##Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting;~crlf~##Quantitative financial and risk modeling know-how and skills;~crlf~##Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations;~crlf~##Ability to identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation;~crlf~##Ability to anticipate and resolve issues before they transpire.~crlf~##Ability to understand, elaborate and convey information clearly and effectively in respect to the audience/level of management (both verbally and in writing);~crlf~##Proven experience in communicating results to stakeholders;~crlf~##The ability to positively influence others' actions, decisions, opinions or thinking resulting in positive outcomes;~crlf~##Ability to persuade and motivate others without direct authority;~crlf~##Proven experience in international working environment; and~crlf~##Bachelor’s Degree (ideally Masters Degree), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.

Additional Information

**Would consider qualified remote employees located anywhere in the United States**

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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We offer an inclusive environment where everyone can be successful
Working flexibly from different locations – whatever works best for you
We recognize strong performance with attractive rewards
We help you to prepare and plan for your future
Join our truly global team and discover international career opportunities
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