Senior Actuarial Expert - Chicago

Allianz Global Corporate & Specialty

We are newly establishing an expert team within CFO Actuarial that will be responsible for bridging the knowledge and activities of the pricing and underwriting departments to the CFO Actuarial department and that will opine on Pricing assumptions and Underwriting Policy. Our main focus will be to conduct oversight of the Pricing tools and methodology in use and to support the assessment of the profitability of AGCS’ insurance portfolios, which will inform the Normalized Loss Ratio calculations and the Loss Reserve estimation.~crlf~~crlf~You will review work from other team members inside the pricing oversight and larger Corporate Actuarial department and provide guidance to junior Actuaries. You will work independently and are able to autonomously acquire the necessary information and methodology to fulfil your tasks.~crlf~~crlf~Working at the front lines of the business, the role will involve extensive hands-on data work, as well as discussion and feedback rounds with the pricing actuaries and underwriting departments. ~crlf~~crlf~This is a great opportunity for an inquisitive individual who enjoys the challenge of pushing for answers.

##Promote close collaboration and interaction with the various business areas to foster mutual understanding and cooperation by conducting Pricing Oversight activities and supporting Smart Circles.~crlf~##Review and opine on the newly established Pricing tools and support Pricing with methodological questions and challenges.~crlf~##Review major account pricings and underwriting action impacts. ~crlf~##Support the review of Effective Rate Change calculations and forecasts and summarize results in a dashboard.~crlf~##Prepare and perform actuarial analysis for assigned business areas including documentation, communication and explanation of results.~crlf~##Support the annual analysis of the normalized loss ratio for selected LoBs in NA.~crlf~##Peer review work from other team members, as well as mentor and provide guidance to junior team members.~crlf~##Keep abreast of leading market practice and drive innovation.~crlf~##Manage and drive forward own area of responsibility or projects.~crlf~~crlf~

##Bachelor’s Degree (ideally Master’s), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline;~crlf~##ACAS or FCAS designation;~crlf~##At least 5 years of business experience, preferably spanning multiple actuarial areas;~crlf~##Demonstrated experience with multiple lines of and preferably multiple types of business;~crlf~##Experience communicating results to stakeholders;~crlf~##Experience in international working environment desirable, including a willingness to travel;~crlf~##Proven experience in developing/enhancing and implementing models/analysis and processes;~crlf~##Extensive computer skills (MS Office - including VBA and relevant expert systems such as Matlab, R, SQL or Java, etc.); ~crlf~##Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, and reporting requirements (e.g., reinsurance and underwriting knowledge, reserving 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 understand, elaborate and convey information clearly and effectively with respect to the audience/level of management (both verbally and in writing);~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; and~crlf~##Ability to identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation.~crlf~

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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.~crlf~~crlf~We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.~crlf~Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.~crlf~For more information, visit or follow us on Twitter @AGCS_Insurance and LinkedIn.~crlf~~crlf~

You have found the perfect job? It’s time to work on your application. We have some tips for you!

Ready to apply? Train your interview situation upfront through Google Assistant. The platform provides you with information about Allianz useful for your interview preparation, such as:

  • details on the application process
  • Allianz facts & figures
  • information on our corporate culture

How does it work? Let Google Assistant on your smartphone or on your Google Home device know: “Hey Google, I want to talk to Allianz Careers.”

*The Google Voice Assistant is now available in English and German. 

Register/ login to our application system and you will receive a confirmation email with your login data shortly. Fill out the application form. You can upload your data via Xing. Find more information about our password rules in our FAQ.

 Please note that the system cannot process ZIP files, protected PDF formats or attachments larger than 7 MB. You can upload your files in the following formats:

  • PDF
  • MS Office formats (Word, PowerPoint, Excel)
  • Graphics Interchange Format (.gif)
  • Joint Photographic Experts Group format (.jpeg)
  • Joint Photographic Group format (.jpeg)
  • Portable Network Graphics (.png)

Find more information in our FAQ.


Login to our application system and check your personal start page to see the status of your application. You can release your profile so that our recruiters can find you in the system and contact you. Find more information in our FAQ.

Could not find the right job? We can help you with that. Sign up for job alerts! You will automatically receive a personalized job alert when a job that fits your experience and interests becomes available.

When you get invited for a first interview, make sure to check our website to learn more about Allianz as an employer, our culture and values and get some insights to prepare yourself for the interview.

If you experience technical problems with our application system, check our FAQ for more information . Problem still not resolved? Please send an email with your request and a full screenshot of the error message to

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
Development programs, Underwriting & Claims Academy for your career enhancement
7 steps of the application process at Allianz.

From planes and drones to the world’s largest railway tunnel to hurricanes – when it comes to protecting businesses we’ve got the major risks fully covered.