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Pricing Actuary (m/f/d) Based in London or Munich

Job Level:  Professional

London, GB, EC3V 0HR München, DE, 81737 Unterföhring (bei München), DE, 85774

Due Date:  ASAP
Area of Expertise:  Actuarial
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  10859

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.


Job Purpose/ Role 

The Global Pricing team is part of the Chief Underwriting Office at AGCS and is responsible for understanding AGCS portfolios and their performance and for ensuring the pricing tools are calibrated to secure AGCS’s future profitability. You will join an international team located across London, Munich, Bucharest, Chicago and New York.


AGCS is undergoing a dynamic shift in its data landscape and is looking to expand its Global Pricing team to leverage this data to generate new insights in the portfolio performance and pricing analyses. In this role, you will report to the Head of Pricing Enablement and support him to:

  • drive cross lines of business pricing best practices to support the lines of business pricing actuaries,
  • drive pricing technical excellence cross lines of business
  • and ensure AGCS long term agility in making pricing improvements. 




In this role you will…


  • Support the delivery of cross lines of business pricing best practices
  • Support the Head of Pricing Enablement in the development of future cross lines of business pricing best practices:
    • Support the roll out of the Pricing Governance including the establishment of a Pricing Steering Committee
    • Support the creation of the “Pricing Framework” roadmap; this roadmap will include where processes can be aligned cross lines of business, where pricing can be modularized, and where tools can be build to make pricing and changes to the pricing more efficient 
    • Work with the lines of business pricing actuaries and other pricing support teams to enable the delivery of the Pricing Framework roadmap
  • Support the existing cross lines of business pricing processes:
    • Lead the ongoing development, maintenance and calibration of the case pricing tool to be used for pricing direct and delegated authority business. In particular, this involves ongoing refinement and maintenance of the tool and any methodology, benchmarks or calculations therein
    • Support the development of reporting dashboards and applications. Support the development of databases, processes, data flows, and reporting related to case pricing and delegated authority business
    • Deliver comprehensive reporting on delegated authority business across AGCS
    • Understand market developments globally and ensure that loss trends and relevant benchmarks are understood and reflected in our pricing activities. Facilitate trend committee to deliver segment level retrospective and prospective claims trend
  • Develop an expert knowledge of the company’s IT landscape, data and data systems
  • Support projects which affect the use of technical pricing and promote the use of technical pricing at AGCS
  • Establish an excellent working relationship with the lines of business pricing actuaries and other AGCS departments to ensure their long-term support for the Pricing Framework and the work of the Pricing Enablement team
  • Support education, understanding, buy-in and usage of pricing across the organization

To be successful in the role:


You will be/ have…


  • A qualified P&C Actuary with at least 3 years experience in a technical pricing environment
  • Strong mathematical and analytical skills with great attention to detail
  • Experience in the development of strong end to end solutions, all the way through from problem definition to full analysis to development of actionable recommendations
  • Self-motivated / proactive with natural curiosity to ask probing questions and ensure that those questions lead to appropriate action
  • Results orientation with a proven track-record of delivering on-time projects and process improvements
  • Partnering mentality with the ability to build strong working relationships with peers, management and the business areas

Ideally you will also be/ have…


  • Experience in large corporate and specialty lines a strong advantage
  • Experience in the development and data-driven calibrations of pricing tools, both exposure and experience rating as well as broader case pricing
  • Project based experience including management of multiple stakeholders
  • Knowledge of VBA, Python and/or SQL an advantage
  • Experience in an international working environment


The benefits of joining AGCS


  • Hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world 
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance 
  • A competitive compensation and benefits package including generous bonus scheme  
  • Continuous learning: A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: You will be accepted for who you are and empowered to use your voice to help others find theirs


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. 


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.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals.Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally. 


In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This is  an exciting time to join AGCS as we continue on our journey of  transformation, regaining market leadership and achieving success  together. You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.


Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.


Let’s care for tomorrow.