Senior Actuarial Expert (m/f/d) Pricing Oversight

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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 Actuarial Expert (m/f/d), based in Munich to join the Pricing Oversight team.
 
Your Team
The Pricing Oversight team within the CFO Actuarial department is responsible for bridging the knowledge and activities of the pricing and underwriting departments to the Actuarial department, and to opine on the Pricing assumptions and Underwriting Policy. 

The Impact You Will Have
In this role, your main focus will be to conduct oversight of the Pricing tools and methodology in use, and to support the assessment of the profitability of Allianz Commercial’s insurance portfolios, which will inform the Normalized Loss Ratio calculations and the Loss Reserve estimation.
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. 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. 
This is a great opportunity for an inquisitive individual who enjoys the challenge of pushing for answers.

Some of your specific responsibilities could include:

• 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.
• Review and opine on the newly established Pricing tools, and support Pricing with methodological questions and challenges.
• Review major account Pricings and Underwriting action impacts. Support the review of Effective Rate Change calculations and forecasts, and summarize results in a dashboard.
• Prepare and perform actuarial analysis for assigned business areas including documentation, communication and explanation of results.
• Support the annual analysis of the normalized loss ratio for selected lines of business.
• Peer review work from other team members, as well as mentor and provide guidance to junior team members.
• Keep abreast of leading market practice and drive innovation.
• Manage and drive forward own area of responsibility and projects.

What You’ll Bring to the Role

• Degree preferably in Actuarial Sciences, Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline
• Qualified Actuary
• At least 5 years of business experience, preferably spanning multiple actuarial areas
• Demonstrated experience with multiple lines of and preferably multiple types of business
• Experience communicating results to stakeholders, including senior management
• Proven experience in developing/enhancing and implementing models/analysis and processes
• Experience in leading/coordinating projects
• Extensive computer skills (MS Office - including VBA and relevant expert systems such as Matlab, R, SQL or Java, etc.)
• 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.);
• 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
• Quantitative financial and risk modeling know-how and skills
• Excellent communication and presentation skills
• Excellent problem-solving skills with the ability to navigate complexity
• Ability to work in an international and remote environment with excellent intercultural skills 
• Fluent in English
   

60976 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent

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.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.
 

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.

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