Senior Pricing Actuary - Large Corp Liability (m/f/d) – Munich
We are looking for a Senior Pricing Actuary - Large Corp Liability (m/f/d), based in Munich.
Overview
Senior Pricing Actuary responsible for Large Corp Liability within Allianz Commercial. The role supports the Large Corp Liability business line by assessing segment-level profitability, contributing to underwriting strategy, Portfolio Management and Technical Price implementation and reporting. You will be part of an international pricing team and contribute to Case Pricing processes.
The Team
Our Global Pricing Team is a dynamic group of insurance experts dedicated to pricing strategies worldwide. The team has deep understanding of the insurance industry’s nuances and crafts pricing models to keep clients competitive. The team operates 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 support the Large Corp Liability business line, assess profitability, feed into underwriting strategy, Portfolio Management and Technical Price implementation and reporting. You will also be an integral part of the Case Pricing process.
Responsibilities
* Carry out deep-dive profitability reviews (proactive and in response to leading KPIs). Analyze profitability of individual accounts or business segments and ensure results lead to meaningful portfolio actions reflected in technical pricing models.
* Develop and maintain pricing and underwriting tools, refine tools through recalibrations, and develop appropriate statistical pricing methodologies. Identify market trends and recommend pricing adjustments to optimize profitability and competitiveness.
* Monitor outcomes of steering activities following profitability analyses and pricing implementation.
* Utilize advanced actuarial techniques and predictive analytics to assess risk and model pricing scenarios. Collaborate with Global Pricing to enhance pricing accuracy.
* Establish excellent working relationships with Underwriting and senior management to secure 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 data limitations, with proficiency in actuarial modeling software and languages such as Python, R, or SAS.
* Strong collaboration with underwriters for risk assessment and pricing, plus excellent communication and presentation skills to translate complex actuarial concepts for non-technical audiences.
* Proven experience in team collaboration, mentoring juniors, and thriving in fast-paced, changing environments with strategic and innovative thinking.
* Experience applying AI/ML to improve business processes and decision-making is highly beneficial.
* Excellent command of English (written and spoken).
What’s in it for you?
We are committed to nurturing an inclusive environment where everyone belongs. We offer a hybrid working model and can discuss flexible working arrangements.
Let’s care for your financial wellbeing
We offer a competitive 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 support lifelong learning and an environment that fosters innovation, delivery and empowerment.
Let’s care for life’s twists and turns
We support flexible working, health and wellbeing (including private healthcare and parental leave), and career return programs to help you grow.
Let’s care for our society and our planet
We offer opportunities to contribute to a safe, inclusive and sustainable future for our people, industry and clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, serving mid-sized businesses, large enterprises, and special risks with traditional and alternative risk transfer solutions and multinational services.
About Allianz Commercial
Allianz Commercial helps customers prepare for what’s ahead. Learn more about careers at Allianz Commercial. Allianz stands for unity and equal opportunities for all, with an inclusive workplace where people and performance matter.
Contact and Notices
We welcome applications from all qualified candidates. If you need adjustments during the application process, please email agcsglobalcareers@allianz.com. Allianz Commercial does not accept unsolicited resumes from agencies unless a contract is in place.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Finance and Sales
Industries
* Financial Services and Insurance
Note: Referrals increase your chances of interviewing. This role is located in Unterföhring, Bavaria, Germany.
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