Senior Pricing Actuary - Large Corp Liability (m/f/d)

<p> </p> <p><strong><span><span>Let’s</span><span> care for tomorrow.</span></span><span> </span></strong></p> <p><strong><span><span>Your ambitions</span><span>.  </span><span>Your dreams</span><span>.  </span><span>Your tomorrow</span></span><span> </span></strong></p> <p><span> </span></p> <p><span>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.</span><span>  </span><span> </span></p> <p> </p> <p><span>We are looking for a </span><span><strong>Senior Pricing Actuary - Large Corp Liability</strong></span><span><strong> (m/f/d)</strong>, based in Munich.</span><span> </span></p> <p><span> </span><span> </span></p> <p><strong><span>Your Team </span><span> </span></strong></p> <p><span>Our Global Pricing Team is a dynamic group of insurance experts dedicated to navigating through the complex landscape of pricing strategies worldwide. With a deep understanding of the insurance industry's nuances, we craft innovative pricing models that ensure our clients remain competitive in a rapidly evolving market. The team is located across London, Munich, Bucharest, Chicago and New York</span><span> </span></p> <p><span> </span></p> <p><strong><span><span>The </span><span>Impact You Will Have </span></span><span> </span></strong></p> <p><span>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 be supporting the Large Corp Liability business line, in assessing segment-level profitability, feeding into underwriting strategy, Portfolio Management and Technical Price implementation and reporting. Furthermore, you will be an integral part to the Case Pricing process. </span><span> </span></p> <p><span> </span></p> <p><strong><span><span>Some of your specific responsibilities could include:</span></span> <span> </span></strong></p> <ul> <li> <p><span>Carry out deep-dive profitability reviews (both proactively and in response to concerning leading KPIs). This will involve analysis of the profitability of individual accounts and/or business segments, as required. Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in technical pricing models as appropriate</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Develop and maintain pricing and underwriting tools, in particular, this involves refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies. Identify market trends and recommend adjustments to pricing strategies to optimize profitability and competitiveness. </span><span> </span></p> </li> </ul> <ul> <li> <p><span>Monitor outcomes of the steering activities, following profitability analyses and pricing implementation</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Utilize advanced actuarial techniques and predictive analytics to assess risk and model pricing scenarios. Collaborate with other teams in Global Pricing to enhance pricing accuracy.</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Establish an excellent working relationship with Underwriting and senior management to ensure their long-term support for Technical Pricing </span><span> </span></p> </li> </ul> <ul> <li> <p><span>Support Allianz Commercial setup and provide Large Corp knowledge to enable enhanced pricing capabilities for Mid and Large Corp. </span><span> </span></p> </li> </ul> <p><span> </span></p> <p><strong><span><span>What </span><span>You’ll</span><span> Bring to the Role</span></span><span> </span></strong></p> <ul> <li> <p><span>Master’s or Ph.D. in Data Science, Applied Mathematics, Statistics, or a comparable discipline.</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Qualified P&amp;C Actuary</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Strong experience in a pricing-focused actuarial role, ideally within the commercial insurance or reinsurance sector.</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Expert knowledge in Commercial Liability Pricing and deep understanding of the Liability product portfolio. </span><span> </span></p> </li> </ul> <ul> <li> <p><span>In-depth knowledge of actuarial predictive modeling techniques for international portfolios, including high volatility segments and challenging data availability, with advanced proficiency in actuarial modeling software and statistical computing languages like Python, R, or SAS.</span><span> </span></p> </li> </ul> <ul> <li> <p><span>Strong ability to collaborate with underwriters for individual risk assessment and pricing, coupled with excellent communication and presentation skills to translate complex actuarial concepts for non-technical audiences.</span><span> </span></p> </li> </ul> <ul> <li> <p>