Business Analyst

Let’s care for tomorrow.

Your ambitions.  Your dreams.  Your tomorrow.

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

 

 

We are looking for a Business Analyst (m/f/d), based in Chicago.

 

Your Team

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals.  To us, the most important measure of our success is yours. 

 

The Impact You Will Have

You will join the Financial Lines North America Portfolio Steering team as an experienced professional, overseeing a portfolio that includes directors & officers, fiduciary, employment practices and errors & omissions insurance.  Your specific work on pricing, reserving and data analysis will be key inputs in portfolio steering decisions.

 

Some of your specific responsibilities could include:

• Qualitative analysis of the LoB Portfolio in close cooperation with Global. 
• Conduct quantitative and qualitative analyses of trends within LoB area and research LoB specific developments and market trends.
• Promote close collaboration and interaction with the various business areas (Underwriting, Pricing, Reserving, Finance, etc.) to foster mutual understanding of how underwriting strategies impact actuarial drivers in the financials.
• Develop  insights on portfolio performance based on internal and external data including identifying, validating and cleansing data sources.
• Deliver in-depth analyses, consultancy, and training to improve LOB projects and initiatives
• Compile, analyze, and interpret information from both internal and external sources                           
• Support LoB Business Planning, LoB target setting and treaty RI planning on a global level (if applicable).  Review and collaborate with Pricing and Reserving on analysis for LOB, including development and implementation of predictive pricing models and explanation of results to Underwriting management. 
• Monitor inflation and loss trends and their impact on the portfolio. Advocate for appropriate selections with Pricing and Reserving  
• Support global development and implementation of Line Size, Budget, Deductible, Limits and minimum premium strategy for the LoB (quantitative part)                                                                                                                                                                                               

What You’ll Bring to the Role

• 3-5 years experience in International Underwriting P&C Business and/or Actuarial and/or Reinsurance and/or Finance                                  
• 3-5 years experience in understanding of relevant technical and financial analysis of industrial underwriting cases
• 1-3 years experience in successful track of working in complex matrix environments, project experience                                     
• 1-3 years experience of working internationally with good ability for cross border adaption                                          
• 1-3 years experience in strong analytical, numerical and adaptive problem solving skills, using logical and methodological approach     

 

The annualized base pay range for this role is $79,323 - $135,982. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package.  As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

39345 | Actuarial | Professional | Non-Executive | 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 compens