This listing is for a Principal Pricing Actuarial Analyst covering offices in Birmingham, Bournemouth, Leeds and London. You will work with the wider Pricing team and Data Science team to develop and implement best practices, deliver project work and analysis to agreed business timescales, and influence and interpret project requirements.
Responsibilities
- Build an automated process to project claims to ultimate using best‑practice techniques, including developing a claims monitoring process.
- Work with stakeholders to ensure robust inputs into the Forecast.
- Coordinate the roll‑out of the new Forecast across all Products.
- Collaborate with Technical Pricing teams to ensure the technical premium models reflect the latest view of risk.
- Stay abreast of industry best practices on actuarial methodologies and competitor insights.
- Provide guidance on the interpretation and limitations of the Pricing Forecasts.
- Suggest innovative ways to carry out Forecasting work to improve accuracy and efficiency, including the use of data‑science techniques.
- Adhere to high model governance standards.
Essential Skills
- Significant pricing or reserving experience.
- Excellent working knowledge of actuarial methods and principles, ideally in a pricing context, including use of actuarial software.
- Experience in an insurance pricing role.
- Knowledge of price optimisation and the general insurance regulatory environment.
- Proficiency in Excel and MS Office or equivalent applications.
- Experience of planning and managing projects from inception to completion within business timelines.
- A passion for sharing knowledge in an informative and engaging way to up‑skill the Pricing team and build Allianz’s reputation as industry leaders in pricing.
Desirable Skills
- Actuarial qualification.
- Understanding of modelling techniques, including GLMs and GBMs, and their application to insurance pricing.
- Thorough knowledge of Willis Towers Watson’s software Radar and Emblem or similar.
- Data‑science skill or experience.
- Data‑handling skills using SAS and/or SQL; experience in a data‑science programming language, preferably Python.
- Knowledge of Agile project‑management processes.
- Responsible AI usage.
Benefits
- Competitive salary of approximately £70,000 per year (subject to experience and location).
- Flexible working options including hybrid working.
- Annual performance‑related bonus.
- Contributory pension scheme.
- Development days and other training opportunities.
- Discounts up to 50% on a range of insurance products including car, home and pet.
- Retail discounts.
- Volunteering days.
Equal Opportunity Employer
Allianz is an equal‑opportunity employer committed to fostering an inclusive workforce. We welcome applications from all backgrounds, including those who identify as LGBTQ+, women, people of colour, disabled candidates and members of the neuro‑diverse community. Our commitment to diversity is supported by accreditation as an EDGE-certified, Stonewall Diversity Champion, Disability Confident employer and other recognitions.
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