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 Pricing Actuary (m/f/d), based in either New York or 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 HaveYou 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:
- 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 actuarial insights on portfolio performance based on internal and external data including identifying, validating and cleansing data sources.
- Review and collaborate with Pricing and Reserving on actuarial analysis for Financial Lines NA, including development and implementation of predictive pricing models and explanation of results to Underwriting management.
- Improve translation of underwriting and portfolio strategy into concrete underwriting actions with impact to pricing and claims, volatility management and risk accumulation.
- Monitor inflation and loss trends and their impact on the portfolio. Advocate for appropriate selections with Pricing and Reserving.
- Manage & drive forward own area of responsibility or project.
- Deliver in-depth analyses, consultancy, and training to improve Financial Lines NA projects and initiatives.
- Keep abreast of leading market practice and drive innovation.
- Peer review work from other team members and mentor, provide guidance to junior team members.
- Bachelor's or Master's Degree in Mathematics, Statistics, or a related discipline, or equivalent experience in a relevant field
- Min 5 years of experience in insurance, preferably spanning multiple actuarial areas.
- Min 5 years of experience with multiple lines of business and preferably multiple types of business. Experience with Financial Lines products is a plus.
- Min 5 years of experience in communication of results to stakeholders.
- Min 5 years proven experience in developing/ enhancing and implementing models / analysis and processes.
- Software proficiency: MS Excel, Word, PowerPoint.
- Proficiency in statistical/programming tools (VBA, SQL, PowerBI, Python, etc.) is a plus.
The annualized base pay range for this role is $115,317 - $231,965. 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, youWe 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 wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K.
Let's care for your opportunities to progressFrom 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 turnsFrom 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 planetWith 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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us 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 company culture.
Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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.#LI-DNP #LI-Hybrid
Nearest Major Market: Chicago
Working at
Allianz
Allianz is a globally recognized leader in insurance and asset management, operating in over 70 countries. With a strong emphasis on risk management and financial solutions, Allianz presents exceptional career opportunities for actuaries. Actuaries at Allianz play a vital role in analyzing intricate data, assessing risks, and developing innovative insurance products tailored to the evolving needs of individuals and businesses. By leveraging their advanced analytical skills and expertise, actuaries help shape the company's strategic decisions and drive its success. Joining Allianz as an actuary means becoming part of a diverse and collaborative work environment that encourages professional growth and fosters creativity. Actuaries benefit from comprehensive training and development programs, including support for actuarial exams and continuous learning opportunities, ensuring they stay at the forefront of their field. With a well-established reputation for financial strength and stability, Allianz offers competitive compensation, attractive benefits, and a supportive culture that recognizes and rewards outstanding performance. Actuaries at Allianz contribute to the company's commitment to protecting what matters most to their customers and helping them achieve their financial goals. By choosing a career at Allianz, actuaries have the chance to make a significant impact on the industry, work with a diverse range of professionals, and play a key role in shaping the future of insurance and asset management.