Senior Pricing Actuary (m/f/d)

February 13, 2024

Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow.

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.  

We are looking for a Senior Pricing Actuary -  24-month Fixed Term Contract based in London or Munich.

Your Team

The Integrated Commercial Pricing team is part of the Chief Technical Office Function, and a sub-stream of the Pricing Transformation team as well as part of the Global Pricing department at Allianz Commercial. It is responsible for driving the pricing infrastructure transformation within Pricing across AZ Commercial globally.

You will join an international department located across London, Munich, Bucharest, Singapore, Chicago, and New York.

The Impact You Will Have
Reporting to the Integrated Commercial Pricing Lead you will join our new Integrated Commercial Pricing team for two years to implement a harmonized single pricing service for MidCorp and LargeCorp to enable scalability of centrally administered business logic. This implementation is building on current Allianz Group solutions (RADAR and Python) and is based on functionality already available and owned by Allianz (GCPA).

Some of your specific responsibilities could include:

  • Function as intermediary between MidCorp and LargeCorp teams with respect to modularisation of pricing algorithm for selected lines of business
  • Collaborate with other stakeholders in Global Pricing and Underwriting
  • Support the implementation of a modular pricing service across a variety of business lines at AZ Commercial (hands-on)
  • Execute impact studies on MidCorp and LargeCorp data to quantify impact, and subsequently communicate results
  • Contribute to the development of the Pricing processes
  • Develop an expert knowledge of the company’s data and data systems
  • Peer review work from other team members

What You’ll Bring to the Role

  • Advanced degree in a quantitative field desirable, preferably with significant emphasis on statistical modelling or machine learning, e.g., Statistics, Data Science, Machine Learning, Computer Science, or a related field
  • Qualified P&C Actuary preferable
  • Comprehensive and strong experience in building and implementing pricing models in the insurance industry for P&C commercial lines
  • Previous Large Corporate pricing experience preferable
  • Strong knowledge of P&C insurance and pricing techniques requiredExperience in building and validating models using statistical software (Python, R, Emblem, SAS, etc.)
  • Conceptual understanding of APIs and their use in cloud applications
  • Strong SQL (or comparable) programming skills
  • Hands-on understanding of a wide range of classical and modern statistical and machine learning methods such as GLMs, decision trees, ensemble and regularization techniques, etc. Experience with Bayesian approaches is desirable
  • Ability to work efficiently and effectively with large data sets from a variety of sources, including both internal and external data
  • Organized, self-motivated, results-oriented, collaborative, and very resourceful
  • Passionate about continuously learning new technical skills
  • Ability to build strong working relationships within the business area
  • Fluent English skills

39420 | Actuarial | Professional | Allianz Commercial | Full-Time | Temporary

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 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 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 turns
From 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 planet
With 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 is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.  

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial 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.

People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email

Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial 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.