Senior Actuarial Expert Pricing Oversight

The Pricing Oversight team within the CFO Actuarial department is responsible for bridging the knowledge and activities of the pricing and underwriting departments to the Actuarial department, and to opine on the Pricing assumptions and Underwriting Policy. 

The Impact You Will Have

In this role, your main focus will be to conduct oversight of the Pricing tools and methodology in use, and to support the assessment of the profitability of Allianz Commercial’s insurance portfolios, which will inform the Normalized Loss Ratio calculations and the Loss Reserve estimation.

You will review work from other team members inside the pricing oversight and larger Corporate Actuarial department and provide guidance to junior Actuaries. You will work independently and are able to autonomously acquire the necessary information and methodology to fulfil your tasks. Working at the front lines of the business, the role will involve extensive hands-on data work, as well as discussion and feedback rounds with the pricing actuaries and underwriting departments. 

This is a great opportunity for an inquisitive individual who enjoys the challenge of pushing for answers.

Some of your specific responsibilities could include:

• Promote close collaboration and interaction with the various business areas to foster mutual understanding and cooperation by conducting Pricing Oversight activities and supporting Smart Circles.

• Review and opine on the newly established Pricing tools, and support Pricing with methodological questions and challenges.

• Review major account Pricings and Underwriting action impacts. Support the review of Effective Rate Change calculations and forecasts, and summarize results in a dashboard.

• Prepare and perform actuarial analysis for assigned business areas including documentation, communication and explanation of results.

• Support the annual analysis of the normalized loss ratio for selected lines of business.

• Peer review work from other team members, as well as mentor and provide guidance to junior team members.

• Keep abreast of leading market practice and drive innovation.

• Manage and drive forward own area of responsibility and projects.

What You’ll Bring to the Role

• Degree preferably in Actuarial Sciences, Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline

• Qualified Actuary

• At least 5 years of business experience, preferably spanning multiple actuarial areas

• Demonstrated experience with multiple lines of and preferably multiple types of business

• Experience communicating results to stakeholders, including senior management

• Proven experience in developing/enhancing and implementing models/analysis and processes

• Experience in leading/coordinating projects

• Extensive computer skills (MS Office - including VBA and relevant expert systems such as Matlab, R, SQL or Java, etc.)

• Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, and reporting requirements (e.g., reinsurance and underwriting knowledge, reserving techniques, data flows, etc.);

• Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting

• Quantitative financial and risk modeling know-how and skills

• Excellent communication and presentation skills

• Excellent problem-solving skills with the ability to navigate complexity

• Ability to work in an international and remote environment with excellent intercultural skills 

• Fluent in English