Actuarial Specialist - Pricing (RADAR)

Experience: 2 to 4yrs

Required Skill Sets: Technical/ Core Pricing, RADAR, EMBLEM, SAS, Python, GLM, Commercial Property pricing

Role Description

A new opportunity for a Pricing Analyst - commercial Property Pricing team. The successful candidate will play a key role in planning and delivering models and analysis that underpin the prices we take to market. This work will require a good understanding of both statistical modelling methods and more innovative machine learning techniques.

Responsibilities:

We don't expect you to know everything from day one, but the following will enable you to hit the ground running:

Solid knowledge of relevant statistical modelling methods in particular GLMs

Hands on experience in RADAR and EMBLEM, Radar for pricing modeling and Emblem for demand models build

Knowledge of relevant machine learning techniques in particular GBMs

Proven experience in working with large data sources

Good command of Python, SQL, SAS, Databricks or similar coding languages

Experience of Willis Towers Watson software such as Radar or Emblem

Good understanding of the various elements of a Technical Price, including business expenses, other costs and actuarial/inflation assumptions

Good stakeholder management skills, including communication, expectation management and the ability to convey technical concepts to a non-technical audience.

Ability to build and maintain relationships throughout both the Pricing Department and the wider business.

Your role will vary day to day, but here is a bit of what you can expect:

Assist in planning and carrying out risk model updates continually looking to improve data and processes

Work with different teams and stakeholders to achieve an understanding of their needs, data requirements and expected modelling outcomes

Get hands-on with data from its source right through to modelling and then implementation in rating

Analyse data, interpret output and communicate results to a non-technical audience

Build and test Statistical models and machine learning algorithms

Work with Data Enrichment team to obtain and use third-party and internally-generated data sources to enhance models

Support the business in the deployment of its data solution

Assist in coaching and developing other colleagues within the team to ensure constant up-skilling.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.