Senior Pricing

Allianz Services is part of Allianz Group, one of the world's leading insurers and asset managers and has succeeded in becoming one individual business segment by combining various businesses from different parent companies. Allianz Services is running service delivery operations in Romania, India, Mauritius and Morocco as well as is operating Consulting hubs in Germany, USA, Italy, France and Singapore with almost 6000 colleagues globally.

The Senior Pricing & Product Analyst will be part of the Actuarial team and plays a pivotal role in supporting Allianz entities with driving company strategy to grow profitable business. This includes ensuring accurate and effective product pricing strategies by developing, updating, and managing sophisticated pricing models and tools. This position also supports key business objectives of Allianz entities by providing manual quotes, conducting portfolio monitoring, and assisting with policy drafting for both new and existing products.

Key Responsibilities:

• Responsible for creating, updating, and maintaining Radar Base tools for pricing accuracy.
• Ensure pricing models are kept up to date to reflect any changes in products or market conditions.

Excel-Based Pricing Models:

• Develop and manage advanced Excel-based pricing models for multiple product lines.
• Continuously refine these models to improve efficiency and accuracy for manual and automated quotes.

Provide Manual Quotes:

• Provide manual quotes for Group Personal Accident (GPA) and large accounts, ensuring accuracy, especially for high-value clients or complex situations.
• Ensure all quotes adhere to company guidelines and regulatory compliance.

Draft Policy Wording for Products:

• Collaborate with the product development and legal teams to draft and update policy wording for new and existing products.
• Ensure that policy documents are accurate, clear, and compliant with regulations.
• Support portfolio monitoring through regular data cleaning, analysis, and the creation of dashboards to assess performance.
• Assist in the preparation of performance reports that guide strategic pricing decisions.

Collaboration with Internal Teams:

• Work with internal stakeholders, such as the underwriting, product development, and legal teams, to provide pricing support and feedback.
• Act as the key contact point for any pricing-related inquiries, troubleshooting issues, and ensuring smooth operation of pricing models.

Capabilities and Qualifications:

• Bachelor's degree in Actuarial science, Mathematics, Statistics, Business, or a related field.
• Actuarial qualifications (FCAS, FIA, FIAA or equivalent), or partial qualification, would be an advantage.
• At least 8 years of experience in pricing using P&C Actuarial methodologies, primarily pricing.
• Proficiency in Microsoft Office, particularly Excel.
• Experience with pricing tools such as Radar Base or other actuarial software.
• Familiarity with IT Platforms like Confluence and Jira.
• Strong analytical skills with the ability to handle large datasets, clean and manipulate data, and derive actionable insights.
• Ability to apply statistical and actuarial principles to pricing challenges and product management.
• Keen attention to detail, particularly when working on manual quotes and drafting policy wording.
• Excellent written and verbal communication skills for drafting policy documents and collaborating with stakeholders across various departments.
• Strong interpersonal skills, with the ability to influence and work effectively in a cross-functional environment.

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.