Overview
Join to apply for the Principal Pricing Analyst - Actuarial Pricing 1 role at Allianz UK.
Role Description: Allianz have a new opportunity for a Principal Pricing Analyst covering our offices in Birmingham, Bournemouth, Leeds and London. You’ll be working with the wider Pricing team and Data Science team to develop and implement best practices. You'll deliver project work and analysis to agreed business timescales, influence and interpret project requirements from Pricing meetings and document important decisions and challenges from the senior stakeholders. In addition to this you will build and maintain relationships with teams involved in the Pricing end-to-end delivery process and across the company. You’ll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK. Our team values continuous learning, you can enjoy free access to top training platforms and we host Lunch and Learn sessions on key business topics to refine your technical skills.
Salary Information
Pay: Circa £70,000 per year. Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.
About You
As the Principal Pricing Analyst, you will be responsible for:
* Building an automated process to project claims to ultimate using best practice techniques, including developing a claims monitoring process.
* Working with various stakeholders to ensure inputs into the Forecast are robust
* Co-ordinating the roll-out of the new Forecast across all Products
* Working with the Technical Pricing teams to ensure the technical premium models reflect the latest view of risk
* Staying abreast of industry best practice on actuarial methodologies and competitor insights
* Providing guidance on the interpretation / limitations of the Pricing Forecasts
* Providing input into innovative ways of carrying out Forecasting work to improve accuracy and efficiency. This might include data science techniques
* Adhering to high model governance standards
Essential Skills
To be successful in this role you will have:
* Significant pricing or reserving experience
* Excellent working knowledge of actuarial methods and principles, ideally in a pricing context including the use of Actuarial software
* Experience of working in an insurance pricing role
* Knowledge of price optimisation and the general insurance regulatory environment
* Proficiency in Excel and MS Office or equivalent applications
* Experience of planning and managing projects from inception to completion within business timelines
* A passion for sharing knowledge in an informative and engaging way to upskill the Pricing team and build Allianz' reputation as industry leaders in pricing
Desirable Skills
Ideally you will have;
* Actuarial qualification
* An understanding of modelling techniques, including GLMs and GBMs and their application to insurance pricing
* Thorough knowledge of Willis Towers Watson’s software Radar and Emblem or similar
* Data science skill or experience
* Data handling skills using SAS and/or SQL. Experience in a data science programming language, preferably Python
* Knowledge of Agile project management processes
What We Will Offer You
Recognised and rewarded for a job well done. We have a range of flexible benefits for you to choose from, plus flexible working options, global career opportunities across the Allianz Group, and development and training. This includes:
* Flexible buy/sell holiday options
* Hybrid working
* Annual performance related bonus
* Contributory pension scheme
* Development days
* A discount up to 50% on a range of insurance products including car, home and pet
* Retail discounts
* Volunteering days
Our Ways of Working
We support hybrid work patterns and strive to balance the needs of our customers with personal circumstances and business requirements. Our aim is to help innovation, creativity, and your work-life balance.
Diversity & Inclusion
We prioritize diversity and inclusion with accreditations including EDGE, Women in Finance Charter, Disability Confident, Stonewall Diversity Champion, Race at Work Charter signatory, and Armed Forces Covenant gold standard. We welcome neurodivergent and disabled candidates and offer tailored adjustments. We encourage employees to request assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.
Accessible Application for All
As part of the Disability Confident Scheme, we support candidates through the Offer an Interview Scheme for those meeting essential skills. Contact our Resourcing team for assistance with your application, including larger text, hard copies, or spoken applications. For inquiries or to submit your application, please contact: Hr-recruitment@allianz.co.uk or Matthew Mckevitt. We reserve the right to close the ad early if we reach enough applications. Closing date 31/12/25. Join us - Let’s Care for Tomorrow.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Marketing and Sales
* Industries: Financial Services and Insurance
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