Manager – Actuarial

Role Overview

• Lead a team of actuarial analysts/senior actuarial analysts
• Assist the management in business development activities
• Act as a point of contact for the stakeholders of the Allianz operating entities assigned
• Contribute to the growth of actuarial function at other Allianz services locations
• Provide pricing recommendations and insights to internal stakeholders, reflecting competitive and commercial considerations to achieve strategic objectives.
• Develop and implement best practice pricing models, including claims, quote conversion, customer retention and pricing scenarios.
• Take ownership of and continual refinement of the rating and pricing models, by utilising advanced analytics techniques, extensive data and relevant industry leading tools/technologies.
• Monitor the performance of implemented initiatives to support continuous refinement of pricing models and pricing strategy.
• Contribute to the development of product strategy and support its implementation.
• Identify opportunities to drive innovation and make improvements in processes, products and services.
• Implement the pricing governance framework by performing and continually improving controls and governance around pricing processes.
• Analyzing, optimizing and creating financial models that form the basis of insurance products
• Providing thorough analyses of complex data
• Implement, maintain and enhance pricing tools on the Radar platform, contribute to the design of Radar software enhancements
• Work together with pricing and underwriting teams to understand and ensure accurate delivery of their requirements
• Ensure the quality of pricing tool updates including peer reviewing and comprehensive testing
• Collaborate effectively with IT on the integration of the pricing tools within IT landscape
• Provide support on the various modeling initiatives and ensure proper documentation is in place
• Contribute to the process improvement initiatives

Requirements

• Master’s degree in Actuarial Science/Statistics/Mathematics/B.Tech with good academic background
• Student member of a recognized Actuarial Institute such as IFoA, IAI, SOA etc. and have cleared at least 8 actuarial exams, preferably with Actuarial Associateship qualification
• Minimum 10 years of relevant experience in P&C insurance domain, specialized in pricing
• Team management experience of managing a small/medium team
• Delivery of Radar solutions for multiple insurance products/lines
• Proficient in Emblem, Radar Base, knowledge in Radar’s reporting functionality preferred and experience in deploying Radar models to a Radar Live environment constitutes an advantage
• Strong programming skills: Excel, VBA, SAS, Python
• Good communication skills, both verbal and written, with ability to interact with customers from different geographical areas
• Good with Microsoft Office tools such as Excel, Access, Word, PowerPoint
• Possesses sound knowledge of SQL and can work with databases
• Excellent analytical skills with attention to details
• Prior experience in managing small to medium sized teams.

Tech Stack

• Python
• SQL
• VBA

Benefits

• Health insurance
• Retirement plans
• Paid time off
• Flexible work arrangements
• Professional development