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Pricing Actuary (m/f/d) – Join our Global Pricing team in Munich and shape actuarial insights worldwide.
Boost global pricing models, mentor teams, and drive innovation while enjoying a hybrid work model at Allianz Commercial.
We are looking for a Pricing Actuary (m/f/d), based in Munich, to join our Global Pricing team.
Your Team
Our team is committed to driving innovation and staying ahead of market practices while delivering impactful actuarial insights. We work across multiple offices to support operating entities, fostering global alignment and consistency in approaches and processes. By collaborating closely with underwriting, market management, finance, and other partners, we ensure business developments are fully understood in actuarial terms. We enhance models, refine methodologies, and provide robust documentation, testing, and project support. Through peer review, mentoring, and knowledge-sharing, we build a collaborative, forward-thinking environment that empowers both local teams and global initiatives to achieve measurable business impact.
The Impact You Will Have
You will play a pivotal role in delivering high-quality actuarial analysis, supporting pricing decisions, and strengthening global alignment across multiple offices. By fostering collaboration with underwriters, finance, market management, group functions, and OEs, you will ensure business insights are embedded into financial outcomes and strategies. Your expertise in data improvement, model enhancement, and project delivery will support innovation and consistency in actuarial approaches. Through peer review, mentoring, and cross-regional engagement, you will uplift team capability and contribute to building globally aligned actuarial practices, ultimately driving stronger decision-making and long‑term value creation across the organization.
Some of your specific responsibilities could include:
- Prepare and perform actuarial analysis for assigned business areas, including documentation, communication, and explanation of results.
- Continuously improve and maintain the data landscape to support pricing tasks and actuarial functions.
- Develop, enhance, and apply global actuarial models, approaches, and processes.
- Provide project support through documentation, testing, and validation of deliverables.
- Collaborate closely with underwriters, market management, finance, group functions, and other actuarial teams to align business insights with financial outcomes.
- Balance business requirements of Underwriting/LOBs with available resources and global priorities.
- Stay abreast of market practices and drive innovation within actuarial work.
- Peer review the work of colleagues and provide mentoring and guidance to junior team members.
- Support multiple offices and Operating Entities (OEs), contributing to global alignment and consistency of actuarial practices.
What You’ll Bring to the Role
- Excellent tertiary qualification (ideally Master’s) in Mathematics, Statistics, or related discipline, or equivalent experience; progress toward actuarial professional qualifications preferred
- Strong computer skills, including MS Office (Excel/VBA) and expert systems such as Python, R, or SQL
- Solid knowledge of market dynamics, actuarial standards, regulatory/compliance requirements, and reporting practices (eg. reinsurance, reserving, underwriting, data flows).
- 3-5 years finance and insurance expertise (ideally P&C), with an understanding of group complexities (consolidation processes, legal vs. management view)
- Proven quantitative financial and risk modeling skills
- Broad business experience, preferably across multiple actuarial areas and different lines of business
- Demonstrated ability to communicate and present actuarial results clearly to stakeholders at all levels
- Experience in an international environment, including collaboration across borders and business travel
- Hands‑on contribution to the development, enhancement, and implementation of models, analyses, and processes
- Strong analytical thinking and numeracy skills, with ability to distill key issues from complex/ambiguous data
- Excellent problem‑solving skills, with the ability to take initiative and follow through on remediation
- Strong influencing skills, with ability to persuade and motivate without direct authority
- Fluent English skills, any other languages advantageous particularly German
- A willingness to learn and explore how AI can enhance your role and the broader organization is expected.
What’s in it for you?
- Let’s care about everything that makes you, you – We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
- Let’s care for your financial wellbeing – We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
- Let’s care for your opportunities to progress – From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
- Let’s care for life’s twists and turns – From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
- Let’s care for our society and our planet – With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what’s ahead.
Learning Resources
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Legal Notice
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.
Join us. Let’s care for tomorrow.
People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies: Allianz Commercial has an in‑house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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