Applications for this job are now closed
In the Commercial Pricing team at Allianz we invest in supporting individuals to reach their potential and we believe that with the necessary skills anything can be taught. In our most recent annual survey, 100% of the team agreed that we “have the opportunity to learn and develop skills and knowledge”.
Pricing is an area of growth for Allianz with staff across roughly 40 countries all benefiting from high quality training material that is created by the Allianz P&C Academy. The result is an Allianz best practice for pricing that is continuously refined based on collaboration across hundreds of people.
In the UK, we have built on these strong foundations with several local initiatives. As you progress, you will develop the skills and be given the responsibilities outlined in our Career Framework. Our Learning Journey covers 3 stages of development with a steadily increasing focus on practical application of Allianz best practice. If your career aspirations require something more bespoke, you can develop a plan alongside an experienced Pricing Manager whose role is dedicated to Training and Development.
The Commercial Pricing team has responsibility for Allianz’s full suite of Commercial products including Mid Corporate Property and Casualty, Fleet and SME insurance. Coupled with opportunities to work abroad, there is always an opportunity to learn something new.
Our Pricing teams
Each individual in the team is aligned to one of the following disciplines:
- Technical Modelling - producing an accurate view of claims cost through data driven analysis
- Street Pricing - development of price and pricing analytics to ensure we achieve our required financial result
- Deployment - efficient and effective delivery of prices to customers through our IT systems
About the scheme
The initial focus of the Pricing Graduate Scheme is to provide you with the necessary training to succeed in your role. We use several software (Emblem, Radar, SAS, Excel) and coding languages (Python, SQL, R) within the team and all are covered to some extent during our Bronze Accreditation programme. Our Training and Development Pricing Manager will be on hand throughout to support you.
Once you have completed the formal training, you will spend your first year aligned to one of the Fleet, SME or Mid Corporate lines of business. Your focus will either be on Technical Modelling or Street Pricing and you are also likely to get exposure to Deployment (see ‘Our Pricing teams’ section). In your second year, you will switch between Technical Modelling and Street Pricing, potentially working on a different line of business.
During your two years, there is also the opportunity to do a placement in one of the teams we work with such as Account Management, Data or Actuarial Reserving.
For those interested in professional qualifications, we have members of the team who, alongside their role, are pursuing a Masters in Data Science while others are taking exams with the Institute and Faculty of Actuaries. These options become available following the initial focus on Pricing specific training.
Working model and benefits
We follow a hybrid working model. You will need to be able to travel to our Guildford office once per week at a minimum.
As well as a competitive salary, you will receive 22 days holiday plus 1 for your birthday. We offer a range of flexible benefits and working arrangements to meet your requirements. Full details can be provided at interview stage
Who should apply?
To enjoy a role in Pricing it is likely that you will have an interest in problem solving and coding.
This role is suitable for new graduates so no prior experience is expected. The most relevant degrees are numerate in nature and we expect a minimum of a 2.1.
