ART Senior Actuary at Allianz Global Corporate & Specialty SE

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Jan, 26

Salary

190000.0

Posted On

19 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Analysis, Technical Pricing, Risk Modeling, Data Analysis, Loss Modelling, Reserving, Communication, Independent Work, Pattern Recognition, Artificial Intelligence, Machine Learning, Collaboration, Portfolio Management, Training, Policy Structuring, Documentation

Industry

Financial Services

Description

We are looking for an ART Senior Actuary, based in Chicago Your Team Reporting to the ART NA Head of Pricing, you will be part of a globally operating diverse group of professionals, including actuaries, modelers, and analysts, based in Munich, London, New York, and Zurich. Fueled by creativity, a pragmatic “can do” attitude, a commitment to technical excellence and collaboration, the team’s mission is to deliver results, analyses and insights that support informed business decisions, create profitable and sustainable risk management solutions for our clients, and drive the continuing success of the Alternative Risk Tranfer (ART) line of business. The Impact You Will Have As a Senior Actuary in ART, you will be instrumental in developming bespoke insurance solutions for corporate clients. Your expertise in actuarial analysis, technical pricing, and risk modeling will directly influence the success of the ART portfolio. Collaborating with senior colleagues in ART from various functions, your work directly influence the success of our ART portfolio and ensure we remain at the forefront of the industry. Join us and make a significant impact by shaping the future of Alternative Risk Transfer solutions. Some of your specific responsibilities could include: Collaborating with ART Underwriters, Catastrophe Analysts, and Lawyers on new business opportunities as part of a Deal Team. Supporting the structuring of policies and taking responsibility for data analyses, risk modeling, technical case pricing, and model documentation. Reviewing pricing work of peers and more junior team members. Engaging regularly with the Allianz Commercial Global Pricing Team to stay updated on pricing tool developments and parameterization, and promoting tool usage in ART's underwriting and pricing process. Driving the maintenance and development of ART's pricing tools such as ARTEMIS, Tracktor, and others. Collaborating with peers from the ART pricing team, ART underwriters, and the Global Pricing Team. Providing training on tools to the relevant ART community. Performing ad hoc analyses of the ART in-force portfolio, contributing to portfolio steering and accumulation management, and supporting management reporting. What You’ll Bring to the Role Degree (ideally Masters), preferably in Actuarial Science, Mathematics, Data Science, Statistics or another quantitative discipline; Qualified Actuary, or nearly qualified Actuary; P&C (re) insurance and finance know-how and understanding of (re- insurance products; Hands-on experience in actuarial data analysis, technical case pricing, loss modelling and/or reserving; Exposure to alternative risk transfer business and structured insurance is an asset; Ability to understand, elaborate and convey information clearly and effectively with respect to the audience / level of management (both verbal and in writing); Ability to work independently and autonomously; Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations; and Exposure to working in an international / virtual environment. Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial. The annualized base pay range for this role is $148,138 – $190,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 80846 | Actuarial | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent 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. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, 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 #LI-KK1 #LI-Hybrid

Responsibilities

As a Senior Actuary in ART, you will develop bespoke insurance solutions for corporate clients and collaborate with various professionals on new business opportunities. Your work will influence the success of the ART portfolio and ensure the company remains at the forefront of the industry.