Actuarial Pricing Industrial Placement Programme London 2024

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for 4 undergraduate university students to join our London-based Actuarial Pricing team for a 1-year Industrial Placement Program.

The opportunity

Our Actuarial Industrial Placement Program is the perfect opportunity to gain meaningful work-experience with a global company in the dynamic and thriving insurance industry.

Starting on 10th June 2024, our Actuarial Pricing Industrial Placement Program will give you the opportunity to develop a range of skills while working within our Global Pricing team. During your year with us, you can expect extensive training alongside meaningful on-the-job learning opportunities.

This is an ideal opportunity for anyone looking to embark on a career as an Actuary and will provide you with the knowledge, skills and behaviors for future success.

Your team

Our Global Pricing Team is a dynamic group of insurance experts dedicated to navigating through the complex landscape of pricing strategies worldwide. With a deep understanding of the insurance industry's nuances, we craft innovative pricing models that ensure our clients remain competitive in a rapidly evolving commercial market.

The impact you will have

Reporting to the Head of Global Pricing Enablement, you will assist team members in supporting actuarial methodology and pricing across all lines of business.

Based on your interests and abilities, you will get involved in a variety of pricing topics across some of the different lines of business (Liability, Financial Lines, Short Tail Lines, Specialty Lines) as well as other functions (Enablement projects, Predictive Modelling). Some of your specific responsibilities could include:

• Preparation and communication of pricing data (we will support you in developing the skills necessary to undertake this activity)
• Support the maintenance of pricing capability through the development of appropriate statistical pricing methodologies
• Understand market developments globally and ensure that loss trends are understood and reflected in our pricing activities
• Research topics relating to Global Pricing and undertake additional ad hoc tasks to contribute to the ongoing activity of the actuarial function

What you'll bring to the role

• Interest in an Actuarial career
• Strong mathematical and analytical skills with great attention to detail
• Adaptability and Flexibility- Able to adapt and work effectively in different situations and remain calm under pressure
• Communication- Excellent communication and interpersonal skills
• Teamwork- Have a pro-active and positive attitude to team work, able to assist others and also take on your own responsibilities
• Learning Mindset/ Ambition- A curious and creative mindset, willingness to learn and enthusiasm to own and drive your personal development
• Analytical Thinking- Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, draw appropriate conclusions and present solutions to others
• Strong computer fundamentals such as Excel, VBA and SQL or Python experience preferred
• Fluent English language skills

Eligibility

• Currently enrolled on a bachelor's university degree course that includes a year in industry for the 2024/25 academic year.
• Studying a degree in a numerate subject such as Mathematics, Statistics or Economics
• Minimum Grade B in A-level Mathematics
• This industrial placement will commence on 10th June 2024. You must be available to start work on this date.

Further information

• This is a fixed-term opportunity for 12 months
• Working Hours: Full-time
• Successful candidates will receive the London Living wage which is currently £13.15 per hour.
• We anticipate applications being accepted until 14th April 2024 but reserve the right to close earlier if application numbers are high. We strongly encourage you to submit your application as soon as possible.
• Recruitment Timeline: Assessments will take place throughout Spring 2024.
• To express your interest in this exciting opportunity, simply upload your updated CV and carefully answer the mandatory questions in the application form.
• Kindly note that due to the high volume of received resumes, our response time may vary. We assure you that we will make every effort to provide timely updates on your application status, although the process may take some time. Your patience and understanding are greatly appreciated. We look forward to the possibility of working together at Allianz Commercial.

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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies.

We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

Learn more about early careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.

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.