Pricing Actuary (m/f/d)

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 (e.g. reinsurance, reserving, underwriting, data flows).
• 3‑5 years finance and insurance experience (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.

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.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Learn more about careers at 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. 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.

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