The English-language job board for Spain

Senior Motor Pricing Analyst

Hybrid in Madrid·Full-time·Added 8 days ago (last checked 29 Oct)

Allianz

185 open roles

Our summary

Work mode
Hybrid, Madrid
Contract
Full-time
English
Required
Experience
Senior level
Education
University degree
Benefits
Gym access

Visa options

  • The ad doesn’t mention sponsorship

    Not a refusal, but not a yes. Worth asking in your first message.

Find jobs with visa support

Skills

This job advert was originally written in Spanish.

Requirements

What we're looking for

  • University degree in Actuarial and Financial Sciences, Mathematics, Statistics, Economics, Engineering, or similar quantitative degrees.
  • Previous experience in Pricing, Actuarial, Data Analytics, or statistical modeling, preferably within the insurance sector.
  • Knowledge of frequency and severity modeling and statistical techniques applied to pricing.
  • Ability to perform portfolio analysis and understand technical indicators of the insurance business, such as loss ratio, business mix, and new production evolution.
  • Knowledge of data analysis and processing tools, especially SQL, R, and/or Python.
  • Good proficiency in Excel and the ability to work with large volumes of information.
  • English level that allows one to operate in a professional and international environment.
  • Analytical profile, problem-solving capacity, and the ability to transform technical results into clear recommendations for the business.
  • Ability to work cross-functionally and collaborate with actuarial, technological, and business profiles.
  • Experience with WTW Radar / Radar Live.
  • Previous experience in rate implementation, testing, or deployment.
  • Knowledge of propensity and price elasticity models.
  • Knowledge of the insurance business and its main technical metrics.

Pay & benefits

What you'll get

  • Being part of the Allianz family gives you access to exclusive discounts just for being part of the team.
  • Taking care of you and your loved ones is our priority, which is why you can take out your insurance at special prices for you and your family.
  • Take advantage of the benefits of being an employee and invest in Allianz shares under preferential conditions.
  • Comprehensive wellbeing. How? With a meal and remote work allowance across the whole country and high-quality menus in the BCN and MAD buildings. We also have sports clubs and the most anticipated sporting event every 4 years: our worldwide Olympics every 4 years.
  • Flexibility! You organize your time with flexible working hours.
  • You work in a hybrid model and in offices designed for collaboration and wellbeing.
  • You will have our own internal ChatGPT at your disposal.
  • You get access to continuous training and the You Learn, We Pay program: you choose, we support you.
  • You take care of your wellbeing with Wellhub (an app to keep you active).
  • Fancy a healthy break? You have free fruit and snacks in the office.
  • Fancy a change of country? You can work from abroad for up to 25 days a year.
  • If you are looking for an opportunity to grow, feel valued, and live with balance, Allianz is for you.

Did you know that we offer additional benefits for employees with disabilities and/or those with a direct family member with a disability? In addition to free support throughout the certificate application process and additional leave hours, if you have a disability and provide us with the certification, you will receive €1,500 in your first paycheck.

108536 | Actuarial | Professional / Senior | Non-Executive | Allianz Spain | Full-time | Permanent

The Allianz Group is one of the world's most trusted insurance and asset management companies. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

We are united by a shared commitment: putting our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow, and shape a better future, for our customers and for the world around us.

At Allianz, we champion unity: we believe that a united world is a more prosperous world, and we are dedicated to constantly advocating equal opportunities for everyone. The foundation of this is our inclusive workplace, where people and performance matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability, or sexual orientation, or any other characteristic protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

The role

  • Develop, update, and validate pricing models, including frequency and severity, propensity, and elasticity models, integrating internal and external information and ensuring actuarial and regulatory consistency.
  • Implement and maintain rating models in Radar Live, translating actuarial models into rate structures and configuring factors, rules, business logic, and versions.
  • Analyze the technical behavior of the portfolio and new business, monitoring KPIs such as loss ratio, elasticity, and business mix to detect trends, deviations, and opportunities.
  • Propose rate optimization actions based on technical analysis and model results.
  • Participate in the testing and deployment of new rates, performing end-to-end validations in UAT environments before production release.
  • Validate calculations and impacts to guarantee consistency between the developed models and their implementation in the systems.
  • Collaborate cross-functionally with IT, Underwriting, Product, and Data, contributing to the correct integration of rates and the resolution of incidents.
  • Provide technical analysis and vision to the business, transforming complex data into conclusions that facilitate decision-making.

Hiring process

1 interview

  • Recruiters usually contact you within two weeks of applying.
  • Interviews assess professional skills, potential and soft skills for culture fit.
  • Recruiter contact within two weeks of applying.

About Allianz

Allianz is a global financial services giant and one of the world's largest insurers, offering a wide range of insurance and asset management products to individuals and businesses. With over 150,000 employees and operations in more than 70 countries, Allianz is a category-defining leader in the insurance industry, known for its strong brand and financial stability.

In Spain, Allianz operates through several entities, including Allianz Seguros, Allianz Direct, and a joint venture with BBVA, with offices in Madrid and Barcelona. The company is a major employer in the Spanish insurance market, offering roles in areas such as underwriting, claims, IT, data, AI, and cybersecurity. For international professionals, Allianz Spain provides opportunities to work in a multicultural environment, with many roles requiring English or German, and offers competitive benefits and career development programs.

Industry
Insurance
Founded
1890
Employees
100,000+
Headquarters
Munich, Germany
In Spain
Madrid, Barcelona

Good to know if you are moving

  • Allianz Spain has offices in Madrid and Barcelona, with a significant IT and digital hub in Barcelona.
  • Many roles in Spain require German or English, making it accessible for international professionals.
  • Allianz is known for its strong focus on digital transformation, with many opportunities in AI, cloud, and cybersecurity.
  • The company offers competitive relocation support and international career mobility within the Allianz group.
  • Allianz has a joint venture with BBVA in Spain, creating a unique bancassurance environment.
All open roles at Allianz
WhatsApp
See all 185 jobs