Job Description
Are you naturally curious? Does working with data excite you?
If so, our analytics rotational program is for you!
This is an opportunity to fast track your professional development and career growth.
The program is a 15-month rotation between 3 departments before placement in a participating department. There are two different tracts, one that is focused on Finance/Reserving/Underwriting and another focused on Performance Analytics and Data Science.
Exposure to different areas of the business will allow you to broaden your business acumen and leverage your knowledge to translate data into insightful metrics.
At Allianz Partners, we foster a culture of collaboration, caring, and growth. If you're looking for a work environment where you are valued for your ideas, your opinions, your desires, your unique background, and everything else that makes you, you - you'll find it with Allianz Partners.
You'll never lack for learning opportunities or for the space to develop your career.
What you do
Finance/Reserving/UnderwritingFinance:
- Understand & analyze monthly financial results; identify performance drivers & causes of variance to plan & prior year; present findings to leadership & make recommendations for improvement
- Monitor departmental spending, identify budget variances & make recommendations to budget owners & senior management
- Apply financial & economic concepts & use financial modeling techniques including ratio analysis, discounted cash flow (DCF), NPV/IRR and market analysis. Leverage analytical & visualization tools to present findings
- Support rolling forecast & financial planning process
- Perform profitability analysis on business segments, including distribution channels
Reserving:
- Assist with premium and loss claim reserve analysis to assess the adequacy of relevant balance sheet items and to ensure there is sufficient capital to pay all claims
- Perform in-depth analyses of historical business performance to accurately forecast future liability and loss related trends
- Use statistical modeling to analyze and quantify company's risk and uncertainty related to its insurance products
- Complete and deliver internal and external reports, including financial and risk reports
Underwriting/Pricing:
- Identify and predict trends within industries and partners.
- Analyze partner and industry data to determine impacts of internal and external changes.
- Provide analysis to support Sales and Client Services with regard to partner requests.
- Assist in Pro Forma development for potential new clients and projects, including partner project research.
Performance Analytics and Data ScienceBusiness Performance:
- Analyze complex partner and channel data for trends, highlight in-depth interpretations and provide in-depth root cause analysis
- Deliver timely, insightful, and actionable analysis
- Develop highly effective predictive methods that support and improve business decision-making
- Analyze effects of trends in customer behavior on revenue and profitability; recommend product, underwriting, sales, or marketing strategies that drive profitable growth.
- Identify sources of unprofitability on portfolio and collaborate with functional areas to determine strategic actions
- Develop processes and tools to monitor marketing, sales and profitability initiatives
Operations:
- Analyze data to define trends and identify opportunities for improvement in customer service and processes, as well as reporting on impact of trends
- Help compile and analyze data for presentations and prepare high quality materials geared to senior management
- Provide data analysis and reporting to support cross-divisional projects and respond to inquiries
- Support the organization's budget process through ongoing units forecasting and staffing models
Data Science:
- Identify business opportunities through the use of algorithmic, statistical, visualization, and data mining techniques.
- Support the development of the data necessary to execute analytics solutions by collating and cleaning data from various sources to create input datasets.
- Support exploratory data analysis and feature engineering to prepare data for modeling.
- Build base models by selecting the appropriate approach per the data and business problem and carefully tune hyperparameters in order to produce the best result.
- Support the communication of results to technical and non-technical audiences including senior business leaders.
What you bring
- Bachelor's Degree in Finance, Math or other quantitative field or Business Management
- New college graduates highly preferred
- 0-2 years of related job experience or completion of relevant internship preferred
- Minimum overall GPA of 3.5 preferred
- Strong problem-solving abilities
- Professional, business-level oral and written communication skills
- Ability to work effectively with limited direction
- Must be adaptable to shifting work priorities
- Have previous exposure to modern reporting platforms such as Cognos , Microstrategy or Power BI as well as proficiency in SQL query language is preferred.
Allianz Partners is a world leader in B2B2C insurance and assistance, specializing in the areas of international health & life, automotive, assistance and travel insurance. Operating in over 76 countries, Allianz Partners offers global solutions that are redefining help, going beyond traditional insurance to help and protect customers wherever they are and whenever they need it. Our innovative experts deliver future-ready, high-tech, high-touch products and services through four commercial brands: Allianz Assistance, Allianz Care, Allianz Automotive and Allianz Travel. We have over 19,000 employees who handle more than 54 million cases each year, motivated to go the extra mile to help customers and employees around the world. If this sounds like you, come and join us!
Allianz Partners is a fast-changing company with strong growth ambitions. We care for our customers, and our caring nature extends to our employees. We don't just hire people, we nourish them and invest in their careers because we recognize that your development and our growth and our development go hand in hand. So, if you would like to be part of a global company that offers international career opportunities, kick-start your career and dare to join us! As an equal opportunity employer, Allianz Partners recognizes that our strength lies in our people. We are committed to diversity and inclusivity and everyone is welcome to apply. More information regarding the Allianz Partners lines of business can be found at: http://www.allianzpartners.com.
42297 | Customer Services & Claims | Entry Level | n.a. | Allianz Partners | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Join us. Let's care for tomorrow.
Nearest Major Market: Richmond
Date Posted
03/17/2024
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