Hamburg

Munich

Part Qualified

Associate

Qualified

Senior Actuary

Property & Casualty

Products

Python

Modelling

Data Science

ResQ

Allianz is a global financial services company headquartered in Germany. It offers insurance, asset management, and investment services to individuals, businesses, and institutional clients worldwide. With a strong presence in over 70 countries, Allianz is known for its expertise, stability, and commitment to customer-centric solutions in the insurance industry.

Allianz

At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) has the major risks covered when it comes to protecting businesses.Your TeamYou will be reporting to the Head of Actuarial Function located in Munich. You will lead and manage the Actuarial Risk Modelling team to deliver results in time and manner, within a framework of sufficient governance, controls and checks.The Impact You Will Have<ul><li>Maintenance and continuous improvement as needed of insurance risk models within the internal risk capital framework</li><li>Support capital-based business steering by calculating relevant KPIs</li><li>Support capital optimisation initiatives in close collaboration with other CFO pillars</li><li>Contribute to communication with regulators and other stakeholders</li><li>Calculation of IFRS 17 risk adjustment, loss component and onerous contract testing as well as risk margin and premium provision for MVBS</li><li>Provide guidance on reserve uncertainty analysis</li></ul>Some of your specific responsibilities could include<ul><li>Lead and Manage team (direct reports): Provide employees with guidance on overall strategic picture and how own functional area's targets are aligned to it; Define clear and challenging targets, monitor progress and address performance issues appropriately and effectively; Drive organizational set up for own area of responsibility including personnel selection; Coach and develop employees in a continuously changing environment. Empower employees to execute tasks independently. Ensure peer reviews of team's work; Foster behavior of team members as desired according to #NewAGCS standards.</li><li>Provide actuarial risk assessment: Ensure in time and correct updates of insurance risk models under Solvency II, provide reinsurance risk assessment and calculate Risk Adjustment under IFRS17; avoid mistakes and misunderstandings by enhancing quality and executing appropriate checks and controls.</li><li>Manage relationships and collaborate with all relevant stakeholders: Interface to Risk Management, Reinsurance, internal/external clients; Interface to Group Actuarial, Planning and Controlling (GAPC) and Group Risk; Effectively communicate with internal interfaces to develop deep understanding of underling business exposure and processes; Interface with regulators, with external auditors; Support project work and regional responsibilities within the department.</li><li>Promote continuous improvements and drive for innovation: Develop global actuarial approaches and processes as well as enhance actuarial models and analyses; Keep abreast of leading market practice and drive innovation.</li></ul>What You’ll Bring to the Role<ul><li>Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline</li><li>Qualified Actuary</li><li>3 to 5 years of significant experience in industrial Actuarial management position, with deep understanding of actuarial practice</li><li>In-depth knowledge of actuarial requirements of an international portfolio, with high volatile segments and challenging data availability</li><li>Proven experience in leading and developing international and virtual teams within a complex global matrix environment and across numerous locations, experience in leading change in various business scenarios, including restructuring, integration and developing growth markets</li><li>Deep understanding of the product portfolio, of business financials (e.g. P&amp;L, Capital Reports, etc.), cost management and macroeconomic trends</li><li>Robust knowledge of principles and practices of other relevant functional areas including Claims, Underwriting, Reinsurance and Accounting (particularly local and international accounting rules as applied to reserving)</li><li>Data Modelling &amp; Tools: Ability to understand the business needs and to develop the necessary data tools/models to support the business (e.g. rate development, risk capital, etc…)</li><li>Excellent communication and presentation skills, good conflict management skills</li><li>Excellent decision-making skills</li><li>Fluency in English required, German skills advantageous</li></ul>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 Global Corporate &amp; Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us 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.

Your TeamYou will join the Actuarial Function Team which supports on all global lines of business of AGCS. We are a key unit in the broader Chief Finance Office (CFO) function and strategic contributor to the long term success of AGCS.We are an experienced, diverse and hardworking team and we look forward to welcoming you onboard.The Impact You Will HaveReporting to the Head of Actuarial Function, your main tasks will include actuarial analysis of the AGCS loss model (Normalized LR), models development and refinement, documentations and peer reviews. A special focus will be on implementing process improvements in Foundry.Moreover, you will work closely with all actuarial teams as well as Underwriting, Pricing, IT and Accounting. You will ensure that the team leader can focus on strategic matters by processing delegable tasks. You will also participate in projects.Some of your specific responsibilities could include:<ul><li>Develop global actuarial approaches and processes as well as enhance actuarial models and analyses</li><li>Support the team leader with strong P&amp;C actuarial expertise to be applied within the models and processes in the area of responsibility</li><li>Drive innovation and efficiency in all our processes, particularly to improve annual reserve review quality and control</li><li>Peer review work from other team members and provide training and guidance to junior colleagues, depending on your seniority</li><li>Promote close collaboration and interaction with the various business areas (IT, Accounting) to foster mutual understanding how business developments impact actuarial drivers in the financials</li></ul>What You’ll Bring to the Role<ul><li>Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline</li><li>You are an investigative qualified actuary</li><li>Several years of work experience, preferable spanning multiple actuarial areas as well as multiple types and lines of business</li><li>Finance and Insurance know-how (ideally P&amp;C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting</li><li>Deep understanding of business financials (e.g. P&amp;L, Capital Reports, etc.), cost management and macroeconomic trends and ability to develop the necessary data tools/models to support the business. (e.g. rate development, risk capital, etc.)</li><li>Extensive computer skills (MS Office incl. VBA, SQL, Foundry, Python and relevant expert systems such as ResQ)</li><li>Outstanding analytical thinking and numeracy skills</li><li>Strong problem-solving skills</li><li>Great communication skills and experience in presenting results to stakeholders</li><li>Ability to thrive in an international working environment and develop remote relationships</li><li>Fluent English skills, any other languages such as German advantageous</li></ul>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 Global Corporate &amp; Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us 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.

Allianz Global Corporate and Specialty SE (AGCS) is the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AGCS has the major risks covered when it comes to protecting businesses.About the roleWe are looking for a (Senior) Actuarial Analyst (m/f/d) – based in Munich or Hamburg.You will join the Actuarial Function Team which supports on all global lines of business of AGCS. We are a key unit in the broader Chief Finance Office function and strategic contributor to the long-term success of AGCS. We are an experienced, diverse and hardworking team and we look forward to welcoming you onboard.Reporting to the Head of Development and Projects, your main tasks will include actuarial analysis, models development and refinement in a project environment. Your responsibilities will also include tool building, data collection as well as documentations and peer reviews. Moreover you will work closely with all actuarial teams as well as IT, Accounting, Claims and Underwriting.Responsibilities<ul><li>Develop global actuarial approaches and processes as well as enhance actuarial models and analyses. Present newly-developed functionalities to stakeholders, globally and across all key business areas.</li><li>Collect and reconcile data and related actuarial analyses</li><li>Drive innovation and efficiency in all our processes. Design prototypes.</li><li>Promote close collaboration and interaction with the various business areas (UW, claims, ACC) to foster mutual understanding how business developments impact actuarial drivers in the financials.</li><li>Provide documentation of processes, checks and controls.</li></ul>Requirements:<ul><li>Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.</li><li>Outstanding analytical thinking skills along with quantitative financial and risk modeling know-how.</li><li>Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, reporting requirements (e.g. reinsurance and underwriting knowledge, reserving techniques, data flows, etc.).</li><li>Finance and Insurance know-how (ideally P&amp;C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs. management view) allowing for cross-departmental thinking and acting.</li><li>Ideally, experience in relevant P&amp;C insurance areas.</li><li>Excellent computer skills, particularly MS Office, Foundry and SQL.</li><li>Great communication and presentation skills, with an ability to positively influence others.</li><li>Ability to work in an international environment and great inter-cultural skills.</li><li>Fluent English skills, any other languages such as German advantageous.</li><li>Progress towards recognized professional qualification, actuarial, CFA or MBA is a plus.</li></ul>What’s in it for you?<ul><li>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.</li><li>We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.</li><li>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.</li><li>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.</li><li>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.</li></ul>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.Care to join us?Allianz Global Corporate &amp; Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

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