(Senior) Actuarial Analyst

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, 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.

We are looking for a (Senior) Actuarial Analyst based in Munich or Hamburg.

Your Team

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.

The Impact You Will Have

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.

Some of your specific responsibilities could include

• 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.
• Collect and reconcile data and related actuarial analyses
• Drive innovation and efficiency in all our processes. Design prototypes.
• 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.
• Provide documentation of processes, checks and controls.

What You’ll Bring to the Role

• Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.
• Outstanding analytical thinking skills along with quantitative financial and risk modeling know-how.
• 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.).
• Finance and Insurance know-how (ideally P&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.
• Ideally, experience in relevant P&C insurance areas.
• Excellent computer skills, particularly MS Office, Foundry and SQL.
• Great communication and presentation skills, with an ability to positively influence others.
• Ability to work in an international environment and great inter-cultural skills.
• Fluent English skills, any other languages such as German advantageous.
• Progress towards recognized professional qualification, actuarial, CFA or MBA is a plus.

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 & 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.