Actuarial Expert (P&C Reinsurance)

Job Purpose/ Role

We are looking for a P&C Actuarial Expert to join our Corporate Actuarial team at Allianz Re, the Allianz Group’s global “in-house” reinsurance company based in Munich, Germany.

Reporting to the Head of P&C Reserving Munich, you would be part of a small, friendly and professional team, fully integrated with all aspects of the quarterly and annual reporting processes for IFRS17. After the successful go-live of IFRS 17 in 2023, you will play a key role in delivering and explaining figures to our stakeholders and help shaping our actuarial analyses in the new framework.

Key responsibilities

• Perform P&C reserving on IFRS 4 / IFRS 17 basis for a global reinsurance company
• Focus on delivering quarterly IFRS 17 figures via company-built tool
• Drive further integration of IFRS 17 into existing processes and systems
• Improve the existing IFRS 17 processes further and create new ways and tools that support the analysis of our portfolio
• Communicate with external auditors and regulators if needed
• Provide business functions with actuarial insights / build relationships with UW and client management

Qualifications

• Close to complete actuarial fellowship qualification of a renowned actuarial profession
• University degree in Actuarial Science, Mathematics, Statistics or a related quantitative field
• Advanced command of written and spoken English is required; German is an advantage

Experience & Key skills

• Experience in IFRS 4/17 reserving in a global P&C reinsurance environment (3+ years)
• Good understanding of the concept of IFRS17 with practical experience
• Strong analytical and communication skills
• Programming and database experience (SAS, SQL) is key
• Strong MS Excel skills including advanced functionalities (VBA, PowerQuery)
• Self-directed, organised and willing to work under time pressure when necessary
• Team player with the ability to work independently with attention to detail
• Ability to work in an international and multi-cultural environment

About us

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.