Part-Qualified Reserving / MVBS Actuary
Dublin, D, IE, D04 Y0606
Company Background
The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. Allianz SE, the parent company, is headquartered in Munich, Germany. Allianz has established a specialist subsidiary company for Reinsurance business in Dublin, Allianz Re Dublin Dac (‘the Company') . The Company's premises are at Allianz House, Elmpark, Merrion Road, Dublin 4. Serving as a global centre of competence for reinsurance, risk management, and capital management, Allianz Re provides tailored reinsurance solutions to Allianz entities and external clients. With a strong focus on innovation, sustainability, and financial resilience, Allianz Re plays a key role in optimizing the Group's risk and capital position while driving long-term value creation.
Allianz Re Dublin dac (ARD) is a key subsidiary of Allianz Re and plays a vital role in supporting Allianz Re's global reinsurance operations. Its primary functions include underwriting reinsurance business, managing risk transfer, and optimizing capital efficiency for the Group.
We are seeking a part qualified actuarial professional to join our actuarial team. The position is organisationally located in Dublin with its main focus being to play an integrated role in the global actuarial function of Allianz Re, whilst maintaining a special focus on areas of relevance for Allianz Re Dublin dac.
Role Summary
The position will report to the Head of Actuarial Function of Allianz Re Dublin dac. The role will involve all aspects of the quarterly and annual actuarial reserving and Solvency II reporting processes. The role involves collaborating with cross-functional teams, including finance and underwriting, to ensure the accurate valuation of insurance liabilities and financial reporting.
Key Responsibilities
- Assist with the quarterly calculation of reserves and Technical Provisions across various valuation basis (e.g. GAAP, Solvency II, IFRS 17)
- Preparation and validation of Solvency II QRTs
- Develop and maintain documentation in line with changes in reserving approaches, emerging best practice and changing regulatory environment.
- Support the Head of Actuarial Function in the preparation of Actuarial Function deliverables and fulfilling reporting responsibilities covering Solvency II.
- Support automation and process improvement initiatives for production workflows across the future global reserving / Technical Provision process
Key Requirements/Skills/Experience
- Part-qualified actuary with 2 – 5 years’ experience in an actuarial reserving or reporting role
- Strong understanding of Solvency II framework, particularly Technical Provisions and MVBS
- Experience with QRT preparation and submission to the Central Bank of Ireland
- Strong Excel/SQL/Access skills, SAS and ResQ experience an advantage
- Ability to communicate effectively and work under time pressure to meet deadlines, while retaining attention to detail
- Ability to work as a team player within a global multi-cultural team environment
- Advanced command of written and spoken English is required
Desirable:
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At Allianz Re, we are committed to embracing innovation and the responsible use of Artificial Intelligence (AI) to drive innovation and business success. We are seeking candidates who demonstrate curiosity, adaptability and have a proactive approach to learning and development. An awareness of AI-powered tools, data-driven decision making and data analysis will be highly valued.
Regulatory Notice:
Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland. Please refer to the Central Bank of Ireland’s Guidance on Minimum Competency Code: Minimum Competency | Central Bank of Ireland as well as F&P Standards and the Corporate Governance Requirements: Fitness & Probity | Central Bank of Ireland. This includes the requirements provided for by the Central Bank Individual Accountability Framework Act 2023. The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required. Full details are available via the Central Bank website: Individual Accountability Framework | Central Bank of Ireland.
Allianz Re Dublin Dac. is regulated by the Central Bank of Ireland.
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.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
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