(Senior) Actuarial Analyst
München, DE, 81737 Unterföhring (bei München), DE, 85774
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a (Senior) Actuarial Analyst, based in Munich.
Your Team
The short tail reserving team is responsible for ensuring adequate level of loss provisions for the relevant lines of business. We perform an in-depth analysis across different markets and regions.
Our insights inform decision-making throughout the organization, including strategic business direction.
The Impact You Will Have
Reporting to the Head of Short Tail Lines Reserving, you will be responsible for the actuarial analysis as well as managing tasks and projects independently. This will include preparation of input data, update of actuarial models, and documentation of assumptions, methods, and results. Moreover, you will be directly involved and steering discussions with key stakeholders (i.e. Claims, UW, Pricing, etc.) and be responsible for maintaining a strong link to related functions within CFO Actuarial teams and Group Actuarial Planning and Controlling (GAPC).
Some of your specific responsibilities could include:
-
Support the team leader in steering actuarial results for assigned Lines of Business with a forward-looking view to ensure transparency on quarterly and annual P&L impacts and trends
-
Collaborate with team members, independent consultants, auditors and holding company actuaries in a timely and accurate manner
-
Execute comprehensive actuarial analysis to understand profitability trends and update loss provisions using Allianz Commercial tools including GRID, Foundry, ADP, and Core Ontology
-
Prepare and present actuarial reports with sufficient peer review, delivering clear, concise results while confidently defending actuarial viewpoints
-
Promote close collaboration with various business areas to foster mutual understanding of business impacts on actuarial drivers, becoming the key contact person for selected lines of business
-
Take a proactive and curious approach by exploring innovative ways of working and sharing ideas that drive improvement and innovation
What You’ll Bring to the Role
-
University degree in a quantitative discipline required
-
Progress towards recognized actuarial qualification from a leading actuarial organization
-
Sound experience in actuarial reserving or pricing
-
Finance and Insurance know-how (ideally P&C)
-
Excellent quantitative financial and risk modeling skills (i.e. data analysis)
-
Advanced computer skills, particularly MS Office and ResQ
-
Skills in R programming and/or Python programming would be very beneficial
-
A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.
-
Excellent analytical and problem-solving skills, with attention to detail
-
Excellent intercultural skills with an ability to work in an international and remote working environment
-
Intellectual curiosity in order to keep abreast of leading market practice and drive innovation
-
Fluent English skills required
84134 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent
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 Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
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 matters, 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.
Join us. Let's care for tomorrow.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid
#LI-SK1
#LI-Hybrid
