Senior Actuarial Analyst (m/f/d)
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 (m/f/d) – based in Munich.
Your Team
You will join the Actuarial Department which supports on all global lines of business of Allianz Commercial. We are a key unit in the broader Chief Finance Office function and strategic contributor to the long-term success of Allianz Commercial.
Within the department you will be part of the Closing & Forecasting team which has the actuarial responsibility for the global closing of the books and the planning and forecasting of reserves. The team’s work ranges from coordination and review of other teams’ tasks to own analysis and modelling activities.
We look forward to welcoming you onboard.
The Impact You Will Have
We are looking for a motivated and analytically minded professional with foundational balance sheet knowledge across different regulatory frameworks and a keen interest in closing and reporting topics. In this role, you will focus on the correct and timely delivery of actuarial KPIs and balance sheet positions, with a particular emphasis on IFRS and Solvency II.
You will contribute to enhancing quality, checks, and controls within the monthly, quarterly, and annual closing and reporting cycle. Additionally, you will present and explain results and insights to the actuarial team as well as key stakeholders in the Accounting and Controlling departments. Reporting to the Head of Global Actuarial Closing & Forecasting, you will support the team leader by independently managing delegable tasks, enabling them to focus on strategic priorities.
Some of your specific responsibilities could include:
Actuarial Closing
- Calculating the discounting including analysing changes relative to prior periods
- Generate the actuarial parts of the Solvency II reporting including adjusting the tools based on changing input granularity
- Setup the IFRS aggregation tool and perform the initial analysis of the global claims
- Prepare professional, high-quality slides on focus areas for the quarterly Reserve Committee
- Collaborate with Accounting colleagues to resolve data quality issues found during the last closing
Forecasting & Planning
- Estimate the impact of new market data on the discounting
- Plan the reserve level of each of our subsidiaries over the next three years incorporating planned growth initiatives
Tools, Innovation & Process Improvement
- Identify inefficiencies in tools and processes you are working on and propose options for solutions
- Design changes needed to such a process and collaborate with the technical team to achieve implementation
- Stay abreast of leading market practices, especially with regard to AI
Ad-hoc analysis
- Support the Chief Actuary, external consultants, auditors, and actuaries employed by the holding company with ad-hoc analyses as required.
What You’ll Bring to the Role
- Excellent tertiary qualification, preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.
- University graduates are welcome.
- Outstanding analytical thinking skills along with quantitative financial and risk modelling 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.) are a plus.
- 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
- Effective communication and presentation skills, with an ability to positively influence others.
- Ability to work in an international environment and excellent inter-cultural skills.
- Fluent English skills, any other languages such as German advantageous.
- Progress towards recognised professional qualification, actuarial, CFA or MBA is a plus.
- A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.
101657 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent
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 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.
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