Principal Consultant (m/f/d) - Allianz Consulting - Insurance Transformation

About Us / Who you will join

130 years of trust, time to shape what's next. Allianz Group is one of the world's leading insurers and asset managers - built on over a century of stability, expertise, and financial strength. Allianz Services is where that legacy meets the future. 8,200+ people. Eight countries. Three continents. We deliver specialized services to clients within Allianz Group, powered by AI, advanced analytics, and a mindset that refuses to stand still. From core insurance operations to engineering and consulting services, we reimagine how insurance works. What truly sets us apart are our people and the trusted partnerships we build, anchored in our values of expertise, integrity, and empowerment. We don't support the business. We shape it.

Allianz Consulting is where strategy becomes action. As the internal consulting unit of the Allianz Group, we partner with operating entities worldwide to drive transformation across digital, sustainability, and operational excellence - and here, you grow fast and take ownership early.

Joining Allianz Consulting means working in a fully international environment alongside other talented people who enjoy sharing their knowledge and experiences, having increased personal responsibilities and working under a flat management hierarchy. Allianz Consulting has a reputation for focusing on growing its talent and on-the-job training from the very first day to ensure strong career development and preparation for future opportunities within the Allianz Group.

About the Team

The Insurance Transformation team partners with senior Allianz Group leaders on their most consequential strategic priorities. We define growth and productivity levers, harmonize business models, and translate strategic ambitions, such as the Group's AI agenda, into a prioritized transformation roadmap. We then drive its delivery by designing target operating models, redesigning end-to-end processes, and governing Group-wide transformation programs through to measurable results.

Role Overview

As a Principal Consultant you lead workstreams in strategy and transformation engagements for senior Allianz stakeholders, from Board-level sponsors to the leadership teams of operating entities. You start from strategy, helping senior leaders set priorities, build the business plan behind them and shape how Allianz competes and operates in a changing market. You then move to design and delivery, improving processes and performance across functions and entities, shaping the operating models that sustain the change and running the governance that turns a strategy into delivered results. Along the way you develop the consultants working with you.

Key Responsibilities

• Deliver complex strategic and transformation projects that reshape how Allianz operates, from strategic rationale, business case and financial modeling (including for potential acquisitions) to new operating models, leveraging your experience in strategy consulting and large-scale transformation programs and ensuring alignment with strategic objectives and measurable outcomes
• Set up and run project governance, including steering committees, delivery and impact reporting, risk and dependency management, executive status updates and board presentations for senior management
• Manage client relationships, provide guidance to junior colleagues and execute on project deliverables, timelines and day-to-day operations
• Report directly to the Engagement Manager, ensuring transparency on progress, risks and dependencies, and proactively provide clarity and action plans, anticipating potential pain points and addressing them before they escalate
• Analyze business needs through external benchmarking, selected due diligence and research on industry trends and market conditions, identify improvement opportunities across the insurance value chain and their top-down impact, and design innovative solutions that enhance business processes, operating models and digital capabilities
• Drive thought leadership by contributing to pitches, developing solution concepts and identifying new opportunities for value creation
• Coach and mentor junior consultants, fostering capability development and a high-performance culture
• Ensure effective stakeholder management and maintain strong client partnerships throughout project lifecycles

Key requirements / What we hope you bring

• University degree in Business Administration, Economics, Engineering or a comparable field
• 7+ years in strategy or management consulting, ideally with a top-tier or internal consulting firm, covering overarching business transformation strategy development and rollouts or M&A transactions and due diligences, including experience leading workstreams in large transformation programs
• Expert knowledge of AI and generative AI (GenAI) frameworks, daily use of AI tools in your own work and the ability to advise clients on AI adoption for successful business transformation
• Proven expertise in strategy development, business planning and large-scale transformation programs, together with target operating model design, business process improvement, program and project governance, business case development and organizational design
• Experience in insurance or financial services is ideal, combined with the ability to grasp complex business models quickly
• Strong structuring and analytical skills, strategic thinking and an entrepreneurial, hands-on mindset
• Confidence in advising and presenting to senior executives and in steering stakeholders across countries and functions
• Fluent in English (written and spoken)

Nice to have

• MBA or comparable postgraduate degree
• Experience in corporate transformation programs
• Experience in highly complex, international environments
• Certifications in process improvement or program management (e.g. Lean Six Sigma, PMP, agile frameworks)
• Additional languages, in particular German, Spanish, Italian and French

What We Offer

• Opportunity to shape the transformation of one of the world's largest and most innovative insurance and asset management companies
• A global consulting environment with direct exposure to senior leadership and strategic decision making
• Career development through structured growth paths, mentoring and international mobility
• A competitive compensation package, with financial and non-financial benefits
• A diverse and inclusive culture that values your individuality and empowers you to thrive

We highly welcome candidates with a genuine interest and affinity for Information Technology (IT) and Generative Artificial Intelligence (GenAI), as these attributes are considered valuable assets to our team.

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.

We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural Internal 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.

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