Allianz

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AGCS has the major risks covered when it comes to protecting businesses.

We are looking for a Senior Actuarial Analyst Diagnostics (m/f/d), based in Munich.

Your Team 

You will join the Actuarial Function Team which supports on all global lines of business of AGCS. We are a key unit in the broader Chief Finance Office (CFO) function and strategic contributor to the long term success of AGCS. We are an experienced, diverse and hardworking team and we look forward to welcoming you onboard.

The Impact You Will Have 

Reporting to the Head of Actuarial Function, your main tasks will include actuarial analysis of the AGCS loss model (Normalized LR), models development and refinement, documentations and peer reviews. A special focus will be on implementing process improvements in Foundry. Moreover, you will work closely with all actuarial teams as well as Underwriting, Pricing, IT and Accounting. You will ensure that the team leader can focus on strategic matters by processing delegable tasks. You will also participate in projects.

Some of your specific responsibilities could include:

• Develop global actuarial approaches and processes as well as enhance actuarial models and analyses 
• Support the team leader with strong P&C actuarial expertise to be applied within the models and processes in the area of responsibility
• Drive innovation and efficiency in all our processes, particularly to improve annual reserve review quality and control
• Peer review work from other team members and provide training and guidance to junior colleagues, depending on your seniority
• Promote close collaboration and interaction with the various business areas (IT, Accounting) to foster mutual understanding how business developments impact actuarial drivers in the financials

What You’ll Bring to the Role

• Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline
• You are an investigative qualified actuary 
• Several years of work experience, preferable spanning multiple actuarial areas as well as multiple types and lines of business
• 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
• Deep understanding of business financials (e.g. P&L, Capital Reports, etc.), cost management and macroeconomic trends and ability to develop the necessary data tools/models to support the business. (e.g. rate development, risk capital, etc.)
• Extensive computer skills (MS Office incl. VBA, SQL, Foundry, Python and relevant expert systems such as ResQ)
• Outstanding analytical thinking and numeracy skills
• Strong problem-solving skills
• Great communication skills and experience in presenting results to stakeholders
• Ability to thrive in an international working environment and develop remote relationships
• Fluent English skills, any other languages such as German advantageous

30130 | 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 Global Corporate & Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.

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: 

AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS 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.

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