(Senior) Actuarial Expert (m/f/d)
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 Expert, 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
We are seeking a (Senior) Actuarial Expert to serve as deputy to the Head of Short Tail Lines Reserving, responsible for managing projects independently while performing comprehensive actuarial analysis. The Expert will prepare data, update models, and document assumptions, methods, and results. They will steer discussions with key stakeholders and maintain strong connections to related functions within CFO ACT teams and Group Actuarial. This independent professional will ensure work products are thoroughly reviewed and effectively communicated, while also guiding analysts in their development.
Some of your specific responsibilities could include:
* Support team leader in steering actuarial results for assigned Lines of Business, ensuring transparency on P&L impacts and providing timely support to various stakeholders
* Execute and document advanced actuarial analyses to understand profitability trends, update loss provisions, and prepare high-quality reports with effective presentation skills
* Promote collaboration with business areas (Allianz Group, UWPPM, Claims, etc.) as key contact person for selected lines of business, acting as an actuarial ambassador
* Drive innovation and efficiency in processes to improve reserve review quality and understanding of quarterly/monthly impacts
* Develop global actuarial approaches and enhance models while staying current with leading market practices
* Act as deputy team leader when required, providing leadership continuity, mentoring team members, and taking ownership of ad hoc projects
What You’ll Bring to the Role
* Qualification, preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline
* Qualified Actuary (e.g. Fellow of CAS, IFoA, or another recognized actuarial org)
* Excellent actuarial knowledge (data, claims, underwriting, reinsurance, pricing) as well as finance and insurance know-how
* Strong knowledge in actuarial reserving and accounting
* 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
* Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
* Excellent analytical and problem-solving skills, with attention to detail
* Proven 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
84061 | 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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