(Senior) Actuarial Analyst
Allianz
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 | Non-Executive | Allianz Commercial | Full-Time | Permanent