Actuarial Expert (m/f/d) at Allianz Insurance

Munich, Bavaria, Germany -

Full Time

Start Date

Immediate

Expiry Date

21 Feb, 26

Salary

0.0

Posted On

23 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Risk Modeling, Risk Models, Data Analysis, Stochastic Models, Communication Skills, Mentoring, Mathematics, Statistics, Finance Knowledge, Insurance Knowledge, Automation, AI Tools, SQL, Python, VBA, ResQ

Industry

Financial Services

Description

We are looking for an Actuarial Expert (m/f/d) in Risk Modeling, based in Munich Your Team At Allianz Commercial our Actuarial department has an in-depth understanding of the business. We work in close collaboration with other departments to protect Allianz Commercial’s financial strength and drive profitability. The Impact You Will Have Reporting to the Team Lead Actuarial Risk Modeling, you will be working as an Actuarial Expert in the Chief Finance Office (CFO) Actuarial Risk Modeling (ARM) department. Your primary responsibility in this role is the development, maintenance and documentation of actuarial risk models in collaboration with colleagues within the ARM team and the wider Actuarial department, including strong interaction with other functions across the whole company. You ensure that work results are reviewed and guide the junior analysts in day-to-day work. You prepare presentations and discuss results of your work with local and global management as well as with Group functions or auditors. You work independently and self-contained and you are able to acquire autonomously the necessary information and methodology to fulfill your tasks. Some of your specific responsibilities could include: Promote close collaboration and interaction with the various business areas (Group, Underwriting, Market Management, other Finance departments, etc.) to foster mutual understanding how business developments impact actuarial drivers in the financials Create and run risk models including documentation, explanation and communication of results Be involved in various risk modeling, SII and IFRS17 related projects (e.g. model validation, TP model governance, IFRS17 implementation, Business steering, Capital Optimization, etc.) Develop global actuarial approaches and processes as well as enhance actuarial models and analyses Peer review work from other team members and mentor, provide guidance to junior team members Manage and drive forward own area of responsibility or projects 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 Steps taken towards actuarial qualification (e.g. Actuarial exams passed) Strong professional experience in actuarial roles (Reserving, Risk, Pricing, etc.) Finance and Insurance know-how (ideally P&C) with regards to market dynamics, standard concepts and approaches: regulation, risk modeling, reinsurance and underwriting knowledge, reserving techniques, etc. Proven experience in developing and implementing stochastic models, analyses and processes Extensive computer skills (MS Office incl. VBA and relevant expert systems such as ResQ, Igloo, R, SQL or Python, etc.) A solid understanding of data analysis, automation, and AI tools is required, with an awareness of ethical AI usage. Ability to identify patterns and root causes in complex (e.g. ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations Excellent communication skills with an ability to understand, elaborate and convey information clearly and effectively in respect to the audience Good ability to persuade and motivate others without direct authority Fluent in English, German language skills of advantage A basic understanding of artificial intelligence (AI) and its potential applications in business is essential. 86508 | 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. #LI-SK1 #LI-Hybrid

Responsibilities

The Actuarial Expert will develop, maintain, and document actuarial risk models while collaborating with various departments. They will also guide junior analysts and prepare presentations for management and auditors.