Job Title: Actuarial Analyst - Graduate Programme

Role Type: Fixed Term Contract / Full Time

Head Office Location: AGL Head Office, Maple House, Temple Road, Blackrock, Co. Dublin.

-

Main Purpose of the Job

Actuarial Analyst – Graduate Programme

Allianz Global Life dac (“AGL”) is a rapidly growing cross-border life insurer operating across Europe and global markets.

Allianz Global Life’sActuarial Graduate Programme offers an exciting opportunity to begin your career in a dynamic, international environment. You will gain hands-on experience across key business functions while receiving full support to complete your actuarial qualifications.

During the programme, you will rotate across two of the following areas:

• Actuarial
• Risk Management
• Product Investment

This structured approach will give you broad exposure to the business, helping you build both technical expertise and commercial awareness.

-

Actuarial Function

Responsibilities will include some or all of the following:

• Production and validation of actuarial liability data;
• Production and validation of economic scenarios for IFRS and SII reporting;
• Production and validation of actuarial reserves for IFRS and SII;
• Assist in the production of solvency and IFRS movement analysis and projections;
• Support the streamlining and automation of existing actuarial reporting processes;
• Support new model developments;
• Support annual assumption setting exercise;
• Provide actuarial support on various project initiatives;
• Support the production of Actuarial communications to the business, e.g. reports, committee papers etc

Risk Management

Responsibilities will include some or all of the following:

• Support the development and implementation of risk function deliverables under Solvency II including assisting in the production of Solvency II capital calculations and movement analysis (Standard Model and Internal Model).
• Assist in the production of solvency capital projections for the Company’s ORSA Recovery Plan and Planning Dialogue.
• Support the ongoing development and maintenance of the Internal Model.
• Support other risk management processes including producing risk management communications to the business, e.g. risk dashboards, risk committee papers etc

Product and Investment

Responsibilities will include some or all of the following:

Pricing Underwriting

• Gain a holistic understanding of how life insurance products are designed, priced and sold across different European countries. This includes in particular savings products with and without financial guarantees as well as protection products.
• Learn first-hand how product innovation happens: from the initial discussions with Market Management, to the translation of ideas into a product design and IT specification, that finally needs to be implemented and tested.
• Support the function in pricing business in a profitable and sustainable way while building your Actuarial modelling skillset.

Hedging

• Learn what it takes to secure our client’s future with financial guarantees while keeping our company’s financials strong with a successful hedge strategy.
• Get exposure to Allianz’s state of the art hedging platform and hedging experts in the US.
• Support the team in Dublin with improving our local processes, reporting on results and analysing strategy changes while learning the basics of financial engineering.

-