Senior Actuary (m/f/d) in Portfolio Management & Mobility Pricing

Allianz Worldwide Partners
  • Job Purpose/ Role

    Within Allianz Partners, Allianz Automotive is the leading strategic partner of automotive manufacturers in the provision of insurance and mobility services, currently managing more than 40 car brands in more than 30 countries. Automotive manufacturers and financial services can choose from a portfolio of customized products and service solutions in the fields of motor insurance, warranty, assistance and ancillary products. ~crlf~Within Technical Area, the team Portfolio Management & Mobility Pricing is responsible for Automotive portfolio management, advising on product design & pricing for Motor, analyzing profitability, assisting with underwriting & pricing of reinsurance business, ensuring technical excellence & providing actuarial consulting.~crlf~In order to support Allianz Automotive’s ambitious growth & profitability targets, we are looking for an internationally experienced Senior Actuary driving our efforts related to portfolio management and profitability steering, with a special focus on motor insurance and experience in reinsurance or reserving topics.

  • Key Responsibilities

    As Senior Actuary you will support the portfolio management team and drive our activities related to:~crlf~##Profitability assessment of new business opportunities and renewals, in particular quota share reinsurance deals~crlf~##Conducting quantitative & qualitative analysis and providing holistic evaluations & recommendations to senior management ~crlf~##Enabling profitable underwriting & deal negotiation through market & competitor analysis, design of commission structures, performing risk transfer tests and ensuring common technical understanding with business partners~crlf~##Performance management of reinsurance accounts & monitoring of Allianz entities’ automotive books ~crlf~##Suggestion & evaluation of portfolio remediation measures, reinsurance commutations & negotiation strategies~crlf~##Contributing to the quarterly closing process, allowing adequate reserving and enabling sound financial reporting~crlf~##Actuarial consulting of manufacturers and Allianz entities during development of specific product & coverage solutions as well as non-standard premium concepts ~crlf~##Peer review and challenging of innovative product & pricing solutions for new mobility topics (e.g. car-sharing assisted driving, autonomous driving, telematics etc.)~crlf~##Conducting portfolio management, steering profitability & implementing technical excellence initiatives ~crlf~##Developing and sharing of best practices in classic motor & new mobility topics amongst Allianz entities~crlf~##Participation in internal & interdisciplinary projects, including planning, reporting and financial tasks~crlf~##Collaboration with colleagues from international operating entities, hub functions as well as other Allianz Partners or Allianz SE departments on ad-hoc basis

  • Key Requirements/ Skills

    Qualifications:~crlf~##Excellent university degree in mathematics, statistics or similar professional experience~crlf~##Minimum 6-8 years of professional experience~crlf~##Completed actuarial qualification~crlf~##Excellent verbal and written English required; proficient German as well as additional foreign language skills are advantageous~crlf~##Proficient user of Microsoft Office packages (Excel, Word, PowerPoint) and other relevant software~crlf~ ~crlf~Experience & Key Skills:~crlf~##Experience in quota share reinsurance pricing, underwriting and/or reserving ~crlf~##Experience in portfolio management and profitability assessment~crlf~##Knowledge of financial and technical accounting~crlf~##Knowledge of international motor insurance markets and their products & pricing is beneficial~crlf~##Excellent analytical, conceptual and problem solving skills~crlf~##Ability to take over responsibility and work independently, creatively and flexibly within a team~crlf~##Experience in working in a fast-paced, dynamic and international environment~crlf~##Intercultural sensitivity and international experience~crlf~##Highly developed interpersonal skills (i.e. communication, presentation and negotiation)

  • Additional Information

    Please note that the mandatory application document is the CV, all other files such as Cover Letter for the position, University Transcripts, Diploma and Employer Testimonials/References are advisable and desired by the Hiring Department for a more comprehensive application assessment.

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Worldwide Partners provides diverse expertise in automotive, international health & life, travel insurance, assistance and direct sales and is at the forefront of the Allianz B2B2C offering. United under one roof, Allianz Global Assistance, Allianz Global Automotive and Allianz Worldwide Care are specialist brands combining forces to push boundaries and create tomorrow's solutions to deliver an enhanced experience to our clients. Our 16,000 employees are based across 76 countries and combine 70 different languages and 60 nationalities, reflecting the truly diverse nature of Allianz Worldwide Partners. Our DNA is unique: we dare and care, anytime, anywhere. If this sounds like you, come and join us!

    Allianz Worldwide Partners is a fast changing company with strong growth ambitions. We care for our customers, and our caring nature extends to our employees. We don't just hire people, we nourish them and invest in their careers because we recognize that your development and our growth and our development go hand in hand. So if you would like to be part of a global company that offers international career opportunities, kick-start your career and dare to join us!~crlf~~crlf~As an equal opportunity employer, Allianz Worldwide Partners recognises that our strength lies in our people. We are committed to diversity and inclusivity and everyone is welcome to apply.~crlf~~crlf~More information regarding the Allianz Worldwide Partners lines of business can be found at: http://www.allianz-worldwide-partners.com/corporate/~crlf~~crlf~

Job Purpose/ Role

Within Allianz Partners, Allianz Automotive is the leading strategic partner of automotive manufacturers in the provision of insurance and mobility services, currently managing more than 40 car brands in more than 30 countries. Automotive manufacturers and financial services can choose from a portfolio of customized products and service solutions in the fields of motor insurance, warranty, assistance and ancillary products. ~crlf~Within Technical Area, the team Portfolio Management & Mobility Pricing is responsible for Automotive portfolio management, advising on product design & pricing for Motor, analyzing profitability, assisting with underwriting & pricing of reinsurance business, ensuring technical excellence & providing actuarial consulting.~crlf~In order to support Allianz Automotive’s ambitious growth & profitability targets, we are looking for an internationally experienced Senior Actuary driving our efforts related to portfolio management and profitability steering, with a special focus on motor insurance and experience in reinsurance or reserving topics.

Key Responsibilities

As Senior Actuary you will support the portfolio management team and drive our activities related to:~crlf~##Profitability assessment of new business opportunities and renewals, in particular quota share reinsurance deals~crlf~##Conducting quantitative & qualitative analysis and providing holistic evaluations & recommendations to senior management ~crlf~##Enabling profitable underwriting & deal negotiation through market & competitor analysis, design of commission structures, performing risk transfer tests and ensuring common technical understanding with business partners~crlf~##Performance management of reinsurance accounts & monitoring of Allianz entities’ automotive books ~crlf~##Suggestion & evaluation of portfolio remediation measures, reinsurance commutations & negotiation strategies~crlf~##Contributing to the quarterly closing process, allowing adequate reserving and enabling sound financial reporting~crlf~##Actuarial consulting of manufacturers and Allianz entities during development of specific product & coverage solutions as well as non-standard premium concepts ~crlf~##Peer review and challenging of innovative product & pricing solutions for new mobility topics (e.g. car-sharing assisted driving, autonomous driving, telematics etc.)~crlf~##Conducting portfolio management, steering profitability & implementing technical excellence initiatives ~crlf~##Developing and sharing of best practices in classic motor & new mobility topics amongst Allianz entities~crlf~##Participation in internal & interdisciplinary projects, including planning, reporting and financial tasks~crlf~##Collaboration with colleagues from international operating entities, hub functions as well as other Allianz Partners or Allianz SE departments on ad-hoc basis

Key Requirements/ Skills

Qualifications:~crlf~##Excellent university degree in mathematics, statistics or similar professional experience~crlf~##Minimum 6-8 years of professional experience~crlf~##Completed actuarial qualification~crlf~##Excellent verbal and written English required; proficient German as well as additional foreign language skills are advantageous~crlf~##Proficient user of Microsoft Office packages (Excel, Word, PowerPoint) and other relevant software~crlf~ ~crlf~Experience & Key Skills:~crlf~##Experience in quota share reinsurance pricing, underwriting and/or reserving ~crlf~##Experience in portfolio management and profitability assessment~crlf~##Knowledge of financial and technical accounting~crlf~##Knowledge of international motor insurance markets and their products & pricing is beneficial~crlf~##Excellent analytical, conceptual and problem solving skills~crlf~##Ability to take over responsibility and work independently, creatively and flexibly within a team~crlf~##Experience in working in a fast-paced, dynamic and international environment~crlf~##Intercultural sensitivity and international experience~crlf~##Highly developed interpersonal skills (i.e. communication, presentation and negotiation)

Additional Information

Please note that the mandatory application document is the CV, all other files such as Cover Letter for the position, University Transcripts, Diploma and Employer Testimonials/References are advisable and desired by the Hiring Department for a more comprehensive application assessment.

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Worldwide Partners provides diverse expertise in automotive, international health & life, travel insurance, assistance and direct sales and is at the forefront of the Allianz B2B2C offering. United under one roof, Allianz Global Assistance, Allianz Global Automotive and Allianz Worldwide Care are specialist brands combining forces to push boundaries and create tomorrow's solutions to deliver an enhanced experience to our clients. Our 16,000 employees are based across 76 countries and combine 70 different languages and 60 nationalities, reflecting the truly diverse nature of Allianz Worldwide Partners. Our DNA is unique: we dare and care, anytime, anywhere. If this sounds like you, come and join us!

Allianz Worldwide Partners is a fast changing company with strong growth ambitions. We care for our customers, and our caring nature extends to our employees. We don't just hire people, we nourish them and invest in their careers because we recognize that your development and our growth and our development go hand in hand. So if you would like to be part of a global company that offers international career opportunities, kick-start your career and dare to join us!~crlf~~crlf~As an equal opportunity employer, Allianz Worldwide Partners recognises that our strength lies in our people. We are committed to diversity and inclusivity and everyone is welcome to apply.~crlf~~crlf~More information regarding the Allianz Worldwide Partners lines of business can be found at: http://www.allianz-worldwide-partners.com/corporate/~crlf~~crlf~


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