(Senior) Actuarial Analyst (m/f/d)

Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

We are looking for a (Senior) Actuarial Analyst (m/f/d), based in Munich. 

Your Team 

You will join the Actuarial Department which supports on all global lines of business of Allianz Commercial. We are a key unit in the broader Chief Finance Office function and strategic contributor to the long-term success of Allianz Commercial. We are a diverse team that works in close collaboration with other departments to protect Allianz Commercial’s financial strength and drive profitability. We look forward to welcoming you onboard. 

The Impact You Will Have 

In this role, you will be reporting to the Head of Global Actuarial Closing & Forecasting. You are an investigative professional with an understanding of balance sheet in different legislations and interest in closing and reporting related topics. Your main tasks will focus on correct and timely delivery of actuarial KPIs and balance sheet positions, particularly in IFRS and SII. You will contribute to the enhancement of quality, checks and controls in the monthly, quarterly and annual closing and reporting process. You will present and explain insights and understanding of the results within the actuarial team as well as to key stakeholders in other functions, particularly Accounting and Global Performance Steering.  

Some of your specific responsibilities could include: 

• Deliver correct, in time and well understood actuarial KPIs (e.g. durations) and balance sheet positions within the closing, forecasting and planning processes in different legislative environments, particularly in Solvency II. 

• Promote close collaboration and interaction within the team and the various key stakeholders, particularly in Accounting and Global Performance Management to foster mutual understanding on the financial developments. 

• Drive innovation in our processes, identifying areas of inefficiencies and providing ideas for enhancement. 

• Prepare professional, high standard actuarial analysis of results and reports. 

• Peer review work from other team members to ensure the quality of work of the team is optimal. 

• Provide documentation of processes, and thorough checks and controls. 

What You’ll Bring to the Role 

• Degree preferably in Mathematics, Statistics, Actuarial Sciences or other appropriate discipline or qualified by experience in related discipline. 

• 1 to 3 years of work experience in relevant P&C insurance areas, ideally actuarial or technical accounting, ideally with experience in Solvency II. 

• Outstanding analytical thinking skills along with quantitative financial and risk modeling know-how.  

• Exposure to execution and enhancement of closing and reporting processes.  

• Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, reporting requirements (e.g. reinsurance and underwriting knowledge, reserving techniques, data flows, etc). 

• Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs. management view) allowing for cross-departmental thinking and acting. 

• Excellent computer skills, particularly MS Office. 

• Good communication and presentation skills, with an ability to positively influence others. 

• Ability to work in an international environment and excellent intercultural skills. 

• Fluent English skills are required, any other language is a plus. 

• Progress towards recognized professional qualification, actuarial, CFA or MBA is a plus. 

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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

Learn more about careers at Allianz Commercial by clicking here. 

Learn more about Allianz Commercial by clicking here. 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. 

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. 

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