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Lead Portfolio Manager (m/f/d) in Group Global Commercial

Job Level:  Professional

München, DE, 80802

Due Date:  01.01.2022
Area of Expertise:  Actuarial
Unit:  Allianz SE
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  3257

As a member of the UW Strategy and Planning team in Global Commercial, the overall purpose of this role is to drive a culture of portfolio optimization and continuous improvement in the Mid Corp Portfolio.

The role is located in Munich. This is an opportunity for an experienced (re)insurance professional that wishes to join a business with a significant market presence, strong balance sheet, and a clear commitment to technology, to have a tangible impact and a rewarding career. 


Reporting to:
Head of Underwriting Strategy and Planning
Allianz Global Commercial

Key Responsibilities:

  • Establish, maintain and improve Global MidCorp portfolio management framework, processes & activities  to help ensure that the underwriting strategy aligns to the business plan and risk appetite, including ownership of the formal documentation of the framework
  • Drive implementation of portfolio techniques, analysis & reviews across MidCorp organization
  • Provide quantitative and qualitative input for MidCorp business / strategic reviews
  • Identify underlying portfolio issues and opportunities and translate them into recommendations and options for improvement, both strategic and technical levels
  • Play a key role in reviewing planning assumptions (e.g., loss ratios, CAT review, large losses, premium and volatility assumptions)
  • Develop a broader set of portfolio optimization metrics, to give greater insight into planning decisions, and help maximize the ROE
  • Support data team(s) with relevant business and portfolio analytics projects
  • Steer and ensure alignment of wider group initiatives (e.g. ACM) on portfolio management framework & processes
  • Provide input to inform overall risk appetite discussions before the planning process and contribute to any reinsurance-specific risk appetites
  • Support OEs and Regions with technical and analytical portfolio matters / reviews
  • Support alignment of portfolio management work with pricing and reinsurance work
  • Support Regional Hubs and OEs through training & analysis
  • Develop a broader set of portfolio optimization metrics, to give greater insight into planning decisions, and help maximize the ROE

Key Requirements/Skills/Experience:

  • University degree (Master / University Diploma) in Actuarial Science or similar technical discipline
  • 10+ years experience working in (re)insurance company, broker or consultancy
  • Strong analytics/statistical skills gained preferably in a Pricing, Reserving and /or  Capital Modelling
  • Outwards reinsurance experience desirable
  • Experience with working on large data sets and creating impactful management information
  • Strong IT skills, preferably knowledge of programming languages or predictive analytics
  • Strong ability in problem solving, prioritization and implementation know how
  • Strong ability to influence (and getting things done) w/o having disciplinary authority
  • Fluency in English language (verbal & written), local language skills are an advantage

Additional Information
We offer: Career development programs, Workwell@AllianzSE, Flexible working arrangements
Senior Recruiter: Ms. Zhiva Hristova: +49 89 3800 14379
Please submit your applications only via our online tool


Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.