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P&C Risk Analyst (m/f/d) at Allianz Direct #StandwithUkraine

Job Level:  Professional

München, DE, 81677

Available until:  09/30/2022
Area of Expertise:  Risk Management
Unit:  Allianz SE
Employing Entity: 
Job Type:  Full-Time
Remote Job:  Remote working due to Covid 19
Employment Type:  Permanent
ID:  5915


Allianz Direct is a technology company with an insurance license, obsessed by customers. We are driven to deliver the future of insurance, now. We are a multinational company with locations in countries across Europe utilising latest technology to build amazing customer experiences.

We continously challenge the status quo and consider change as an opportunity to grow. In order to stay ahead of the game, we need to be ever evolving and lead by example.

You will be part of the Risk Management team at Allianz Direct. The purpose of this role is to support the development, maintenance and analysis of an internal model (IM) within the IM of AZ Group. Being primarily responsible and supporting the CRO in the required activites for the entire internal model application process. 


Key responsibilities

As a P&C Risk Analyst you will:

  • Perform regular risk quantification as part of the internal model and prepare quarterly reports and presentations on the results 
  • Support the business using the insight generated from the internal model and promote the use of internal model
  • Support the AZ Direct closing activities for Solvency II Risk Capital calculation & reporting, including analysis and presentation of results
  • Represent AZ Direct in respect of Risk Management topics in relevant committee(s), meetings, risk assessment workshops by analyzing risks as well as offering constructive challenge and new ideas
  • Support and review of the product approval process, conduct limit monitoring, assist in planning activities and relevant ad-hoc regulatory requests
  • Be the key interface for quantitative risk topics within the AZ Direct finance function, to subsidiary risk functions, to regulators/ internal and external auditors and colleagues from the Group.
  • Proactively identify opportunities and challenge the status quo.



  • Excellent analytical, organisational and communication skills
  • Self-motivated with the ability to work independently in an international cross-functional team
  • Experience in risk quantification and/or in economic capital modeling 
  • Understanding of P&C Reserve & Premium risk methodologies and their applications is a must
  • Responsibility for small to medium size projects where expertise from multiple entities needs to be considered and brought together
  • International working experience is a plus
  • Familiarity with Best Estimate Reserve Analysis is a plus
  • Entrepreneurial spirit and consider the only constant as change


Additional Information
We offer: Career development programs, Workwell@AllianzSE, Flexible working arrangements
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.