Senior Risk Analyst (m/f/d) Solvency Planning

Job Level:  Professional

München, DE, 81737 Unterföhring (bei München), DE, 85774

Area of Expertise:  Risk Management
Unit:  Allianz Commercial
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  40109
Position Cluster:  Non-Executive


If you are a current Allianz Commercial employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria.


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 Risk Analyst (m/f/d) based in Munich. 


Your Team  


Within Risk Management, the Solvency Steering team are dedicated to deliver the best possible solutions in the identification, assessment and steering of risks and the respective regulatory interaction. We collaborate with the business function and ensure a proactive management of Allianz Commercial entities’ risk appetite considering the overall risk profile.   


The Impact You Will Have  


Reporting to the Head of Solvency Steering, you will be responsible for the risk capital and solvency planning process. You will support the analysis of the Allianz Commercial’s risk profile covering all major risk types and contribute to strategic projects. This includes reinsurance, mergers and acquisitions, but also capital optimization and capital allocation based on our internal model.  


Some of your specific responsibilities could include: 


  • Manage the risk capital and solvency planning process for AGCS SE and its material subsidiaries 
  • Analyze and explain planning results and prepare internal reporting to senior and top management as well as relevant committees as well as external reporting 
  • Conduct and develop controls around the risk capital planning process and ensure respective control framework is in line with requirements 
  • Identify, assess and monitor on a continuous basis, market, credit and insurance risks and support capital optimization within AZ Commercial as well as capital allocation based on the internal model 
  • Support and execute stress testing and scenario analysis for our entities and monitor regulatory developments impacting Allianz Commercial 


What You’ll Bring to the Role 


  • Professional experience in finance, reinsurance and/or P&C insurance with focus on quantitative risk management / risk controlling / risk modelling / Solvency II 
  • Excellent analytical abilities – comfortable working with complex data and creating logical and pragmatic conclusions and solutions 
  • Strong communication and presentation skills with an ability to collaborate with a wide variety of stakeholders and to engage them in complex topics 
  • Motivated by deadlines and able to adapt and reprioritize your workload as needed 
  • Confident working independently and as part of a global and culturally diverse team 
  • Excellent English skills (written and verbal) are required; German language skills are a plus 

40109 | Risk Management | Professional | Allianz Commercial | Full-Time | Permanent


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 company 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


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.