Share this Job

Life Actuary - Actuarial Function

Job Level:  Professional

Milan, IT, 20145

Due Date:  To be filled asap
Area of Expertise:  Actuarial
Unit:  Allianz Italy
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  2024

The Life Actuarial Function department of Allianz Italia is looking for a Life Actuary.

The Life Actuarial Function team covers the following areas of  responsibility, for all the Italian Life Companies of the Group (namely Allianz SpA and CreditRas Vita SpA):


Technical reserves
- ensures that methodologies and models used in calculations are appropriate to the lines of business considered
- grants that the parameters and the assumptions used in cash flow projections are properly set up, and that a sound certification and validation process is in place
- verifies the availability, appropriateness and completeness of the data necessary for the valuations 

- overviews the entire calculation process.


Underwriting and Reinsurance
- verifies the consistency of the underwriting and reinsurance policy with the risk appetite of the Company
- overviews and provide an opinion both on the underwriting and the reinsurance policies.


Risk Management
- provides contributions to manage risks emerging from the insurance business
- supports, in its own area of competence, the risk management system application, as well as the risk modelling for the Solvency Requirements calculation and the Own Risk and Solvency Assessment report.



- Life actuary or equivalent background with strong quantitative/analytic skill

- Proven experience (e.g. 4/5 years) in Life Actuarial/Life Risk Management departments of Insurance Companies.
- The candidate must have sound technical knowledge connected with programming skills, such VBA, SQL.
- High proficiency in MS Excel and other MS Office applications as well as familiarity in working with statistic software and data bases; knowledge of the insurance balance sheet and risk capital concepts.
- Team player with a good overview over life business processes would be an advantage.
- Excellent written and spoken English

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.

Both genders may apply in accordance with the L. 903/77 (s.m.i).