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Life Actuary/Life Risk Manager

Job Level:  Professional

Milan, IT, 20145

Due Date:  To be filled asap
Area of Expertise:  Risk Management
Unit:  Allianz Italy
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  2885




The Risk Management department of Allianz Italy is looking for a Life Actuary/Life Risk Manager.
The Life Risk Management team covers the following areas of responsibility:


Risk Capital for Life and support for overlapping area in Investment-ALM risk:

- Calculation and Analysis of Risk Capital results with the Allianz Internal Model
- Development & parameterization of the model for Solvency II and internal steering purposes
- Calculation of standard formula and comparison to the internal model
- Development of related infrastructure for the calculation process
- Model& parameter documentation and related governance including exchange with intra company expert teams
- Translation of risk capital results in business steering (product approvals, ALM)


Risk Management activities:
Actively follow risk management topics in the following business process:
- Product Development/Approval
- UW decisions
- Special Risk monitoring
- Input for strategy question
- Design and calculation of Stress Tests
- Input/interaction for qualitative Risk management and the investment risk team for ALM relevant topics
- Interaction with business and actuarial functions (pricing, reserving and UW)
- Overall risk management for life subsidiaries
- Internal and external risk reporting/ORSA
- Reporting to Allianz SE Group




- Life actuary/life risk manager or equivalent background with strong quantitative/analytic skills, preferably with 4/5 years of experience in Life Actuarial/Life Risk Management Departments of Insurance Companies.

- The candidate must have sound technical knowledge with programming skills, such VBA, SQL, as well as familiarity with working with statistic softwares and databases; knowledge of the insurance balance sheet and risk capital concepts.

- A good overview over life business processes would be an advantage.
- Fluent English knowledge.


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).