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Insurance Risk Management and Accounting Senior Auditor

Job Level:  Professional

Milan, IT, 20145

Available until:  31/12/2022
Area of Expertise:  Audit
Unit:  Allianz Italy
Employing Entity:  Allianz Spa
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  15223



The role required is inside the Finance Audit Unit of Allianz Italy that is responsible for verifying the adequacy of the following processes: Investments, Accounting, Tax, Financial planning and control, Risk management, Corporate actuarial and Actuarial pricing.


The position holder has particularly a proven experience (at least 6/7 years) in the field of insurance accounting (local GAAP, IAS/IFRS), risk management processes (Solvency II Pillar 1, 2 and 3) and related data quality issues. In particular, is able to: a) identify business risks and key controls; b) generate feasible recommendations for improvement of the internal control framework of the audited processes; c) evaluate the effectiveness of remediations in case of control failures.


The workplace is in Milan (Allianz Tower), with possible short stays abroad for either activities in international working groups or in audits within international teams.




The person deals primarily with:

Managing and executing audit assignments relating to:

  • Accounting: determination of balance sheet items according to Italian GAAP, International accounting principles (IAS / IFRS)
  • Risk Management: mainly Solvency II framework in Pillar 1 (MVBS, SCR, MCR, Own Funds), Pillar 2 qualitative risk management (ORSA Report) and Pillar 3 regulatory reporting such as Solvency and Financial Condition Report (SFCR), RSR, QRTs ...
  • Data quality issues within the financial areas audited

Communicating effectively with stakeholder from all hierarchy levels

Carrying out risk assessment activities on the processes under the responsibilities of the Finance Audit Unit​​

Exchanging actively with the Sister Functions (Compliance, Risk Management and Actuarial Function) on risk and control issues

Participating in the Expert Circles organized by Group Audit of Allianz SE on financial matters.


In a complementary way the person also participates in International working groups on financial audit topics (i.e.:designing audit work programs) and in International teams for financial audit assignments.






  • At least 6/7 years of experience in the insurance industry:  Accounting and/or Risk Management and/or Internal Audit Finance Department of an insurance Company, External Auditing and/or Advisory in the insurance industry.


Education/Technical Skills

  • Strong academic background alternatively in Business Administration, Economics, Quantitative Methods
  • Strong skills in financial insurance statements, consolidation and IFRS reporting package, accounting administrative processes
  • Good skills in Risk Management Solvency II 3 pillars: MVBS, SCR, MCR, OF, ORSA, SFCR, RSR, QRTs
  • IFRS 9/17 knowledge is a plus
  • Fluent in Italian and in English, both spoken and written

 Soft Skills

  • Team spirit, high self-motivation, intellectual curiosity, out-of-the box thinking
  • Ability to express adequately (verbally and in writing) and to accept criticism
  • Problem solving and can-do attitude
  • Good analysis and synthesis and data analysis skills
  • Strong communication skills


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).