Actuarial Function Expert P&C

The Actuarial Function of Allianz Benelux is looking for an experienced P&C Actuary to complement the team and advance it to the next level of technical excellence.

What do we offer you? 

Besides a top-notch team, at Allianz you also get every opportunity to create a good work-life balance. Not only are we flexible with an average of 60% working from home, but you also get the flexibility to schedule hours to suit your life. If you want to work out during lunchtime or pick up the kids in between meetings, that's no problem at all. Are you ready for something new after some time? There are plenty of career opportunities within Allianz! You can prepare yourself through 10,000+ training courses via Linkedin Learning and our own training programmes.

In addition, you are entitled to: 

• A gross monthly salary between €4.773,46 - €8.000, - based on 38 hours; 
• 8% holiday pay and a gratuity of 12.5% of annual salary;
• 25 holidays based on a 38-hour working week and the possibility of accruing 13-ADV days; 
• Working from home allowance; 
• NS Business card for all forms of public transport that you can use 24/7 (including private), or a travel allowance of €0.21 per km. 

What will you do?

The Actuarial Function is responsible for technical provision reviews, model validations, product approvals, as well as providing opinions on pricing, underwriting and risk capital. We cover the range of P&C, Life and Health insurance activities across the three Benelux countries. Our work style favors collaboration and problem solving together with the first line colleagues. Our purpose is ensuring the long term stability of the company and its financial resilience, securing our commitment to customers and stakeholders. We embrace a modern style of working where the motivation of each and every member of the community is our key interest and creativity, initiatives and collaboration are highly encouraged. We can make mistakes to learn, speak our minds, work hard, laugh hard, and celebrate our achievements. 

We offer a dynamic and flexible role for a P&C actuary in the Actuarial Function team covering the Benelux region. You report directly to the Actuarial Function Holder. Your work covers the full insurance landscape with a focus on P&C lines of business, covering both reserving and pricing as a second line function. As Allianz Benelux is a composite insurance company, your scope will expand to other insurance segments, i.e. Life and Health.

Your responsibilities:

• Review product design, technical and commercial pricing, reinsurance arrangements
• Review reserving techniques and technical provisions in local, IFRS and solvency balance sheets
• Review the solvency capital requirements
• Challenge the actuarial assumptions, enhance back-testing and sensitivity analysis 
• Engage with the reserving and pricing colleagues, collaborate to problem solving, provide guidance on technical topics, formulate relevant findings and actionable recommendations
• Write concise reports intended to Management, Board of Directors and Supervisor
• Stakeholder management, from Chief Actuary, Chief Underwriting Officer, Chief Risk Officer to the managers of the business domains
• Continuous learning to keep pace with business, market and technology evolutions

Is this you?

You are a qualified actuary, or started qualification, and you have relevant practical experience. You are curious, you like to challenge and be challenged. Explaining complex topics fluently using clear and simple language is natural for you. You do not take statements at face value, and are driven to understand the underlying dynamics. You stay up to date in the actuarial field, are eager to learn and test new methodologies or tools. You are a skilled programmer and you have passion to analyze, make links and provide your opinion on the technical provisions, the profitability and the underwriting risks of insurance products. You don’t shy away from joining forces with the business in order to improve the processes and techniques. You enjoy collaboration for problem solving, exchanging ideas, sharing practices.

What do we expect?

• A Master’s degree in Actuarial Sciences or equivalent actuarial expertise acquired through experience
• Relevant working experience in P&C reserving and pricing techniques
• Solid IT skills – querying and analyzing data, programming, actuarial software 
• Fluent communication in English including excellent writing skills. A good level of Dutch is required to have fluent conversations with the colleagues. French is a plus.  
• Ability to make presentation to senior management and explain complex topics with simplicity and clarity
• Flexibility to travel 1 day per week between the locations Rotterdam-Brussels

Do you think Allianz could be a good fit for you and your ambitions? 
Then apply directly via the application button! 

Do you have any questions? Then please contact: 

René Kleinveld recruitment@allianz.nl 

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