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) Actuarial Analyst (m/f/d) – based in Munich or Hamburg.

Your Team 

You will join the Actuarial Department which supports on all global lines of business of Allianz Commercial. We are a key unit in the broader Chief Finance Office function and strategic contributor to the long-term success of Allianz Commercial. We are a diverse team that works in close collaboration with other departments to protect Allianz Commercial’s financial strength and drive profitability. We look forward to welcoming you onboard.

The Impact You Will Have 
Reporting to the Head of Process Development and Projects, your main tasks will include to develop global actuarial processes as well as running and improving the tools used for the monthly and quarterly closing process. Your responsibilities will also include data collection and actuarial analysis as well as documentations and peer reviews. Moreover, you will work closely with all actuarial teams as well as IT, Accounting, Claims and Underwriting.

Some of your specific responsibilities could include:

• Develop global actuarial approaches and processes as well as enhance actuarial models and analyses. Present newly developed functionalities to stakeholders, globally and across all key business areas.
• Prepare and reconcile data for closing process and other actuarial processes and support the IBNR closing by running, maintaining and improving related tools.
• Collect and reconcile data and support related actuarial analyses.
• Drive innovation and efficiency in all our processes. Design prototypes. 
• Promote close collaboration and interaction with the various business areas to optimize processes and foster mutual understanding how business developments impact actuarial drivers in the financials.
• Provide documentation of processes, checks and controls.

What You’ll Bring to the Role

• Excellent tertiary qualification, preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.
• University graduates are welcome. 
• Outstanding analytical thinking skills along with quantitative financial and risk modeling know-how. 
• Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, reporting requirements (e.g. reinsurance and underwriting knowledge, reserving techniques, data flows, etc.) are a plus.
• Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs. management view) allowing for cross-departmental thinking and acting.
• Ideally, experience in relevant P&C insurance areas.
• Excellent computer skills, particularly MS Office, Foundry and SQL.
• Great communication and presentation skills, with an ability to positively influence others.
• Ability to work in an international environment and excellent inter-cultural skills.
• Fluent English skills, any other languages such as German advantageous.
• Progress towards recognized professional qualification, actuarial, CFA or MBA is a plus.

44211 | Actuarial | 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 agcsglobalcareers@allianz.com.

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.

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