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Senior Actuarial Expert IFRS17 (m/f/d), based in Munich or Hamburg

Job Level:  Professional

Unterföhring (bei München), DE, 85774 München, DE, 81737 Hamburg, DE, 22297

Available until:  10/20/2022
Area of Expertise:  Actuarial
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  12892

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.


Job Purpose/ Role 
The postion holder is a motivated and investigative professional with a strong balance sheet understanding in different legislations and a strong sense of ownership for closing and reporting related topics. The main tasks will focus on the ongoing roll out of the new IFRS17 accounting standard. This particularly includes the development of appropriate KPIs and transparanet explanation of IFRS4 vs IFRS17 results. The Senior Actuarial Expert IFRS17 will drive the correct and timely delivery of actuarial KPIs and balance sheet positions, particularly in IFRS17 legislation. The position holder will hold responsibility for the enhancement of quality, checks and controls in the monthly, quarterly and annual closing and reporting process. He/She will present and explain insights and understanding of the results within the actuarial team as well as to key stakeholders in other functions, particularly Accounting and Global Performance Steering.


The senior actuarial expert will report to the Head of Global Actuarial Closing & Forecasting. He/She will ensure that the team leader can focus on strategic matters by processing delegable tasks.    




In this role you will…

  • Drive the correct, in time and well understood delivery of actuarial KPIs (e.g. Actual vs. Expected) and balance sheet positions within the closing, forecasting and planning processes in different legislative environments, particularly IFRS 17
  • Avoid mistakes and misunderstandings by enhancing quality, checks and controls
  • Promote close collaboration and interaction within the team and the various key stakeholders, particularly in Accounting and Global Performance Steering to foster mutual understanding how business developments impact actuarial drivers in the financials.
  • Drive innovation and efficiency in all our processes, particularly to improve the qualilty in forecasts, achieving a high predictability.
  • Prepare professional, high standard actuarial reports.    
  • Peer review work from other team members and provide training and guidance to junior colleagues.
  • Provide documentation of processes, checks and controls.

To be successful in the role:


You will have…          

  • Minimum 5 years of experience in relevant P&C insurance areas, ideally actuarial reserving or technical accounting, with significant experience in IFRS and Solvency II.     
  • Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline.
  • 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.
  • 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).
  • Quantitative financial and risk modeling know-how and skills
  • Excellent computer skills, particularly MS Office
  • Proven experience in communication of results to stakeholders as well as in execution and enhancement of closing and reporting processes.
  • Ability to positively influence others' actions, decisions, opinions or thinking resulting in positive outcomes..
  • Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.


The benefits of joining AGCS

  • Hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world 
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance 
  • A competitive compensation and benefits package including generous bonus scheme  
  • Continuous learning: A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: You will be accepted for who you are and empowered to use your voice to help others find theirs


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. 


Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally. 

In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This is an exciting time to join AGCS as we continue on our journey of transformation, regaining market leadership and achieving success together. You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.


Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.


Let’s care for tomorrow.