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Actuarial Expert - Process Development (m/f/d) - based in Munich or Hamburg

Job Level:  Professional

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

Available until:  22.04.2023
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:  21614

Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow


At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AGCS has the major risks covered when it comes to protecting businesses.

We are looking for an Actuarial Expert to assist with process development, based in Munich or Hamburg. 


Your Team


Reporting to the Head of Process Development, you will be part of a special cross-functional agile Project Team which focusses on preparing, maintaining and improving tools and processes for our Actuarial team worldwide. 


The Impact You Will Have 


As a key actuarial expert of the project team, you will bring your expertise to play for the designing, testing and enhancing of new and existing processes. For the most part, this is within a bespoke IT tool called ADP.
You will be at the centre of a cross-functional and international team, interacting with stakeholders from IT, reserving actuaries, Accounting and Finance, having a real impact on our business across the board. 


Some of your specific responsibilities could include:


  • Analysing how our actuarial processes can be improved to match ever-changing business requirements
  • Designing prototypes
  • Documenting your work and requirements, tracking progress
  • Working alongside IT developers to implement the changes and run testing
  • Preparing training documentation and sessions for junior colleagues
  • Present newly-developed functionalities to stakeholders, globally and across all key business areas


What You’ll Bring to the Role

You have an Actuarial certification and around 5 to 8 years of experience in the actuarial field, ideally educated in Mathematics or Statistics. You are keen to apply your actuarial knowledge to improve tools and processes, and to share your knowledge with others.
In addition you: 

  • Are familiar with the insurance and reinsurance market, regulatory and compliance standards, reserving techniques etc.
  • Are aware of insurance finance and the complexities of an international insurance company
  • Have quantitative financial and risk modelling skills
  • Are at ease with MS Office, advanced Excel skills
  • Present experience in developing and implementing models and processes.
  • Work well in an international and remote team, at ease in a multicultural context
  • Actuarial certification and membership in a recognised professional society    
  • Are able to convey technical information clearly and effectively, adapting to your audience
  • Identify issues and initiate appropriate actions to find solutions
  • Have an excellent command of the English language


21614 | Actuarial | Professional |  Allianz Global Corporate & Specialty | 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 Global Corporate & Specialty (AGCS) is a global corporate insurance carrier and part 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.  Learn more about us 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


Recruitment Agencies: 
AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS 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.