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Senior CAT Risk Research Analyst (m/f/d)

Job Level:  Professional

Unterföhring, DE, 85774

Due Date:  as soon as possible
Area of Expertise:  Risk Management
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office
Employment Type:  Permanent
ID:  3637

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 


Are you interested in joining our adventure by becoming our new Senior CAT Risk Research Analyst?
Reporting to the Head of CAT Risk Research & Development, as a Senior or Expert CAT Risk Research Analyst you will support in identifying and quantifying major accumulation risks to assist in the establishment of the appropriate risk mitigation and control mechanisms to ensure the financial solvency of AGCS. A special focus is on Geoinformation systems (GIS) and on Non-Modeled Exposures, Cat Event Response, Model assessment & validation, exploration of new technologies with value-added potential and simplification by development of automation tools. Be part of the CAT Risk Research & Development multidisciplinary team, where different professional backgrounds and work disciplines collaborate on the various topics. 



In this role you will…


  • Evaluate, suggest and implement procedures for treatment of perils/exposures currently not modeled at AGCS for overall global accumulation control and potential, usage in internal Risk Capital model and Actuarial Pricing. Contribute to define scope, timeframes and execute deliverables with internal and external clients.    
  • Assess, validate and run Catastrophe loss modeling software and prepare data extracts, analyses, reports and documentation. For relevant analyses as well as project related tasks: Contribute to define scope, timeframes and execute deliverables with internal and external clients.
  • Provide on the spot consultancy and translate or explain CAT Modeling results and reports to users in relevant departments, Communication and explanation of portfolio impact e.g. from model changes to internal clients.
  • Drive innovation and change through managing the evaluation process relating to modelling upgrades, GIS applications and other vendor catastrophe loss modelling software. All upgrade and change activities include technical and portfolio impact analyses and complete documentations.
  • Monitor natural disasters and perform post cat event modelling analyses to support various business functions on a near real-time basis.
  • Support various data and analysis projects within the Catastrophe Management Team by developing automation tools to drive simplification and innovation.
  • Take on responsibility for medium to large size projects and will be responsible for specific outcomes relating to: definition, execution and delivery phases of the project. 
  • Collaborate with Chief Underwriting Office Lines of Business (CUO LoBs) and other relevant functions (Actuarial, Pricing, Portfolio Management, Risk Management, Reinsurance, Accumulation Desk, Allianz Risk Consulting, Claims, etc.) to support business steering and portfolio management, Reinsurance renewals, Data Quality improvements and meet Solvency II requirements.


To be successful in the role:


You will have….


Required Experience/ Education


  • A relevant university degree preferably in Geosciences, Engineering, Mathematics, Physics or Informatics.
  • Experience in Cat Risk Management or CAT Model development, preferably in the context of Insurance and/or reinsurance
  • 5-7 years professional experience in the field of insurance and/or reinsurance
  • Ideally an understanding of underwriting practice for industrial risks and corporate business on a global basis.


Technical Skills


  • Experience with Catastrophe Modeling Software (e.g. RMS, AIR, OASIS).
  • A high level of proficiency in GIS (Geographical Information Systems) applications, and understanding of server-based architecture? ESRI usage experience is considered a plus.
  • A high level of proficiency in data analysis and data manipulation software tools such as Microsoft SQL Server & Excel. 
  • Great programming skills in Python
  • Experience with Microsoft Office applications.


General Skills


  • Strong analytical and conceptual capabilities.
  • A motivated individual with strong analytic, problem solving, and troubleshooting skills.
  • The ability to communicate with required levels / functions internally and externally in a global environment.
  • Proven skill to deliver results, and drive innovation and change.
  • The ability to develop talent and performance, lead oneself and others in line with the strategic orientation
  • Excellent English communications skills (verbal and written), German language skills are a plus. 
  • The ability to handle multiple tasks and projects simultaneously in a deadline-driven environment


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.