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Actuarial Expert (m/f/d) - Short Tail lines reserving

JOB PURPOSE/ROLE

We are looking for a motivated and investigative seasoned actuary. The main tasks will include actuarial analysis of the loss position of Short Tail lines encompassing model development and refinement, actuarial analysis, peer reviews, and training and developing actuarial skills within the team. You enjoy working within an international environment and with a team of diverse skill sets.
Moreover, you will work closely with Underwriting, Claims, and Pricing teams to challenge and incorporate their input and to present and explain your analysis and findings.

You will report directly to the Global Head of Short Tail lines reserving and be based in Munich. You will ensure that the team leader can focus on strategic matters by processing delegable tasks. You also participate in important projects where the involvement of the manager's office is necessary.

KEY RESPONSIBILITIES

In this role you will ...

  • Support the team leader to actively steer actuarial results for Short Tail lines with a forward-looking view to bring transparency for a clear understanding of the quarterly and annual Actuarial P&L impacts and trends. Execute advanced actuarial analysis to understand profitability, trends, underlying patterns, update loss provisions, etc.
  • Promote close collaboration and interaction with the various business areas (Allianz SE Holding Company, Underwriting, Planning & Performance Management (P&PM), Claims, CFO, etc.) by being the key contact person for your selected line of business globally and/or region.
  • Drive innovation and efficiency in all our processes, particularly to improve annual reserve review quality and control and understand quarterly/monthly impacts for Short Tail lines. Prepare professional, high-standard actuarial reports.
  • Peer review work from other team members and provide training and guidance to junior colleagues.

    KEY REQUIREMENTS/SKILLS

  • Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in a related discipline.
  • Actuarial certification and membership in a recognized professional society.
  • Minimum 10 years of experience in reserving, thereof large part in Short Tail lines reserving; experience in corporate P&C sector is preferred.
  • Analytical thinking and problem-solving ability in order to identify appropriate solutions for business challenges.
  • Experience in developing/enhancing and implementing models/analysis and processes.
  • Proven expertise communicating with stakeholders on a clear and structured way, in order to make technical actuarial topics accessible to diverse audiences.
  • Ability to positively influence others' actions, decisions, opinions and motivate others without direct authority.
  • Proven experience in an international working environment (incl. business trips).

    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. Join us. Let's care for tomorrow.

    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.

    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. Among them are not only the world's largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

    Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.
    For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.
  • Actuarial Expert (m/f/d) - Short Tail lines reserving

    Allianz Global Corporate & Specialty
    Unterföhring
    Full time

    Published on 30.03.2021

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