Senior Actuarial Analyst (m/f/d)

We are looking for a (Senior) Actuarial Analyst (m/f/d) – based in Munich.

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.

Within the department you will be part of the Closing Forecasting team which has the actuarial responsibility for the global closing of the books and the planning and forecasting of reserves. The team’s work ranges from coordination and review of other teams’ tasks to own analysis and modelling activities.

We look forward to welcoming you onboard.

The Impact You Will Have

We are looking for a motivated and analytically minded professional with foundational balance sheet knowledge across different regulatory frameworks and a keen interest in closing and reporting topics. In this role, you will focus on the correct and timely delivery of actuarial KPIs and balance sheet positions, with a particular emphasis on IFRS and Solvency II.

You will contribute to enhancing quality, checks, and controls within the monthly, quarterly, and annual closing and reporting cycle. Additionally, you will present and explain results and insights to the actuarial team as well as key stakeholders in the Accounting and Controlling departments. Reporting to the Head of Global Actuarial Closing Forecasting, you will support the team leader by independently managing delegable tasks, enabling them to focus on strategic priorities.

Some of your specific responsibilities could include:

Actuarial Closing

• Calculating the discounting including analysing changes relative to prior periods
• Generate the actuarial parts of the Solvency II reporting including adjusting the tools based on changing input granularity
• Setup the IFRS aggregation tool and perform the initial analysis of the global claims
• Prepare professional, high-quality slides on focus areas for the quarterly Reserve Committee
• Collaborate with Accounting colleagues to resolve data quality issues found during the last closing

Forecasting Planning

• Estimate the impact of new market data on the discounting
• Plan the reserve level of each of our subsidiaries over the next three years incorporating planned growth initiatives

Tools, Innovation Process Improvement

• Identify inefficiencies in tools and processes you are working on and propose options for solutions
• Design changes needed to such a process and collaborate with the technical team to achieve implementation
• Stay abreast of leading market practices, especially with regard to AI

Ad-hoc analysis

• Support the Chief Actuary, external consultants, auditors, and actuaries employed by the holding company with ad-hoc analyses as required.

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 modelling 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 PC) 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 PC insurance areas.
• Excellent computer skills, particularly MS Office
• Effective communication and presentation skills, with an ability to positively influence others.
• Ability to work in an international environment and excellent inter-cultural skills.
• Flue