Corporate Actuarial Expert

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 83 million private and corporate customers and its 142,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, push the boundaries and challenge the industry.

Allianz Partners (AzP) provides diverse expertise in Automotive, International Health & Life, Travel Insurance, Assistance and Direct Sales and is at the forefront of the Allianz B2B2C offering. United under one brand, Allianz Assistance, Allianz Automotive and Allianz Care are specialist areas combining forces to push boundaries and create tomorrow’s solutions to deliver an enhanced experience to our clients. Our 15,000 employees are based across 34 countries and combine 58 different languages and 60 nationalities, reflecting the truly diverse nature of Allianz Partners.

What you do

Working as a member of the global Allianz Partners Corporate Actuarial department, you will be part of the Paris team responsible for the reserving of the Business Units (country based businesses). You will operate in a global set-up within an international insurance group specialized in travel, assistance and product protection insurance which has impressive business growth and ambition. The role can either be based in Paris or Munich.

You will play a key role in the reserving activity for Travel & Assistance business held at group level interacting with local entities throughout Europe. You will also hold responsibilities for harmonizing and documenting IFRS and Solvency II related actuarial methods and processes, and will develop as a key contributor to a wide range of finance transformation projects.

Key responsibilities

• Reserving

Manage the quarterly IFRS reserves process end-to-end for assigned European business units.

Understand and analyse the quality of the data in terms of coherency, completeness and consistency.

Analyse quarterly IFRS reserves to determine the appropriate IBNR level for run-off and new businesses.

Engage with local business units to present the corporate actuarial view on reserving.

Proactively manage relationship with local finance departments.

Contribute to harmonise and maintain the IFRS and Solvency II related actuarial methods, assumptions and calibration across all business units and lines of businesses.

• Projects

Engage with underwriting departments and develop as a subject matter expert on pricing/underwriting from a corporate actuarial view perspective.

Contribute to the project aiming at implementing the IFRS 17 standards for assigned business.

Contribute to the design, implementation and testing of a new reserving workflow.

• Processes and Controls

Responsible for the design, implementation and timely execution of internal controls applicable to the reserving process both for IFRS and Solvency II.

Engage with the internal control department to provide relevant information and raise concerns or issues to the Actuarial Corporate Director.

• Documentation

Design and implement the documentation repository of the department.

Draft assigned documentation related to technical methodologies or functional processes.

What you bring

• Professional experience of at least 1 year in P&C actuarial or risk management activities (consultancy/audit experience an asset).
• Qualification in a recognised actuarial association is an asset.
• Expertise in actuarial software and tools (SAS or ResQ an asset).
• Drafting and communication skills.
• Good project and stakeholders management skills.
• Ability to influence a wide range of stakeholders.
• Proactive behaviour.
• Team player.
• Good spoken and written English.

What we offer

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.

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. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.