Actuarial Expert (m/f/d) (München, DE, 81737)

Allianz
Munich
Workplace: HybridFull timeFunction: Insurance & ActuarialEducation: mastersSkills: ["Analytical thinking","Communication","Influencing","Problem-solving"]

Join the Actuarial Risk Modeling team within the CFO Board Unit to develop, run, and document P&C underwriting risk models for the Solvency II internal model. Analyze model outputs and communicate key risk drivers to actuarial, finance, and business stakeholders. Support Solvency II activities and IFRS 17, contribute to capital optimization and business steering projects, and guide junior colleagues while improving global modeling approaches.

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FursaFursa
Allianz
Allianz
1 week ago

Actuarial Expert (m/f/d) (München, DE, 81737)

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Last checked: 14 minutes agoStatus: Live

Job Summary

Join the Actuarial Risk Modeling team within the CFO Board Unit to develop, run, and document P&C underwriting risk models for the Solvency II internal model. Analyze model outputs and communicate key risk drivers to actuarial, finance, and business stakeholders. Support Solvency II activities and IFRS 17, contribute to capital optimization and business steering projects, and guide junior colleagues while improving global modeling approaches.
Location: Munich
Workplace: Hybrid
Employment Type: Full time · Permanent
Job Function: Insurance & Actuarial
Seniority: Mid level

Key Responsibilities

  • •Create and run P&C underwriting risk models, including documentation, explanation, and communication of results.
  • •Analyze model outputs to identify key risk drivers and translate findings into insights for actuarial, finance, and business stakeholders.
  • •Collaborate with Group, Underwriting, Market Management, and CFO teams to explain how business developments impact actuarial and financial results.
  • •Support Solvency II internal model activities, including model development, calibration, validation, governance, and documentation.
  • •Contribute to IFRS 17, business steering, capital optimization, and other actuarial or finance-related projects, and review work from junior colleagues.

Pay and Benefits

Perks:PensionHealth InsuranceParental Leave

Key Requirements

  • •Degree (ideally Master’s) in Mathematics, Statistics, Actuarial Science, or related discipline, or equivalent experience.
  • •Actuarial experience in areas such as reserving, risk, or pricing, ideally gained over 5 to 7 years.
  • •Experience developing or implementing stochastic models, analyses, or processes, ideally gained over 3 to 5 years.
  • •Strong computer skills including MS Office with VBA and tools such as RESQ, IGLOO, R, Python, or SQL.
  • •Fluent English; German or another additional language is an advantage.
Education:Master's in Mathematics, Statistics, Actuarial Science
Skills:Analytical thinkingCommunicationInfluencingProblem-solving
Languages:EnglishGerman
Tech Stack:MS OfficeVBARESQIGLOORPythonSQL

Company Brief

Allianz
Global insurance and financial services group offering property-casualty insurance, life and health insurance, asset management, and corporate risk solutions to individuals, businesses, and institutions across more than 70 countries.
Industry: Insurance
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Munich, Germany
Founded: 1890
WebsiteLinkedIn