Life Actuary (TRIESTE, IT)

Allianz
Italy
Workplace: OnsiteFull timeEUR 34,500 - 40,000Function: Insurance & ActuarialExperience: 1-3 yearsEducation: mastersSkills: ["Team spirit","Self-motivation","Proactive","Team player","Proactive and committed working style"]

Develop and maintain IFRS 17 valuation and calculation models for life insurance, including analysis of movements and sensitivities. Support profit testing for new products and calculate risk measures tied to NB. Contribute to business plan valuation over a 4-year horizon using IFRS 9/IFRS 17 and statutory technical items, including technical income statement development. Determine actuarial assumptions (lapse and mortality) and support Allianz Group reporting and the actuarial function.

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FursaFursa
Allianz
Allianz
1 day ago

Life Actuary (TRIESTE, IT)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 16 hours agoStatus: Live

Job Summary

Develop and maintain IFRS 17 valuation and calculation models for life insurance, including analysis of movements and sensitivities. Support profit testing for new products and calculate risk measures tied to NB. Contribute to business plan valuation over a 4-year horizon using IFRS 9/IFRS 17 and statutory technical items, including technical income statement development. Determine actuarial assumptions (lapse and mortality) and support Allianz Group reporting and the actuarial function.
Location: Italy
Workplace: Onsite
Employment Type: Full time
Job Function: Insurance & Actuarial
Seniority: Entry level

Key Responsibilities

  • •Calculate and value NBM/NBV in accordance with IFRS 17, including analysis of movements and sensitivities.
  • •Perform profit testing for new products and support the Life Department.
  • •Calculate risk measures connected to NB.
  • •Support business plan valuation by calculating and analyzing IFRS 9/IFRS 17/statutory technical items and developing the technical income statement for operating profit over a 4-year plan horizon.
  • •Determine actuarial assumptions (lapse and mortality) and support Allianz SE Group reporting and the actuarial function.

Pay and Benefits

Salary: EUR 34,500 - 40,000

Key Requirements

  • •Master’s degree in Actuarial Sciences, Mathematics, Economics (with strong quantitative specialization) or equivalent background.
  • •1-3 years of previous experience in Life or Consultancy actuarial departments.
  • •Knowledge of actuarial software or equivalents (e.g., RAFM / PROPHET).
  • •High technical knowledge connected with programming skills.
  • •High knowledge of MS Excel and other MS Office applications, including familiarity with working with databases.
Experience:1-3 yearsLife insuranceConsultancy
Education:Master's in Actuarial Sciences, Mathematics, Economics
Skills:Team spiritSelf-motivationProactiveTeam playerProactive and committed working style
Languages:ItalianEnglish
Tech Stack:IFRS 17IFRS 9NBMNBVRAFMPROPHETMS ExcelMS OfficeDatabasesChatGPTAI tools

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