Let’s care for tomorrow. Your ambitions. Your dreams. Your tomorrow Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses. We are seeking an Actuarial Expert (m/f/d) based in Munich or London to join our short-tailed lines reserving team. Your Team The short tail reserving team is responsible for ensuring adequate level of loss provisions for the relevant lines of business. We perform an in-depth analysis across different markets and regions. Our opinion is used across the company for various decision-making processes, for example business steering. The Impact You Will Have Reporting to the Head of Short Tail Lines Reserving, you will be responsible for the actuarial analysis as well as managing tasks and projects independently in your area of responsibility. This will include preparation of input data, update of actuarial models, and documentation of assumptions, methods, and results. Moreover, you will be directly involved and steering discussions with key stakeholders (i.e. Claims, UW, Pricing, etc.) and be responsible for maintaining a strong link to related functions within CFO Actuarial teams and Group Actuarial Planning and Controlling (GAPC). Some of your specific responsibilities could include: Support the team leader to actively steer actuarial results for your assigned Lines of Business (LoB) with a forward-looking view to bring transparency for clear understanding of the quarterly and annual Actuarial P&L impacts and trends. Support actuaries, independent consultants, and auditors as well as actuaries at the holding company in timely and accurate manner. Execute advanced actuarial analysis to understand profitability, trends, underlying patterns, update loss provisions etc. including documentation, communication and explanation of results. You will be utilizing Allianz Commercial’s tools/software to best support your function, including claims/policy database, GRID, Foundry, ADP, CoreOntology 1/2. Prepare actuarial reports with sufficient peer review. Present results of reserves review in a professional, clear and concise manner. Defend your actuarial view points in an adequate and independent manner. Promote close collaboration and interaction with the various business areas (Allianz Group, UWPPM, Global Performance Steering, Claims, CFO, etc.) to foster mutual understanding of how business developments impact actuarial drivers in the financials and eventually be the key contact person for your selected line of business globally and/or region. Act as actuarial ambassador outside of the department. Drive innovation and efficiency in processes, particularly to improve annual reserve review quality and control and the understanding of quarterly/monthly impacts. Develop global actuarial approaches and processes as well as enhance actuarial models and analyses. Peer review work from other team members and/or ask for peer review of your own work. Actively mentor, provide guidance to junior team members including onboarding support. What You’ll Bring to the Role University degree in a quantitative discipline required Progress towards recognized actuarial qualification from a leading actuarial organization (Associateship) 5 to 7 years of experience in actuarial reserving or pricing experience Excellent actuarial knowledge (data, claims, underwriting, reinsurance, pricing) as well as finance and insurance know-how Excellent quantitative financial and risk modeling skills (i.e. data analysis) Advanced computer skills, particularly MS Office and ResQ Skills in R programming and/or Python programming would be very beneficial Excellent analytical and problem-solving skills, with attention to detail Excellent communication, interpersonal and presentation skills, with an ability to influence others without authority Excellent intercultural skills with an ability to work in an international and remote working environment Intellectual curiosity in order to keep abreast of leading market practice and drive innovation Fluent English skills required 59403 | Actuarial | Professional | Allianz Commercial | Full-Time | Permanent What’s in it for you? Let’s care about everything that makes you, you We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us. Let’s care for your financial wellbeing We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. Let’s care for your opportunities to progress From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. Let’s care for life’s twists and turns From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. Let’s care for our society and our planet With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. Care to join us? Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here. Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareersallianz.com Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. LI-NG1 LI-Hybrid