Legacy Reinsurance Actuary - London, United Kingdom - Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Let's care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group.

Whether it's aircraft, satellites, the world's biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) has the major risks covered when it comes to protecting businesses.

We are looking for a Legacy Reinsurance Actuary (M/F/d), based in Munich or London.

Your Team
Our team is committed to the direct contribution to the financial result of AGCS. We activate values hidden in legacy reserves, by reducing capital need and operational spend.

The Impact You Will Have

Reporting to Head of Reinsurance Analytics and Reinsurance Technical, you will be responsible for legacy reinsurance valuation and commutation analysis across several lines of long-tail business.

You will be discussing results of your work with involved stakeholders, local and global management as well as Group functions.

You are able to work independently and acquire autonomously the necessary information and methodology to fulfil your tasks. You will ensure that work results are reviewed and other analysts in day-to-day work.

Some of your specific responsibilities could include

Support the reinsurance legacy team with your analytical expertise in a broad variety of projects (e.g. commutations, portfolio transfers)
Prepare and perform Actuarial analysis for assigned business area including documentation, communication and explanation of results
Keep abreast of leading market practice and drive innovation in legacy reinsurance valuation
Promote close collaboration and interaction with the various business areas (Underwriting, Accounting, Claims, Senior Management, Group Center etc.) to foster mutual understanding how business developments impact actuarial drivers in the financials
Peer review work from other team members and mentor, provide guidance to other team members

What You'll Bring to the Role

Tertiary qualification (ideally Master), preferably in Mathematics, Statistics or qualified by experience in related discipline
Qualified Actuary (Actuary title is assigned upon completion of these exams; otherwise the Sr. Actuarial Analyst II title applies) where applicable
More than 5 years of business experience, preferable spanning multiple actuarial areas
Several years of experience in actuarial reserving and especially in legacy reserving
Experience with multiple lines of business and preferably multiple types of business
Excellent communication and networking skills to collaborate with diverse stakeholders and communicate results
Proven experience in developing, enhancing and implementing actuarial models, analyses and processes
Extensive computer skills (MS Office incl. VBA and software such as SAS, R, Python or SQL)
Excellent knowhow in collection, structuring and analysis of claims data from heterogenous sources
Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations / compliance standards, reporting requirements (e.g. reinsurance knowledge, reserving techniques, portfolio valuation, etc.)
Finance and Insurance knowhow (ideally P&C) as well as understanding of complexities inherent in an insurance group allowing for crossdepartmental thinking and acting
Ability to work in an international environment and outstanding intercultural skills
Fluent English skills, any other languages is a plus

22666 | Actuarial | Professional | Allianz Global Corporate & Specialty | 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