Actuary / Actuary

Description

We are looking for an Actuary based in Wallisellen, Switzerland.

Your Team

Our team is dedicated to being a valued business partner, driven by a passion for meeting client expectations and regulatory requirements. With a diverse mix of skills and expertise, we aim to be the center of excellence for the Alternative Risk Transfer (ART LoB) business of Allianz Commercial, ensuring the protection of the balance sheets of Allianz Risk Transfer AG and Bermuda Ltd. We are a group of professionals who support one another, focused on making a difference together and enabling important decisions based on expert technical actuarial advice.

Allianz Risk Transfer Group serves as the center of competence for the alternative risk transfer business within the Allianz Group. Allianz Risk Transfer AG, headquartered in Liechtenstein since 2016, was founded in June 1997 in Zürich. It is a wholly-owned subsidiary of Allianz Global Corporate & Specialty AG and a member of the Allianz Group.

The Impact You Will Have

In this role, you will be responsible for preparing corporate actuarial analyses and supporting team members in their tasks. You will engage in discussions with business units, maintain connections with other CFO departments and group functions, and provide project support through documentation and testing of project deliverables. Additionally, you will tackle future challenges related to Swiss Solvency Test, Solvency II, and Bermuda Solvency regulations, contribute to capital optimization efforts, and participate in detailed business steering initiatives to influence business strategy.

Your Specific Responsibilities

• Develop, maintain, and enhance actuarial approaches, tools, and processes to ensure alignment with various regulatory regimes (such as SII, Bermuda Solvency regime, US RBC) and accounting standards (including US GAAP, PGR, IFRS17).
• Build and maintain stochastic actuarial models that contribute to reserving and insurance risk modeling analysis.
• Perform reserving analysis for various P&C Corporate risks across different accounting standards and regulatory regimes.
• Foster collaboration and interaction with various business and CFO areas to understand the business impacts on actuarial drivers within financials.
• Provide support for projects such as internal model validation through documentation and testing.

What You’ll Bring to the Role

• A minimum of 3 years of experience as a P&C actuary.
• Familiarity with Swiss Solvency Test, capital modelling, and internal model validation.
• Extensive computer skills, including proficiency in MS Office, strong R/Python skills and/or some ReMetrica skills.
• Strong analytical, problem-solving skills and attention to detail.
• Effective communication and teamwork competencies with the ability for cross-departmental thinking due to understanding of (re)insurance group complexities.
• Knowledge of reinsurance and accounting practices is beneficial.
• Preferably qualified actuary or actively working towards actuarial qualification.
• A willingness to learn and explore how AI can enhance your role and the broader organization.

What’s in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, recognizing the importance of balancing in-person collaboration with remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

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.

With our flexibility in working arrangements and support for health and wellbeing (including private healthcare and generous parental leave benefits), we are dedicated to assisting our employees through life's twists and turns.

We care for the future of our society and our planet, providing opportunities to engage in shaping a sustainable and inclusive tomorrow.

Care to Join Us?

Allianz Commercial is the center of expertise within Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, and unique risks such as offshore wind farms and infrastructure projects. We provide a wide array of traditional and alternative risk transfer solutions, outstanding risk consulting, multinational services, and seamless claims handling, helping our clients prepare for what's ahead.

Apply online using the form below. Only applications matching the job profile will be considered.

Diversity and Inclusion

Allianz is an equal opportunity employer, welcoming applications from all backgrounds, regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. The diversity of thought is an integral part of our culture.

People with Disabilities

To ensure that all candidates have the best opportunity to succeed, if you require any adjustments during the application and selection process, please email Show e-mail.

Recruitment Agencies

Allianz Commercial has an in-house recruitment team focused on sourcing great candidates directly. Therefore, we do not accept unsolicited resumes from agency or search firm recruiters, and fees will not be paid for candidates submitted without an agreement in place. When we engage with agencies, we have a Preferred Supplier List, and direct contact with hiring managers is discouraged.

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