Senior Actuary / Senior Actuaryess

Description

We are seeking a Senior Actuary based in Wallisellen, Switzerland, for a temporary position of 6 months starting in October (maternity cover). Being part of a prestigious organization like Allianz opens doors to enriching experiences and future possibilities. Join us to leverage your actuarial expertise and enhance your career journey!

Your Team

Our team is committed 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 within Allianz Commercial, ensuring the protection of the balance sheets of Allianz Risk Transfer AG and Bermuda Ltd. We are a collaborative group of professionals focused on making a difference together, enabling crucial decisions based on expert technical actuarial advice.

Allianz Risk Transfer Group serves as the center of competence for 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 play a vital part in conducting reserving analysis and insurance risk modeling, ensuring compliance with various regulatory standards. You will utilize your skills to develop stochastic models and perform Solvency II and Bermuda Solvency calculations, contributing to capital optimization and business strategy. Collaborating closely with multiple departments, you will support governance and regulatory reporting, using your analytical and communication skills to make a meaningful contribution. This temporary position provides a unique opportunity to gain diverse experience and significantly impact a dynamic environment.

Some of Your Specific Responsibilities Would Include:

• Performing reserving analysis for various P&C Corporate risks across different accounting standards and regulatory regimes.
• Building and maintaining stochastic actuarial models that contribute to reserving and insurance risk modeling analysis.
• Participating in regular monthly closing activities.
• Performing Solvency II MVBS technical provision calculations, including duration, discounting, premium provision, risk margin, and EPIFP.
• Supporting with the calculation of underwriting risk and LAC DT under Solvency II Standard Model.
• Supporting Technical Provisions Model Governance activities to ensure robust governance around actuarial processes.
• Contributing to Economic Balance Sheet (EBS) calculations under the Bermuda Solvency Capital Requirement framework, focusing on discounting, premium provision, and risk margin.
• Performing the Underwriting Risk calculation under the Bermuda Solvency Capital Requirement Standard Model.
• Aiding in the preparation and submission of regulatory reports, including the Actuarial Function Report, Regular Supervisory Report (RSR), Solvency and Financial Condition Report (SFCR), and Own Risk and Solvency Assessment (ORSA) report.

What You'll Bring to the Role

• A minimum of 5 years of experience as a P&C actuary.
• Excellent tertiary qualifications (ideally a Master's), preferably in Mathematics, Statistics or related discipline, or qualified by experience in a related field. Qualification as an actuary is preferred.
• Business experience that preferably spans multiple actuarial areas.
• Extensive computer skills, including proficiency in MS Office, strong R/Python skills, and/or knowledge of ReMetrica.
• Effective communication and teamwork competencies, with the ability for cross-departmental thinking due to understanding (re)insurance group complexities.
• Knowledge of reinsurance and accounting practices is beneficial.
• Fluent English skills; additional languages are advantageous.
• Proven experience in developing, enhancing, and implementing models, analyses, and processes.
• Strong analytical and problem-solving skills with attention to detail.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

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

What’s in it for You?

Let’s Care About Everything That Makes You, You

We are committed to fostering an inclusive environment where everyone feels they belong. We offer a hybrid working model that recognizes the value of balancing 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 an excellent 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 and health and wellbeing (including private healthcare and generous parental leave benefits) to aiding people in returning from career breaks with invaluable experience. We’ve got your back.

Let’s Care for Our Society and Our Planet

With opportunities to engage 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 within the Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include leading consumer brands, financial institutions, industry leaders, the global aviation and shipping sectors, as well as family-owned and medium-sized enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects, and film productions. Our clients trust us to provide a comprehensive range of traditional and alternative risk transfer solutions, outstanding risk consulting, multinational services, and seamless claims handling. Allianz Commercial helps customers prepare for what lies ahead.

Learn more about careers at Allianz Commercial by clicking here.

Allianz is an equal opportunity employer and welcomes applications regardless of race, ethnicity, cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other characteristics protected under applicable local laws and regulations. Diversity of thought is a vital part of our culture.

People with disabilities: We want to provide all candidates with the best opportunity to succeed. If you require any adjustments to be made during the application and selection process, please contact us at agcsglobalcareers@allianz.com.

Recruitment Agencies: Allianz Commercial has an in-house recruitment team focusing on sourcing great candidates directly. We do not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid for candidates submitted by a recruiter without an agreement in place. When we do use agencies, we have a preferred supplier list in place; please do not contact managers directly. Failure to comply may result in the disqualification of candidates and/or the termination of our contract, as well as fees not being paid.

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