About this role
The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. Allianz SE, the parent company, is headquartered in Munich, Germany. Allianz has established a specialist subsidiary company for Reinsurance business in Dublin, Allianz SE Dublin Reinsurance Branch (‘the Company'). The Company's premises are at Allianz House, Elmpark, Merrion Road, Dublin 4.
Job Description
We are looking for an Actuarial Expert to join our Corporate Actuarial team at Allianz Re in Dublin. Reporting to the Head of P&C Reserving, you will be part of a small, collaborative and highly professional team, fully integrated with all aspects of quarterly and annual reporting under IFRS 17 and Solvency II.
This is an excellent opportunity for a nearly or newly qualified actuary to deepen their technical expertise in a global reinsurance environment, working with modern tools including ResQ, Unify, SAS and advanced Excel.
Key Responsibilities
Perform reserving on IFRS 17 and Solvency II bases across assigned global reinsurance segments
Carry out underwriting risk capital calculations as part of the entity's Solvency II internal capital model
Contribute to quarterly roll-forward exercises and annual deep-dive reserve reviews
Support experience analysis and assumption setting for Life & Health and/or Property & Casualty lines
Assess reserve adequacy, monitor trends and emerging risks
Perform stress testing, sensitivity analysis and scenario modelling from both reserving and risk capital perspectives
Identify opportunities for model improvements and support their implementation
Communicate findings clearly to stakeholders across the business
What We're Looking For
Required Qualifications & Experience
Close to completing (or recently completed) fellowship of a recognised actuarial body (e.g. IFoA)
University degree in Actuarial Science, Mathematics, Statistics or a related quantitative discipline
3+ years' experience in IFRS and/or Solvency II reserving, local regulatory reserving, or capital modelling in a reinsurance or insurance environment
Good understanding of IFRS 17 concepts; practical experience (e.g. in IFRS 17 testing or development) is a strong advantage
Technical Skills
Programming and database proficiency, SAS and SQL are essential
Strong MS Excel skills including VBA and Power Query
Experience with DFA, risk capital or cashflow modelling would be an advantage
Personal Attributes
Strong analytical mindset with excellent attention to detail
Clear and confident communicator, both written and verbal
Comfortable working independently and managing competing priorities
A collaborative team player who thrives in an international working environment
Structured approach to complex actuarial problems
At Allianz Re, we are committed to embracing innovation and the responsible use of Artificial Intelligence to enhance our work. We particularly value candidates who demonstrate:
Curiosity and a proactive approach to learning new tools and methodologies
Awareness of AI-powered tools and their application in actuarial and data analysis
An interest in data-driven decision-making and continuous improvement
What We Offer
Study support for actuarial professional examinations
Exposure to a diverse, global reinsurance portfolio
A supportive, close-knit team environment with direct access to senior leadership
Opportunities for professional growth within the wider Allianz Group
Modern tools and technology to support your work
Regulatory Notice:
Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland. Please refer to the Central Bank of Ireland’s Guidance on Minimum Competency Code: Minimum Competency | Central Bank of Ireland as well as F&P Standards and the Corporate Governance Requirements: Fitness & Probity | Central Bank of Ireland. This includes the requirements provided for by the Central Bank Individual Accountability Framework Act 2023. The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required. Full details are available via the Central Bank website: Individual Accountability Framework | Central Bank of Ireland.
Allianz SE Dublin Reinsurance Branch is regulated by the Central Bank of Ireland.
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