Chief Actuary; m​/f​/d

Description

We are looking for a Chief Actuary (m/f/d) based in Munich or London.

Be part of a dynamic and global team. You will be working with international colleagues, with a direct team of 60+ expert actuaries located in Europe and North America.

As the Chief Actuary at Allianz Commercial, you will play a pivotal role in shaping the financial stability and strategic direction of the company. By developing and implementing the Allianz Commercial actuarial strategy, you will ensure that actuarial insights guide solid balance sheet positions and support portfolio management rooted in technical excellence. As the leader and the sponsor of the global actuarial community, you will cultivate a culture of innovation and excellence and develop actuarial processes and talents that are future ready.

• Orchestrate estimation and validation of technical provisions with accuracy and value-adding business insights for stakeholders, and chair the Loss Reserve Committee quarterly
• Oversee the development, maintenance, and dissemination of internal actuarial risk capital models and their insights for the risk & solvency closing, pricing parameterization, reinsurance modeling and other risk-return based analytics
• Provide forward looking diagnostics around portfolio performance, guiding portfolio & cycle management activities and forming a fundamental opinion around business plan
• Provide oversight on technical pricing performed by CUO Pricing, by reviewing the segment analyses, key pricing input parameters, pricing tools, and outputs such as effective rate changes and rate adequacy metrics
• Collaborate with other Finance functions to ensure efficient closing processes, providing technical provision inputs for multiple accounting regimes including IFRS
  17, Solvency II, and relevant local GAAPs
• Beyond legal entity remits, collaborate with Group Actuarial and other commercial P&C entities within Allianz to drive transparent commercial performance views and support with best actuarial practices
• Drive innovation and improvement in actuarial processes and tools and support company-wide technical data management and analyses
• Reporting to the CFO, lead and manage the global actuarial team, including direct reports and matrix relationships, with guidance on strategic objectives and fostering a high performance culture
• Foster collaboration across technical areas across Allianz Group to exchange and develop talents and support them into broad career paths
• Serve as the interface to the Allianz Commercial Management Board, internal/external clients, Group Actuarial, regulators, and external auditors, ensuring effective communication and understanding of business exposure and processes

• University degree in Actuarial Science, Mathematics, Economics or any related field
• In-depth knowledge of actuarial requirements for an international commercial P&C portfolio, particularly with high volatility segments and challenging data availability
• Deep understanding of the product portfolio, including coverage, local legislative environment affecting insurance, and distribution channels
• Robust knowledge of financials, investment, and macroeconomic trends
• Comprehensive understanding of principles and practices of other relevant functional areas, including Claims, Underwriting, Reinsurance, and Accounting, particularly local and international accounting rules as applied to reserving
• Experience in leading and developing international workforce in the environment of changes and transformations such as restructuring, integration, and expansion into new markets
• Expertise in integrating technology AI into various business functions, enhancing efficiency, and fostering a culture of data-driven innovation is crucial
• Ability to make sense of complex issues and respond to complex/ambiguous situations by identifying and initiating appropriate remediation and follow-up, anticipating and resolving issues before they transpire
• Ability to understand, elaborate, and convey information clearly and effectively in respect to the audience/level of management, both…