Chief Actuary (m/f/d)

Some of your specific responsibilities include:  

• 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 IFRS17, 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 

What You’ll Bring to the Role 

• 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 verbally and in writing 

• Effectively evaluate information from multiple sources to identify business issues, involve stakeholders in decision-making, and commit to action and drive the organization to execution 

• Ability to recognize and deal with disputes in a rational, balanced, and effective way

• A deep knowledge of artificial intelligence (AI) and machine learning (ML), with the ability to leverage AI-driven insights to shape strategic decisions and drive innovation across the organization.   

• Fluent in English;proficiency in German is a plus.