Corporate Actuary reserving transformation

The Benelux Life Corporate Actuarial department of Allianz is looking for an experienced actuary focusing on reserving transformation.

Who are we?

The Life Corporate Actuarial department fulfills a key role within the company by protecting the stability of the company, i.e., ensuring it is financially resilient by determining adequate reserves. This secures our commitment to our customers. On top of that we enable / support profitable growth by challenging new business propositions. An holistic view is paramount: balanced risk / return trade-off while keeping the customers’ interest at heart. In this expert international community, we enjoy cross-functional exchange in teams with diverse cultural backgrounds, while embracing a modern style of working. Finally: we learn from our mistakes, speak our minds, work & laugh hard while challenging the status quo

Join our Reserving team to take our deep-dive analysis to the next level. You will use statistical techniques to refine our best estimate assumptions, build actuarial models and provide insights that feed directly into our capital models and pricing strategy.

Who are we looking for?

Life Corporate Actuarial department is never at a standstill, we continue to implement new technologies, reshape processes, adhere, and adapt to the latest new regulatory (Solvency) and accounting (IFRS) requirements and enhance our management reporting with automated dashboarding and artificial intelligence. All this in a fully Agile way In this active and challenging environment, we are seeking a forward-thinking

Actuary

or

Actuarial Data Scientist

to join our Corporate Actuarial team. In this role, you will bridge the gap between traditional actuarial reserving and modern data engineering. You will be responsible for streamlining our quarterly reserving process by replacing manual workflows with robust, automated data pipelines, and producing business insights in an efficient manner.

Must haves:

Have a pro-active and pragmatic attitude with a track record of executing projects

Have the appetite to work in a regional setting with different cultures / approaches

Have a masters’ degree in actuarial science, mathematics, other quantitative fields, or data science

Have 3+ years of experience in actuarial reporting and/or data analytics. Experience in data engineering and model developments would also be considered.

Can manage different stakeholders (from Board of Management to your direct colleagues).

Communicate fluently in English

Have experience in various software languages (preferred Python / R / C++ / WTW RA FM etc.) to efficiently handle and analyze large and diverse loads of data or to model the actuarial cash flows of our life insurance products

Relevant experience seen as a big plus:

Have strong knowledge of IFRS17 and Solvency II

Able to make presentations on the spot / adapt your communication style to your audience

Experience in managing and automating insurance data flows and processes, as well as data visualization and dashboarding

Communicate fluently in English, as well as either Dutch or French

Actuarial Certification (AAG / IABE, or from other recognized actuarial associations)

Your responsibilities:

Depending on your strengths and skills, we might ask you to

Set-up and maintain data feed processes / calculations / regulatory and management reporting (incl. meaningful analysis)

Improve / harmonize the existing processes surrounding data analysis, assumption settings, actuarial models, and control framework

Enhance business partnering solutions (dashboarding), allowing us to communicate clear messages towards our stakeholders in steering our life business

Provide input / actively participate in various committees (e.g., reserving committee / smart circle meetings / product committee / etc.): linking portfolio analysis to real world observations / product features. Challenging the status quo is our creed

Contributing towards new projects, such as M&A, improvement existing or setting up new processes, implementation of new technology, etc.

What we offer

Excellent competitive salary package and secondary conditions.

An engaging diverse team of experts spread out over the Benelux and Romania.

Freedom to determine where & when you work (new way of working) – output driven.

We have a proven track record of promoting internal talent

You get access to our Allianz’ global Finance community with leadership / expert classes and regular exchanges

You have the ability to follow internal / external training (e.g. Xcelerate Academy, DataCamp)