Senior Consultant (m/f/d) - Allianz Consulting - Insurance Transformation

Allianz; München; On-site; EUR 75,000 - 110,000; Full time

Benefits offered by this job

Mentoring

International mobility

Structured growth paths

Inclusive culture

Job summary

Allianz Consulting in Munich seeks a Senior Consultant to lead strategy and transformation engagements for senior stakeholders. You own modules within workstreams, from strategy and planning to operating model design and delivery, guiding analysts and growing into leadership roles.

Join an international team focused on AI-enabled transformation, with mentoring, client exposure, and continuous career development opportunities. Strong communication and collaboration are essential.

Qualifications

• University degree in Business Administration, Economics, Engineering, or equivalent experience.
• 4+ years in strategy or management consulting, ideally with top-tier firms.
• Solid knowledge of AI and GenAI frameworks, daily AI tool usage.
• Experience in large-scale projects or program management offices.
• Advanced PowerPoint and Excel skills with modeling ability.
• Fluent in English (written and spoken).

Responsibilities

• Deliver modules of complex strategic and transformation projects for Allianz stakeholders.
• Lead day-to-day governance, reporting, risk tracking, and timelines.
• Collaborate with client teams and guide consultants and analysts on your module.
• Inform Engagement Manager of progress, risks, and dependencies with solutions.
• Analyze needs via benchmarking and research, translate into improvements.
• Support business development and client pitches under supervision.
• Share knowledge to grow Allianz Consulting expertise in strategic areas.

Skills

Strategy development

Management consulting

AI / GenAI

Project management

Data analysis

Presentation skills

English proficiency

Education

University degree (business/economics/engineering)

Tools

PowerPoint

Excel

Job description

About Us / Who you will join

130 years of trust, time to shape what's next. Allianz Group is one of the world's leading insurers and asset managers - built on over a century of stability, expertise, and financial strength. Allianz Services is where that legacy meets the future. 8,200+ people. Eight countries. Three continents. We deliver specialized services to clients within Allianz Group, powered by AI, advanced analytics, and a mindset that refuses to stand still. From core insurance operations to engineering and consulting services, we reimagine how insurance works. What truly sets us apart are our people and the trusted partnerships we build, anchored in our values of expertise, integrity, and empowerment. We don't support the business. We shape it.

Allianz Consulting is where strategy becomes action. As the internal consulting unit of the Allianz Group, we partner with operating entities worldwide to drive transformation across digital, sustainability, and operational excellence - and here, you grow fast and take ownership early.

Joining Allianz Consulting means working in a fully international environment alongside other talented people who enjoy sharing their knowledge and experiences, having increased personal responsibilities and working under a flat management hierarchy. Allianz Consulting has a reputation for focusing on growing its talent and on-the-job training from the very first day to ensure strong career development and preparation for future opportunities within the Allianz Group.

About the Team

The Insurance Transformation team partners with senior Allianz Group leaders on their most consequential strategic priorities. We define growth and productivity levers, harmonize business models, and translate strategic ambitions, such as the Group's AI agenda, into a prioritized transformation roadmap. We then drive its delivery by designing target operating models, redesigning end-to-end processes, and governing Group-wide transformation programs through to measurable results.

Role Overview

As a Senior Consultant you work at the heart of strategy and transformation engagements for senior Allianz stakeholders, owning well-defined modules within a workstream. You start from strategy, structuring the analyses and business planning that help senior leaders set priorities and understand how Allianz competes and operates in a changing market. You then move to design and delivery, improving processes and performance, contributing to the operating models that sustain the change and keeping the project governance running day to day. Along the way you guide consultants and analysts on your module and grow into leading workstreams yourself.

Key Responsibilities

• Deliver modules of complex strategic and transformation projects that reshape how Allianz operates, from strategic rationale, business case and financial modeling (including for potential acquisitions) to new operating models, taking responsibility for the quality of your deliverables and for reaching project milestones
• Run the day-to-day project governance, including steering committee preparation, delivery and impact reporting, risk and dependency tracking, project timelines and communications, and board presentations for senior management
• Work closely with client teams, build trusted working relationships with your counterparts and guide consultants and analysts on your module
• Keep the Engagement Manager and workstream lead informed on progress, risks and dependencies, and proactively flag issues with proposed solutions before they escal
• Analyze business needs through external benchmarking, selected due diligence and research on industry trends and market conditions, identify improvement opportunities across the insurance value chain and their top-down impact, and translate them into solutions that enhance business processes, operating models and digital capabilities
• Contribute to business development and client pitches under the guidance of an Engagement Manager, developing solution concepts and supporting materials
• Share knowledge and help increase Allianz Consulting expertise within our strategic areas of development, including through internal projects and team events
• Ensure effective stakeholder communication and maintain strong client partnerships throughout the project lifecycle

Key requirements / What we hope you bring

• University degree in Business Administration, Economics, Engineering or a comparable field, or equivalent experience
• 4+ years in strategy or management consulting, ideally with a top-tier or internal consulting firm, covering business transformation strategy development and rollouts or M&A transactions and due diligences
• Solid knowledge of AI and generative AI (GenAI) frameworks, daily use of AI tools in your own work and the ability to support clients on AI adoption for business transformation
• Experience in being part of large-scale projects or program management offices
• Hands-on experience in strategy development, business planning, target operating model design or business process improvement, with a pronounced capacity for analytical thinking and problem solving
• Curiosity for or knowledge of insurance and financial services and of consulting methodologies, tools and techniques
• Confidence in working and communicating with a broad range of audiences and seniority levels
• Advanced PowerPoint and Excel skills, including complex functions and modeling
• Fluent in English (written and spoken)

Nice to have

• MBA or comparable postgraduate degree
• Experience in corporate transformation programs
• Experience in highly complex, international environments
• Certifications in process improvement or program management (e.g. Lean Six Sigma, PMP, agile frameworks)
• Additional languages, in particular German, Spanish, Italian and French

What We Offer

• Opportunity to shape the transformation of one of the world's largest and most innovative insurance and asset management companies
• A global consulting environment with direct exposure to senior leadership and strategic decision making
• Career development through structured growth paths, mentoring and international mobility
• A competitive compensation package, with financial and non-financial benefits
• A diverse and inclusive culture that values your individuality and empowers you to thrive

We highly welcome candidates with a genuine interest and affinity for Information Technology (IT) and Generative Artificial Intelligence (GenAI), as these attributes are considered valuable assets to our team.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural Internal background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

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