Actuarial Expert

Allianz Reinsurance; Dublin; On-site; EUR 75,000 - 105,000; Full time

Benefits offered by this job

Study support for actuarial exams

Global portfolio exposure

Access to senior leadership

Growth within Allianz Group

Job summary

Allianz Re Dublin invites an actuarial expert to join its Corporate Actuarial team. You will work on IFRS 17 and Solvency II reserving, contribute to quarterly roll-forwards and annual reserve reviews, and support life, health, and P&C line analysis within a global reinsurance framework.

The role offers exposure to a diverse portfolio, modern tools (SAS, Unify, Excel), and study support for actuarial examinations.

Qualifications

• 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 is a strong advantage

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

Skills

Analytical thinking

Attention to detail

Clear communicator

Independent worker

Team player

Education

Actuarial Science degree

Mathematics/Statistics degree

Tools

SAS

SQL

Excel VBA

Power Query

Job description

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