Life Actuary

Allianz Spa; Lombardia; On-site; EUR 35,000 - 40,000; Full time

Job summary

Allianz Italy is seeking a Life Actuary within the Life Actuarial team “Pianificazione Tecnica e Valutazione Nuova Produzione” to calculate NBV/NBM under IFRS 17, analyze movements, and support new product profitability.

The ideal candidate has a Master’s in actuarial sciences or equivalent, 1-3 years in life actuarial settings, and strong Excel, programming, and data skills. Proficiency with RAFM/PROPHET and knowledge of AI tools would be a plus.

Qualifications

• Master's degree in Actuarial Sciences or related quantitative field.
• 1-3 years in Life or consultancy actuarial departments.
• Experience with actuarial software and data analysis.

Responsibilities

• Calculate and analyze NBV/NBM and sensitivities under IFRS 17.
• Support for life product profitability and IFRS 9/IFRS 17 reporting.
• Determine actuarial assumptions (lapses, mortality).
• Prepare reports for Allianz Group and actuarial function.
• Collaborate with teams and support data-driven planning.

Skills

Actuarial knowledge

Programming skills

MS Excel

Team player

Italian & English fluency

AI tools knowledge

Education

Master’s degree in Actuarial Sciences, Mathematics, Economics

Tools

RAFM/PROPHET

Job description

Life Actuary

The "Pianificazione Tecnica e Valutazione Nuova Produzione" department of the Actuarial department of Allianz Italy is looking for a Life Actuary . The "Pianificazione Tecnica e Valutazione Nuova Produzione" department covers the following areas of responsibility:

• Calculation and valuation of NBM/NBV in accordance with IFRS 17. Analysis of movements and sensitivities
• Profit Testing for new products: control and support for Life Department
• Calculation of risk measures connected to NB
• Support for business Plan valuation: calculation and analysis of IFRS 9/IFRS 17/statutory technical items and development of the technical income statement for the valuation of operating profit over the plan horizon (4 years)
• Determination of actuarial assumptions (Lapse and mortality)
• Reporting activities: Allianz SE Group reporting, support for the actuarial function

KEY REQUIREMENTS/SKILLS/EXPERIENCE

• Master’s degree in Actuarial Sciences, Mathematics, Economics (with a strong quantitative specialization) or equivalent background
• 1-3 years of previous experience in Life or Consultancy actuarial departments
• Knowledge actuarial software or equivalent (e.g RAFM / PROPHET)
• High technical knowledge connected with programming skills
• High knowledge of MS Excel and other MS Office applications as well as familiarity in working with data bases
• Team spirit, self-motivation and a proactive and committed working style
• Team player
• Fluency in Italian and English, written and spoken
• Knowledge of ChatGPT or similar AI tools would be a plus

Pursuant to Article 5(1) of Legislative Decree No. 96 of 7 May 2026, as amended and supplemented from time to time, the range applicable to the position offered is between €34.500 gross and €40.000 gross. Employment will be subject to the terms and conditions set forth in the National Collective Labor Agreement for Insurance Companies and the applicable Company Agreement. The final determination of the starting remuneration will be based on an evaluation of the candidate's qualifications, skills, and relevant experience in relation to the requirements of the role.

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 centre 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 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.

Both genders may apply in accordance with the L. 903/77 (s.m.i).