Life Actuary: IFRS 17, NBV/NBM & Product Valuation

Allianz Spa; Trieste/Trst; On-site; EUR 35,000 - 40,000; Full time

Job summary

Allianz Italy is seeking a Life Actuary to join the Pianificazione Tecnica e Valutazione Nuova Produzione department. You will work on IFRS 17 valuation, NB/NBV analysis and profit testing for life products, leveraging actuarial software and strong Excel skills.

We expect 1-3 years in life actuarial work, programming capabilities, and fluency in Italian and English. Knowledge of RAFM/PROPHET and AI tools like ChatGPT is a plus; the role is based in Trieste with a collaborative, inclusive culture

Qualifications

• Master’s degree in Actuarial Sciences, Mathematics, Economics (with a strong quantitative specialization) or equivalent background.
• 1-3 years of 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.

Responsibilities

• 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

Skills

IFRS 17 knowledge

MS Excel

Programming skills

Analytical skills

Teamwork

Italian language

English language

AI tools knowledge

Education

Master’s degree in Actuarial Sciences, Mathematics, Economics or equivalent

Tools

RAFM / PROPHET

Job description

Allianz Italy is seeking a Life Actuary to join the Pianificazione Tecnica e Valutazione Nuova Produzione department. You will work on IFRS 17 valuation, NB/NBV analysis and profit testing for life products, leveraging actuarial software and strong Excel skills.

We expect 1-3 years in life actuarial work, programming capabilities, and fluency in Italian and English. Knowledge of RAFM/PROPHET and AI tools like ChatGPT is a plus; the role is based in Trieste with a collaborative, inclusive culture