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 PC 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
Regulatory Notice:
Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland. Please refer to the Central Bank of Ireland’s Guidance on Minimum Competency Code: Minimum Competency | Central Bank of Ireland as well as FP Standards and the Corporate Governance Requirements: Fitness Probity | Central Bank of Ireland. This includes the requirements provided for by the Central Bank Individual Accountability Framework Act 2023. The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required. Full details are available via the Central Bank website: Individual Accountability Framework | Central Bank of Ireland.
Allianz SE Dublin Reinsurance Branch is regulated by the Central Bank of Ireland.
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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and 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. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
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.
