Job Purpose/ Role
Allianz Re is a division of Allianz SE within the H9 Resort with offices in Munich, Singapore, Dublin and Zurich. Allianz Re offers reinsurance solutions and services for Allianz internal operating entities (OEs) and reinsurance protection to external insurance companies and is the Group’s reinsurance vehicle which actively manages risk and capital. Our range of activities include reinsurance, capital management, run-off, cat risk management and risk data analytics. This strong combination of skills, experience, innovative mindset and capacity drives our mission of understanding risk and creating value. 

The posted position is based in Munich and reporting to the Head of Legacy. 

Based at Allianz Re in Munich, the role is focused on (i) providing the data basis for activities of the Legacy team in coordination with Allianz Re, OEs and external reinsurers, (ii) identifying potential simplification and finality solutions together with the Legacy team, (iii) working with a multi-disciplinary team of reinsurance, actuarial and claims experts.        

Key responsibilities

Support OE data extraction and preparation, incl. OE on-site visits from time to time to support and speed up process Maintain and update a legacy-specific database containing OE data Perform updates from Allianz Re proprietary databases (e.g. MIS reports, IMAP bookings) for legacy-specific analyses and valuation tools Work with the Legacy team on data reconciliation with OEs, Allianz Re and external reinsurers Analyze data and support due diligence processes Collaborate closely with experts inside the team as well as with other Allianz Re functions (e.g. data, finance, actuarial and claims) and external reinsurers Support transactors in dealing with cedents, reinsurers and intermediaries throughout the entire legacy transaction process        

Qualifications

University degree (master or equivalent) in mathematics, statistics, science, economics or similar subject Additional qualifications (actuarial or similar) or accreditations Fluent in English and ideally one other language (preferably German) are an advantage

Experience & Key skills

Work experience in data management, actuarial or financial reporting role in (re)insurance (>5 years) Experienced in both accepted and ceded reinsurance, in different companies/OEs, and/or abroad is a plus     Knowledge in actuarial and quantitative methods / tools Good reinsurance knowhow incl. reinsurance design, contract structures, valuation and pricing, across different markets and lines of business Good business understanding and judgement Good understanding of (re)insurance accounting, financial statements and risk capital frameworks Proven ability to extract and analyze large amounts of data working with different proprietary data source systems (SAS, SICS, etc) Solid experience in creating/managing databases using different proprietary models (MS Access, SQL, Oracle) Strong analytical mindset (able to identify data issues/inconsistencies, to find solutions to complex problems) and high attention to details Good result orientation, strong proactivity and willingness to innovate and improve Strong team player, able to collaborate across a global organization, across functions and cultures; willing to learn and share your expertise with others Capable to communicate complex results and abstract concepts in a language that is adapted to the relevant audience Good MS-Office skills and excellent MS-Excel skills including VBA

65274 | Reinsurance | Professional | Allianz Reinsurance | Full-Time | Permanent

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.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.

Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.