Senior IFRS 17 / Reserving Actuary P&C

Allianz Re is the reinsurance arm of the Allianz Group, one of the world's leading financial services providers. Serving as a global centre of competence for reinsurance, risk management, and capital management, Allianz Re provides tailored reinsurance solutions to Allianz entities and external clients. With a strong focus on innovation, sustainability, and financial resilience, Allianz Re plays a key role in optimizing the Group's risk and capital position while driving long-term value creation.

Allianz Re Dublin dac (ARD) is a key subsidiary of Allianz Re and plays a vital role in supporting Allianz Re's global reinsurance operations. Its primary functions include underwriting reinsurance business, managing risk transfer, and optimizing capital efficiency for the Group.

Following the successful implementation of IFRS 17, we are seeking an experienced actuarial professional to join our actuarial team. The position is organisationally located in Dublin with its main focus being to play an integrated role in the global actuarial function of Allianz Re, whilst maintaining a special focus on areas of relevance for Allianz Re Dublin dac.

Role Summary

The position will report to the Head of Actuarial Function of Allianz Re Dublin dac. Beside involvement in all aspects of the quarterly and annual actuarial reporting processes for IFRS 17 and Solvency II, the role will have particular focus on the development and production of IFRS 17 actuarial figures for local reporting. The role involves collaborating with cross-functional teams, including finance, risk and underwriting, to ensure the accurate valuation of insurance liabilities, financial reporting, and alignment with the company's strategic objectives.

Key Responsibilities

• Act as the primary actuarial subject matter expert on IFRS 17, providing guidance and thought leadership on all aspects of its compliance and ongoing application
• Take ownership of complex IFRS 17 topics, including financial reporting, actuarial assessments, and disclosures, while addressing and resolving challenges with innovative solutions.
• Develop processes and valuation models for actuarial input for IFRS 17 accounts for local and group reporting
• Involvement in quarterly and year-end closing process (IFRS and Solvency II)
• Develop, review, interpret and / or summarise financial results / projections
• Active participation in developing / streamlining the future global reserving process
• Mentor junior colleagues, sharing your expertise to build their IFRS 17 / SII technical skills
• Represent the organization as a recognized leader in IFRS 17, supporting communication with internal and external stakeholders (e.g. senior management, external auditors, local regulator)
• Support the risk function as required, e.g. involvement in capital modelling analyses
• Lead special projects as assigned

Key Requirements/Skills/Experience

• Actuarial qualification (SAI, IFoA, DAV, ACAS or similar), or close to achieving actuarial qualification
• 5+ years of P&C actuarial reserving experience, reinsurance experience is an advantage
• Advanced knowledge and experience of IFRS 17 and Solvency II principles, methodologies and reporting requirements
• Strong Excel/SQL/Access skills, SAS and ResQ experience an advantage
• Ability to communicate effectively and work under time pressure to meet deadlines, while retaining attention to detail
• Ability to work as a team player within a global multi-cultural team environment
• Advanced command of written and spoken English is required

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. 

 

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

 

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz' company culture. One means to achieve this 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.