Senior Actuary, temporary for 6 months

We are looking for a Senior Actuary, based in Wallisellen, Switzerland, temporary for 6 months starting in October (maternity cover). Being part of a leading organization like Allianz opens doors to enriching experiences and future possibilities. Join us to apply your actuarial expertise and enrich your career journey!

Your Team

Our team is dedicated to being a valued business partner, driven by a passion for meeting client expectations and regulatory requirements. With a diverse mix of skills and expertise, we aim to be the center of excellence for the Alternative Risk Transfer (ART LoB) business of Allianz Commercial, ensuring the protection of the balance sheets of Allianz Risk Transfer AG and Bermuda Ltd. We are a team of professionals who guide each other, focused on making a difference together and enabling important decisions based on expert technical actuarial advice.

Allianz Risk Transfer Group serves as the center of competence for alternative risk transfer business within the Allianz Group. Allianz Risk Transfer AG, headquartered in Liechtenstein since 2016, was founded in June 1997 in Zürich. It is a wholly-owned subsidiary of Allianz Global Corporate & Specialty AG and a member of the Allianz Group.

The Impact You Will Have

In this role, you'll play a key part in conducting reserving analysis and insurance risk modeling, ensuring compliance with various regulatory standards. You'll use your skills to develop stochastic models and perform Solvency II and Bermuda Solvency calculations, contributing to capital optimization and business strategy. Working closely with different departments, you'll support governance and regulatory reporting, applying your analytical and communication skills to make a meaningful contribution. This temporary position offers a unique opportunity to gain diverse experience and make a significant impact in a dynamic environment.

Some of your specific responsibilities would include:

• Performing reserving analysis for various P&C Corporate risks across different accounting standards and regulatory regimes.
• Building and maintaining stochastic actuarial models that contribute to reserving and insurance risk modeling analysis.
• Participate in regular monthly closing activities.
• Perform Solvency II MVBS technical provision calculations, including duration, discounting, premium provision, risk margin, and EPIFP.
• Support with calculation of underwriting risk and LAC DT under Solvency II Standard Model
• Support with the Technical Provisions Model Governance activities to ensure a robust governance around actuarial processes.
• Contribute to Economic Balance Sheet (EBS) calculations under the Bermuda Solvency Capital Requirement framework, focusing on discounting, premium provision, risk margin.
• Perform the Underwriting Risk calculation under the Bermuda Solvency Capital Requirement Standard Model.
• Aid in the preparation and submission of regulatory reports, including the Actuarial Function Report, Regular Supervisory Report (RSR), Solvency and Financial Condition Report (SFCR) and Own Risk and Solvency Assessment (ORSA) report.

What You’ll Bring to the Role

• A minimum of 5 years of experience as a P&C actuary
• Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline. Preferably qualified actuary.
• Business experience, preferable spanning multiple actuarial areas.
• Extensive computer skills, including proficiency in MS Office, strong R/Python skills and/or some ReMetrica skills
• Effective communication and teamwork competencies with ability for cross-departmental thinking due to understanding of (re)insurance group complexities.
• Knowledge of reinsurance and accounting practices is beneficial.
• Fluent English skills, any other languages advantageous
• Proven experience in developing/ enhancing and implementing models / analysis and processes.
• Strong analytical, problem-solving skills and attention to detail.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

78979 | Actuarial | Professional | Non-Executive | Allianz Commercial | Full-Time | Temporary