Job Start: asap
Job Type: Permanent/ Full Time
Non Executive position
Internal Applicants preferred period: 28.07.2026 - 25.08.2026

About us

Reinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in portfolio analytics, catastrophe risk visualization and assessment, and run-off management. These activities play a vital role in stabilizing and diversifying the Allianz Group, supporting our purpose to secure our customers’ future—today and tomorrow.

With more than 40 years of experience and offices across Europe, Asia Pacific, and North America, we collaborate closely with our partners to understand risk and deliver lasting value. As a global organization, we unite international experts in underwriting and risk management, combining global reach with local insight and multi-segment expertise.

We are committed to fostering an inclusive culture rooted in collaboration, trust, and integrity—an environment where everyone can thrive. Our flexible work arrangements, ongoing learning opportunities, and supportive leadership empower our employees to grow and help shape the future of reinsurance.

Job purpose / role

The Allianz SE Reinsurance Singapore branch underwrites Life & Health (L&H) reinsurance across the Asia Pacific region. We are seeking a Senior Actuarial Expert to coordinate and further strengthen the branch’s L&H actuarial activities. The role combines hands-on delivery with technical guidance and light local management responsibilities for a small team, focusing on high-quality financial reporting, reserving, effective governance and active stakeholder management.

The role operates within a matrix structure, with functional reporting to the Allianz Re global Head of Actuarial L&H in Munich, Germany, and administrative reporting to the Regional Chief Financial Officer in Singapore. The role oversees all Singapore L&H actuarial team activities and acts as the main local interface with the Certifying Actuary L&H.

Key responsibilities

Financial Reporting

• Accountable for the overall coordination, review and timely delivery of actuarial reporting for the L&H business of the Singapore branch (IFRS 17 and local GAAP), ensuring high-quality outputs, clear review evidence, alignment with internal guidelines and appropriate escalation of material matters.
• Act as the local coordination point for the Certifying Actuary workstream, including actuarial inputs, analyses, review evidence and preparation of the Actuarial Report.
• Support the business planning process by coordinating and providing actuarial projections.
• Coordinate local engagement with Munich L&H actuarial stakeholders, ensuring priorities, open matters and deliverables are clearly aligned and followed up.
• Support quarterly closings beyond the Singapore branch scope, including preparation, review, timely delivery and explanation of relevant reporting deliverables.

Reserving & Actuarial Analysis

• Oversee and enhance actuarial reserving methodologies and processes for the Singapore branch, ensuring alignment with Allianz Re L&H processes in Munich and compliance with Singapore regulatory requirements, professional actuarial standards, and internal standards and guidelines.
• Review and challenge actuarial analyses prepared by the local actuarial team, including assumptions, experience studies, portfolio analytics and material judgements.
• Oversee actuarial tools, cashflow models and supporting documentation, ensuring robust model governance and consistency with L&H actuarial approaches across Allianz Re.

Team Leadership & Governance

• Take on limited dotted-line management responsibilities and lead the local actuarial operating model, including allocation of responsibilities, prioritisation of deliverables and capacity planning, in consultation with the global Head of Actuarial L&H and the local CFO.
• Coach and guide local actuarial team members, supporting technical development, timely delivery and appropriate performance input.
• Design, maintain and execute local reserving controls in line with Allianz Re and Group internal standards and guidelines.

Stakeholder Engagement

• Coordinate with local Singapore Finance leadership, Munich L&H actuarial stakeholders, the Certifying Actuary L&H and Group reporting functions on actuarial reporting and reserving matters.
• Communicate key actuarial findings, reserving outcomes, material judgements and risks to relevant stakeholders.
• Engage with external actuarial auditors on reserving, and related audit topics.
• Build effective working relationships with Underwriting, Accounting, Controlling, Risk and Financial Reporting teams.
• Support projects and initiatives as they arise.

Qualification

• Bachelor's or Master’s degree in Mathematics, Statistics, Actuarial Science, or a related quantitative discipline.
• Fellow or Associate of a recognised actuarial professional body (e.g., FIA, FSA, FIAA, DAV).

Experience & Key skills

Experience

• At least 8 years of L&H insurance or reinsurance experience, including at least 3 years of post-qualification experience, with breadth across reserving, valuation, reporting, assumptions, analytics and governance.
• Strong IFRS 17 expertise and sound understanding of L&H financials, reserving, pricing and regulatory frameworks.
• Prior experience leading a team or projects would be advantageous.
• Knowledge of Singapore regulatory reporting requirements relevant to the Certifying Actuary function, including MAS requirements such as MAS 133, would be highly advantageous.
• Experience working in a cross-border actuarial environment would also be advantageous.

Technical Skills

• Demonstrated ability to review and challenge actuarial models, tools and model output.
• Advanced Excel skills required; VBA or automation experience advantageous.
• Experience with actuarial modelling platforms, such as RAFM, Prophet / FIS or AXIS, advantageous.
• Familiarity with programming, data analysis or automation tools, such as Python, R, SQL or SAS, advantageous.
• Familiarity with AI-enabled analytics, automation or productivity tools, and their responsible use in actuarial reporting and governance, is advantageous.

Competencies

• Sound actuarial judgement, with the experience to review, challenge and improve work prepared by team members.
• Strong people leadership skills, with the ability to guide, coach and develop actuarial team members.
• Ability to manage deliverables, set priorities and maintain delivery discipline across reporting, reserving and governance activities.
• Clear communication and presentation skills, with credibility to explain actuarial results, judgements and recommendations to a variety of stakeholders.
• Effective collaboration across time zones and cultures.

1 Job for Local Gaap in Singapore

Senior Actuarial Expert (Life & Health)