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 TeamOur 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 HaveIn 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 ModelSupport 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 RoleA minimum of 5 years of experience as a P&C actuaryExcellent 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 skillsEffective 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 advantageousProven 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 | Allianz Commercial | Full-Time | TemporaryWhat’s in it for you?Let’s care about everything that makes you, youWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.Let’s care for your financial wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.Let’s care for your opportunities to progressFrom career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.Let’s care for life’s twists and turnsFrom our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.Let’s care for our society and our planetWith opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.Care to join us?Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what’s ahead.Learn more about careers at Allianz Commercial by clicking .Learn more about Allianz Commercial by clicking .Allianz is an equal opportunity employer, and therefore welcomes applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other characteristics protected under applicable local laws and regulations. Diversity of thinking is an important part of our culture.People with disabilities:
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Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.#LI-Hybrid#LI-SK1