Job Title: Actuarial Analyst - Graduate Programme
Role Type: Fixed Term Contract / Full Time
Head Office Location: AGL Head Office, Maple House, Temple Road, Blackrock, Co. Dublin.
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Main Purpose of the Job
Actuarial Analyst – Graduate Programme
Allianz Global Life dac (“AGL”) is a rapidly growing cross-border life insurer operating across Europe and global markets.
Allianz Global Life’s Actuarial Graduate Programme offers an exciting opportunity to begin your career in a dynamic, international environment. You will gain hands-on experience across key business functions while receiving full support to complete your actuarial qualifications.
During the programme, you will rotate across two of the following areas:
- Actuarial
- Risk Management
- Product & Investment
This structured approach will give you broad exposure to the business, helping you build both technical expertise and commercial awareness.
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Actuarial Function
Responsibilities will include some or all of the following:
- Production and validation of actuarial liability data;
- Production and validation of economic scenarios for IFRS and SII reporting;
- Production and validation of actuarial reserves for IFRS and SII;
- Assist in the production of solvency and IFRS movement analysis and projections;
- Support the streamlining and automation of existing actuarial reporting processes;
- Support new model developments;
- Support annual assumption setting exercise;
- Provide actuarial support on various project initiatives;
- Support the production of Actuarial communications to the business, e.g. reports, committee papers etc
Risk Management
Responsibilities will include some or all of the following:
- Support the development and implementation of risk function deliverables under Solvency II including assisting in the production of Solvency II capital calculations and movement analysis (Standard Model and Internal Model).
- Assist in the production of solvency capital projections for the Company’s ORSA Recovery Plan and Planning Dialogue.
- Support the ongoing development and maintenance of the Internal Model.
- Support other risk management processes including producing risk management communications to the business, e.g. risk dashboards, risk committee papers etc
Product and Investment
Responsibilities will include some or all of the following:
Pricing & Underwriting
- Gain a holistic understanding of how life insurance products are designed, priced and sold across different European countries. This includes in particular savings products with and without financial guarantees as well as protection products.
- Learn first-hand how product innovation happens: from the initial discussions with Market Management, to the translation of ideas into a product design and IT specification, that finally needs to be implemented and tested.
- Support the function in pricing business in a profitable and sustainable way while building your Actuarial modelling skillset.
Hedging
- Learn what it takes to secure our client’s future with financial guarantees while keeping our company’s financials strong with a successful hedge strategy.
- Get exposure to Allianz’s state of the art hedging platform and hedging experts in the US.
- Support the team in Dublin with improving our local processes, reporting on results and analysing strategy changes while learning the basics of financial engineering.
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Business Competencies
Education & Qualifications
- A strong academic record, with a degree in actuarial science, mathematics, physics, or a related quantitative discipline (2:1 or above preferred).
Product and Technical Knowledge
- Proficient in Microsoft Office suite (Excel in particular).
Management
- Self-manage multiple deliverables, with ability to prioritise and adhere to deadlines.
Commercial Awareness
- Awareness of the additional responsibilities and high standards that an employee must meet within a life assurance is advantageous.
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Personal Competencies
Personal Impact
- Desire to progress through the actuarial exams supported by Allianz’s Global Life actuarial study package.
- Flexible and capable of adopting new tasks as they arise and an excellent attention to detail.
- Delivers high-quality work with strong attention to detail.
- Pro-active, and demonstrated experience using initiative.
- Strong organisation, prioritisation, and time-management skills.
Intellectual Effectiveness
- A natural problem-solver, and critical thinker.
- Ability to see beyond a transactional task, and understand the teams combined end goal.
Communications
- Effective communication skills – both oral and written, Fluent in written and spoken English.
Stakeholder Engagement
- Demonstrated ability to build successful working relationships with, and manage expectations of, a wide variety of our internal and external customers / stakeholders.
97775 | Actuarial | Entry Level | n.a. | Allianz Global Life | Full-Time | Temporary
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.
