Sr. Actuary
Company: Disability Solutions
Location: Chicago
Posted on: May 4, 2024
Job Description:
Let's care for tomorrow. Your ambitions. Your dreams. Your
tomorrow. At Allianz Commercial (AzC), we are the global leader for
insuring corporate and specialty risks in the Allianz Group.
Whether it's aircraft, satellites, the world's biggest ships and
tallest building, cyber-attacks or climate change impacts, AzC has
the major risks covered when it comes to protecting businesses. We
are looking for a Senior Actuary (m/f/d), based in Chicago. Your
Team Allianz Commercial (AzC) employs the brightest, most
passionate people in the insurance industry. We'd love for you to
join our growing team! We invest in our people through training and
professional development while supporting you along the way-all so
you can meet your career goals. To us, the most important measure
of our success is yours. The CFO actuarial reserving team is a key
unit in the broader CFO function and strategic contributor to the
long-term success of AzC. We are an experienced, diverse and
hardworking team and we look forward to welcoming you onboard. The
Impact You Will Have Reporting to the Regional CFO Actuarial
function, you will join the team as an experienced professional,
ensuring robust reserves are held by doing both independent
actuarial analysis and actively collaborating with various
stakeholders. You will derive forward looking loss ratio views to
inform business steering and quarterly closing. You will be
comfortable and confident working with colleagues around the globe
and presenting up to C-Suite level. Regular stakeholders will
include: underwriting, claims and pricing teams - working together
to understand trends, business mix movement and market development
and ESG topics. As a Senior Actuary, you will ensure that best in
class actuarial methods and techniques are adopted and implemented.
Using your experience, you will address new and previously unknown
challenges such as inflation impact on reserves. Some of your
specific responsibilities could include:
- Ensure that adequate loss reserves are estimated for your
line(s) of business on IFRS 17 basis.
- Support the Actuarial Function team in derivation of a
normalized loss ratio, and where relevant validate selected and
booked NLR via annual reserve reviews.
- Support the reserving team in monthly closings and contribute
to the presentation for the Loss Reserve Committee.
- Drive innovation and efficiency in all our processes,
particularly to improve the quality in forecasts, achieving a high
predictability.
- Peer review work from other team members and provide training
and guidance to junior colleagues. What You'll Bring to the Role
- Bachelor's or Master's Degree in Actuarial Science,
Mathematics, Statistics, or a related discipline, or equivalent
experience in a relevant field
- Minimum 7 years business experience in the P&C industry,
preferably spanning multiple actuarial areas with a focus in
Reserving
- FCAS or near-FCAS
- Job specific knowledge with regard to Financial Lines and/or
Liability market dynamics, standard concepts and approaches,
regulations/compliance standards, reporting requirements (e.g.,
reinsurance and underwriting knowledge, reserving techniques, data
flows, etc.)
- Finance and Insurance know-how (ideally P&C) as well as a
healthy curiosity to understand complexities inherent in an
insurance group (consolidation processes, legal vs management view)
allowing for cross-departmental thinking and acting
- Ability to identify patterns and root causes in complex (e.g.
ambiguous, from various sources) data and processes to rapidly
distil key issues and provide insight in various situations
- Basic balance sheet understanding on IFRS 4 and IFRS 17 bases,
and experience of closing and reporting related topics
- High level of analytical ability, capable of clearly
communicating results and findings in a clear and concise
manner
- Excellent communication skills and stakeholder management
skills, ideally within a global environment.
- Proficiency in Reserving Software (e.g., ResQ, Arius) and
statistical/programming tools (e.g., R, Alteryx, Tableau, Python)
is a plus The annualized base pay range for this role is $113663 -
$194783 . The annual base salary range represents a nationwide
market range. The actual salary for this position may be above and
will be determined by a number of factors, including the scope,
complexity and location of the role, the skills, education,
training, credentials and experience of the candidate. The base pay
is just one component of the AzC total compensation package. As
part of our comprehensive compensation and highly rated benefits
programs, employees are also eligible for annual performance-based
cash incentive awards. 38969 - Actuarial - Professional -
Non-Executive - Allianz Commercial - Full-Time - Permanent What's
in it for you? Let's care about everything that makes you, you We
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 wellbeing We believe in rewarding performance with a
great compensation and benefits package (details vary by location),
including a generous bonus scheme and 401K. Let's care for your
opportunities to progress From 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 turns From 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 planet With 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 (AzC) is a
global corporate insurance carrier and part of Allianz Group. We
provide risk consultancy, Property-Casualty insurance solutions and
alternative risk transfer for a wide spectrum of commercial,
corporate and specialty risks across 10 dedicated lines of
business. Learn more about us by clicking . Allianz is an equal
opportunity employer, and therefore welcomes applications
regardless of ethnicity or cultural background, age, gender,
nationality, religion, disability, sexual orientation or any other
protected characteristic. Diversity of thinking is an important
part of our company culture. Recruitment Agencies: AzC has an
in-house recruitment team, which focuses on sourcing great
candidates directly. AzC 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. #LI-DNP #LI-Hybrid Nearest
Major Market: Chicago
Keywords: Disability Solutions, Mishawaka , Sr. Actuary, Accounting, Auditing , Chicago, Indiana
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