Allianz Ireland is a non-life general insurance company and is part of the Allianz Group. The Allianz Group employs approximately 144,000 people in over 70 countries worldwide and offers a comprehensive range of insurance products.
The Opportunity We are now recruiting for a Capital Modelling Actuary to join our Reserving & Capital Team, based in Dublin 4. Reporting to the Head of Reserving & Capital, you will work alongside both qualified and trainee actuaries who continue to achieve the highest standard of collaboration, in a hybrid working model. As an Actuary in this multi-disciplinary team, you will gain exposure to many elements of the Actuarial Function, working closely with colleagues in Reserving, Risk, Finance, Pricing and Underwriting, both at home and abroad.
The purpose of this role is to:
manage and calibrate the local insurance risk components of Allianz Ireland's Internal ModelIdentify and support the implementation of capital optimisationsPerform suitability assessments required as per Solvency II regulations for internal modelsSupport the capital management and planning process of the company.The role requires both strong technical and communication skills and the ability to work closely with senior management to maintain a strong capital position, supporting the overall business strategy of the company.
Role Responsibilities Calibrate and document the local insurance risk components of Allianz Ireland's Internal ModelLead and manage the calibration process across the team, working closely together with local capital modelling actuaries, risk colleagues and Allianz Group counterpartsContinuously enhance data and actuarial models/calibration techniques resulting in capital and process efficienciesIdentify potential capital optimisations, working with Risk and Finance to implementCommunicate and present risk capital updates to management in various forums such as the Parameter and Assumptions Approval CommitteeSupport the annual capital planning process in line with the company's risk appetite and business strategyPerform Solvency II capital management activities such as reinsurance program testing and scenario analysis (e.g. for the company's ORSA process)Coordinate the independent model validation process for insurance risk from a local entity perspective and be the key counterpart for Group validationConduct other Solvency II internal model governance activities such as local suitability assessments in accordance with the Allianz Internal Model governance frameworkCreate and sustain strong working relationships with all internal and Allianz SE Group stakeholdersParticipate in international group projects, where applicableSkills & Experience Requirements Part-Qualified Actuary with 3-5 years' experience in an Actuarial RoleIn-depth knowledge of Solvency IIDemonstrated experience in (risk) capital modellingAdvanced proficiency in MS ExcelDemonstrated experience in communicating with (non-)technical colleagues and excellent report writing skillsFully Qualified ActuaryCompetent in using Igloo (or other Monte Carlo software), ResQ and SQLPrevious actuarial experience in a non-life (re)insurer, ideally within an Internal Model backgroundExtensive knowledge of the Irish non-life insurance marketRegulatory Notice Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland. This role is a Control Function (CF2) and is subject to F&P Standards. This includes the requirements provided for by the Central Bank (Individual Accountability). The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required.
Allianz plc. is regulated by the Central Bank of Ireland.
45450 | Actuarial | Professional | Non-Executive | Allianz Ireland | Full-Time | Permanent
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