Actuarial Analyst (Graduate Programme)

Job description

Job Title : Actuarial Analyst - Graduate Programme

Fitness and Probity Classification: N/A

Role Type: 4 year FTC, full-time

Position Reports To: Head of Department

Department: Actuarial , Risk Management, Product & Investment

Location: AGL Head Office, Maple House, Temple Road, Blackrock, Co. Dublin.

 

Background:

Allianz Global Life dac (“AGL”) is a rapidly growing cross-border life insurer with products sold into the French, Italian and German markets, and, more recently Greek and Lithuanian markets. It also reinsures a portfolio of variable annuities sold in Taiwan and Japan. Its goal is to expand into other markets over the coming years, while also continuing to expand its product range. It currently writes unit linked, variable annuity and protection business.

 

Main Purpose of the Job:

The AGL Graduate Programme is a fast paced and exciting journey designed to immerse graduates in the global and local Allianz cultures. As a trainee you will be given the opportunity to explore different opportunities across the business and be supported to complete your actuarial qualifications. Throughout the Graduate programme you will have the opportunity to work in two of our three functions; Actuarial Function, Risk Management, Product & Investment. This will result in you getting to spend at least 18 months training and work experience in that relevant department.

 

Key Performance Measures:

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. 

 

Key Customers:

Internal - People Managers, Heads of Function, Colleagues

External - Allianz Group, External Service Providers

 

Business Competencies:

Education and Qualifications:

Strong Academic record, third level graduate in actuarial, maths, physics or similar quantitative subject a minimum of 2:1 awarded

 

Management

Self-manage multiple deliverables, with ability to prioritise and adhere to deadlines.

 

Product & Technical Knowledge:

Proficient in Microsoft Office suite (Excel in particular).

 

Commercial Awareness:

Awareness of the additional responsibilities and high standards that an employee must meet within a life assurance is advantageous.

 

Personal Competencies:

Personal Impact

·  Desire to progress quickly 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.
·  Strives to provides outputs of a high standard and takes pride in meeting these standards. 
·  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.

 

Communication

·  Effective communication skills – both oral and written, Fluent in written and spoken English.

Dealing with People

·  Demonstrated ability to build successful working relationships with, and manage expectations of, a wide variety of our internal and external customers / stakeholders.

72062 | Actuarial | Entry Level | Allianz Global Life | Full-Time | Permanent
 

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.
Join us. Let's care for tomorrow.