Senior Reinsurance Analyst (m/f/d)

Job description

Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

 

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

 

We are looking for a Senior Reinsurance Analyst (m/f/d), based in Munich or London. 

 

Your Team   

You will be reporting to the Head of Treaty Reinsurance being part of a globally successful team spread across the globe. This is an excellent opportunity to join a team with a strong reputation and a commitment to excellence.  

 

The Impact You Will Have  

You will manage the reinsurance market cycle, transcend Line of Business (LoB) and unit-specific thinking, and cultivate a holistic, total balance sheet mindset to enhance reinsurance decision-making. You should work independently, autonomously acquiring the necessary information and methodologies to fulfill your tasks with an entrepreneurial spirit. 

 

Some of your specific responsibilities could include: 

· 
Co-operation with Risk Management in the RDS (Realistic Disaster Scenarios) process; calculate the respective net of the RDS scenarios; in addition to Ad- Hoc scenario testing and treaty simulation 

· 
Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance 

· 
Design, develop and implement consistent, robust global reinsurance wordings 

· 
Annual Update of all Corporate Rules Books relevant for Reinsurance 

· 
Responsibility on the Reinsurance side for ORSA (Own Risk and Solvency Assessment) report, RSR (Regular Supervisory Report), ASOR (Allianz Standards of Outgoing Reinsurance) Deviation report 

· 
QS and XOL (Excess of Loss) Vetting Process on ad- hoc and regular basis 

· 
AzRe QS Net Treaty Renewal, German Branch, UK Branch and CER SIM (Claims Equalization Reserve) for Pharma and Nuclear Pool 

· 
Contact Person for internal and external audits and Coordination of Ad hoc requests 

 

What You’ll Bring to the Role 

· 
Ideally, degree in mathematics, finance, business administration or another area that involves a strong focus on quantitative analysis 

· 
Professional reinsurance experience and in-depth understanding of reinsurance practice 

· 
Expert knowledge of reinsurance instruments, underlying business and Actuarial / Risk Capital requirements 

· 
Technical and practical background in one industrial insurance LoB, general understanding of all major LoBs and a robust understanding of actuarial principles and practices 

· 
Ability to evaluate risk reward effects of reinsurance, e.g. impact on P&L and capital position of company 

· 
Skill-set to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire 

· 
Ability to express ideas and messages clearly, both written and verbally 

· 
Fluent English is required 

 

52538 | Reinsurance | Professional | 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 pension. 

 

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 is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

 

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

 

Learn more about careers at Allianz Commercial by clicking here . 

 

Learn more about Allianz Commercial by clicking here . 

 

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 culture. 

 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com  

 

Recruitment Agencies:  
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.