Senior Actuarial Expert in London

Our Actuarial Reserving team is currently looking for a Senior Actuarial Expert based in any of the following locations: Chicago, Toronto, or London. This is a hybrid role.

Your Team

Allianz Commercial employs the brightest, most passionate people in the insurance industry. We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. The CFO actuarial reserving team is a key unit in the broader CFO function and strategic contributor to the long‑term success of Allianz Commercial. We are an experienced, diverse and hardworking team and we look forward to welcoming you onboard.

The Impact You Will Have

You will join the Actuarial Reserving 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 Actuarial Expert, 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

• Minimum 8 years business experience in the P&C industry, preferably spanning multiple actuarial areas with a focus in Reserving.
• ACAS.
• Job specific knowledge with regard to 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.
• Proficiency in R/Alteryx/Tableau/Python is a plus.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision‑making is preferred.

What’s in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognises the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

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.

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.

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.

Allianz Commercial is the centre of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Allianz Commercial helps customers to prepare for what's ahead.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.