Actuarial Expert

Overview

Our Actuarial Reserving team is currently looking for an Actuarial Expert based in Chicago. This is a hybrid role.

• 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 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.
• Derive forward‑looking loss ratio views to inform business steering and quarterly closing.
• Collab​ore with underwriting, claims and pricing teams to understand trends, business mix movement and market development and ESG topics.
• Address new and previously unknown challenges such as inflation impact on reserves.

• Minimum 4 years business experience in the P&C industry, preferably spanning multiple actuarial areas with a focus in Reserving.
• ACAS or near‑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.

The annualized base pay range for this role is $104,361 - $162,417. The annual base salary range represents 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.

Benefits include hybrid working model, a generous bonus scheme, pension, private healthcare, generous parental leave benefits, support for flexible working, health and wellbeing, lifelong learning, international career mobility and opportunities for digital learning programs.

Be advised that the position you are applying for involves responsibilities related to cash handling. As part of our commitment to ensuring the safety and security of our operations, all candidates (internal and external) selected for this role will be required to undergo a background check. This process includes, but is not limited to, verification of criminal history and financial history.

By applying for this position, you acknowledge and consent to the background check as a condition of employment.

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.

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. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we use agencies, we have a PSL in place, so please do not contact managers directly.

Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.