Let's care for tomorrow.Your ambitions. Your dreams. Your tomorrow.

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it's aircraft, satellites, the world's biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

We are looking for an Actuarial Analyst, who will be based in our Chicago office.

Your Team Allianz Commercial (AzC) is a leading global corporate insurance carrier. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. The North America Distribution team supports large corporate business expansion across North America.Worldwide, AzC Commercial operates with its own teams in more than 30 countries and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2023, AzC generated a total of €18.0 billion gross premium globally.

The Impact You Will Have In this role, you will support actuarial analysis in collaboration with other team members. This includes the procession of input data, preparation and updating of actuarial models, and documentation of assumptions and results. You will be involved in discussions with the business and maintains links to the other Actuarial and CFO departments as well as to Group functions. You will also provide project support in documentation and testing of the project deliverables. You will support local North American and company-wide IT transformation efforts.

Some of your specific responsibilities could include:

• Develop global actuarial approaches and processes as well as enhance actuarial models and analyses. Present newly developed functionalities to stakeholders, globally and across all key business areas.
• Prepare and reconcile data for closing process and other actuarial processes and support the IBNR closing by running, maintaining and improving related tools.
• Collect and reconcile data and support related actuarial analyses.
• Drive innovation and efficiency in all our processes. Design prototypes.
• Promote close collaboration and interaction with the various business areas to optimize processes and foster mutual understanding how business developments impact actuarial drivers in the financials.
• Provide documentation of processes, checks and controls.

What You'll Bring to the Role

• Minimum of 1 year of experience in finance and insurance knowledge (ideally P&C), as well as understanding of complexities inherent in an insurance group allowing for cross-departmental thinking.
• Bachelor's or Master's Degree in Mathematics, Statistics, or a related discipline, or equivalent experience in a relevant field
• Strong computer skills (MS Office including VBA and relevant expert systems such as Matlab, R, SQL or Java, etc.).
• An Interest working in an international environment as part of a global team.
• Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).
• The ability to positively influence others' actions, decisions, opinions or thinking resulting in positive outcomes. Ability to persuade and motivate others without direct authority.
• Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly resolve key issues and provide insight in various situations.
• Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.

The annualized base pay range for this role is $55745 - $95491. The annual base salary range represents a 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.47470 | Actuarial | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent What's in it for you?Let's care about everything that makes you, youWe 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 wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K.

Let's care for your opportunities to progressFrom 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 turnsFrom 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 planetWith 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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us 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 company culture.

Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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.

Nearest Major Market: Chicago