Life & Health Actuarial Auditor

Allianz Services is proud to serve and be part of Allianz Group, one of the world's leading insurers and asset managers. Our strong global footprint, with around 6000 employees located across eight countries and four continents, enables us to unlock the full potential towards driving a superior client experience within Allianz Group.

Requirements & Skills

Strong academic background (master/university diploma or degree in mathematics, statistics or similar, and actuarial exam recognized actuarial certification;
Knowledge of regulatory framework, actuarial techniques, and insurance/financial markets;
Strong, demonstrated professional track record, preferably in an insurance or consulting company;
At least 4-5 years L&H actuarial experience (reserving and technical provision in line with statutory and regulatory requirements, life/health operating profit management reporting, assumption setting and standards, product development, pricing oversight, profitability testing and L/H business performance validation, MCEV and related actuarial support for insurance risk capital/contribution to the effective implementation of the risk management system, opinion on underwriting policy and adequacy of reinsurance arrangements, and pension scheme design/funding/risk management etc.); Property & casualty actuarial experience would be a plus;
1-3 years professional experience in internal/external audit or as consultant or equivalent will be an advantage;
Audit certification (CISA, CIA or similar) will be an advantage;
Excellent communication skills are essential;
Rigorous and methodological work approach;
Ability to deal with all types of persons and experience in managing escalation processes after delivering inconvenient decisions;
Talent to empathize for the auditee’s perspective and ability to listen;
Team spirit, self-motivation and a proactive and committed working style, as well as ability to interact in a global work environment with people from different countries and cultures;
Geographical mobility (international travel for extended periods);
Strong computer skills / MS Office;
Proven command of the English language (verbal and written).

Job role

The Life & Health Actuarial Auditor acts as accepted advisor to the business with in depth experience auditing in the field of actuarial topics (reserving and technical provision in line with statutory and regulatory requirements, life/health operating profit management reporting, assumption setting and standards, product development, pricing oversight, profitability testing and L/H business performance validation, MCEV and related actuarial support for insurance risk capital/contribution to the effective implementation of the risk management system, opinion on underwriting policy and adequacy of reinsurance arrangements, and pension scheme design/funding/risk management etc.).

Responsibilities

Audit Practice:

Take responsibility for the performance of the audit engagements in areas of assigned responsibility;
Plan and execute audit projects with actuarial topics, define risk-based audit areas, audit business transactions, workflows, processes and control systems;
Determine deficiencies and vulnerabilities to be remedied, analyze audit results, formulate proposals for solution and support or lead closing meetings;
Maintain the audit system, ensure proper documentation and responsibility for audit report writing;
Comply with the audit policies and the respective standards (independence, integrity, confidentiality, truth and fairness, security, economy, system conformity).

Quality Management:

Verify if the audit’s suggested measures were accomplished (follow up) and support the implementation of the audit recommendations;
Support the update of audit methods, initiate improvements of workflows, processes, security and control systems and promote best practice sharing;
Planning and implementation of technical training and information (team/peer).

Relationship Management:

Take responsibility for the relationship with the auditees (deal with challenging situations, understand different perspectives, deliver challenging conclusions in a diplomatic way etc.);
Communicate with stakeholders from all hierarchy levels;
Collaborate on departmental and inter-organizational projects.