BUSINESS STEERING MANAGER | MADRID, ES

Business Steering Manager Objectives of the Role.
The role is to direct and organize the actuarial functions in the Life Area, providing actuarial calculations advice, in order to maximize the value of business to shareholders in the long run.
he primary purpose of this position is the direct responsibility for all actuarial activities associated with the following areas of expertise.
Reserving, Reinsurance and Analytics.
ou will report to the Life &Health Thecnical Direct Actuarial In force Management Function The key responsibilities are.
• Lead the in-force management practice within Spain.
This will include all aspects such as steering of inforce KPIs (in line with company's strategic objectives and consistent with solvency & IFRS17), analyzing inforce portfolio (assumptions, cost allocation, profitability, portfolio segmentation, value for the customer, cost control, remuneration of sales network), review / build internal policy for inforce (crediting, reinsurance, liability side of ALM..) and propose actions (cross & up selling, predictive analysis, revisit profit participation, maturity management & retention incl.
decumulation, rider attachment, guarantee reduction or alternative, decommissioning of legacy) including analysis of market best practice, and liaising with Group Life experts.
• Supervision of the local Life Reserve calculation.
proper provision and reporting on the liabilities of insurance policies and to ensure the adequacy of reserves to interest rates, mortality tables and sufficiency of loadings (to cover actual costs).
• Review and arrange necessary longevity reinsurance arrangement.
• Perform experience analysis and ensure the reasonableness of actuarial assumptions on pricing / valuation / planning.
You will use traditional methodologies, but also predictive models and machine learning approaches to implement state-of-the-art solutions.
You will work closely with international Actuaries and Data Scientists keeping up to date with industry and data science standards and build bridges to the traditional actuarial world.
• Drive forward actively streamlining and automatization of internal processes.
• Collaboration.
Collaborate with cross-functional teams, including finance, risk, actuarial, controlling, marketing and sales, to ensure successful product launches and ongoing support.
Qualifications • Master or above in Actuarial Science, Mathematics or Statistics.
• Extensive experience (+ years) in the Life Actuarial area in Consultant or Insurance Company in business related functions (Underwriting, Risk, Actuarial) • Strong experience with ALM modelling and life actuarial software.
Risk Agility Financial Modeling (RAFM) is a plus.
• Programming skills in R, Python, and expertise in machine learning would be beneficial.
Familiarity working with SAS databases.
• Be familiar with the main insurance product types, investment, risk implications and accounting (e.
.
Solvency II, IFRS 17, etc.) Key Competence • Excellent leadership and team management skills.
• Exceptional communication and interpersonal skills, especially ability to convey information to non-expert audience and senior management.
• Self-manage multiple deliverables, with ability to prioritize and adhere to deadlines.
• Anticipate customer needs and strive to improve service and processes.
• Demonstrated ability to build successful working relationships with, and manage expectations of, a wide variety of our internal and external customers / stakeholders.
What does Allianz offer you? • A hybrid working model; • Offices that adapt to your needs, with a smart working model and collaborative spaces; • Flexible hours so that you can have a good balance between your personal and work life; • Specific training in your field of activity and You Learn We Pay program; • Multiple employee discounts in sports centers - mens sana in corpore sano; • Financial compensation for lunch and teleworking expenses; • Special prices in our insurance products for you and your family; • Many more benefits...