Darta Saving Life Assurance dac, trading as Allianz Darta Saving, ("Allianz Darta", "We" or the "Company") is authorised in Ireland to transact life assurance business in the European Union ("EU") under the 2015 Regulations.
The Company operates on a Freedom of Services basis.
The Company mainly distributes unit-linked products through Allianz Bank Financial Advisors Sp A.
("Allianz Bank") in Italy.
In addition, a small number of Private Insurance portfolio bond products and unit-linked products are sold through other non-Allianz channels in Italy.
Allianz Darta's Reserving Function will be outsourced to Allianz Sp A in Italy from Q3 2025.
Main Purpose of Job The position holder reports to the Head of Actuarial Function.
Overview / Responsibilities Oversight and compliance with reserving activities and plays a key role in providing Allianz Darta with oversight of the reserving services as carried out within Allianz Sp A.
Work spans all Solvency II and IFRS17 (profit) actuarial reporting as well as supporting various projects as they arise.
Responsibilities Relationship management and oversight of workflow assignment to the outsourced Actuarial provider the Allianz Sp AOversight of Actuarial interaction with the Product Development team, ensuring new product proposals are reviewed and have been implemented appropriately within the actuarial reporting framework Reviewing the production and validation of results used in Solvency Il and IFRS17 actuarial reporting, including monitoring appropriateness of methodologies and models Interaction with finance related executive management including HOAF, CFO, CRO, HOPD etc Contribution to the preparation of Regulatory and Group Reporting, as appropriate (ARTP and inputs into IFRS17, SFCR, RSR, MVBS)Review and challenge of reports/presentations explaining the change in reserves over the month/quarter Review and challenge the annual assumption setting exercise and the preparation of corresponding reports Support the annual review of the appropriateness of reinsurance arrangements Review and challenge the production of the annual Actuarial Function Report and IFRS Reporting Actuary's Report; Support the annual assessment of the underwriting policy and associated processes Co-ordination of Reserve Committee.
Key Performance Measures Accuracy and attention to detail: The work undertaken is technical and requires calculations and workings to be conducted within a controlled environment.
Communication of results requires accuracy, attention to detail and importantly tailoring work to the needs of the recipient.
A primary measure of performance is how the individual delivers on these requirements.
The position holder is expected to display the skills of questioning, spotting errors and explaining results - taking ownership of the quality of delivery.
Productivity: (i) Proactively seek to increase own level of output and team contribution (ii) Meet delivery times while maintaining accuracy (iii) Share workload evenly with other team members - particularly at busy times.
Agile Approach: Tasks and requirements are varied and likely to evolve in line with business needs - the position holder is expected to be solution orientated and to work closely with colleagues to drive incremental progress.
Personal Development: Display ongoing development working with managers an internal programs but also take ownership of your own development.
Build a respected personal profile within the company.
Key Customers Internal - Unit Linked & Protection Reporting, Risk Team, Finance Team and Allianz Darta relevant personnel.
Business Competencies Professional Competence Life insurance experience Reporting experience Assumption setting experience An understanding of industry best practices towards various Actuarial techniques Organisation - Strong organisational skills required with ability to work on own initiative.
Flexible and adaptive to changing requirements.
Communication - Excellent communication skills and attention to detail required.
Stakeholder Management and ability to build strong relationships with key stakeholders.
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