The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. Allianz SE, the parent company, is headquartered in Munich, Germany.
Allianz Re Dublin dac, based in Dublin, Ireland is a non-life reinsurance company that utilises in-house expertise to provide reinsurance to companies within the Allianz Group.
We are currently recruiting for a Finance Manager to join our team and be responsible for overseeing a reinsurance transaction consisting of traditional treaties and insurance linked securities (ILS) in addition to responsibilities on large Capital Management Reinsurance transactions of the Company.
The Finance Manager will play a critical role in the execution of Allianz Group’s strategy on external retrocession and internal Capital Management Transactions. This role requires a comprehensive understanding of reinsurance, compliance, regulatory requirements, credit risk, market risk, and investment management. The ideal candidate will possess a strong sense of ownership and leadership skills to effectively manage the transaction and all stakeholders involved.
Reporting to the Chief Financial Officer, the ideal candidate will possess a strong sense of ownership and leadership skills to effectively manage all stakeholders involved in transactions.
This position plays a key role within the Allianz Re world and has great potential to further increase the scope. We are flexible in the way this role is exerted, which means that there can be more or less travelling involved. We are working under a flexible working model with the general expectation to have one team office day per week. We are also open to discuss other options if it better fits the candidates personal life situation.
Key Responsibilities:
* Oversee the entire process of Capital Management Reinsurance (CMRs) from the pre-offer phase to contract administration.
* Track CMRs from underwriting, actuarial, finance, and risk perspectives to ensure comprehensive management.
* Evaluate the Solvency Capital Requirement (SCR) and Own Funds (OF) impacts from all dimensions—cedant, reinsurer, and group—during the pre-offer phase.
* Conduct detailed and comprehensive analyses of new, complex constructs from underwriting, actuarial, governance, risk, regulatory, and finance perspectives.
* Oversee and verify CMR deliveries from cedants during the closing phase.
* Ensure accurate and timely bookings of CMRs.
* Prepare and present reports on ongoing CMR offerings, current CMRs in place, and potential future ideas to the management team, board, and auditors.
* Oversee the planning cycle for CMRs.
* Develop and elaborate on a comprehensive CMR strategy.
* Implement operational efficiencies to maintain tight closing deadlines amidst growing complexity across CMR treaties.
* Assist the Chief Financial Officer (CFO) with Board paper preparation.
* Coordinate complex accounting topics, ensuring correct treatments across group, local, and Solvency II (SII) ledgers.
* Address increased compliance requirements and managing complexity.
* Setting up, maintaining and overseeing the strategically relevant reinsurance transactions, including collateral management, periodic reporting to stakeholders and incorporating the transaction into the AZ Re group communication and disclosures.
Key Requirements:
* Qualified Professional, 8 years + experience in financial regulated industry, preference reinsurance.
* Extensive experience in capital management, underwriting, or actuarial analysis within the insurance or financial services industry.
* Advanced degree in finance, actuarial science, risk management, or a related field.
* Strong understanding of Solvency Capital Requirement (SCR) and Own Funds (OF) frameworks.
* Proficiency in managing financial constructs from underwriting, actuarial, governance, risk, regulatory, and finance perspectives.
* Experience in reinsurance transaction management, credit risk, or a related field.
* Strong solution-driven mindset with a focus on innovation and process efficiency.
* Demonstrated leadership experience with the ability to manage complex stakeholder relationships.
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