Life Actuary - Regional Life & Health (m/f/d)

About Allianz Holding Eins

Allianz Holding Eins is the regional holding for Central Europe, driving strategic development and innovation across Life & Health insurance in 11 dynamic markets: Austria, Bulgaria, Czech Republic, Croatia, Slovenia, Hungary, Poland, Lithuania, Romania, Slovakia, and Ukraine. Based in Vienna, we shape regional strategy, product excellence, and long-term value creation for millions of customers across the CE region.

Job Purpose / Role

As a Life Actuary in our Central Europe team, you will operate at the intersection of actuarial expertise, business strategy, and regional decision-making. You will influence how Life & Health products are designed, priced, and steered across multiple markets, working closely with local actuarial and management teams. The role combines hands-on actuarial topics with strategic exposure at regional and Group level, offering a unique opportunity to broaden your actuarial career beyond a single operating entity.

Key Responsibilities

• Shape and support the regional Life & Health strategy (Protection, Health, Life Savings, Unit Linked) in close collaboration with local actuarial and business teams.
• Support the regional product approval process, including pricing assumptions, profitability (NBM, VNB), customer value (LR, RiY), and alignment with underwriting and distribution standards.
• Act as a sparring partner for local life actuaries on pricing, profitability, and portfolio steering topics.
• Develop and implement regional standards for pricing, underwriting, and portfolio steering, leveraging Group frameworks and best practices from mature markets.
• Monitor business performance using key KPIs (e.g. PVNBP, CSM, RoE), identify deviations, and support corrective measures.
• Guide integration of IFRS 17 and relevant risk governance frameworks into product development and portfolio management.
• Collaborate with Group functions and serve as a key contact for actuarial and product-related topics across operating entities.
• Contribute to strategic and financial planning by providing actuarial insights, independent perspectives, and best-practice benchmarks across markets.
• Gain exposure to multiple life insurance markets and product types, enabling fast learning and broad professional development.

Key Requirements

• University degree in actuarial science, mathematics, statistics, or related fields.
• Several years of professional experience in life insurance actuarial roles (pricing, valuation, reporting, or portfolio steering).
• Strong knowledge of insurance KPIs (e.g. NBM, VNB, RoE) and solid understanding of profit drivers in life insurance.
• Familiarity with IFRS 17 and risk or actuarial governance frameworks.
• Excellent analytical skills with the ability to translate complex topics into clear business insights.
• Strong stakeholder management and communication skills in an international environment.
• Fluent English is required; additional CE languages are an advantage.

What We Offer

• A high-impact regional actuarial role with direct exposure to senior management and Group functions.
• The opportunity to work on diverse life insurance portfolios and products across multiple Central European markets.
• A strong combination of technical actuarial work and strategic business involvement.
• An international, highly professional, and collaborative working environment.
• Excellent opportunities for personal and professional development within Allianz.
• A modern workplace in Vienna with flexible working arrangements.

Join Allianz and help shape the future of Life & Health insurance in Central Europe. We believe in diversity and inclusion and welcome all applications, regardless of background, gender, or orientation.