Allianz SE Reinsurance Branch Asia Pacific – Intern (Life & Health Actuarial)

Allianz SE Reinsurance Branch Asia Pacific
Intern (Life & Health Actuarial)
Date Listed
21 Jun 2024
Job Type
Entry Level / Junior Executive
Job Period
From Jul 2024, For At Least 6 Months
Banking / Finance
Location Name
79 Robinson Road, Singapore
79 Robinson Rd, Singapore 068897
Allowance / Remuneration
$1,500 monthly
Company Profile

Allianz Re is the reinsurance arm of the Allianz Group. Headquartered in Munich, Germany, Allianz Re has offices located close to key markets in Ireland, Singapore, Switzerland and the United States, tailoring reinsurance solutions to the diverse business needs of customers worldwide. As a global organization, we bring together a team of international experts in both the underwriting and risk management fields, combining global and local market expertise and multi-segment know-how. 

Job Description

We have an opportunity for an intern to assist the Life & Health Actuarial team with administrative tasks and projects. This position will be reporting to the Senior Life & Health Actuarial Analyst. It is ideal for current students or recent graduates who are interested in gaining a better understanding of actuarial reserving topics in the insurance industry.

Key Responsibilities

  • Contribute to the production of quarterly IFRS4 and local accounting figures.
  • Develop sensibility checks for IFRS17 production that can be quickly used to verify the accuracy of inputs.
  • Produce experience studies of treaties that diverge from pricing assumptions.
  • Support Long-Term Stress Testing (LTST) exercise for Climate Change Risk.
  • Support process innovation in cashflow and reserve production processes.
  • Support the reserving team by participating in historical reserve reviews.
  • Support the company in organising and planning Corporate Responsibility events.
  • Any other required duties, projects and tasks as assigned by the line manager or team members.

Key Requirements / Experience / Skills

  • Able to commit for 6 months (July to December) for at least 3 days a week. Priority will be given to students who are able to commit for 6 months on a full-time basis.
  • Start and end date can be discussed.
  • Currently working towards a university degree in a related field (Actuarial Science, Business, Economics, Finance etc.).
  • Eligible to work in Singapore (Singapore Citizen or Singapore Permanent Resident).
  • Fluency in English is mandatory and fluency in other Asian languages is advantageous.
  • Knowledge in Actuarial & Finance areas (Familiar with IFRS4, IFRS17, Solvency II, MAS regulations) and knowledge or prior experience in an insurance related company is advantageous.
  • Strong desire to learn the ropes in preparation for a career in the insurance industry.
  • Team player with strong service quality mind-set, adaptable, analytical, independent, meticulous, proactive, reliable, resilient, self-motivated, and willing to learn.
  • Very strong knowledge of Microsoft Office (Excel, PowerPoint, Word).
Application Instructions
Please apply for this position by submitting your text CV using InternSG.
Kindly note that only shortlisted candidates will be notified.

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