Cat Portfolio Analyst (m/f/d) in Munich or Zurich, Hinteregg

About Us Reinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in portfolio analytics, catastrophe risk visualization and assessment, and run‑off management. These activities play a vital role in stabilizing and diversifying the Allianz Group, supporting our purpose to secure our customers’ future—today and tomorrow.

Job Purpose / Role As a CAT Portfolio Analyst, you will play a fundamental role in analyzing and managing our portfolio of catastrophic risks. In your role, you will support efforts to assess risk exposure, develop strategies, and support decision‑making processes to optimize our Nat Cat reporting processes and ensure resilient limit monitoring, while adhering to Solvency II regulations and managing the Nat Cat premium risk.

Key Responsibilities

Maintain and develop the internal model for Nat Cat for Allianz Group, ensuring its alignment with industry standards and regulatory requirements within Solvency II

Conduct, develop and refine risk capital calculations for Nat Cat portfolio and impact analysis, effectively communicate to senior management and other stakeholders within Allianz Group and Allianz Re

Perform Nat Cat Limit System monitoring and reporting, ensuring timely communication to senior management.

Perform and support in developing data‑driven strategies for portfolio steering.

Critically assess the data quality, strengths and limitations of capital modelling and contribute to its continuous improvement

Support Solvency II related topics around Cat Capital Assessment (documentation of results, tools and processes)

Collaborate with underwriters, actuaries, and cross‑functional teams to craft and implement effective capital modeling and reporting

Support Allianz Group and Allianz Re with analytical tasks around the measurement of Cat exposures, Cat capital reporting, Cat exposure data management, sensitivity testing and analytical analyses around externally placed reinsurance for the group

Qualification

University degree in Mathematics, Physics or natural sciences

Up to 5 years of proven working experience in relevant field. Experience in project work as subject matter expert.

Experience in Solvency II internal modelling, risk analysis and portfolio management.

Good understanding of (re)insurance business and treaty structures.

Good knowledge of risk assessment tools

Good understanding of design of vendor models, DFA tools and aggregation platforms

Strong analytical, mathematical and statistical skill set to solve complex analytical problems

Strong data analysis and programming skills in high level and scripting languages

Ability to perform accurate capital risk modelling, portfolio management and sensitivity analysis under time pressure

Knowledge of Cat Modeling vendor tools like Moody's RMS and Verisk is a plus

Knowledge in machine learning, deep learning or AI methods advantageous

Contribute to cross‑risk analytics initiatives, including the enhancement of Cyber risk scenarios and collaboration with the Cyber Center of Competence

Experience

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Key Skills

Experience in the (re-)insurance industry

Professional experience in risk analysis, portfolio management and Solvency II regulations

Drive to keep up‑to‑date with technology and market developments

Strong communication and presentation skills to explain complex topics

Competency of thinking in business terms and pro‑active addressing of customer needs / challenges

Independent, structured and and diligent working style

Strong interpersonal skills and cultural awareness

99560 | Underwriting | Professional | | Allianz Reinsurance | Full‑Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.

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