Apprentice - Property & Casualty Actuarial

85951 | Actuarial | Apprenticeship / Dual Studies | n.a. | Allianz Singapore | Full-Time | Temporary

Entity: Allianz SE Singapore Branch

 #L1-RS1

Job Purpose

Allianz Apprenticeship programme is a 12-month programme. The objective of this programme is to attract, develop, and retain talented individuals who will become future leaders in the company, while also fostering an inclusive and diverse work environment. The programme will commence in mid-April 2026. Business Functions: Actuarial

What you do

You will be responsible for Corporate Actuarial topics in the Asia Pacific Property & Casualty ("PC") business with focus on reserving, technical reporting (IFRS17), planning and controlling, reinsurance topics and Lines of Business ("LOB") reporting in the region. The role also encompasses the improvement of Operating Entities ("OE") actuarial processes and actuarial maturity level. 

The tasks and projects expected for the apprenticeship are: 
(1) Data preparation and filling up templates for the Independent Reserves Review 
(2) Setting up quarterly reserve Key Performance Indices ("KPIs") tracking and LOB reporting performance analysis including but not limited to Gross Written Premium, Combined Ratio ("CoR"), Loss Ratio ("LR") and Expenses Ratio ("ER") movement via Power BI or other software. 
(3) Collect and check information such as attritional, large and catastrophe claims split, earned exposure and number of claims by LOB to enhance the Loss Ratio Walk for the region
(4) Improve reinsurance process in particular on Catastrophe data submission ("ASPIRE") timeliness and accuracy.  Improve AZAP reinsurance pricing tools. 
(5) Support any other projects including but not limited to Integration of any newly acquired company to meet Group's requirements. 
(6) Support Business-As-Usual ("BAU") activities including but not limited to quarterly actuarial closing activities, analysis and commentaries and product approval.
(7) Involvement in a Sustainability year-long project for all apprentices, with final presentation at AZAP Stand-up or the Board Members

Mentorship Programme: 

The apprentice will be assigned to a mentor/manager from the Business Function. Mentor/Mentee catch up bi-monthly for at least a 30-minute session. Minimally, there should be 6 sessions throughout the apprenticeship programme.

What you bring

• Recent graduate (between from any local polytechnic in Singapore.
• The ability to bring new ideas and perspectives, which can lead to innovative solutions and approaches within the organization.
• Eagerness to learn and take initiatives in projects and tasks.
• Flexibility and open to change in a dynamic work environment.
• AI-skills e.g. ChatGPT and Copilot an advantage.
•  Good problem-solving and communication skills.  

What we offer

• We are certified as one of the The World's Best Places to Work & Great Place to Work in Singapore.
• Be part of a team that's open-minded, supportive, and genuinely focused on customer outcomes.
• A sense of belonging in the workplace, where you are welcomed and encouraged to bring your most authentic self to work.
• An employer that is committed to supporting hybrid work and readily provides flexible & remote work options.
• Access to LinkedIn Learning and Degreed and career opportunities across the world, to support your continuous learning and you taking control of your career development.
• Robust and comprehensive benefit offerings for your health and well being
• Initiatives to support your financial wellness through selected discounted Allianz insurance products, pension contributions and our referral bonus scheme.
• The opportunity to take part in our Employee Share Purchase Program - own a piece of your employer.