Consultant Capital Management

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Job Purpose / Role

The Capital Management team at Allianz Commercial is responsible for managing capital, dividends, and ratings. The position holder will be located in our Munich office, collaborate with colleagues primarily from Accounting, Treasury & Tax, Actuarial, Global Performance Steering, and Risk Management in Munich and Chicago, and report to the Head of Global Capital Management.

Key Responsibilities

• Further strengthen the link between corporate performance metrics, such as RoE, and business steering relevant performance metrics in close collaboration with relevant stakeholders and operate the related processes.
• Contribute to projects and initiatives with focus on improving Allianz Commercial’s capital efficiency.
• Cover capital management topics for Allianz Commercial, i.e. for commercial business operated by Allianz Commercial and sister entities writing commercial business within Allianz Group.
• Project and plan capital positions and dividends, targeting efficient capitalization while complying with Allianz Commercial’s capital adequacy risk appetite, advise on steering options and drive their implementation.
• Manage capital adequacy and efficiency, comprising the assessment of the prospective capital needs for selected entities under management of Allianz Commercial in close collaboration with the local CFOs, Risk Management, and other teams, providing advice and drive informed decision‑making on, and implementation of, capital and dividend steering actions.
• Continuously improve globally consistent, value‑generating processes and procedures, with solid governance frameworks for own area of responsibility, considering market developments, regulations and other stakeholder requirements affecting own area of responsibility.

Must-Have Requirements / Skills / Experience

• University degree in a quantitative science, preferably Mathematics or Actuarial Sciences.
• More than five years of professional experience in Corporate Finance or in Actuarial, preferably in (re‑)insurance.
• Risk modelling experience, ideally with focus on underwriting risks, and a solid understanding of the link between corporate performance metrics and business steering relevant performance metrics.
• Proven ability to drive change while working under time pressure and flexibility in task management in order to adapt to changing priorities.
• Engaged and independent working style; business‑minded, pragmatic and result‑oriented can‑do attitude; excellent analytical skills; assertive yet cooperative team player.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision‑making is highly beneficial.
• Excellent communication skills and experience communicating to top management.
• Business fluent language skills in English.

Nice‑To‑Have Requirements / Skills / Experience

• Recognized professional qualification related to the job (e.g. Actuary).
• Fluent language skills in German.

What’s in it for you?

Let’s care about everything that makes you, you. We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model that balances in‑person collaboration and remote work. Flexible working arrangements are available.

Let’s care for your financial wellbeing. We reward performance with a great compensation and benefits package, including a generous bonus scheme and pension.

Let’s care for your opportunities to progress. From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide.

Let’s care for life’s twists and turns. We support flexible working, health and wellbeing, generous parental leave, and help employees return from career breaks.

Let’s care for our society and our planet. Engaging in shaping a safe, inclusive, and sustainable future, we care for the tomorrow of our people and clients.

Join us. Let’s care for tomorrow.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Consulting, Information Technology, and Sales

Industries

Financial Services and Insurance

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People With Disabilities

We want to give all candidates the best opportunity to succeed. If you need adjustments during the application and selection process, please email

Recruitment Agencies

Allianz Commercial has an in‑house recruitment team. We do not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid if a candidate submitted by a recruiter without an agreement is hired. When we use agencies, a PSL is in place. Please do not contact managers directly. Failure to comply could result in disqualification and/or fee non‑payment.

Equal Opportunity Statement

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 matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of 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. We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email All of this is in accordance with: Article 4 AE, Article 11 of the Code of Conduct, Article 12 and 13 of the Code of Conduct, Article 5, 9, 10, 12 and 13 of the Code of Conduct and all other engines for EEO.