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

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

Job purpose / role

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.

With more than 40 years of experience and offices across Europe, Asia Pacific, and North America, we collaborate closely with our partners to understand risk and deliver lasting value. As a global organization, we unite international experts in underwriting and risk management, combining global reach with local insight and multi-segment expertise.

We are committed to fostering an inclusive culture rooted in collaboration, trust, and integrity—an environment where everyone can thrive. Our flexible work arrangements, ongoing learning opportunities, and supportive leadership empower our employees to grow and help shape the future of reinsurance.

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 lead efforts to assess risk exposure, develop strategies, and support decision-making processes to optimize our reporting processes and ensure resilient limit monitoring, while adhering to Solvency II regulations and managing the Nat Cat premium risk.

• Maintain and develop the internal model for Nat Cat for Allianz Group, ensuring its alignment with industry standards and regulatory requirements
• Calculate the P&C Nat Cat premium risk for the legal entities Allianz SE and Allianz Re Dublin dac, contributing to accurate risk assessment and risk management
• Conduct quarterly risk capital reporting and Limit Monitoring for Nat Cat, ensuring compliance with established thresholds
• 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

Key responsibilities

• Conduct risk capital calculation for Nat Cat portfolio and 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
• Develop and refine the capital model, enhancing analytical tools for sensitivity testing and analyses around externally placed reinsurance
• Critically assess the data quality, strengths and limitations of capital modelling and contribute to its continuous improvement
• Lead / support on Solvency II related topics around Cat Capital Assessment (documentation of results, tools and processes)
• Provide Cat inputs for Rating Agencies capital models (e.g. S&P, AM Best), esuring accuracy and compliance
• Support as subject matter expert on ad-hoc requests regarding Nat Cat Portfolio modelling
• Collaborate with underwriters, actuaries, and cross-functional teams to craft and implement effective capital modeling and reporting
• Support Portfolio steering activities with analytics and expert guidance
• Make use of Data and AI

Qualification

• University degree in Mathematics, Physics or natural sciences
• Strong analytical, mathematical and statistical skill set to solve complex analytical problems
• Strong data analysis and programming skills in high level and scripting languages
• Fluent in English, both written and spoken; German and / or other languages as a plus
• 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

Experience & Key skills

• Experience in the (re-)insurance industry
• Professional experience in risk analysis, portfolio management and Solvency II regulationsStrong communication and presentation skills to explain complex topics to all relevant parties including C-level and external stakeholders
• Competency of thinking in business terms and pro-active addressing of customer needs / challenges
• Ability to lead and / or manage multiple cross-functional projects and meet deadlines
• Independent, structured and and diligent working style
• Strong interpersonal skills and cultural awareness

86249 | Risk Management | 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!