Consultant (m/f/d) - Allianz Consulting - Insurance Transformation

About Us / Who you will join:

130 years of trust, time to shape what's next. Allianz Group is one of the world's leading insurers and asset managers - built on over a century of stability, expertise, and financial strength. Allianz Services is where that legacy meets the future. 8,200+ people. Eight countries. Three continents. We deliver specialized services to clients within Allianz Group, powered by AI, advanced analytics, and a mindset that refuses to stand still. From core insurance operations to engineering and consulting services, we reimagine how insurance works. What truly sets us apart are our people and the trusted partnerships we build, anchored in our values of expertise, integrity, and empowerment. We don't support the business. We shape it.

Allianz Consulting is where strategy becomes action. As the internal consulting unit of the Allianz Group, we partner with operating entities worldwide to drive transformation across digital, sustainability, and operational excellence - and here, you grow fast and take ownership early.

Joining Allianz Consulting means working in a fully international environment alongside other talented people who enjoy sharing their knowledge and experiences, having increased personal responsibilities and working under a flat management hierarchy. Allianz Consulting has a reputation for focusing on growing its talent and on-the-job training from the very first day to ensure strong career development and preparation for future opportunities within the Allianz Group.

About the Team

The Insurance Transformation team partners with senior Allianz Group leaders on their most consequential strategic priorities. We define growth and productivity levers, harmonize business models, and translate strategic ambitions, such as the Group's AI agenda, into a prioritized transformation roadmap. We then drive its delivery by designing target operating models, redesigning end-to-end processes, and governing Group-wide transformation programs through to measurable results.

Role Overview

As a Consultant you contribute to strategy and transformation engagements for senior Allianz stakeholders, taking responsibility for specific analyses and deliverables within a workstream. You start from strategy, building the fact base, benchmarks and business planning inputs that help senior leaders set priorities and understand how Allianz competes and operates in a changing market. You then move to design and delivery, supporting process improvement and operating model work and keeping project governance documents, timelines and communications up to date. Along the way you learn the consulting toolkit hands-on and grow towards owning modules of your own.

Key Responsibilities

- Contribute to complex strategic and transformation projects that reshape how Allianz operates, taking responsibility for specific analyses and deliverables, from strategic rationale, business case inputs and financial modeling (including for potential acquisitions) to operating model and process design, and for their quality and timeliness
- Support the project governance, preparing steering committee materials, delivery and impact reporting, risk and dependency logs, project timelines and communications, and board presentations for senior management
- Work with client teams day to day, gather and structure information and build strong working relationships with your counterparts
- Keep your workstream lead informed on progress and roadblocks, ask the right questions early and propose options when something is unclear
- Conduct external benchmarking, selected due diligence and research on industry trends and market conditions, identify improvement opportunities across the insurance value chain and their top-down impact, and turn the findings into clear, well-structured analyses and storylines
- Contribute to business development and client pitches under the guidance of an Engagement Manager, preparing research, analyses and presentation material
- Help increase Allianz Consulting expertise within our strategic areas of development and contribute to internal projects, knowledge sharing and team events
- Communicate clearly with stakeholders at all levels and support the team in maintaining strong client partnerships throughout the project lifecycle

Key requirements / What we hope you bring

- University degree in Business Administration, Economics, Engineering or a comparable field, or equivalent experience
- 2+ years of experience in strategy or management consulting, ideally with exposure to business transformation strategy development and rollouts or M&A transactions and due diligences
- Working knowledge of AI and generative AI (GenAI) tools, the habit of using them in your daily work and curiosity about how AI changes business transformation
- Exposure to large-scale projects or program management offices
- An affinity for solving problems and a pronounced capacity for analytical and structured thinking
- Curiosity for or knowledge of insurance and financial services and of consulting methodologies, tools and techniques
- Ability to work and communicate with a broad range of audiences and seniority levels
- Strong PowerPoint and Excel skills, including complex functions
- Fluent in English (written and spoken)

Nice to have

- Experience in corporate transformation programs
- Experience in highly complex, international environments
- Certifications in process improvement or program management (e.g. Lean Six Sigma, PMP, agile frameworks)
- Additional languages, in particular German, Spanish, Italian and French

What We Offer

- Opportunity to shape the transformation of one of the world's largest and most innovative insurance and asset management companies
- A global consulting environment with direct exposure to senior leadership and strategic decision making
- Career development through structured growth paths, mentoring and international mobility
- A competitive compensation package, with financial and non-financial benefits
- A diverse and inclusive culture that values your individuality and empowers you to thrive

We highly welcome candidates with a genuine interest and affinity for Information Technology (IT) and Generative Artificial Intelligence (GenAI), as these attributes are considered valuable assets to our team.

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.

We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural Internal 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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