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Allianz Life · 1 day ago

Senior Actuary - Reinsurance | Fully Onsite

Minneapolis, MN

Full-time

Onsite

Senior Level, Lead/Staff

$196K/yr - $234K/yr

10+ years exp

Allianz Life is a trusted insurance and asset management company seeking a Senior Actuary in their newly established reinsurance function. The role involves providing thought leadership, technical expertise, and support in asset liability management, while collaborating with various teams to influence practices and support decision-making processes.

InsuranceLife InsuranceRetirement

No H1B

Responsibilities

Provide thought leadership, technical expertise and value-added support and guidance related to ALM initiative, include but not limit to SAA optimization, asset modeling, economic and required capital, scenario analysis, and financial planning

Liaison with Risk, Investment and Investment Accounting team, lead discussion in cross-functional WG on Asset/ALM issues and topics, influence via thought leadership, drive alignment and implement best practices/processes

Support peer review reinsurance pricing models, including actuarial assumptions, ALM strategies and modeling techniques. Support structuring reinsurance transactions and negotiations

Critically and logically build financial model on the fly to support decision making

Communicate effectively with the leaders across finance, risk, and investment, and actuarial, including the translation of technical topics to different audiences and providing clarity of the business impact and insights to inform decision

Contribute to special projects as requested

Utilization of artificial intelligence tools and resources (e.g. generative AI)

Qualification

FSAActuarial scienceALM expertiseFinancial modelingAnnuity product developmentArtificial intelligence toolsProject managementCommunication skillsAdaptability

Required

FSA required

4-year undergraduate degree required in Actuarial science, math, physics, economics, engineering, or related field

10+ year experience required in US life and annuity sector, strong with annuity

Subject matter expertise in ALM, with strong foundation in AAT, PBR and Economic Balance Sheet

Strong technical expertise and broad business acumen, with ability to manage multiple diverse projects simultaneously

High adaptability and agility in a dynamic environment, willingness to be available outside standard work hours when necessary

You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas

Preferred

Experience in annuity product development, financial modeling, Reinsurance is a plus

Benefits

Comprehensive medical, dental and vision plan options

Flexible spending and health savings accounts

Tuition reimbursement

Student loan retirement program

Generous annual paid leave

An outstanding 401(k) company match

Life insurance

Discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias

Company

Allianz Life

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Allianz Life Insurance Company of North America (Allianz Life®) has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions.

Founded in 1896

Minneapolis, Minnesota, USA

1001-5000 employees