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Allianz Life · 1 day ago

Principal Actuarial Analyst - Reinsurance | Fully Onsite

Minneapolis, MN

Full-time

Onsite

Senior Level, Lead/Staff

$112K/yr - $134K/yr

4+ years exp

Allianz Life is establishing a new reinsurance function, seeking to drive innovation and contribute to success in a collaborative environment. The Principal Actuarial Analyst will support reinsurance pricing models, enhance processes, and lead modeling and analysis for various projects.

InsuranceLife InsuranceRetirement

No H1B

Responsibilities

Support preparing reinsurance pricing models and performing analysis for flow and block reinsurance transactions

Enhance processes by developing and automating tools to be used at various stages of pricing and analysis

Perform sensitivity analysis and product feature testing; summarize and communicate findings in a precise and organized manner to the broader team

Support due diligence process including but not limited to actuarial appraisals, experience studies, seriatim data, etc. which contribute to the preparation of presentations and reports

Lead (or support) the modeling and analysis in more technical and complicated projects

Support reinsurance audit

Continuously challenge the status quo and stay abreast of regulatory changes that will affect reinsurance decision

Liaison with broader actuarial function, including but not limited to actuarial pricing, product development and valuation teams

Peer review team members’ work

Demonstrate a continued desire to learn and develop as a key member of the team

Other ad-hoc tasks as they arise

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

Qualification

Actuarial scienceReinsurance pricing modelsMS ExcelSQLR programmingAnnuity product developmentBroad business acumenPeer reviewUtilization of AI toolsHigh adaptabilityContinuous learning

Required

Four-year degree required in actuarial science, math, physics, economics, engineering, or related field

4+ SOA exams passed

4+ years relevant experience, working directly for a life/annuity (re)insurance company, or consulting firm

Proficiency in MS Excel, Access, VBA

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

Preferred

Experience programming in SQL, R preferred

Experience in annuity product development/pricing, AAT, PBR, is a plus

Experience in reinsurance preferred

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

Glassdoor4.1

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