Assistant Actuary - Risk | Hybrid

Job Level:  Professional

Minneapolis, MN, US, 55416

Area of Expertise:  Risk Management
Unit:  Allianz US Life
Employing Entity:  Allianz Life Insurance Company
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  25762

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.




We're looking for an actuary to support our capital management function. This includes regulatory and rating agency requirements. The department if charged with reporting capital internally to our parent and to external partners. Also, you will own, develop and perform analysis on time-specific projection models and consult on our internal growth plans that impact capital. This requires collaboration with our asset management team, and reinsurance, financial reporting and many others. This high visibility role will be an important partner in major company projects.


You will have outsized exposure to our CRO, finance leadership and asset management teams. There is an expectation of collaboration with our credit risk team, financial risk team, and coordination to ensure there is consistent risk scenario modeling across the enterprise and with the parent. You will report to the Senior Director of Financial Risk.


What you do:

  • Manage projects, analyze results and provide options and recommendations including:
  • New product pricing models
  • Product management tools and studies
  • Business and related forecasts
  • Implement new valuation methods
  • Perform actuarial research supporting: Product pricing and development; Hedging and risk mitigation methods; valuations and insurance regulations
  • Prepare financial reports and analysis, actuarial memos and responses to support:
    • New product research filings and rollouts
    • Requests from external auditors, state regulators and rating agencies
    • Parent company requests and requirements
  • Perform experience studies and help develop pricing, projection or valuation assumptions
  • May manage other entry-level actuaries. Training and direction of other entry-level actuaries


What you bring:

  • 8-10 years’ experience required in Actuarial field
  • Four year degreed required in Actuarial Science, Math, Physics, Economics, Engineering, or related field
  • Achieved ASA working toward FSA


What we offer:

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of 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, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.


25762 | Risk Management | Professional | Non-Executive | Allianz US Life | 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. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.


Join us. Let's care for tomorrow. #LI-NL1

Nearest Major Market: Minneapolis