Underwriter Senior - Actuary | Remote (Minneapolis)

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

ALLIANZ REINSURANCE OF AMERICA, INC.

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance. AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities.

AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated AA- by Standard & Poor's. As of December 31, 2025, AZRA had total admitted assets of USD $3.6 billion and policyholders' surplus of $265 million.

Operating independently and under general direction, this roles is accountable for performing technical analysis and developing opinions related to a range of activities including run-off, reinsurance, capital management and driving our mission of understanding risk and creating value. May provide general direction and guidance to more junior underwriters.

What you do:

Analysis & Opinion Development:

• Complete analysis of loss portfolio transfers and reinsurance treaty submissions and provide technical opinion

• Evaluate market trends and technical aspects for P&C business with specific focus on prospective reinsurance

• Perform commutation evaluation for both ceded and assumed reinsurance

• Review contract terms to ensure risks are appropriately controlled

• Conduct transaction pricing and structuring including cross functional input e.g. claims, actuarial

• Support maintenance of internal actuarial and underwriting tools.

Due Diligence:

• Provide due diligence and underwriting support for other entities within Allianz SE

• Conduct due diligence and file reviews at counter-party locations

 Industry & Partner Coordination:

• Attend meetings with brokers and clients to discuss reinsurance submissions

• Drive alignment of Capital and Accounting treatment with finance

• Coordinate technical analysis within global underwriting function

• Support accounting and reserving functions by providing pricing and underwriting information

• Attend industry conferences and meetings

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

What you bring:

• 11+ years of experience required; Insurance/Reinsurance related companies, particularly in an underwriting, finance or transactions related role.
• Four-year degree required; Actuarial Sciences, Mathematics, Finance, Economics, engineering or equivalent relevant work experience.
• FCAS accreditation preferred.
• You must be legally authorized to work in the U.S. and will not require immigration sponsorship for visa status now or in the future (e.g. H1-B, L-1, TN, etc). If you are currently on CPT/OPT, you are ineligible due to the need for future immigration sponsorship.

Job posting range $169,200.00 - $253,800.00 

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.

103749 | Underwriting | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent

What we offer:

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 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.