Principal Actuarial Analyst - Reinsurance | Fully Onsite (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.

Join our newly established reinsurance function and make a difference in Actuarial, Finance, and Operations-Drive Innovation, Shape Strategies, and Contribute to Our Success in a Dynamic and Collaborative Environment! Explore opportunities at all levels across Actuarial, Finance, and Project Management. You will report to the Vice President of Reinsurance.

What you do:

• 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)

What you bring:

• 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. Experience programming in SQL, R preferred.

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

Job posting range: $112,001 - $134,000

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. 

This position is eligible for domestic relocation assistance.

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 is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer. For additional information regarding What It's Like To Work Here | Allianz Life .

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. 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. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. 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. We care for tomorrow. #LI-NL1