Assistant/Associate Actuary - Capital Risk | Hybrid

Actuary Position

We're looking for an actuary to support our capital management function. Capital includes regulatory and rating agency and requires calculation, support and optimization. Capital is reported on a regular basis internally to executives, to the parent, as well as to external stakeholders. The capital function is also integrated, and often drives, strategic projects to ensure adequate company capitalization and the ability to hit key Group level financial metrics. This means the development and analysis of robust projection models and consulting with senior leaders on internal growth plans that impact capital. We ask that you have strong collaboration with asset management, reinsurance, financial reporting, FP&A, accounting and many others. This high visibility role is an important partner in major company projects.

You will have outsized exposure to the executive leadership team, CRO, and other leaders across the company. There is also an expectation of collaboration within risk, including the credit risk team and financial risk team to ensure consistent risk scenario modeling across the enterprise and with the parent. You will report to the AVP, Actuary, in Corporate Risk.

What You Do:

• Oversee and maintain capital reporting for regulatory requirements and rating agencies, including preparation, review, and explanation of results for all partners
• Analyze and manage capital impacts of corporate strategies, plans, and structural changes to influence our capital position over time
• Be a strategic advisor to senior leadership, providing recommendations on capital efficiency, optimization opportunities, and tradeoffs
• Lead on cross-functional capital projects across the organization, partnering with:
• CFO organization and FP&A
• CRO and Risk Management
• Asset & Investment Management (AIM)
• Tax and Accounting
• Reinsurance and external partners
• Develop, enhance, and govern capital projection models used for internal management, regulatory filings, and rating agency submissions
• Transform and improve capital processes, including automation, data integration, and control enhancements (e.g., migration from Excel-based processes to SQL or other scalable platforms)
• Execute capital efficiencies and optimization opportunities, building partner alignment and gaining support to implement solutions
• Present capital analysis, executive summaries, and actuarial memoranda
• Collaborate with enterprise risk teams to ensure consistent stress testing, scenario modeling, and assumptions across risk and capital frameworks
• Lead projects to simplify legal entity structures and other balance-sheet-related initiatives while navigating complex, cross-disciplinary topics
• May provide technical guidance, or oversight to junior actuarial or analytical staff

What You Bring:

• 8+ years of experience in the actuarial field, with a focus on capital, risk, or financial modeling
• Bachelor's degree required in Actuarial Science, Mathematics, Statistics, Economics, Engineering, or a related quantitative field
• ASA designation required; working toward FSA
• Experience operating beyond pure reporting, being a strategic partner to senior leaders
• Experience influencing outcomes through collaboration across finance, risk, and investment teams
• Ability to explain complex capital topics to non-technical audiences

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.

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.

Great to have you on board. We care for tomorrow.