Director, Managing Actuary | Hybrid (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.

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 equality in our communities.

As Director, Managing Actuary, you will provide strategic guidance to senior management in the Actuarial and CRM departments on complex actuarial matters. Your role will focus on overseeing the Actuarial Modeling and Application Development Functions. The Actuarial Modeling function is responsible for developing and maintaining financial cash flow models used for IFRS and statutory reporting, as well as business function models for asset-liability management, cash flow testing, and capital management. Concurrently, the Application Development function develops and supports web-based technologies that enhance the efficiency and effectiveness of Actuarial Financial Reporting processes.

In this pivotal position, you will drive technological advancement within the Actuarial department, ensuring alignment with industry best practices and fostering ongoing modernization. Your efforts will be crucial in integrating cutting-edge technologies, including artificial intelligence and machine learning, to optimize actuarial processes and outcomes. Leveraging AI will enable enhanced data analysis, predictive modeling, and decision-making capabilities, further elevating the department's performance and efficiency. You will report directly to the AVP Actuary of the Modeling & Systems team, collaborating closely to achieve strategic objectives and deliver exceptional results.

The ideal candidate will be a forward-thinking visionary, tasked with shaping the future of technology within the Modeling and Systems function that support Actuarial operations. You will be responsible for creating strategic plans and setting ambitious goals for the integration and utilization of emerging technologies and best practices to advance our Actuarial technology landscape. Your ability to understand and leverage cutting-edge innovations will be key to driving progress and efficiency in our processes.

What you do:

• Develop strategic initiatives and establish ambitious objectives for incorporating and utilizing emerging technologies and best practices to enhance the Actuarial technology framework.
• Identify and apply cutting-edge innovations to enhance progress and efficiency in Actuarial processes, ensuring the department maintains a leading position in industry advancements.
• Guide the Actuarial Modeling Function, focusing on financial statement modeling, IFRS and STAT reporting, and business function modeling.
• Oversee the Application Development Function, supporting technology that enhances the Actuarial capabilities and promotes comprehensive technology ecosystem ownership.
• Leverage AI and machine learning for enhanced data analysis, predictive modeling, and decision-making capabilities.
• Manage, train, and/or direct the work of other Actuaries and technology professionals, providing employee and career development.
• Engage with various stakeholders to communicate the value and impact of technological advancements and foster a culture of continuous improvement and modernization within the department.
• Utilize artificial intelligence tools and resources (e.g. generative AI).

What you bring:

• 11+ years' experience required in Actuarial field with some experience manage teams
• Four-year degree required in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
• Achieved FSA
• 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.

Range: $120,000 - $240,000

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.

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 .

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 race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other characteristics protected under applicable laws and regulations.

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