Allianz Life Insurance

Principal Actuarial Analyst - Reinsurance | Fully Onsite

Allianz Life Insurance$112K — $134K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Four-year degree in actuarial science, math, physics, economics, engineering, or related field
  • 4+ SOA exams passed
  • 4+ years relevant experience in life/annuity (re)insurance or consulting
  • Proficiency in MS Excel, Access, VBA; experience in SQL, R preferred
  • Experience in annuity product development/pricing or reinsurance preferred

Responsibilities

  • Support preparing reinsurance pricing models and performing analysis for transactions
  • Enhance processes by developing and automating pricing and analysis tools
  • Perform sensitivity analysis and product feature testing; communicate findings
  • Support due diligence processes with actuarial appraisals and experience studies
  • Lead or support modeling and analysis for complex projects
  • Support reinsurance audits
  • Continuously challenge the status quo and monitor regulatory changes
  • Liaise with actuarial pricing, product development, and valuation teams
  • Peer review team members' work
  • Utilize AI tools and resources for projects

Benefits

  • Comprehensive medical, dental, and vision plan options
  • Flexible spending and health savings accounts
  • Tuition reimbursement and student loan retirement program
  • Generous annual paid leave
  • Outstanding 401(k) company match
  • Access to an award-winning campus with various amenities
  • Involvement in Employee Resource Groups promoting inclusion and culture
Full Job Description
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.

About Allianz Life Insurance

Allianz Life Insurance Company of North America is a leading provider of retirement solutions, including fixed and variable annuities and life insurance for individuals. The company is part of Allianz SE, a global financial services company that is headquartered in Munich, Germany. Allianz Life Insurance Company of North America was founded in 1896 and has been providing financial protection and retirement solutions to Americans for over 125 years. The company has a strong commitment to corporate responsibility and sustainability, and has been recognized for its efforts in these areas. Allianz Life Insurance Company of North America is a subsidiary of Allianz Life Insurance Company of New York, which is a wholly owned subsidiary of Allianz SE.
Learn more about Allianz Life Insurance
Size
142,460 employees
Industry
Founded
1890
NASDAQ

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