Allianz Life Insurance

Underwriter Senior - Actuary | Remote

Allianz Life Insurance$169K — $253K *
US-AnywhereRemote in Minneapolis, MN
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • 11+ years of experience in insurance or reinsurance, focusing on underwriting, finance, or transactions.
  • Four-year degree in Actuarial Sciences, Mathematics, Finance, Economics, Engineering, or equivalent work experience.
  • FCAS accreditation preferred.
  • Ability to legally work in the U.S. without requiring visa sponsorship.
  • Strong analytical and technical skillset required.

Responsibilities

  • Conduct detailed analysis of loss portfolio transfers and reinsurance treaty submissions to provide technical opinions.
  • Evaluate market trends for property and casualty (P&C) business, emphasizing prospective reinsurance.
  • Perform commutation evaluations for ceded and assumed reinsurance.
  • Review contract terms to ensure adequate risk control measures are in place.
  • Execute transaction pricing and structuring, integrating insights from claims and actuarial teams.
  • Support internal actuarial and underwriting tool maintenance.
  • Facilitate due diligence and underwriting support for Allianz SE entities.

Benefits

  • Participation in an annual incentive program.
  • Comprehensive benefits package including health, dental, and retirement plans.
  • Support for continued professional development and education.
Full Job Description
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

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

Similar Jobs

More Jobs at Allianz Life Insurance

More Finance & Insurance Jobs

Find similar Underwriter Senior - Actuary | Remote jobs: