Assistant Actuary | Hybrid

Allianz Insurance • Saint Louis Park, MN

2d • Hybrid

About The Position

Join a team of actuaries who are more than experts at just the numbers. As a member of the actuarial team at Allianz, you will participate and collaborate with a team of experts. We will look to you to continually bring concepts forward to improve our business across financial departments, Allianz Life, and the global financial services group of Allianz SE. Your initiative and ownership of projects will turn them from an idea into reality. At Allianz you will have the ability to build your own success. Success is driven by initiative and ownership. Challenging the status quo and improving the company are expected. Through a variety of fast paced challenges you will have the chance to impact the company and the industry. Allianz provides the opportunities to create successes from fast paced and high impact projects. Many opportunities are available in traditional actuarial roles: coordinate, prepare, and perform actuarial analyses to support the development of new products, pricing strategies, investment and hedging strategies, economic valuations, financial forecasts, reserve valuation, and evolving risk management. Our actuaries do much more than the traditional roles including: industry presentations, industry panels, and traveling with our marketing and sales departments. Success outside of the typical actuarial roles provides opportunities to further demonstrate leadership in the business.

Requirements

• To succeed in this position, you'll need 3+ experience in the actuarial field preferably within the Financial Service or Insurance industry, a four-year degree preferably in actuarial science or math, completion of an ASA working towards a FSA and proficiency in MS Office, spreadsheet and database applications.
• In addition, you should have excellent written/verbal communication skills and the ability to handle multiple deadlines.

Responsibilities

• Develops and manages projects, analyzes results and provides options and recommendations including: New product pricing models
• Product management tools and studies
• Business and related forecasts
• Implementation of new valuation methods
• Performs actuarial research supporting: Product pricing and development; Hedging and risk mitigation methods; valuations and insurance regulations
• Prepares financial reports and analysis, actuarial memos and responses in support of: New product research filings and rollouts
• Requests from external auditors, state regulators and rating agencies
• Parent company requests and requirements
• Perform experience studies and assist in development of pricing, projection or valuation assumptions
• May supervise other entry-level actuaries. Training and direction of other entry-level actuaries

Benefits

• 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 and dental plan options, a generous time off plan and an outstanding 401(k) company match.
• 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 welcomes, includes and celebrates diversity.
• Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees