Assistant/Associate Actuary - Capital Risk | Hybrid

Allianz Life; Minneapolis (MN); On-site; USD 82,000 - 200,000; Full time

Benefits offered by this job

Comprehensive medical, dental and vision plan options

Flexible spending and health savings accounts

Tuition reimbursement

Student loan retirement program

Generous annual paid leave

Outstanding 401(k) company match

Life insurance

Onsite health and fitness facilities

Employee Resource Groups

Job summary

Allianz Life in Minneapolis is seeking an experienced actuarial professional for a strategic role focused on capital management and optimization. Candidates should have over 8 years of experience in actuarial fields and hold a Bachelor's degree in a quantitative discipline, with an ASA designation. Responsibilities include overseeing capital reporting and providing strategic advice to senior leadership. The role includes benefits such as medical coverage and a generous 401(k) match.

Qualifications

• 8+ years of experience in actuarial field focusing on capital, risk, or financial modeling.
• ASA designation required; working toward FSA.
• Experience as a strategic partner to senior leaders.

Responsibilities

• Oversee capital reporting for regulatory requirements and rating agencies.
• Analyze capital impacts of corporate strategies and plans.
• Lead cross-functional capital projects across the organization.

Skills

Actuarial modeling

Capital management

Risk analysis

Financial modeling

Collaboration

Complex topic explanation

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering or related

Job description

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

Job Posting Range

• Assistant: $82,000 - $164,000
• Associate: $100,000 - $200,000

Relocation Assistance

This position is eligible for domestic relocation assistance.

Benefits

• 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
• Outstanding 401(k) company match
• Life insurance
• Onsite health center, child development center, fitness facility, convenience store and cafeterias
• Employee Resource Groups and inclusive culture initiatives
• Annual incentive program eligibility

If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and 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.

Equal Opportunity & EEO Statement

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.