Associate Actuary-Risk | Hybrid

Allianz Life; Minneapolis (MN); Hybrid; USD 98,000 - 196,000; Full time

Job summary

A leading company in financial services is seeking an Associate Actuary-Risk to join their Corporate Risk Management team. This role involves leadership, model development, and strategic evaluation to support insurance risk management. The ideal candidate will have extensive experience in financial services, strong quantitative skills, and a commitment to collaboration and innovation.

Benefits

Comprehensive benefits

Supportive culture

Commitment to diversity and inclusion

Qualifications

• 8+ years in financial services or insurance with reinsurance experience.
• Strong quantitative risk management background.
• Ability to articulate risk quantitatively and qualitatively.

Responsibilities

• Lead and mentor the risk team for project success.
• Develop and maintain financial, credit, and capital models.
• Create scenario analyses for strategic asset allocations.

Skills

Quantitative risk management

Asset-liability management

Mathematics expertise

Programming skills

Relationship-building

Communication skills

Education

CFA or similar designation

Tools

SQL

Aladdin

PAM

PowerBI

Job description

Join to apply for the Associate Actuary-Risk | Hybrid role at Allianz Life

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We promote an inclusive culture where everyone has the opportunity to grow and be rewarded for success. We create products to help customers protect their families and pursue retirement goals. We also give back to our community and support sustainability and societal equity.

The Associate Actuary-Risk role is part of the Corporate Risk Management team, providing mathematical and technical support in insurance risk management, focusing on reinsurance, counterparty, and asset-related risks supporting insurance liabilities. You will work independently and lead projects, collaborating across departments including asset management, asset-liability management, capital, and actuarial teams to analyze and influence risk decisions. This high-profile role involves interaction with executive management and requires leadership skills, as you will manage and develop a team. Reporting to the Senior Director of Financial Risk, your responsibilities include:

1. Leadership & Management:
   • Lead and mentor the risk team to ensure project success and professional growth.
   • Promote innovative risk analysis practices and a collaborative environment.
2. Model Development & Maintenance:
   • Develop and maintain financial, credit, and capital models for reporting and analysis.
   • Conduct statistical analysis of credit and counterparty risk tolerances and develop risk limits.
   • Utilize industry-standard tools for asset and risk analytics, asset evaluation, and counterparty review.
3. Strategic Evaluation & Support:
   • Create scenario analyses for strategic asset allocations, investments, and reinsurance partners.
   • Prepare and lead financial risk and capital reporting, including ad hoc analyses and external communications.
4. Cross-functional Communication:
   • Communicate risk findings across departments and external partners.
   • Incorporate AI tools and resources in risk analysis.

Qualifications:

• 8+ years in financial services or insurance, with reinsurance or counterparty experience.
• Strong quantitative risk management and asset-liability management background.
• Mathematics expertise with programming skills (SQL, Aladdin, PAM, PowerBI).
• Ability to articulate risk quantitatively and qualitatively.
• Excellent relationship-building and communication skills.
• CFA or similar designation preferred.
• Legal authorization to work in the U.S. without sponsorship.

Salary range: $98,000 – $196,000, plus annual incentive. We offer comprehensive benefits, a supportive culture, and a commitment to diversity and inclusion. Join us and help shape a secure future for our customers and community.