Reinsurance Analyst | Hybrid

Allianz Life; Minneapolis (MN); On-site; USD 69,000 - 104,000; Full time

Benefits offered by this job

Comprehensive benefits package

401(k) company match

Onsite health center

Paid leave

Job summary

Allianz Life is seeking a Reinsurance Administrator to support timely deliverables for the reinsurance team, collaborating with Product Development, Profitability Management, Finance, and External Reinsurers. The role reports to the Manager of Reinsurance Administration and involves processing reinsurance transactions, bill collection, and system oversight.

The position requires 0-3 years of relevant experience, a four-year degree in a related field, and proficiency with Excel, Access, and SQL.

Qualifications

• 0-3 years relevant experience, working directly for a life/annuity (re)insurance company, or consulting firm.
• Four year degree in Accounting, Finance, Actuarial Science or related field, or equivalent experience.
• Proficiency in MS Excel, Access, SQL

Responsibilities

• Identify and cede reinsurance transactions via reinsurance admin systems & manual processes
• Bill and collect from Reinsurers for routine to complex agreements
• Provide oversight and support of reinsurance administration systems for monthly processing
• Perform analysis of reinsurance activity for accounting and reporting
• Support reinsurance audits
• Drive process improvements within immediate team and Reinsurance department
• Participate in company-wide projects and initiatives as needed
• Determine requirements, communicate with development team, execute user acceptance testing for reinsurance administration systems
• Utilization of artificial intelligence tools and resources (e.g. generative AI)

Education

Bachelor's degree in Accounting/Finance/Actuarial Science

Tools

Excel

Access

SQL

Job description

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting equality in our communities.

What You Do

You will support timely and accurate deliverables of the reinsurance team / division. As part of this role you will collaborate with Product Development, Profitability Management, Finance and External Reinsurers to implement new reinsurance agreements and administer existing agreements. You will report to the Manager of Reinsurance Administration.

• Reinsurance Administration
  • Identify and cede reinsurance transactions via reinsurance admin systems & manual processes
  • Bill and collect from Reinsurers for routine to complex agreements
  • Provide oversight and support of reinsurance administration systems for monthly processing
• Reporting & Analysis
  • Perform analysis of reinsurance activity for accounting and reporting
  • Support reinsurance audits
• Projects & Initiatives
  • Drive process improvements within immediate team and Reinsurance department
  • Participate in company-wide projects and initiatives as needed
  • Determine requirements, communicate with development team, execute user acceptance testing for reinsurance administration systems
  • Utilization of artificial intelligence tools and resources (e.g. generative AI)

What You Bring

• 0-3 years relevant experience, working directly for a life/annuity (re)insurance company, or consulting firm
• Four year degree in Accounting, Finance, Actuarial Science or related field, or equivalent experience
• Proficiency in MS Excel, Access, SQL

Job posting range $69,000 - $103,500

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.

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.

104067 | Reinsurance | Professional | Allianz US Life | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

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.

Join us. Let's care for tomorrow.