Associate Actuary-Risk, Allianz

Allianz

Location:
United States, Minneapolis

Category:
Finance

Contract Type:
Employment contract

Salary:

98000.00 - 196000.00 USD / Year

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Job Description:

The Associate Actuary-Risk role is a member of the Corporate Risk Management organization providing mathematical and technical support in the risk management of insurance products. The focus is on reinsurance, counterparty and the risk of assets supporting insurance liabilities. This role includes leadership responsibilities, model development, strategic evaluation, and cross-functional communication to influence corporate decisions and improve financial risk controls.

Job Responsibility:

Lead a team, providing guidance, mentorship, and support to ensure the successful execution of projects and achievement of organizational goals
Serve as an expert in the evolution of risk analysis practice and application for our organization, promoting a collaborative and innovative environment
Train, mentor, and provide direction to members of the risk team, including risk analysts
Build, maintain, and enhance financial, credit, and capital models for reporting and analysis, including statistical loss modeling and sensitivity testing
Develop an approach to statistical analysis of credit and counterparty risk tolerance and co-develop risk limits for the portfolio
Use industry standard tools to perform detailed analytics of the asset portfolio and risks contained, evaluate assets against investment guidelines, and perform risk review of asset allocations
Develop and maintain scenario analysis to evaluate alternative Strategic Asset Allocations (SAA), new investments, asset managers, asset classes, and reinsurance counterparties
Prepare and independently lead the preparation of financial risk and capital reports, memorandums, and other risk-supporting analyses, including regular credit reporting, ad hoc analyses, and responses to requests from external auditors, state regulators, and rating agencies
Communicate risk results to cross-functional areas, including internal and external asset managers, actuaries, and financial professionals.

Requirements:

8+ years’ of experience in the financial services or insurance industry with Reinsurance and/or counterparty experience
Quantitative risk management and/or asset-liability management
Background in mathematics including strong programming ability
Deep understanding of statistical modeling, applicable to assets and counterparties
Build and direct model build efforts, including expertise in data governance and model controls
Tools: SQL, Aladdin, PAM, PowerBI
Experience expressing risk in quantitative and qualitative aspects
Strong relationship building experience and ability to communicate across multiple business functions
CFA designation or similar 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.

Nice to have:

CFA designation or similar preferred
Experience with artificial intelligence tools and resources (e.g., generative AI).

What we offer:

Comprehensive medical, dental and vision plan options
Flexible spending and health savings accounts
Tuition reimbursement
Student loan retirement program
Generous annual paid leave
401(k) company match
Life insurance
Onsite health center
Child development center
Fitness facility
Convenience store
Onsite cafeterias
Employee Resource Groups supporting diversity and inclusion.

Additional Information:

Job Posted:
May 09, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Associate Actuary-Risk