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 societal equity.

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. You will work independently and as a team lead. You will also work in collaboration with experts across the company including asset management, asset-liability Management, capital, and actuarial (including reinsurance) to measure and analyze risk, and influence decisions on credit and counterparty risk tolerance, modeling of credit risk and asset allocations, and coordinate with the broader financial risk ecosystem.

This is a high-profile role, with exposure to executive management of the company locally and internationally. You will be a technical expert and will also lead development of the team and will manage others. You will report to the Senior Director Financial Risk.

What you do:

• Leadership & Management:
  • 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, ensuring professional development and effective teamwork.

• Model Development & Maintenance:
  • Build, maintain, and enhance financial, credit, and capital models for reporting and analysis, including statistical loss modeling and sensitivity testing to support management and the parent company.
  • Develop an approach to statistical analysis of credit and counterparty risk tolerance and co-develop of 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 (internal and reinsurer), risk review of asset allocations, and counterparty review.

• Strategic Evaluation & Support:
  • 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, counterparty analysis (including reinsurance), and responses to requests from external auditors, state regulators, and rating agencies.

• Cross-functional Communication:
  • Communicate risk results to cross-functional areas, including department personnel, internal and external asset managers, actuaries, and other financial professionals.

• Utilization of artificial intelligence tools and resources (e.g. generative AI).

What you bring:

• 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.

Range: $98,000 - $196,000Actual base salary may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program.

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 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.

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. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other characteristics protected under applicable laws and regulations.

Join us. Let's care for tomorrow. #LI-NL1

Nearest Major Market: Minneapolis