Product Development Actuary - IUL | Fully Onsite
Allianz Life
Product Development Actuary - IUL | Fully Onsite
Minneapolis, Minnesota, United States · Onsite · Yesterday
Individual Life Protection
- Salary
- $140k - $240k
- Experience
- 11+ Years
Role Summary
Role type
Product and pricing partner to the business
Closer to a pricing and product partner than a modelling-heavy IC because strategic and cross-functional decisions matter as much as model construction.
Senior Life actuarial product development role in Minneapolis, Minnesota, focused on Indexed Universal Life (IUL). You will design and price products, set assumptions, model profitability and sensitivities, apply SNFL, 7702 and AG 49 requirements, and advise cross-functional partners. The role is fully onsite and offers a $140,000-$240,000 base salary range plus incentive eligibility.
Requirements
Must have
- Four-year degree in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
- US work authorization without requiring sponsorship
Strongly preferred
- 11+ years actuarial experience with background in life product development, including IUL
- Fellowship in the Society of Actuaries (FSA)
- Expertise with actuarial modeling platforms and pricing methodologies
- Ability to translate technical modeling insights into clear product strategy recommendations
- Experience applying SNFL, 7702, and AG 49 requirements within product design, modeling, and pricing frameworks
- Experience with underwriting program analysis and assessing impacts to mortality trends
- Ability to work both independently and collaboratively, ensuring long-term project success across cross-functional teams
Skills & Domain
DomainLife product development including IULIndexed Universal Life pricing and modelingStandard Nonforfeiture Law (SNFL) experienceSections 7702 and AG 49 complianceUnderwriting program analysis and mortality impact