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Product Development Associate Actuary - IUL | Fully Onsite

Allianz Life

Life/Insurer/IC Level

Product Development Associate Actuary - IUL | Fully Onsite

Allianz Life

Minneapolis, Minnesota, United States · Onsite · 2d ago

Salary
$100k - $200k
Experience
8+ Years

Role Summary

Role type

Model-owning senior individual contributor

Closer to a modelling-heavy IC than an underwriting partner because product design, assumptions and model validation outweigh live deal support.

Senior Life actuarial product development role in Minneapolis, Minnesota, focused on Individual Life Protection through Indexed Universal Life (IUL). You will design and price IUL products, set assumptions, test profitability, apply SNFL, 7702 and AG 49 requirements, and advise cross-functional partners. The position is fully onsite and requires 8+ years of experience and an FSA.

Requirements

Must have

  • Four-year degree in Actuarial Science, Mathematics, Physics, Economics, Engineering or related field
  • Must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future

Strongly preferred

  • 8+ years of actuarial experience 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 product strategy recommendations
  • Experience applying SNFL, 7702, and AG 49 requirements in product design and pricing
  • Experience with underwriting program analysis and assessing impacts to mortality trends
  • Ability to work independently and collaboratively across cross-functional teams

Skills & Domain

DomainIndexed Universal Life (IUL) product designApplication of SNFL, 7702, and AG 49 in product designUnderwriting program analysis and mortality trend impactsAssumption setting for mortality, persistency, expensesPricing model development and validation