Product Development Associate Actuary - IUL | Fully Onsite
Allianz Insurance
Product Development Associate Actuary - IUL | Fully Onsite
Saint Louis Park, Minnesota, United States · Onsite · 2d ago
- Salary
- $100k - $200k
- Experience
- 8+ Years
Role Summary
Role type
Modelling-heavy product specialist
Closer to a modelling-heavy individual-contributor role than a pricing-underwriting partner role because model and product design ownership outweighs live deal support.
Titled below the requirements. The Associate title sits below the stated FSA, 8+ years, expert modeling, mentoring, and strategic product-leadership requirements.
Senior-level Life actuarial product development role in Saint Louis Park, Minnesota, focused on Individual Life IUL products. You will design products, build and validate pricing models, set assumptions, assess profitability and regulatory requirements, and partner with Investments, Underwriting, Reinsurers, Product, Distribution, and Marketing. The role is fully onsite and requires 8+ years of experience and an FSA.
Requirements
Must have
- 8+ years actuarial experience, including life product development with IUL
- Four-year degree in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
- Legally authorized to work in the U.S. without immigration sponsorship now or in the future
Strongly preferred
- Fellowship in the Society of Actuaries (FSA)
- Expertise with actuarial modeling platforms and pricing methodologies
- Experience applying SNFL, 7702, and AG 49 requirements in product design and pricing
- Experience with underwriting program analysis and assessing mortality impacts
- Ability to translate technical modeling insights into product strategy recommendations
- Ability to work independently and collaboratively across cross-functional teams
- Utilize AI tools and resources (e.g., generative AI)