At Allianz Life, we are guided 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.

What you doProvide strategic leadership and oversight for our Product/Actuarial function, including product development, innovation, implementation and overall responsibility for the financial strength of products, research, statistical services, filings, systems, actuarial methods and standards, and department procedures. Provide positive and engaging leadership across the organization and directly for employees of the Product/Actuarial function. Foster collaboration with Group Actuarial to ensure seamless coordination and understanding of our efforts. You will report into the CEO.

Product: Accountable for establishing competitive pricing, maintenance of reserves, and development of new products. Collaborate with second line of defense functions, (CRM) on product strategy and management

• Competitive Intelligence - Build and manage analysis supporting product benchmarking across each industry, responsible for identifying market trends and opportunities
• Product Strategy - Develop product strategy in consideration of company OKRs, manage a pipeline of product concepts and enhancements using connectivity and partnership with customer/fin pros to use feedback
• Product Go-to-Market - Manage the strategy and execution for bringing products to market, including managing the Product Development Lifecycle (PDCL) and being responsible for corporate readiness coordination, in partnership with other teams.
• Product implementation - Program management supporting the creating and implementation of product across all company partners, responsible for implementing the PDLC
• Actuarial Product Development - Design risk management strategies, achieving profitability targets consistent with actuarial standards of practice and driving the long-term growth and sustainability of the company by ensuring relevance and sustainability of product portfolio
• Product Illustrations - Responsible for new product illustration development, deployment, accuracy, and compliance with Illustration Actuary requirements.
  • Product Contract Group - Responsible for the drafting and development of product contracts and achieve regulatory approvals for product forms
• Product Administration System Configuration and Testing - Responsible for configuring administrative systems

Financial Reporting and Analysis: Provides development of actuarial related financial reports and statistical analysis to support continuing operations.

• Financial reporting and analysis across US Statutory and IFRS accounting basis
  • Actuarial Experience Analysis - Responsible for ongoing management of experience, supporting annual experience studies for actuarial assumptions
• Actuarial Modeling and Systems - Managing and maintaining financial models supporting accounting basis and management (including ALM)
• Profitability Management - Responsible for ongoing profitability management across all lines of business to ensure non-guaranteed elements of contracts are managed according to standards and processes following ASOPs and regulatory requirements
• ALM - Responsible for liability component of ALM, including model development and management for the ALM functions
• Hedge Strategy - Leader of the Hedge Manager, responsible for establishing hedge strategy, managing effectiveness and supporting operations delivery of hedge data to AIM
• System Testing - Responsible for testing operational systems (Calculon, etc.)

Reinsurance

• Reinsurance strategy - Establish and implement reinsurance roadmap to align to company OKRs. Manage reinsurance market trends, partnering with reinsurers, leading the Reinsurance Manager to use partnership and manage associated risks
• Inforce Reinsurance Management - Responsible for managing Inforce Reinsurance requirements to ensure compliance and goals are achieved

What you bring

• Four-year degree required in Actuarial Science, Math, Physics, Economics, Engineering, or related field
• 11+ years of Actuarial experience required in financial function at US insurance company or investment bank.
• People management skills with experience managing teams
• FSA, MAAA required

Base Salary Range: $400-$450kActual base salary may vary based on 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 offerAt 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, 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 diversity. Our benefits, campus amenities and inclusive, engaged culture are among the many reasons we're recognized as a top workplace employer.

| Actuarial | Management | Allianz Global Executive | Allianz US Life | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their goals, 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 and 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 ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us. Let's care for tomorrow.

Note: Diversity of minds is an important part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees throughout the company, Allianz entities and geographies. Therefore, we expect from its employees a general openness and to change positions and collect experiences across Allianz Group.

Nearest Major Market: Minneapolis