Principal Actuarial Analyst - Profitability Management | Hybrid (Minneapolis, MN, US, 55416)

Allianz
Minneapolis
Workplace: HybridFull timeUSD 69,000 - 138,000Function: Insurance & ActuarialExperience: 4+ yearsEducation: bachelorsSkills: []

Research and prepare actuarial analyses to support new business and in-force pricing, rate setting, and profitability management for indexed universal life and fixed indexed annuity products. Develop and maintain pricing models, perform credited-rate and cap/spread analyses, evaluate hedging costs and profitability impacts, and communicate recommendations to product development, hedging, finance, distribution partners, and other actuaries. Utilize AI tools to support work.

Loading

Loading job details...

Preparing the role view and application actions.

FursaFursa
Allianz
Allianz
1 week ago

Principal Actuarial Analyst - Profitability Management | Hybrid (Minneapolis, MN, US, 55416)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 22 hours agoStatus: Live

Job Summary

Research and prepare actuarial analyses to support new business and in-force pricing, rate setting, and profitability management for indexed universal life and fixed indexed annuity products. Develop and maintain pricing models, perform credited-rate and cap/spread analyses, evaluate hedging costs and profitability impacts, and communicate recommendations to product development, hedging, finance, distribution partners, and other actuaries. Utilize AI tools to support work.
Location: Minneapolis
Workplace: Hybrid
Employment Type: Full time
Job Function: Insurance & Actuarial
Seniority: Mid level

Key Responsibilities

  • •Research and prepare actuarial analyses to support new business and in-force pricing, rate setting, and profitability management for IUL, FIA, and RILA products.
  • •Develop and maintain pricing models across indexed product lines, ensuring assumptions reflect current experience and market conditions.
  • •Perform rate setting analyses including credited rate strategies, cap/participation determination, spread targets, and index account option pricing.
  • •Evaluate hedging costs and their impact on product profitability and pricing margins.
  • •Communicate actuarial pricing results and profitability insights to cross-functional partners, and conduct actuarial research on pricing methodologies, industry trends, and profitability drivers.

Pay and Benefits

Salary: USD 69,000 - 138,000
Perks:Health InsuranceDentalVision401kLife InsurancePaid Leave

Key Requirements

  • •4+ years of experience in the life insurance and/or annuity industry with direct experience in product pricing, rate setting, or profitability analysis (including indexed products like IUL, FIA, or RILA).
  • •Developing or maintaining pricing models and setting credited rates or index parameters.
  • •Analyzing the relationship between hedging costs and product margins.
  • •Four-year degree in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field.
  • •Completed a minimum of 5 SOA Exams.
Experience:4+ yearsLife insuranceAnnuityIndexed products
Education:Bachelor's in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
Certifications:SOA Exams
Tech Stack:Artificial intelligenceGenerative AI

Eligibility

Visa:H-1BH4L-1L-2TNOPTCPT
Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Allianz
Global insurance and financial services group offering property-casualty insurance, life and health insurance, asset management, and corporate risk solutions to individuals, businesses, and institutions across more than 70 countries.
Industry: Insurance
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Munich, Germany
Founded: 1890
WebsiteLinkedIn