Allianz

4 months ago

Product Development Actuary - IUL | Fully Onsite (Minneapolis, MN, US, 55416)

✓ Verified Job

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

Source: Company careers pageValidated by: Fursa AI

Last checked: 19 hours agoStatus: Live

Job Summary

Actuary lead for Indexed Universal Life product development, pricing, and strategy. You’ll model IUL mechanics, index crediting, and pricing using advanced actuarial techniques, set mortality/persistency/expense assumptions, ensure SNFL/7702/AG49 compliance, and collaborate with Investments, Underwriting, and Product teams to stay competitive and sustainable.

Location: Minneapolis

Workplace: Onsite

Employment Type: Full time

Job Function: Insurance & Actuarial

Key Responsibilities

•Design and refine IUL products, including index crediting strategies, cap/participation structures, multipliers, fixed account design, riders, and survivorship variations.
•Build, enhance, and validate pricing models using advanced actuarial techniques, ensuring accurate representation of product behavior.
•Set and maintain assumptions for mortality, persistency, expenses, funding patterns, rider use, and index crediting performance.
•Develop pricing strategies that balance regulatory expectations, risk management considerations, and competitive market needs.
•Incorporate SNFL, 7702 and AG 49 requirements into product and pricing models to ensure compliant and sustainable design parameters.

Pay and Benefits

Salary: USD 140,000 - 240,000 annually

Perks:Health InsuranceDentalVision401kPaid LeaveLife InsuranceRelocation

Key Requirements

•11+ years actuarial experience with background in life product development, including IUL.
•Four-year degree required in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
•Fellowship in the Society of Actuaries (FSA)
•Expertise with actuarial modeling platforms and pricing methodologies
•You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future.

Experience:11+ yearsActuarialLife insurance

Education:Bachelor's

Skills:CommunicationCollaborationProblem-solvingLeadership

Certifications:FSA

Tech Stack:Actuarial modeling platformsPricing methodologiesAI toolsGenerative AI

Eligibility

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

Website LinkedIn

Loading job details...

Preparing the role view and application actions.

Allianz

4 months ago

Product Development Actuary - IUL | Fully Onsite (Minneapolis, MN, US, 55416)

✓ Verified Job

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

Source: Company careers pageValidated by: Fursa AI

Last checked: 19 hours agoStatus: Live

Job Summary

Location: Minneapolis

Workplace: Onsite

Employment Type: Full time

Job Function: Insurance & Actuarial

Key Responsibilities

•Design and refine IUL products, including index crediting strategies, cap/participation structures, multipliers, fixed account design, riders, and survivorship variations.
•Build, enhance, and validate pricing models using advanced actuarial techniques, ensuring accurate representation of product behavior.
•Set and maintain assumptions for mortality, persistency, expenses, funding patterns, rider use, and index crediting performance.
•Develop pricing strategies that balance regulatory expectations, risk management considerations, and competitive market needs.
•Incorporate SNFL, 7702 and AG 49 requirements into product and pricing models to ensure compliant and sustainable design parameters.

Pay and Benefits

Salary: USD 140,000 - 240,000 annually

Perks:Health InsuranceDentalVision401kPaid LeaveLife InsuranceRelocation

Key Requirements

•11+ years actuarial experience with background in life product development, including IUL.
•Four-year degree required in Actuarial Science, Mathematics, Physics, Economics, Engineering, or related field
•Fellowship in the Society of Actuaries (FSA)
•Expertise with actuarial modeling platforms and pricing methodologies
•You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future.

Experience:11+ yearsActuarialLife insurance

Education:Bachelor's

Skills:CommunicationCollaborationProblem-solvingLeadership

Certifications:FSA

Tech Stack:Actuarial modeling platformsPricing methodologiesAI toolsGenerative AI

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Allianz

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

Website LinkedIn