Actuary | Remote - Minneapolis, MN, US, 55416

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance.

AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities. AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated “AA-“by Standard & Poor’s. As of December 31, 2022, AZRA had total admitted assets of USD $2.3 billion and policyholders’ surplus of $232 million.


What you do:

Operating under general direction, this roles is accountable for performing technical analysis related to a range of activities including run-off, reinsurance, capital management and driving our mission of understanding risk and creating value. This role supports Senior Underwriters in developments of opinions based on analyses performed.

  • Analysis & Opinion Development:
    • Complete analysis of loss portfolio transfers and reinsurance treaty submissions and support development of technical opinion.
    • Evaluate market trends and technical aspects for P&C business with specific focus on prospective reinsurance.
    • Perform commutation evaluation for both ceded and assumed reinsurance.
    • Conduct transaction pricing and structuring including cross functional input e.g. claims, actuarial.
    • Support maintenance of internal actuarial and underwriting tools.
  • Due Diligence:
    • Provide due diligence and underwriting support for other entities within Allianz SE.
    • Conduct due diligence and file reviews at counter-party locations.
  • Partner Coordination:
    • Drive alignment of Capital and Accounting treatment with finance.
    • Coordinate technical analysis within global underwriting function.


What you bring:

  • 6-7 years of experience required; Insurance/Reinsurance related companies, particularly in an underwriting, finance or transactions related role.
  • Four-year degree required in Actuarial Sciences, Mathematics, Finance, Economics, Engineering or equivalent work experience.
  • FCAS accreditation preferred.
  • Experience in the US Workers comp, General Liability, Construction Defect, Professional Liability, Asbestos, Pollution, Health Hazards and/or Property exposures preferred.


Job may require periods of stooping, bending, sitting or standing.  Limited domestic and/or international travel may occur.



Base Salary Range $122,000 - $185,000 

Actual base salary may vary based upon 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. 




44310 | Underwriting | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent

What we offer:

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, 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, to grow and to 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.


Great to have you on board.  We care for tomorrow


Job Profile


North America


United States


Annual incentive program


Actuarial Sciences Analysis Economics Finance Mathematics Underwriting

  • Due diligence
  • Opinion development
  • Partner coordination
  • Technical Analysis

6-7 years


Actuarial Sciences Economics Engineering Finance Mathematics




Limited domestic and/or international travel


America/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9