Product Development Associate Actuary - IUL | Fully Onsite

Hiring Manager :

Casey Fyffe Recruiter :

Nick Lieser ( nick.lieser@allianzlife.com ) | Please notify me via email after you have applied online.

Pay Band:

7

Employee Referral Information:

Employee Referrals should be sent via email to the assigned recruiter for the role. Please include the job title, job reference code, and the referral's resume. Referrals must be position-specific or no referral award will be given.

Internal Background Check Information:

Allianz Life requires a criminal background check, credit check, and/or social media check as needed for all positions requiring securities registrations, officer level and above positions, and positions included in the Allianz Group Fit and Proper Policy. You will help lead the development, pricing, and strategic direction of Indexed Universal Life (IUL) products. Acts as one of our experts on IUL mechanics, index crediting structures, and actuarial modeling, ensuring products are competitive, sustainable, and aligned with business strategy. You will report to a credentialed senior leader on the Product Development team.

What you do:

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. You will develop pricing strategies that balance regulatory expectations, risk management considerations, and competitive market needs. Incorporate requirements related to Standard Nonforfeiture Law (SNFL), Sections 7702 and AG 49 into product and pricing models, ensuring compliant and sustainable design parameters. Conduct sensitivity testing, scenario modeling, and profitability analysis to evaluate product levers and support product positioning. Collaborate with Investments to assess the feasibility and sustainability of index strategies, including option‑budget and hedging considerations. Collaborate with Underwriting and Reinsurers to assess effectiveness and impacts of our underwriting practices Monitor IUL market trends to guide product mix strategy, identify innovation opportunities, and ensure products stay competitive. Partner with Product, Distribution, and Marketing to align product designs with customer needs and sales strategies. Mentor actuarial staff on modeling, pricing frameworks, and IUL concepts.. Utilization of artificial intelligence tools and resources (e.g. generative AI) What you bring: 8+ 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. Ability to translate technical modeling insights into clear product strategy recommendations. Experience applying SNFL, 7702, and AG 49 requirements within product design, modeling, and pricing frameworks. Experience with underwriting program analysis and assessing impacts to mortality trends Ability to work both independently and collaboratively, ensuring long‑term project success across cross‑functional teams. You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

What we offer:

At 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, generous 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 is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer. For additional information regarding What It's Like To Work Here | Allianz Life .