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Allianz is hiring an

Actuarial Associate

Associate Graduate Underwriter - Actuarial - Chicago

This is a once-in-a-career opportunity to kick start your career with on-the-job learning experience coupled with a structured development program at one of the world's strongest financial services groups and the leading global insurance brand in the world, Allianz Commercial.

About Allianz Commercial

Whether it's aircraft, satellites, the world's biggest ships and tallest buildings, cyber-attacks or climate change impacts, Allianz Commercial has the major risks covered. We also cover unique risks such as offshore wind parks, Hollywood film productions and music festivals. Powered by employees, financial strength, and global network, we work together to help our customers prepare for what's ahead. Our customers trust us for providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services as well as seamless claims handling.

About the Graduate Program

We are looking for Graduates who want to blaze new trails, disrupt the insurance industry and shape a better tomorrow. We care about your opportunities for advancement. Individual development, career mobility, and lifelong learning opportunities are available to all our employees worldwide.

During your first year of employment, you will participate in the Graduate Program which is a 12-month professional development program designed to attract, develop and retain the next generation of insurance professionals. The Program will support your growth as a well-rounded technical expert and potential future leader at Allianz Commercial.

We are seeking aspiring Actuarial Science Bachelor's graduates, or Mathematics/Statistics Bachelor's graduates with a focus on Actuarial Analyses, to join our fast-paced, customer-focused Finance Team.

The ideal candidate will be an intellectually curious, team-minded contributor. You will spend the first 12 months you are with us learning alongside a team of senior and experienced staff, participating in strategic projects, and grasping the basics of Finance and Actuarial Analyses in a corporate setting. As an Associate Graduate - Actuarial you will benefit from:

  • In-depth insurance knowledge through rotations across core Finance functions including Planning & Performance Management, Accounting/Financial Reporting, Treasury, Risk Management and Actuarial.
  • Performing a combination of both independent and team-driven tasks that may be regular, (e.g., monthly or quarterly) or project/ad hoc in nature.
  • On the job learning on efforts and deliverables that directly and influentially contribute to the Finance function's success on a team and departmental level.
  • Employment begins mid-July 2024 and the Program starts in early August of 2024
  • Time is split time between structured learning curriculum and on the job experiential learning
  • Opportunity to gain a broad base of industry knowledge, function specific expertise as well as personal and professional skills development
  • Ability to network with senior leaders, technical experts, customers, as well as other graduates and early career program participants globally
  • Hybrid working environment allowing you to collaborate with and learn from teammates
  • Access to an extensive array of Allianz Commercial professional development resources upon Program completion
  • Competitive compensation and benefits package

What You'll Bring To The Role

  • Bachelor's Degree in Actuarial or Mathematics/Statistics Bachelor's graduates with a focus on Actuarial Analyses
  • Relevant work experience: e.g., 1-2 years prior experience gained through internships, academic projects or employment
  • Passed at least two Actuarial exams (CAS or SOA)
  • Minimum GPA of 3.0 preferred
  • Degree path focus, mindset and/or aptitude for insurance
  • Strong interpersonal skills and the ability to develop and maintain professional relationships with colleagues, peers, managers and customers
  • Strong problem resolution and analytical skills as well as the ability to grasp and solve complex issues and present solutions to others effectively
  • Software proficiency: MS Excel, Word, PowerPoint
  • Proficiency in statistical/programming tools (e.g., R, Alteryx, Tableau, Python) is a plus

This job pays a salary $42800 - $73371 per year. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

What's in it for you?

Let's care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K.

Let's care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let's care for life's twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let's care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.

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