Quant Analytics Jobs in Minnesota (NOW HIRING)

ALLIANZ REINSURANCE OF AMERICA, INC.
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, 2025, AZRA had total admitted assets of USD $3.6 billion and policyholders' surplus of $265 million.
What you do:
Provide analytical support to the Quantitative Analytics function within Claims by developing, maintaining, and updating quantitative models, tools, and reports related to claims activity. This role focuses on lower-complexity modeling, preparatory analysis, and data organization, working under the direction of the Quantitative Analytics Manager and in partnership with Claims and Actuarial teams.
The position is designed to support scalability, improve turnaround times, and ensure consistency and accuracy of quantitative outputs, while allowing senior analytical resources to focus on the most complex and high-risk matters.
• Quantitative Modeling Support: Develop and update quantitative models in Microsoft Excel to support claims analysis, projections, and scenario evaluation. Perform lower-complexity modeling and assist with preparatory work for more complex analyses under the guidance of the Quantitative Analytics Manager. Update assumptions, inputs, and scenarios based on claim and market data as directed. Support reserve-related analyses in coordination with Actuarial and Claims teams.
• Tracking Tools & Allocation Support: Assist in building and maintaining settlement trackers, allocation calculators, and reporting tools. Gather and organize claim data to support policy allocations and claim tracking. Ensure tools are structured to be scalable and efficient as data volume increases.
Perform quality checks to validate accuracy and consistency of calculations.
• Reporting & Data Management: Support preparation of recurring reports related to claim payments, reserving activity, and remaining limits. Convert externally provided data into standardized internal formats. Assist with data preparation for leadership-facing analytics, including Business Review Meetings (BRMs) and other management reporting, as directed.
• Systems & Process Support: Assist with system enhancements, data imports/exports, and maintenance of analytical tools in Excel or Access. Support automation and efficiency initiatives led by the Quantitative Analytics Manager.

• Utilization of artificial intelligence tools and resources (e.g. generative AI)

What you bring:

• 2-3 years of experience required: Proven ability to work under guidance and supervision to create various formulas/macros in Excel, assessing large data sets, and forecasting futures based on trends.
• Four-year degree required: Mathematics, statistics, or actuarial science degrees preferred.
• 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.

Job posting range $80,000.00 - $119,000.00
Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.
96238 | Customer Services & Claims | 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. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.