Actuarial Associate

00001 Ameriprise Financial Inc; Minneapolis (MN); On-site; USD 93,000 - 128,000; Full time

Job summary

Ameriprise Financial is seeking an Actuarial Associate to apply analytical and modeling skills to support actuarial valuation activities. You will develop and enhance models, analyze and communicate results to management, and mentor juniors in a collaborative environment.

The role focuses on GAAP and statutory reserves, LDTI initiatives, and reporting to middle management, with a strong emphasis on independent work and career growth in a client-centric, in-office setting.

Qualifications

• 3-5 years relevant experience.
• All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement.
• Validation by Educational Experience (VEE) coursework completion.

Responsibilities

• Support the Corporate Actuarial group with GAAP and Statutory reserves analysis for insurance valuation.
• Support initiatives to enhance understanding of Long-Duration Targeted Improvements (LDTI).
• Develop, improve, operate and document actuarial models with limited supervision.

Skills

3-5 years experience

Strong communication

Independent worker

Education

Bachelor's degree or equivalent

Tools

MS Excel

SQL

Python

Power BI

Job description

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

Join Ameriprise Financial's Valuation team as an Actuarial Associate, where you'll apply your analytical and modeling skills to support key actuarial valuation activities. In this role, you'll develop and enhance actuarial models, analyze and communicate results to management, and help drive accurate business insights. You'll also have the opportunity to mentor junior team members and interns while continuing to grow your actuarial expertise in a collaborative environment.

Key Responsibilities

• This position will support the Corporate Actuarial group with a focus on analyzing GAAP and Statutory reserves for our insurance valuation business.
• In addition, the position will support initiatives to enhance the understanding of Long-Duration Targeted Improvements (LDTI).
• With limited supervision, provides technical analysis and support by developing, improving, operating and documenting various actuarial models.
• Prepares job related reports, summarizes and communicates results to middle management.
• Participates in projects within a well-defined scope and responsibility and performs actuarial modeling and analysis.
• Supports the validation and development of business controls.

Required Qualifications

• Bachelors degree or equivalent (4 years)
• 3-5 years relevant experience
• All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement.
• Validation by Educational Experience (VEE) coursework completion.
• 3 years of actuarial experience.
• Ability to work independently; self-starter.
• Strong written and verbal communication skills.
• Ability to build strong relationships.

Preferred Qualifications

• Experience with MS Excel, SQL, Python, Power BI, and other database applications

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Base Pay Salary

The estimated base salary for this role is $93,400 - $128,400 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

• vacation time
• sick time
• 401(k)
• health, dental and life insurances

Full-Time/Part-Time

Full time Exempt/Non-Exempt Exempt Job Family Group Finance Line of Business FIN Finance.

Equal Opportunity Employer

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Company Culture

Since 1894, Ameriprise Financial has helped people feel more confident about their financial future. Guided by strong values and a deep commitment to clients, we've remained a trusted leader in financial planning and advice for more than 130 years. Through our businesses, Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance & Annuities, we deliver advice, investment and protection solutions designed for long-term success. While each business brings distinct capabilities and expertise, all are united by our unwavering focus on clients and a strong financial foundation. For you, that means the opportunity to build a meaningful career in a high-performing, collaborative culture where your expertise can grow, your contributions are valued and your work can make a real impact. As a global financial services company with three complementary businesses, the breadth of our capabilities sets us apart. It also creates unique opportunities for employees to learn, collaborate and grow their careers:

• Ameriprise Financial: Financial planning, advice and wealth management.
• Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients.
• RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth.