Actuarial Associate

Ameriprise Financial; Minneapolis (MN); Hybrid; USD 93,000 - 128,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Life insurance

401(k)

Job summary

Ameriprise Financial's Valuation team is seeking an Actuarial Associate to apply analytical and modeling skills to support GAAP and statutory reserves for our insurance valuation business.

You will develop and enhance actuarial models, analyze results for management, and help mentor junior team members and interns in a collaborative in-office environment with some remote flexibility.

Qualifications

• Bachelor's degree or equivalent (4 years).
• 3-5 years relevant experience.
• All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement.
• VEE coursework completion.

Responsibilities

• Supports GAAP and Statutory reserves analyses for insurance valuation.
• Develops and enhances actuarial models.
• Prepares job-related reports and summarizes results for management.
• Participates in projects within a defined scope and performs actuarial modeling and analysis.
• Supports validation and development of business controls.

Skills

Actuarial modeling

Analytical skills

Written and verbal communication

Self-starter

Mentoring

Education

Bachelor's degree or equivalent

3-5 years relevant experience

Introductory ASA exams

Advanced ASA exam or requirement

VEE coursework

Tools

MS Excel

SQL

Python

Power BI

Job description

About Our CompanyWe’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 DescriptionJoin 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 ResponsibilitiesThis 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.Professional development to maintain Actuarial credentialsRequired QualificationsBachelors degree or equivalent (4 years)3-5 years relevant experienceAll 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 relationshipsPreferred QualificationsExperience with MS Excel, SQL, Python, Power BI, and other database applicationsIn-Office CollaborationWe 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 SponsorshipApplicants 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 SalaryThe 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.Full-Time/Part-TimeFull timeExempt/Non-ExemptExemptJob Family GroupFinanceLine of BusinessFIN FinanceAmeriprise 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.