Actuarial Associate

Jambalaya Group; Minneapolis (MN); Hybrid; USD 93,000 - 128,000; Full time

Benefits offered by this job

Health insurance

401(k) plan

Paid time off

Job summary

Ameriprise Financial’s Valuation team seeks an Actuarial Associate to develop and enhance actuarial models, analyze results for management, and mentor junior staff in a collaborative environment. You will support GAAP and Statutory reserves analysis and contribute to understanding Long-Duration Targeted Improvements (LDTI), with opportunities for growth.

The role emphasizes strong communication and in-office collaboration.

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.
• 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

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.
• Professional development to maintain Actuarial credentials

Skills

Excel

SQL

Python

Power BI

Education

Bachelor's degree

VEE coursework

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.

• Professional development to maintain Actuarial credentials

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.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Finance

Line of Business

FIN Finance

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.