Staff Actuary

Ameriprise Financial; Minneapolis (MN); On-site; USD 107,000 - 147,000; Full time

Benefits offered by this job

Health, dental, and life insurance

401(k)

Vacation and sick time

Job summary

Ameriprise Financial in Minneapolis, MN seeks a Staff Actuary to join our Corporate Actuarial valuation team. You will perform actuarial, financial, and risk analyses and communicate results to leadership across the company.

You will oversee the UL/VUL GAAP reserve process, automate production and post-production analyses, and pursue ongoing professional development to maintain actuarial credentials. Collaboration with colleagues across functions and strong communication are essential as you

Qualifications

• Bachelor’s degree or equivalent (4-years) in Actuarial Science, Mathematics, Statistics, Data Science, or related fields.
• Introductory ASA exams completed as required
• 3 Advanced ASA exams or Requirements to complete

Responsibilities

• Play a major role on the team overseeing the UL/VUL GAAP reserve process by performing reserve calculations, conducting detailed analyses, and communicating insights to leadership and stakeholders across multiple functions.
• Automating production and post-production processes, including developing and maintaining analytical tools that support monthly reporting and explanations.
• Professional development to maintain Actuarial credentials.

Skills

Actuarial experience

Analytical skills

Communication skills

Problem solving

Education

Bachelor’s degree in Actuarial Science/Math/Stats/Data Science

ASA exams (Introductory)

ASA Exams (Advanced)

VEE coursework

Tools

Excel

Python

Power BI

SQL

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 DescriptionAmeriprise Financial has an exciting opportunity for a Staff Actuary to join the team! In this role you'll be part of our Corporate Actuarial valuation team responsible for developing, improving, operating, and documenting a variety of complex actuarial models. You'll perform actuarial, financial, and risk analysis, and communicate the results to others across the company. The Staff Actuary will serve as the subject matter expert in assigned projects and may have an expanded scope and responsibility within a project.Key ResponsibilitiesPlay a major role on the team overseeing the UL/VUL GAAP reserve process by performing reserve calculations, conducting detailed analyses, and effectively communicating insights to leadership and stakeholders across multiple functions.Automating production and post‑production processes, including developing and maintaining analytical tools that support monthly reporting and explanations.Professional development to maintain Actuarial credentials.Required Qualifications5-7 years of actuarial experienceAll Introductory ASA exams plus 3 Actuarial/Advanced ASA Exams or RequirementsValidation by Educational Experience (VEE) coursework completionBachelor’s degree or equivalent (4-years) in Actuarial Science, Mathematics, Statistics, Data Science, or related fields.Positive relationship and communication skills in working with colleagues.Strong analytical, quantitative, and problem-solving skillsPreferred QualificationsExperience with Excel, Python, Power BI, SQL and other database applications.Base Pay SalaryThe estimated base salary for this role is $107,000 - $147,100/ 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.