Staff Actuary

Posted 10 Days Ago
Be an Early Applicant
Minneapolis, MN, USA
In-Office
107K-147K Annually
Senior level
Fintech
The Role
Staff Actuary supporting the Corporate Actuarial valuation team by overseeing UL/VUL GAAP reserves, performing reserve calculations and financial risk analyses, improving actuarial models, automating reporting processes, maintaining analytical tools, and communicating insights to leadership and stakeholders.
Summary Generated by Built In

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

Ameriprise 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 Responsibilities

  • Play 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 Qualifications

  • 5-7 years of actuarial experience
  • All Introductory ASA exams plus 3 Actuarial/Advanced ASA Exams or Requirements
  • Validation by Educational Experience (VEE) coursework completion
  • Bachelor’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 skills

Preferred Qualifications

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

Base Pay Salary

The 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-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.

Skills Required

  • 5-7 years of actuarial experience
  • All Introductory ASA exams plus 3 Actuarial/Advanced ASA Exams or Requirements
  • Validation by Educational Experience (VEE) coursework completion
  • Bachelor's degree or equivalent four-year degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related field
  • Positive relationship and communication skills when working with colleagues
  • Strong analytical, quantitative, and problem-solving skills
  • Experience with Excel, Python, Power BI, SQL, and other database applications

Ameriprise Financial Services, LLC Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Ameriprise Financial Services, LLC and has not been reviewed or approved by Ameriprise Financial Services, LLC.

  • Retirement Support Feedback suggests a 401(k) with company contributions and financial well‑being programs strengthens long‑term savings. Employee stock purchase access and planning subsidies further support retirement readiness.
  • Strong & Reliable Incentives Feedback suggests annual and long‑term performance incentives, alongside variable or commission components in advisor roles, can create meaningful upside for certain positions. Licensing support and bonus opportunities reinforce a performance‑linked pay mix.
  • Flexible Benefits Feedback suggests flexible work options, the ability to purchase extra vacation, and paid volunteer time provide adaptable benefits for different life needs. On‑site clinic and fitness resources at headquarters and wellbeing programs add convenient lifestyle support.

Ameriprise Financial Services, LLC Insights

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The Company
HQ: Minneapolis, MN
16,649 Employees
Year Founded: 1894

What We Do

Ameriprise Financial has helped millions of clients feel confident about their financial futures for more than 125 years. Our network of approximately 10,000 financial advisors* delivers personalized financial advice to help clients reach their goals. We believe that with the right advisor, the right advice, and the right firm, life can be brilliant. Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states. Learn how you can build your career at Ameriprise Financial. *Ameriprise Financial Q2 2020 Statistical Supplement All content on this page is provided for informational purposes only and should not be used as the sole basis for investment decisions. Ameriprise Financial cannot guarantee future financial results. Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of the entire amount invested. By clicking on a hyperlink, you may be directed to a non-Ameriprise website. Be aware that the linked site will be subject to rules, regulation, and privacy and security provisions that are separate, and may differ, from Ameriprise Financial. Investment advisory products and services are made available through Ameriprise Financial Services, LLC., a registered investment adviser.

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