Staff Actuary

Posted Yesterday
Be an Early Applicant
Minneapolis, MN, USA
In-Office
107K-147K Annually
Mid level
Fintech
The Role
The Staff Actuary will develop and maintain actuarial models for financial and risk analysis, drive improvements in modeling processes, and collaborate with cross-functional teams to deliver accurate reports and insights.
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 is seeking a Staff Actuary to join our Corporate Actuarial Modeling team and help drive critical business insights. In this role, you’ll develop, enhance, and maintain advanced actuarial models that support financial and risk analysis across the organization. You’ll translate complex results into clear, actionable insights for cross-functional partners. This position offers the opportunity to serve as a subject matter expert on key initiatives with growing scope and impact. It’s an ideal role for an actuary who enjoys combining technical modeling with real-world business influence.

Key Responsibilities

  • Develop, maintain, and enhance actuarial models used for financial and risk reporting, ensuring accuracy, efficiency, and alignment with business requirements.

  • Support ongoing reporting processes by delivering timely and accurate results, performing peer reviews, and implementing model updates for assumption changes and other enhancements.

  • Contribute to model development initiatives, including building new functionality, validating results, and ensuring models meet internal standards for testing, documentation, and governance.

  • Drive continuous improvement in modeling processes through optimization, standardization, and increased automation of workflows and reporting outputs.

  • Collaborate with cross-functional teams to ensure models appropriately reflect product features and reporting needs, while communicating progress and results effectively to stakeholders.

  • Professional development to maintain Actuarial credentials.

Required Qualifications

  • 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.

  • 5-7 years of relevant experience, 4+ years of actuarial experience

  • Positive relationship and communication skills in working with colleagues.

  • Strong analytical, quantitative, and problem-solving skills

Preferred Qualifications

  • Experience with Prophet Professional or Prophet Enterprise

  • Experience with MS Excel, VBA, Python, and 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 $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

  • 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
  • 5-7 years of relevant experience, 4+ years of actuarial experience
  • Positive relationship and communication skills in working with colleagues
  • Strong analytical, quantitative, and problem-solving skills

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
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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