Staff Actuary

Posted 14 Days Ago
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Minneapolis, MN
105K-142K Annually
Senior level
Fintech
The Role
The Staff Actuary will develop, improve, and operate complex actuarial models, perform financial and risk analysis, and serve as the subject matter expert in assigned projects. Responsibilities include maintaining Insurance Stat reserve models, assisting with annual assumptions updates, and providing leadership to lower-level staff.
Summary Generated by Built In

Ameriprise Financial has an exciting opportunity for a Staff Actuary to join our team! This person will be responsible for developing, improving, operating, and documenting a variety of complex actuarial models. You will perform actuarial, financial, and risk analysis, including communication of results to others across the company. Additionally, you will serve as the subject matter expert in assigned projects and may have an expanded scope and responsibility within a project.

Key Responsibilities

  • Major contributor on the team responsible for the Insurance Statutory reserve for the company. This includes calculating, analyzing, and communicating results effectively to leaders and peers across various functional groups.
  • Heavily involved in maintaining and improving Insurance Stat reserve models through improvement of quarterly processes and creation of analytical tools.
  • Assist and help drive various projects, including year-end memorandum updates, annual assumption update exercise, etc. 
  • Build and present exhibits that assist with quarter-end and year-end reporting of Principle-Based Reserving (PBR) and non-PBR insurance business.
  • Professional development to maintain Actuarial credentials.
  • May provide people leadership to lower-level actuarial staff and/or actuarial intern(s).

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 MS Excel, MS Access, Prophet, Python, and SQL Server.
  • Thought leadership and ability to take high-level ideas to create the new and different.

About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 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.

Base Pay Salary

The estimated base salary for this role is $104,900 - $141,600/ 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.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Finance

Line of Business  

FIN Finance

Top Skills

Python
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The Company
Minneapolis, MN
16,649 Employees
On-site Workplace
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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