Actuarial Associate

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.

About the Role

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.

Responsibilities

• Support the Corporate Actuarial group with a focus on analyzing GAAP and Statutory reserves for our insurance valuation business.
• Support initiatives to enhance the understanding of Long-Duration Targeted Improvements (LDTI).
• Provide technical analysis and support by developing, improving, operating and documenting various actuarial models with limited supervision.
• Prepare job-related reports, summarize and communicate results to middle management.
• Participate in projects within a well-defined scope and responsibility and perform actuarial modeling and analysis.
• Support the validation and development of business controls.
• Maintain professional development to keep Actuarial credentials current.

Requirements

• Bachelor's degree or equivalent (4 years).
• 3-5 years of relevant experience.
• All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or 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.

Schedule

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).

Pay

The estimated base salary for this role is $93,400 - $128,400 per 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.

Benefits

• Vacation time
• Sick time
• 401(k)
• Health, dental, and life insurance