Actuarial Associate

Ameriprise Financial Services, LLC • Minneapolis, MN

1d • Hybrid

About The Position

This role will provide critical support to the Annuity Product Development function of RiverSource. Primary responsibilities of this role include fixed renewal rate setting, supporting Structured annuity renewal rate setting, renewal rate implementation, maintaining & documenting SOX controls and providing various inforce crediting rate summaries for downstream usage.

Requirements

• Bachelors degree or equivalent experience
• All introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement Validation by Education 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
• 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).

Nice To Haves

• Bachelors degree with focus on Actuarial Science, Mathematics, Statistics, Data Science or related disciplines
• Experience with MS Excel, VBA, MS Access, and other database applications
• Previous experience with annuities
• Strong analytical, quantitative and problem-solving skills
• Strong technical skill set (Excel, VBA, Python, actuarial modeling software)

Responsibilities

• Serve as subject matter expert on renewal rate setting & summarizing and communicating results to middle management.
• Lead the implementation of renewal rates while maintaining proper controls and documentation for SOX purposes.
• Provide technical analysis and support by operating, improving and documenting tools used in renewal rate setting.
• Utilize strong problem solving skills to investigate current client crediting rates, historical crediting rates, product design, and historical rate actions.
• Identify and take active role in process improvements related to rate setting; cleaning up Access databases, converting process to Python, and converting processes to utilize Data Lake to support the decommissioning of FAM.
• Support ongoing reporting; summarize & communicate results of renewal rate setting to peers and middle management, tracking renewal demographics for Structured annuities, and communicating various summaries of inforce crediting rates for downstream usage.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level