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Actuarial Associate Jobs in Minnesota (NOW HIRING)

Tokio Marine HCC

Associate Actuary

Maple Grove, MN · On-site

$137.20 - $155/hr

Associate Actuary Supervisor**Employment Type:** Full Time**Job Requisition ID: 2026-575 ... Using actuarial and predictive modeling techniques, construct policyholder profitability models for ...

ProAg

Associate Actuary

Maple Grove, MN · On-site

Associate Actuary Location: Maple Grove - MN Reports To: Associate Actuary Supervisor Employment ... Using actuarial and predictive modeling techniques, construct policyholder profitability models for ...

ProAg Management, Inc.

Associate Actuary

Maple Grove, MN · On-site

$137.20 - $155/hr

Associate Actuary * Location : Maple Grove - MN * Reports To : Associate Actuary Supervisor ... Using actuarial and predictive modeling techniques, construct policyholder profitability models for ...

ProAg

Associate Actuary

Maple Grove, MN

Associate Actuary Location: Maple Grove - MN Reports To: Associate Actuary Supervisor Employment ... Using actuarial and predictive modeling techniques, construct policyholder profitability models for ...

Elevance Health

Associate Actuary

Mendota Heights, MN

$126K - $207K/yr

Associate Actuary Associate Actuary Anticipated End Date: 09/03/2026 Location: This role requires ... Updates actuarial pricing, forecasting models as directed. * Refines and collects appropriate data ...

Elevance Health

Associate Actuary

Mendota Heights, MN · On-site

$126K - $207K/yr

Associate Actuary Anticipated End Date: 09/03/2026 Location: This role requires associates to be in ... Updates actuarial pricing, forecasting models as directed. * Refines and collects appropriate data ...

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Actuarial Associate information

See Minnesota salary details

$50K

$111.3K

$154.7K

How much do actuarial associate jobs pay per year?

As of Aug 26, 2026, the average yearly pay for actuarial associate in Minnesota is $111,338.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,500.00 and $124,400.00 per year, depending on experience, location, and employer.

What is an actuarial associate?

Actuarial Associates are professionals who use mathematics, statistics, and financial theory to analyze risk and uncertainty, primarily for insurance companies, consulting firms, and other financial institutions. They typically assist senior actuaries in gathering and analyzing data, preparing reports, and developing models to predict future events such as insurance claims or pension payouts. Actuarial Associates are often working towards their professional actuarial credentials by passing a series of exams. Their work is crucial in helping organizations make informed decisions about pricing, investments, and risk management.

What are the key skills and qualifications needed to thrive as an actuarial associate?

To thrive as an Actuarial Associate, you need strong analytical skills, mathematical proficiency, and a bachelor's degree in actuarial science, mathematics, statistics, or a related field, often complemented by progress in actuarial exams. Familiarity with actuarial software (such as Prophet or SAS), spreadsheet tools like Excel, and programming languages like SQL or Python is important, along with membership or candidacy in professional actuarial societies. Attention to detail, problem-solving ability, and effective communication stand out as crucial soft skills for this role. These competencies ensure accurate risk assessment, effective collaboration, and informed decision-making in insurance, finance, or consulting environments.

What are some common challenges actuarial associates face when transitioning from academic study to a professional work environment?

Actuarial Associates often find the shift from academic settings to professional environments challenging due to the increased emphasis on collaboration, communication, and meeting business deadlines. Unlike the structured nature of exams, real-world projects require balancing multiple tasks, adapting to rapidly changing priorities, and clearly explaining complex analyses to non-technical stakeholders. Additionally, navigating actuarial software and learning company-specific processes can be a steep learning curve. However, most teams provide mentoring and structured onboarding programs to help new associates adapt and succeed.

What is the difference between Actuarial Associate vs Actuarial Analyst?

AspectActuarial AssociateActuarial Analyst
CredentialsTypically requires passing 2-4 actuarial exams, often pursuing ASA designationUsually requires passing 1-3 exams, often at early stages of ASA or similar
Work EnvironmentCorporate insurance or consulting firms, performing complex analysisInsurance companies, consulting firms, focusing on data analysis and modeling
Employer & Industry UsageCommon in insurance, pension, and consulting sectorsWidely used in insurance and financial services

The main difference between an Actuarial Associate and an Actuarial Analyst lies in experience level, exam progress, and responsibilities. Actuarial Associates typically have more exams passed and handle more complex tasks, while Actuarial Analysts focus on data analysis and supporting actuarial work at earlier stages of their careers.

What are the most commonly searched types of Actuarial jobs in Minnesota?

The most popular types of Actuarial jobs in Minnesota are:

What cities in Minnesota are hiring for Actuarial Associate jobs?

Cities in Minnesota with the most Actuarial Associate job openings:

Actuarial Associate jobs near you
Infographic showing various Actuarial Associate job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 26% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $111,338 per year, or $53.5 per hour.

Actuarial Associate

Minneapolis, MN

Ameriprise Financial
Funds, Trusts and Financial Programs • 5 - 10K employees

7.7

Company rating: 7.7 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

107th of 151 rated financial services

People enjoy working here

Good employer

Recommended by students

Learn more about Ameriprise Financialexternal

$93K - $128K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted yesterday

New

Job description

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

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.

Key Responsibilities

  • This position will support the Corporate Actuarial group with a focus on analyzing GAAP and Statutory reserves for our insurance valuation business. In addition, the position will support initiatives to enhance the understanding of Long-Duration Targeted Improvements (LDTI).

  • With limited supervision, provides technical analysis and support by developing, improving, operating and documenting various actuarial models.

  • Prepares job related reports, summarizes and communicates results to middle management.

  • Participates in projects within a well-defined scope and responsibility and performs actuarial modeling and analysis.

  • Supports the validation and development of business controls.

  • Professional development to maintain Actuarial credentials


Required Qualifications

  • Bachelors degree or equivalent (4 years)

  • 3-5 years relevant experience

  • All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement.

  • 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

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 $93,400 - $128,400 / 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.

Ameriprise logo

About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

Social media

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Benefits

Hours and flexibility

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