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Actuarial Modeling Jobs in Minnesota (NOW HIRING)

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN · On-site

$66K - $91K/yr

Provide technical analysis and support by modifying, maintaining, operating and documenting various actuarial models. Prepare related reports, summarizing and communicating results. Key ...

Ameriprise Financial

Actuarial Analyst

Minneapolis, MN · On-site

$66K - $91K/yr

Provide technical analysis and support by modifying, maintaining, operating and documenting various actuarial models. Prepare related reports, summarizing and communicating results. Key ...

Deloitte

Health Actuary Consultant

Minneapolis, MN · On-site

You will contribute to actuarial modeling, financial analysis, and project delivery efforts that help organizations make informed business and policy decisions. If you are looking to apply actuarial ...

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Actuarial Modeling information

See Minnesota salary details

$21.5K

$91.6K

$150.8K

How much do actuarial modeling jobs pay per year?

As of Aug 17, 2026, the average yearly pay for actuarial modeling in Minnesota is $91,600.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $107,200.00 per year, depending on experience, location, and employer.

What is an actuarial modeling?

An Actuarial Modeling job involves developing mathematical models to assess financial risks in insurance, pensions, and investments. Actuaries in this role analyze data, create simulations, and use predictive modeling techniques to estimate future liabilities and optimize financial decision-making. They work with software tools like R, Python, or specialized actuarial software to build and refine these models. This job is crucial for pricing insurance products, managing reserves, and ensuring regulatory compliance. Strong analytical skills, statistical knowledge, and a deep understanding of financial risk are essential for success in this role.

What does a typical workday look like for someone in an actuarial modeling role?

A typical workday for an Actuarial Modeling professional involves building, testing, and refining mathematical models to evaluate risks and forecast financial outcomes for insurance or pension products. You’ll collaborate with other actuaries, underwriters, and data analysts, often participating in team meetings to discuss assumptions and model outcomes. Regular responsibilities include running sensitivity analyses, preparing documentation, and presenting findings to both technical and non-technical audiences. The role offers a dynamic mix of independent analysis and teamwork, making it engaging for those who enjoy problem-solving and cross-functional collaboration.

What are the key skills and qualifications needed to thrive in the actuarial modeling position, and why are they important?

To thrive in Actuarial Modeling, candidates need strong analytical and mathematical skills, proficiency in statistics, and a degree in actuarial science, mathematics, or a related field. Familiarity with actuarial software (such as Prophet or AXIS), advanced Excel, and progress toward professional certifications (such as ASA, FSA, or CFA) are typically required. Exceptional problem-solving abilities, attention to detail, and clear communication skills help individuals collaborate effectively and explain complex models. These competencies are essential to ensure accurate risk assessment, compliance with industry regulations, and deliver actionable insights to stakeholders.

What are popular job titles related to Actuarial Modeling jobs in Minnesota?

For Actuarial Modeling jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Actuarial Modeling jobs in Minnesota look for?

The top searched job categories for Actuarial Modeling jobs in Minnesota are:

What cities in Minnesota are hiring for Actuarial Modeling jobs?

Cities in Minnesota with the most Actuarial Modeling job openings:

Actuarial Modeling jobs near you
Infographic showing various Actuarial Modeling job openings in Minnesota as of August 2026, with employment types broken down into 90% Full Time, 8% Part Time, and 2% Contract. Highlights an 84% Physical, 5% Hybrid, and 11% Remote job distribution, with an average salary of $91,600 per year, or $44 per hour.

Actuarial Consultant - Modeling Development Team (Hybrid)

Securian Financial

Saint Paul, MN • On-site

$89K - $164K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 3 days ago

Securian Financial rating

8.7

Company rating: 8.7 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

Job description

At Securian Financial the internal title for this position is Actuarial Consultant. The title and salary will be determined based on experience and applied skills.
Position Overview
This position is part of the Modeling Development Team in Enterprise Actuarial Services, a service-oriented function focusing on actuarial modeling needs across Securian. You will be part of cultivating a service mindset, seeking to understand and meet the needs of our internal customers. You will develop a deep understanding of actuarial modeling, across a variety of purposes for Individual Life products, to enable stakeholders across the enterprise.
Responsibilities below may be as (or move between) a developer or reviewer depending on the qualifications and experience of the individual in relation to the particular product and project.
  • Seek to understand our partners' products, markets, responsibilities, and objectives.
  • Build targeted modeling expertise (e.g. Prophet) to support the development and maintenance of effective, efficient, and well governed models across various products and purposes.
  • Serve as a modeling liaison to our partners and help to advise and implement strategic initiatives.
  • Leverage modeling expertise and partner understanding to identify and enable opportunities for improved results, insights, and capabilities.
  • Evaluate and communicate the impacts of complex model changes to stakeholders and model users.
  • Contribute to a supportive team environment that emphasizes curiosity, collaboration, and experimentation.
  • Apply model coding and development standards to models while adhering to Securian's Modeling Principles and relevant Actuarial Standards of Practice.

Qualifications:
If the responsibilities of this role are appealing to you, but if you don't meet all the qualifications, don't hesitate to apply! Our primary goal is to find the right person with a passionate interest for being successful in these responsibilities. We would rather have the passionate interest with a path to grow, than qualifications ready and a need to develop passion or interest!
  • Self-motivated and flexible; ability to work and learn independently and as part of a team.
  • Strong analytical and problem-solving skills along with a willingness to experiment to get to the best solution.
  • Curiosity, creativity, and initiative to explore and work through complex or ambiguous topics.
  • Advanced technical aptitude with the ability to learn/use a variety of software/modeling tools, and the ability to learn complex subject matter.
  • Documentation and organizational skills with attention to details.

Preferred Qualifications:
  • ASA or FSA
  • Experience with actuarial modeling (Prophet preferred, but MG-ALFA or MoSes also valued)
  • Experience with Individual Life products Understanding of PBR, LDTI, financial reporting, and/or strategic planning

#LI-hybrid **This position will be in a hybrid working arrangement.**
Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you're in a commutable distance (90 minutes) you'll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.
Preferred Skills:
The estimated base pay range for this job is:
$89,000.00 - $164,300.00
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.
Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:
Paid time off:
  • We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what's important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
  • Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
  • Environmental Health & Sustainability
  • Mental Wellness and Disability
  • Pride at Securian Financial
  • Securian Young Professionals Network
  • Securian Multicultural Network
  • Securian Women and Allies Network
  • Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.
Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).
Securian Financial is a drug-free workplace.
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To view our legal statement click here

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