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Associate Actuary Jobs in Minnesota (NOW HIRING)

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 * Employment Type : Full Time * Job Requisition ID : 2026-575 * Requisition Begin Date : 05/28/2026

ProAg

Associate Actuary

Maple Grove, MN · On-site

Associate Actuary Supervisor Employment Type: Full Time Job Requisition ID: 2026-575 Requisition Begin Date: 05/28/2026 Requisition End Date: 09/28/2026 (Posting may close earlier if filled or ...

ProAg

Associate Actuary

Maple Grove, MN

Associate Actuary Supervisor Employment Type: Full Time Job Requisition ID: 2026-575 Requisition Begin Date: 05/28/2026 Requisition End Date: 09/28/2026 (Posting may close earlier if filled or ...

Tokio Marine HCC

Associate Actuary

Maple Grove, MN · On-site

$137.20 - $155/hr

Associate Actuary****Location:** Maple Grove - MN**Reports To:** Associate Actuary Supervisor**Employment Type:** Full Time**Job Requisition ID: 2026-575****Requisition Begin Date: 05/28/2026*

Elevance Health

Associate Actuary

Mendota Heights, MN · On-site

$126K - $207K/yr

Associate Actuary Associate Actuary Anticipated End Date: 09/03/2026 Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while ...

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-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to ...

CSAA

ACAS (Associate of the Casualty Actuarial Society) preferred * Actuarial analysis on Commercial Auto lines insurance preferred * Experience with MGA/Programs pricing, fronting, large deductibles ...

Ameriprise Financial

Actuarial Associate

Minneapolis, MN · On-site

$93K - $128K/yr

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 ...

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All JobsAssociate Actuary JobsAssociate Actuary Jobs in Minnesota

Associate Actuary information

See Minnesota salary details

$50K

$111.3K

$154.7K

How much do associate actuary jobs pay per year?

As of Aug 29, 2026, the average yearly pay for associate actuary 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 associate actuary?

Associate Actuaries are professionals who use mathematics, statistics, and financial theory to assess risk and help organizations make informed decisions, especially in insurance and pension fields. They typically have achieved an 'Associate' designation through an actuarial society, signifying completion of required exams and professional experience. Associate Actuaries work on tasks such as pricing insurance policies, calculating reserves, analyzing financial risks, and preparing reports for stakeholders. Their work is essential for ensuring the financial stability and regulatory compliance of their organizations.

What are some common challenges associate actuaries face when transitioning from individual contributor to team projects?

Associate Actuaries often find moving from independent analysis to collaborative projects challenging, as it requires balancing technical responsibilities with effective communication and coordination with colleagues from different backgrounds. They may need to adapt their workflow to accommodate team deadlines and integrate feedback from peers, underwriters, or senior actuaries. Developing strong project management and interpersonal skills helps facilitate smooth collaboration and career progression into leadership roles.

What are the key skills and qualifications needed to thrive as an associate actuary, and why are they important?

To thrive as an Associate Actuary, you need strong analytical abilities, proficiency in mathematics and statistics, and typically an Associate designation (ASA or ACAS) from a recognized actuarial society. Familiarity with actuarial modeling software, Excel, and statistical programming languages like SAS or R is often required. Attention to detail, problem-solving skills, and effective communication help you interpret data and present findings to diverse stakeholders. These skills ensure accurate risk assessment, sound financial decision-making, and effective collaboration in the insurance and finance industries.

What is the difference between Associate Actuary vs Actuary?

AspectAssociate ActuaryActuary
CredentialsTypically requires ASA designation or equivalentRequires ASA or FSA designation
Work EnvironmentEntry to mid-level actuarial work, often in insurance or pension firmsMore advanced responsibilities, often in senior roles
Employer & IndustryInsurance companies, consulting firms, pension plansSame as Associate Actuary, but with broader responsibilities

The main difference between an Associate Actuary and an Actuary is experience level and responsibilities. An Associate Actuary is usually an early-career professional working towards full actuarial credentials, while an Actuary has completed the necessary exams and holds a more senior position with greater responsibilities.

How much do associate actuaries earn?

Associate actuaries typically earn between $70,000 and $100,000 annually, depending on experience, location, and industry. Entry-level salaries often start around $65,000, with higher compensation as they gain professional certifications like the ASA and develop specialized skills.

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

The most popular types of Actuary jobs in Minnesota are:

What are popular job titles related to Associate Actuary jobs in Minnesota?

For Associate Actuary jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Associate Actuary jobs in Minnesota look for?

The top searched job categories for Associate Actuary jobs in Minnesota are:

What cities in Minnesota are hiring for Associate Actuary jobs?

Cities in Minnesota with the most Associate Actuary job openings:

Associate Actuary jobs near you
Infographic showing various Associate Actuary 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.

Associate Actuary

ProAg Management, Inc.

Maple Grove, MN • On-site

$137.20 - $155/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Job Details
  • Job Title: Associate Actuary
  • Location: Maple Grove - MN
  • Reports To: Associate Actuary Supervisor
  • Employment Type: Full Time
  • Job Requisition ID: 2026-575
  • Requisition Begin Date: 05/28/2026
  • Requisition End Date: 06/28/2026 (Posting may close earlier if filled or business needs change.)
Role Overview

The Associate Actuary at ProAg plays a key role in supporting underwriting and actuarial functions by delivering data-driven insights that inform pricing, hedging decisions, and overall business performance. In this role, you will analyze claims and premium data, develop projections, and contribute to actuarial models that guide decision-making across underwriting teams and leadership. Working closely with cross-functional partners, you will support initiatives such as reinsurance analysis, pricing, and financial reporting, while also assisting with strategic efforts like new product offerings and competitor comparisons. This position is ideal for a detail-oriented, analytical professional who can manage multiple priorities and translate complex data into meaningful insights that help drive sound business decisions.

In this Exciting Opportunity, You Will:
  • Conduct rate adequacy analysis and develop insurance product pricing using actuarial and predictive modeling methodologies, driving the business to achieve profitability objectives
  • Using actuarial and predictive modeling techniques, construct policyholder profitability models for reinsurance decisioning in multi-peril crop insurance and livestock contracts
  • Provide quantitative support in evaluating derivative market instruments and assist in the execution of trading strategies
  • Utilize strong interpersonal and communication skills to understand and support actuarial needs of the insurance product implementation process
What You Bring
  • A Bachelor’s degree in Actuarial Science, Mathematics, a related field, or the equivalent education and/or experience
  • Minimum 5 Casualty Actuarial Society exams passed
  • Attainment of the Associate of the Casualty Actuarial Society (ACAS) certification a plus
  • Ability to apply statistical and predictive modeling and analytics methodologies to advanced analytical problems, interpret the model results, turn data into actionable insights, and effectively communicate model results
  • Proficiency in programming languages R, SQL, or Python
  • Fantastic written and verbal communication skills with ability to effectively present recommendations and analysis to business partners
  • Good organizational and analytical skills with a demonstrated ability to manage multiple tasks simultaneously
What We Offer
  • Competitive salary and comprehensive benefit package
  • Strong learning culture with ongoing development opportunities
  • Opportunities for growth and career advancement
  • Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
  • Basic life and disability insurance
  • 401(k) plan with 6% company match
  • 20 days of PTO, three floating holidays, approximately 10 paid holidays, and volunteer time off
  • Paid parental leave
  • Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
  • Student loan matching program
  • Employee discount programAn opportunity to do meaningful work and love what you do
Pay Transparency

The pay range for this position is $137,200 - $155,000, which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate’s geographic location, qualifications, work experience, education, and/or skill level.

Equal Opportunity Employer

TMHCC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity, genetic information, marital status, medical condition, national origin, physical or mental disability, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.

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