Data Science Insurance Jobs in Minnesota (NOW HIRING)

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

Ameriprise Financial is looking to add a Senior Data Scientist to the team! The individual in this role will support modeling, data analysis, and database needs for the assigned line of business (Columbia Threadneedle Investments Asset Management). You will create large data sets, provide information-based decision logic and predictive modeling solutions, and translate modeling/analytic output into understandable/actionable business knowledge, insight and applications. You will demonstrate strong technical and problem-solving skills and support multiple projects.

Key Responsibilities

• Develop and implement complex analytical solutions leveraging tools such as predictive modeling, advanced machine learning techniques, simulation, optimization solutions to support Asset Management business objectives. May lead efforts on small-medium sized projects.

• Perform dataset creation including data extraction, derived and dependent variable creation, and data quality control processes for analytics, model development, and validation.

• Monitor execution of analytical solutions, including criteria specification, data sourcing, segmentation, analytics, selection, delivery, and back-end data capture results. Partner closely with leader and others to ensure proper delivery.

• Under direction of the Sr. Leader, collaborate with business leaders and/or analysts to provide analytical thought leadership and support for business problems. Help identify and interpret business needs, define high-level business requirements, strategy, technical risks, and scope. Develop, document, and communicate business-driven analytic solutions and capabilities, translating modeling and analytic output into understandable and actionable business knowledge.

• Embed analytic programs and tools. Ensure continued accuracy, relevancy, and effectiveness and track process improvements once deployed.

• Ensure adherence to data and model governance standards that are set and enforced by industry standards and/or enterprise and business unit data governance polices and leaders.

• Contribute to ongoing expansion of data science expertise and credentials by keeping up with industry best practices, developing new skills, and knowledge sharing. Work cross functionally to develop standardized/automated solutions and adopt best practices.

Required Qualifications

• Master's degree

• 1 to 3 years of relevant experience required

• Knowledge of advanced statistical concepts and techniques; skilled in linear algebra.

• Competence using advanced statistical methods such as generalized regression models, Bayesian methods, random forest, gradient boosting, neural networks, machine learning, clustering, or similar methodologies.

• Experience with statistical programming (SAS, R, Python, SQL etc.) & data visualization software in a data-rich environment.

• Ability to present/communicate complex, technical materials in a way that facilitates decision making and drives outcomes; ability to communicate to less technical partners.

• Proven ability to apply both strategic and analytic techniques to provide business solutions and recommendations.

• Ability to work effectively in a collaborative team environment.

Preferred Qualifications

• Ph.D.

• Degree in Quantitative Discipline (i.e. Finance, Statistics, Computer Science, Actuarial Science, Economics, Engineering, etc.)

• Experience with big data technologies which may include Hadoop, Cloud Computing Environments (including container creation, management & deployment), Spark, Dataiku, Amazon SageMaker etc.

• Background in asset management or financial services.

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 $78,700- $138,200/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 timeExemptDataCSIRM Information Management

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.