Actuarial Associate (Annuity Risk Modeling)

Location: Minneapolis, Minnesota; in-office at least four days per week, with flexibility to work from home one day per week.

Salary: $93,400–$128,400 per year, plus potential variable compensation.

Company

Diversified financial services organization providing financial planning, asset management, insurance, and annuity services to individual, small business, and institutional clients.

What you will do

• Support quarterly and ad-hoc annuity risk reporting, including preparation, validation, and communication of results to management and stakeholders.
• Evaluate model change impacts using market sensitivities, statutory and GAAP accounting, and actuarial modeling techniques.
• Develop expertise in Prophet annuity models, including run settings, model structures, execution, and results retrieval.
• Lead testing of model enhancements and support new risk mitigation solutions.
• Maintain model documentation, business controls, and model governance requirements.
• Support process improvements, automation initiatives, and provide guidance to actuarial interns.

Requirements

• Bachelor’s degree or equivalent four-year education.
• At least three years of relevant actuarial or related experience.
• All Introductory ASA exams, one Actuarial/Advanced ASA exam or requirement, and completed VEE coursework.
• Strong technical skills in actuarial modeling software, Python, Excel, and Microsoft Office.
• Strong analytical, quantitative, problem-solving, and independent-working skills.
• Must have valid US work authorization that does not now or in the future require employment visa sponsorship.

Nice to have

• Degree concentration in actuarial science, mathematics, statistics, economics, finance, data science, or a related discipline.
• Experience with FIS Prophet or other actuarial software.
• Understanding of annuity liabilities, fixed income, derivative assets, and financial modeling.
• Strong written and verbal communication and cross-organizational collaboration skills.

Culture & Benefits

• In-person collaboration is central to the work environment.
• Benefits include vacation, sick time, 401(k), and health, dental, and life insurance.
• Compensation follows a pay-for-performance philosophy and may include bonuses, commissions, or long-term incentives.
• Ongoing professional development supports maintenance of actuarial credentials.