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Company

Original Job Post

Ameriprise Financial Services, LLC · 2 days ago

Senior Manager of Actuarial Model Validation

Minneapolis, MN

Full-time

Hybrid

Senior Level

4+ years exp

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Responsibilities

Lead and implement model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals.

Test and evaluate the conceptual soundness of actuarial models and assess their limitations and suitability for use.

Conduct actuarial model validation activities and ensure compliance with regulatory standards.

Communicate complex information to senior management effectively.

Collaborate with the Director of Actuarial Model Validation and other team members.

Qualification

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Actuarial ModelingProduct DevelopmentModel DesignTestingValidationLife InsuranceAnnuityALMHedgingMicrosoft OfficeExcelWordPowerPointProphetAXISALFAProblem-SolvingCommunicationCollaborationFSA DesignationVariable AnnuitiesGMxB'sStructured AnnuitiesRILAUniversal Life InsuranceVariable Life InsuranceIndexed Life InsuranceProgrammingDatabase LanguagesPython

Required

Bachelor’s degree in Actuarial Science, Data Science, Mathematics, Financial Engineering, Economics, or another analytical field of study is required.

Fellow of the Society of Actuaries (FSA), or Associate of the Society of Actuaries (ASA) with a minimum of 4 years of experience post-ASA, is required.

Significant recent experience in actuarial model design, product development, implementation, testing and/or validation is required.

Deep understanding of the models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, Inforce / New Business, ALM, Hedging)

Microsoft Office (e.g. Excel, Word, and PowerPoint)

Actuarial modeling software (e.g. Prophet, AXIS, or ALFA, etc.)

Ability to work independently with high initiative and comfortable working optimally in a collaborative team environment.

Proven success in communicating sophisticated information to senior management in a compelling fashion.

Strong written and verbal communication skills.

Preferred

FSA Designation

Experience with Variable Annuities with enhanced Guarantees (GMxB’s), Structured Annuities / RILA and/or Universal/Variable/Indexed Life Insurance

Programming / database languages (e.g. Python, C++, VBA, SQL, R, or SAS)

Must possess established communication, collaboration, and organizational skills

High level of accountability, quality of work ethic and proactivity

Company

Ameriprise Financial Services, LLC

Glassdoor

3.8

At Ameriprise Financial, we have helped our clients feel confident about their financial futures for more than 125 years.

Founded in 1894

Minneapolis, Minnesota, USA

5,001-10,000 employees

https://www.ameriprise.com/

H1B Sponsorship

Ameriprise Financial Services, LLC has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Trends of Total Sponsorships

2023 (47)

2022 (100)

2021 (85)

2020 (74)