Actuarial Analyst Jobs in Minnesota
Actuarial Analyst jobs in Minnesota are concentrated in the Twin Cities metro, with Minneapolis and Saint Paul anchoring most of the hiring alongside Rochester, where large employers like UnitedHealth Group, Allianz Life Insurance, and Securian Financial maintain substantial actuarial teams. Minnesota's deep roots in health insurance and life insurance mean that health benefit modeling, reserving, and product pricing are the most in-demand specialties, though property and casualty work is also well represented. Openings range from entry-level exam-track roles to senior analyst positions supporting enterprise-scale risk portfolios. See the openings below and apply to the ones that match your experience.
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Showing 5 of 9+ Actuarial Analyst jobs
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 an Actuarial Analyst to the Insurance Risk team! The individual in this role will perform actuarial tasks with manager assistance or supervision. Provide technical analysis and support by modifying, maintaining, operating and documenting various actuarial models. Prepare related reports, summarizing and communicating Insurance Risk model results.Key Responsibilities
- Support quarterly and ad‑hoc Insurance risk reporting and analysis, including preparation, validation, and communication of results and insights to key stakeholders.
- Provide technical analysis and support of a well-defined nature by modifying, maintaining, operating and documenting various actuarial models based in spreadsheets or other analytical software.
- Assist in evaluating the impacts of model change requests by developing expertise in market sensitivities, Statutory and GAAP accounting, and actuarial modeling techniques. Develop a foundational understanding of actuarial modeling, processes, and practices.
- Participate in actuarial projects within a well-defined scope and responsibility. Perform analysis on specific actuarial topics, describing actuarial concepts to other business areas, and/or testing results of project implementations. Communicate status and impediments to completing tasks.
- Support the operation and validation of business controls and model governance requirements. Perform basic logical validation on inputs and outputs, ensuring consistency of processes with original design. Collect evidence to validate effectiveness of processes.
Required Qualifications
- Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics, Data Science, or related disciplines.
- 1-3 years of relevant experience
- At least 1 Actuarial exam passed.
Preferred Qualifications
- Validation by Educational Experience (VEE) coursework completion.
- Actuarial internship experience.
- Experience with MS Excel, VBA, MS Access, and other database applications.
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 $66,700- $91,700/ 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-Time/Part-Time
Exempt/Non-Exempt
Job Family Group
Line of Business
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.
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 an Actuarial Analyst to the Insurance Risk team! The individual in this role will perform actuarial tasks with manager assistance or supervision. Provide technical analysis and support by modifying, maintaining, operating and documenting various actuarial models. Prepare related reports, summarizing and communicating Insurance Risk model results.Key Responsibilities
- Support quarterly and ad‑hoc Insurance risk reporting and analysis, including preparation, validation, and communication of results and insights to key stakeholders.
- Provide technical analysis and support of a well-defined nature by modifying, maintaining, operating and documenting various actuarial models based in spreadsheets or other analytical software.
- Assist in evaluating the impacts of model change requests by developing expertise in market sensitivities, Statutory and GAAP accounting, and actuarial modeling techniques. Develop a foundational understanding of actuarial modeling, processes, and practices.
- Participate in actuarial projects within a well-defined scope and responsibility. Perform analysis on specific actuarial topics, describing actuarial concepts to other business areas, and/or testing results of project implementations. Communicate status and impediments to completing tasks.
- Support the operation and validation of business controls and model governance requirements. Perform basic logical validation on inputs and outputs, ensuring consistency of processes with original design. Collect evidence to validate effectiveness of processes.
Required Qualifications
- Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics, Data Science, or related disciplines.
- 1-3 years of relevant experience
- At least 1 Actuarial exam passed.
Preferred Qualifications
- Validation by Educational Experience (VEE) coursework completion.
- Actuarial internship experience.
- Experience with MS Excel, VBA, MS Access, and other database applications.
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 $66,700- $91,700/ 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-Time/Part-Time
Exempt/Non-Exempt
Job Family Group
Line of Business
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.
See All 9 Actuarial Analyst Jobs in Minnesota
Find roles in Minnesota that match your experience and apply in just a few clicks.
Find Actuarial Analyst JobsActuarial Analyst Jobs by City in Minnesota
Where Minnesota roles are concentrated, by current openings.
Actuarial Analyst Job Market in Minnesota
A snapshot from current Minnesota openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Insurance
What Minnesota Employers Look For
The qualifications that appear most often in actuarial analyst jobs across Minnesota.
- Progress toward Fellowship or Associateship in the Society of Actuaries or Casualty Actuarial Society
- Bachelor's degree in actuarial science, mathematics, statistics, or a closely related field
- Proficiency in actuarial modeling software such as AXIS, Prophet, or MoSes
- Strong command of R, Python, SAS, or SQL for data analysis and model validation
- Experience with health, life, or property and casualty insurance products and reserving methods
- Familiarity with regulatory reporting requirements applicable to Minnesota-domiciled insurance carriers
Actuarial Analyst Jobs in Minnesota: Frequently Asked Questions
How do you become a actuarial analyst in Minnesota?
You become an actuarial analyst in Minnesota by earning a bachelor's degree in actuarial science, mathematics, or statistics and sitting for the preliminary exams administered by the Society of Actuaries or the Casualty Actuarial Society. Minnesota does not require a state-issued actuarial license, so employers primarily screen for exam progress and technical skills. Most Twin Cities insurers and consulting firms hire candidates who have passed at least one or two preliminary exams and offer study time and exam reimbursement as you advance.
Which companies hire actuarial analysts in Minnesota?
Companies currently hiring actuarial analysts in Minnesota include UnitedHealthcare, HealthPartners, and Optum, per current listings on Migrate Mate as of October 2026. Minnesota's concentration of large health and life insurers headquartered in the Twin Cities makes it one of the more active actuarial hiring markets in the country.
Which Minnesota cities have the most actuarial analyst jobs?
Minnetonka, Bloomington, and Minneapolis have the most actuarial analyst openings in Minnesota. The Minneapolis-Saint Paul metro dominates because major insurance carriers and financial services firms have their corporate headquarters there, while Rochester draws openings tied to healthcare and benefits analysis connected to its large medical and insurance employer base.
Are there remote actuarial analyst jobs in Minnesota?
Yes, and more than most fields, because actuarial analyst work is desk-based and model-driven with no requirement to be on-site. About 100% of actuarial analyst openings tied to Minnesota are remote or hybrid as of October 2026, reflecting how broadly the insurance industry adopted flexible arrangements. Pricing, reserving, and predictive modeling work tends to be the most remote-friendly, while roles involving close collaboration with underwriting teams more often require hybrid schedules.
How can I get hired as a actuarial analyst in Minnesota with little or no experience?
The most realistic entry path is an actuarial internship followed by a full-time analyst role at one of the large Twin Cities insurers. UnitedHealth Group, Allianz Life, and Securian Financial all run structured actuarial intern and new-graduate programs that feed directly into analyst pipelines. Candidates without direct experience often transition from adjacent roles in data analytics or financial analysis within the same company. Passing even one Society of Actuaries preliminary exam before applying significantly strengthens a new-grad application at Minnesota employers.
Where can I find and apply to actuarial analyst jobs in Minnesota?
You can find and apply to actuarial analyst jobs in Minnesota on Migrate Mate, which lists current openings from Minnesota employers. Search the listings to find roles that match your exam progress, technical background, and preferred work arrangement, then apply directly to the ones that fit.
See All 9 Actuarial Analyst Jobs in Minnesota
Find roles in Minnesota that match your experience and apply in just a few clicks.
Find Actuarial Analyst Jobs