Demo

Senior Staff Actuary

Thrivent
Thrivent Salary
Minneapolis, MN Full Time
POSTED ON 1/13/2025
AVAILABLE BEFORE 3/28/2025

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking, and generosity programs to help people make the most of all they’ve been given.

Do you have the right skills and experience for this role Read on to find out, and make your application.

At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

Job Summary

Supports and often leads initiatives related to the development, pricing, ongoing management, valuation, and / or reporting of Thrivent’s products. Supports and often leads initiatives related to risk evaluation / management and other corporate reporting and analysis projects. Applies business acumen and extensive actuarial experience to the financial management and product management of Thrivent, helping to deliver competitive products while also keeping the company financially sound.

This role will be responsible for the product pricing functions of Thrivent’s Life or Annuity products. This includes actuarial modeling for both new product development and inforce product management. This role collaborates with other actuarial teams, such as corporate actuarial, to maintain pricing assumptions within the actuarial product models.

Job Responsibilities and Duties

  • Supports and sometimes leads a range of complex and challenging initiatives related to the development, pricing, ongoing management, valuation, and / or reporting of Thrivent's products.
  • Designs, develops, and maintains analytical models, using a variety of corporate software tools.
  • Influences and leads development of appropriate assumptions and methods to use in models.
  • Performs and / or leads testing, analysis, and evaluation of model results, and identifies additional analysis needed.
  • Applies actuarial principles commensurate with the Fellow of Society of Actuaries certification.
  • Occasionally provides guidance and direction to less experienced staff members on some assignments.
  • Acts as a guardian of the company's financial strength while also striving to increase the value we are able to deliver to members.
  • Supervise actuarial interns and students as necessary.
  • Models Thrivent’s leadership competencies – Courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding themselves and other accountable.
  • Supports and / or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and / or supports a culture that represents the Thrivent purpose, promise, and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.

Job Qualifications

Required :

  • Bachelor's degree.
  • FSA & MAAA.
  • 4 years’ experience.
  • Considerable industry and professional knowledge, extensive in areas of expertise.
  • History of execution of successful actuarial projects.
  • Preferred :

  • Life pricing or annuity pricing experience preferred.
  • Additional Information

  • This position allows a flexible work arrangement meaning you may work on-site and / or remotely from the Minneapolis, MN area.
  • Pay Transparency : Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $133,386.00 - $180,464.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

    Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits. The following benefits may be offered : various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan / policy documents. Thrivent’s plans / policies are subject to change at any time at Thrivent’s discretion.

    Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.

    Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to human.resources@thrivent.com or call 800-847-4836 and request Human Resources.

    J-18808-Ljbffr

    Salary : $133,386 - $180,464

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Senior Staff Actuary?

    Sign up to receive alerts about other jobs on the Senior Staff Actuary career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $75,278 - $94,197
    Income Estimation: 
    $86,566 - $107,585
    Income Estimation: 
    $86,566 - $107,585
    Income Estimation: 
    $109,171 - $137,211
    Income Estimation: 
    $109,171 - $137,211
    Income Estimation: 
    $137,078 - $174,198
    Income Estimation: 
    $137,078 - $174,198
    Income Estimation: 
    $159,180 - $202,370
    Income Estimation: 
    $170,839 - $220,216
    Income Estimation: 
    $220,450 - $289,809
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Thrivent

    Thrivent
    Hired Organization Address Denver, CO Full Time
    Meaningful work. Rewarding career. Make an impact providing holistic purpose-based financial advice to clients, helping ...
    Thrivent
    Hired Organization Address Reston, VA Full Time
    Be in Business for Yourself, not By Yourself Thrivent Financial Advisor Meaningful work. Rewarding career. Make an impac...
    Thrivent
    Hired Organization Address Salt Lake, UT Full Time
    The Model Risk Management & Risk Analytics Lead of Thrivent Bank is responsible for managing and overseeing model optimi...
    Thrivent
    Hired Organization Address Salt Lake, UT Full Time
    The Risk Governance and Oversight Lead of Thrivent Bank is responsible for executing and overseeing the Bank’s third-par...

    Not the job you're looking for? Here are some other Senior Staff Actuary jobs in the Minneapolis, MN area that may be a better fit.

    Senior Staff Actuary

    Thrivent Financial, Minneapolis, MN

    Senior Actuary | Fully Onsite

    Allianz Global Corporate & Specialty, Minneapolis, MN

    AI Assistant is available now!

    Feel free to start your new journey!