Actuarial Jobs

Actuarial Job Overview

Actuaries are talented individuals with outstanding aptitude for numbers and data. They can look at a jumble of statistics that would make most people scratch their heads in confusion and turn it into reasonable predictions and assessments. They are professionals who analyze risks and try to predict future events based on past data. The insurance industry relies heavily on actuaries. On any given day, an actuary may:

  • Compile data using sophisticated computer technology
  • Create lists, tables, and charts that make data easier to understand for others
  • Work with fellow team members to help make sure an insurance company’s rates are profitable while still in line with the competition
  • Prepare and give presentations to explain the meaning of certain data or trends

There are a few different types of actuaries, including health insurance actuaries, life insurance actuaries and property and casualty insurance actuaries.

Actuarial Job Education Requirements

In order to succeed in an actuarial job, individuals need extensive training, both in classrooms and on the job. Actuaries must hold a bachelor’s degree in a field related to actuarial work, such as mathematics, statistics or actuarial science. They also need to take business classes that help them understand the ins and outs of the insurance industry and the business world in general. Before officially becoming an actuary, candidates need to pass a certification exam.

Actuaries fresh out of college usually work on a team alongside those who have worked in the field for a time and can share their practical experience. Some employers will hire applicants who have not yet passed a certification exam and help their new team members through the certification process by paying for study materials and providing special training.

Actuarial Job Market

The Bureau of Labor Statistics projects growth that is far above average in the actuarial job market in upcoming years. Part of this is because the nation’s evolving medical needs will mean that the health insurance industry will require more support. However, unlike other jobs in the accounting arena, like general accounting jobsand billing accountant jobs, actuaries enter into a relatively sparsely populated field. This means that even a large percentage of growth in actuarial jobs does not necessarily mean that openings will be plentiful.

Actuarial Job Salary Information

Actuaries make a comfortable living. The median annual wage is above $90,000. About 10 percent of actuaries earn less than $55,000, and about 10 percent earn more than $175,000.

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1000+ Actuarial jobs found on Monster.

Jobs 1 to 20 of 5009
Prudential Financial Inc Iselin, NJ
Qualifications · Superior technical expertise in quantitative and/or actuarial risk-based modeling; ability to perform complex analytical work in assessing and modeling financial, investment, and actuarial risks, reserving, capital modeling and/or management, and hedging. · Experience with C++, VBA, or similar Dot Net language. Experience in development of actuarial models written in these langu...
Anthem, Inc. is one of the nation's leading health benefits companies and a Fortune Top 50 company. At Anthem, Inc., we are working together to transform health care with trusted and caring solutions. Bring your expertise to our innovative culture where you will have the opportunity to make a difference in people’s lives, and to take your career further than you can imagine. Actuarial Analyst or...
Overview: If you want to make a positive difference and stand out from the crowd, you’ll fit in at The Standard (...
Prudential Retirement is an industry leader in Stable Value, Pension Risk Transfer, Structured Settlements, and Full Service businesses. The 10P Senior Actuarial Associate, Actuarial Modeling, is a position on the actuarial modeling team in support of the PRT Longevity modeling (Sequoia) platform, with the following primary responsibilities: PRIMARY RESPONSIBILITIES: · Directly involved in the m...
Liberty Mutual Insurance Boston, MA
Skip to Main Content Personal Insurance Auto Insurance Home Insurance Renters Insurance Condo Insurance Life Insurance View all Personal Insurance Business Insurance Small-Midsize Business Coverages Large Business Coverages Coverages by Industry LIU Global Specialty Lines Employee Benefits Surety Bonds Business Insurance Home International About Us About Our Company Investor Rel...
Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financ...
Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financ...
Prudential Newark, NJ
Job Description The individual will be an integral part of the Valuation team within the Financial Management – Corporate Actuarial unit. The team is responsible for the valuation of individual annuities, which includes: operating and maintaining valuation systems and processes, managing the actuarial related financial and risk reporting, providing in-depth GAAP earnings and Statutory capital ana...
Prudential Financial Inc Newark, NJ
Qualifications § Strong knowledge of valuation and financial reporting. § Experience in valuation production processes and data management. § Knowledge of the individual annuity product would be beneficial. § Strong analytical/mathematical skills. § Strong time management and organizational skills. § Capable of handling multiple tasks within tight time frames. § Highly motivated, creative p...
The individual will be an integral part of the Valuation team within the Financial Management – Corporate Actuarial unit. The team is responsible for the valuation of individual annuities, which includes: operating and maintaining valuation systems and processes, managing the actuarial related financial and risk reporting, providing in-depth GAAP earnings and Statutory capital analysis. It is a ve...
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference. International Actuarial & Analytics Senior Actuarial Ass...
Deloitte Consulting LLP seeks a Consultant, Human Capital, Actuarial, Reward & Analytics - Health Actuarial in Minneapolis, MN and various unanticipated Deloitte office locations and client sites nationally. Deliver strategic and technical actuarial consulting services. Prepare managed care plan design and pricing studies. Requirements: Bachelor's degree or equivalent in Mathematics, Economics, Ac...
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference. International Actuarial & Analytics Senior Actuarial Ass...
JOB SUMMARY: Work with Corporate Actuarial and Corporate Accounting to ensure accuracy of project results Develop relationships within business units, including Product Development and Information Technology Participate in the Society of Actuaries’ examination program with a satisfactory pass record per SFG's actuarial study program guidelines JOB FUNCTIONS (Asset Liability Management) : Code...
JOB SUMMARY: Work with Corporate Actuarial and Corporate Accounting to ensure accuracy of project results Develop relationships within business units, including Product Development and Information Technology Participate in the Society of Actuaries’ examination program with a satisfactory pass record per SFG's actuarial study program guidelines JOB FUNCTIONS (Asset Liability Management) : Code...
Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world's leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financ...
Advance your Actuarial career at Liberty Mutual - A Fortune 100 Company! The State Management group has an opening for an Actuarial Analyst or Senior Actuarial Analyst. Under general direction, the analyst will be responsible for supporting up to 3 Directors of State Operations (DSOs) on the auto and property lines of business by producing justification for rate filings, making recommendations ba...
Searchamericanjobs New York, NY
Anthem, Inc. is one of the nation's leading health benefits companies and a Fortune Top 50 company. At Anthem, Inc., we are working together to transform health care with trusted and caring solutions. Bring your expertise to our innovative culture where you will have the opportunity to make a difference in people’s lives, and to take your career further than you can imagine. *Actuarial Analyst, ...
Job Summary: Accurately and efficiently perform the technical tasks needed to provide support to the valuation and modeling process. Essential Functions: Code new products into actuarial valuation and / or modeling software with product features and actuarial assumptions; work with fixed, indexed and variable universal life insurance, term life insurance, immediate annuities, and fixed, indexed...
Job Summary: Accurately and efficiently perform the technical tasks needed to provide support to the valuation and modeling process. Essential Functions: Code new products into actuarial valuation and / or modeling software with product features and actuarial assumptions; work with fixed, indexed and variable universal life insurance, term life insurance, immediate annuities, and fixed, indexed...

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Accounting Career Tools

Actuarial Analyst

Salaries

$42,000.00 - $91,840.00
Typical Salary for Actuarial Analyst
(107 Respondents)
Source: Monster.com Careerbenchmarking Tool

Education / Training

Bachelor's
73.3%
Master's
21.7%
Doctorate
3.3%
(60 Respondents)
Source: Monster.com Careerbenchmarking Tool

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