Actuary Jobs

Actuary Job Overview

Actuaries work in an office environment. Insurance agencies or financial brokerage firms typically employ an Actuary. Their job is to assess the financial risk involved in certain investments or insuring businesses or people. They gather and analyze much information to make their determination. Using statistical data, they determine the long-term solvency of an investment or business. It is the goal of an Actuary to help the company they work for protect itself against unreasonable risk and possible profit loss. Actuaries have a keen understanding of risk and use their analytical skills to minimize the risks for the companies that employee them.

Actuary Job Education Requirements

Someone interested in becoming an Actuary would need to earn a bachelor's degree. There is not a specific degree for Actuaries, but they would need to concentrate on math, statistics and business classes. Once they have a degree, a person would need to take a series of exams to become a certified Actuary. After passing the first two exams, they become qualified to work in a low-level actuary position. It takes a lot of time and study to prepare for each of the exams. Passing all of the exams usually takes between four and six years. After passing the exams, an actuary would get certification from either the Casual Actuarial Society or the Society of Actuaries.

Actuary Job Market

From 2012 to 2022, the actuary job market is expected to grow by 26 percent. The industry is expecting 6,300 new jobs over this span. Some of these jobs will come as a result of new healthcare laws. As the coverage requirements change and the number of customer increases, insurance companies will need more Actuaries to determine the risks. Also, an increase in storms and their severity will require more Actuaries accessing the risk on insuring personal property, homes and businesses. There are several other fields similar to actuaries that someone might be interested in pursuing. Other jobs to consider are Financial Analyst and Insurance Underwriters positions.

Actuary Job Salary Information

Actuary jobs are well paid with full-time employment and benefits. The average salary of an actuary is $93,680 or $45.04 per hour. While the lowest earners make an average of $55,780 per year, the highest paid actuaries earn an average of $175,330 annually.
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1000+ Actuary jobs found on Monster.

Jobs 1 to 20 of 1707
Leading Fortune 500 company dedicated to helping people secure their financial lives, families and futures, has an oprrptunity for in . Richmond, VA. Our client has approximately 6,400 employees operating through three divisions around the world. We are seeking Director level and Associate level Actuary candidates. RESPONSIBILITIES •Work on the Valuation analysis projects including GAAP, STAT an...
The Hanover Insurance Group , Inc. Worcester, MA
Actuary / Associate Actuary - Corporate Actuarial Job ID #: 5999 Location: Worcester, MA Functional Area: Actuarial SBU: 45002 - Corporate Actuarial Position Type: Full - Time Education Required: Bachelors Degree Experience Required: 5 - 7 Years Relocation Provided: Job Description “Where Great People Build Successful Careers!” The Hanover Insurance Group is seeking Business Insurance Regi...
Travelers Insurance St. Paul, MN
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. Travelers Oil and Gas is the marketplace leader in providing ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Plano, TX, 75023
Company Description The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies a...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
TransAmerica Life Insurance Company Cedar Rapids, IA, 52402
Company Description: The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a strong reputation on solid management, sound decisions and consumer confidence. The Transamerica companies ...
The Travelers Companies Saint Paul, MN, 55102
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. Travelers Oil and Gas is the marketplace leader in provi...
Liberty Mutual Holding Company Inc. Boston, MA, 02298
Advance your actuarial career at Liberty Mutual Insurance - A Fortune 100 Company! Liberty Mutual's Corporate Actuarial Research group is responsible for providing expertise and guidance for LMI capital allocation and for the design, refinement, and maintenance of the Corporate Economic Capital Model (ECM). In addition, the group also conducts research on a wide range of topics such as: risk quan...
The Travelers Companies Hartford, CT, 06183
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. Business Insurance Actuarial Product seeks an inquisitiv...
Travelers Insurance Hartford;MN, CT
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. Summary: This position offers a great opportunity to gain bo...
Hanover Insurance Group Worcester, MA, 01601
“Where Great People Build Successful Careers!” The Hanover Insurance Group is seeking Business Insurance Regional Pricing Actuary - Pacific Region to join our growing team at our corporate headquarters in Worcester, MA. Proud history…Smart growth…The best company for outstanding professionals. The Hanover is proud to be among the top 25 property and casualty insurers in the United States. The comp...
Division : Personal Lines Work Location(s) : United States-Wisconsin-Madison Full/Part Time : Full-Time Position Objective The Pricing Strategist works with the Product Directors and other members of the state teams on setting state and regional pricing strategies to strengthen profit and growth for all lines of business. Develops pricing scenarios and proactively communicates pricing analys...

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Accounting Career Tools

Actuarial Compliance Analyst

Salaries

$2,500.00 - $95,000.00
Typical Salary for Actuarial Compliance Analyst
(9 Respondents)
Source: Monster.com Careerbenchmarking Tool

Education / Training

Bachelor's
80%
Master's
20%
(5 Respondents)
Source: Monster.com Careerbenchmarking Tool

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If you're great at math and love analyzing problems and taking tests, a career as an actuary might be for you.
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