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 2891
TransAmerica Life and Protection-V1 Cedar Rapids, IA
Associate Actuary /Assistant Actuary (EBS)-140001CY Description and Qualifications 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 s...
TransAmerica Life and Protection-V1 Cedar Rapids, IA
VA Hedging and Risk Mgmt - Associate Actuary, Level 3 / Assistant Actuary, Level 4-140001XX Description and Qualifications 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...
TransAmerica Life and Protection-V1 Cedar Rapids, IA
Actuary/Sr Actuary- Transformation Sub Lead (I&R)-150000VZ Description and Qualifications 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 reputati...
TransAmerica Life and Protection-V1 Cedar Rapids, IA
Associate Actuary /Assistant Actuary (EBS)-150000YT Description and Qualifications Assistant Actuary or Associate Actuary 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...
TransAmerica Life and Protection-V1 Cedar Rapids, IA
Associate Actuary (level 3)/Actuary (level 2)-140001CX Description and Qualifications 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 o...
Assistant Actuary or Associate Actuary 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...
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 ...
Accurately and efficiently perform the technical tasks needed to provide support to the valuation and modeling process....
Accurately and efficiently perform the technical tasks needed to provide support to the valuation and modeling process....
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 ...
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...
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 ...
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...
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 ...
Position Description: The MA Pricing department is responsible for the development, completion, and submission of the Medicare Advantage bids. Under the direction of the Director of MA Pricing, the Assistant Actuary is responsible for MA bid development, developing financial projections, and analysis of new business development opportunities. Responsibilities: •Development of Medicare Advanta...
Unum, aFortune500 company and an industry leader providing innovative employee benefits, anticipates supplementing its talented work force with FSAs interested in leadership opportunities. With exciting growth plans and well positioned from a financial strength/strong capital perspective, Unum wants to continue to attract and develop the very best financial services talent. We seek individuals wit...
Position Overview: This position is an analytical role which ultimately contributes to the actuarial work product that supports the Company's Appointed Actuary function - Statutory Statements of Actuarial Opinion, Actuarial Opinion Summaries and Actuarial Report, and also provides support for carried reserves disclosed to external parties, including regulatory bodies. This position will also perf...
This position is with MAPFRE Insurance located in Webster, MA. Develops actuarial pricing and/or reserving analyses, in accordance with CAS (Casualty Actuarial Society) principles, to produce indicated overall rate level changes and/or loss and loss adjustment expense reserve levels. Provides actuarial input to other product pricing analyses, such as class plans, territories, new coverages and en...

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