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Actuarial Analyst Jobs in Silver Spring, MD (NOW HIRING)

Actuarial Analyst III Actuarial Analyst III Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support ...

Actuarial Analyst III Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work ...

Senior Actuarial Analyst

Bethesda, MD · On-site

$95K - $157K/yr

GEICO is looking for a Senior Actuarial Analyst to join the Reserving Team. The Reserving team is responsible for analyzing claims data and recommending reserves. Reserving books reserves monthly ...

Senior Actuarial Analyst

Bethesda, MD · Hybrid

$95K - $157K/yr

GEICO is looking for a Senior Actuarial Analyst to join the Reserving Team. The Reserving team is responsible for analyzing claims data and recommending reserves. Reserving books reserves monthly ...

Senior Actuary

Baltimore, MD · On-site

$90 - $120/hr

Advise staff and management on actuarial matters, offering technical expertise, analysis, and recommendations to support regulatory decision-making. Provide actuarial testimony and expert opinions ...

Capital $680 Million Role Responsibilities within this Role Actuarial & Analytical Duties (60%): * Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance ...

Capital $680 Million Role Responsibilities within this Role Actuarial & Analytical Duties (60%): * Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance ...

Provide high-level reviews of statements of actuarial opinion, underwritings, and other actuarial analyses and projections * Contribute to business development by identifying growth opportunities and ...

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Actuarial Analyst information

See Silver Spring, MD salary details

$22.7K

$96.7K

$159.2K

How much do actuarial analyst jobs pay per year?

As of Aug 17, 2026, the average yearly pay for actuarial analyst in Silver Spring, MD is $96,684.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,900.00 and $113,200.00 per year, depending on experience, location, and employer.

What is an actuarial analyst?

Insurance companies hire actuarial analysts to measure the probability of accidents, injuries, product failures, and deaths that can occur within specific circumstances. In this job, you calculate the potential costs for these events. This data allows insurance companies to create policies and assign price values. This career also requires strong computer skills, advanced research capabilities, and proficiency in mathematics.

What are the key skills and qualifications needed to thrive as an actuarial analyst, and why are they important?

To thrive as an Actuarial Analyst, you need a strong background in mathematics, statistics, and data analysis, often supported by a bachelor's degree in actuarial science, mathematics, or a related field. Familiarity with actuarial software (such as Prophet or AXIS), Excel, and progress toward professional actuarial exams (like those from the SOA or CAS) are typically expected. Analytical thinking, attention to detail, and effective communication are essential soft skills for interpreting complex data and collaborating with colleagues. These competencies are crucial for producing accurate risk assessments and supporting sound financial decision-making within insurance and finance industries.

What are some common challenges faced by actuarial analysts in their day-to-day work?

Actuarial Analysts often encounter the challenge of working with large, complex data sets that require strong attention to detail and advanced analytical skills. Managing tight deadlines, especially during financial reporting periods, can add pressure to the role. Additionally, communicating technical findings to non-technical stakeholders requires clear and effective communication skills. Balancing accuracy with efficiency and adapting to evolving regulatory standards are also common aspects of the job.

What is the difference between Actuarial Analyst vs Actuarial Associate?

AspectActuarial AnalystActuarial Associate
CredentialsTypically pursuing actuarial exams, bachelor's degree in math, statistics, or related fieldOften has completed some exams, may hold or be close to professional certification (e.g., ASA)
Work EnvironmentInsurance companies, consulting firms, or government agencies; focus on data analysis and modelingSimilar environment, with increased responsibilities and client interaction
Job ResponsibilitiesData analysis, basic actuarial modeling, supporting senior actuariesMore complex modeling, report preparation, and project management

The main difference between an Actuarial Analyst and an Actuarial Associate lies in experience and responsibilities. Actuarial Associates typically have advanced exam progress and handle more complex tasks, often supervising analysts. Both roles work in similar environments and require strong analytical skills, but the Associate position involves greater accountability and client-facing duties.

What are popular job titles related to Actuarial Analyst jobs in Silver Spring, MD?

For Actuarial Analyst jobs in Silver Spring, MD, the most frequently searched job titles are:

What job categories do people searching Actuarial Analyst jobs in Silver Spring, MD look for?

The top searched job categories for Actuarial Analyst jobs in Silver Spring, MD are:

What cities near Silver Spring, MD are hiring for Actuarial Analyst jobs?

Cities near Silver Spring, MD with the most Actuarial Analyst job openings:

Infographic showing various Actuarial Analyst job openings in Silver Spring, MD as of August 2026, with employment types broken down into 1% Internship, 81% Full Time, 11% Part Time, and 7% Contract. Highlights an 80% Physical, 10% Hybrid, and 10% Remote job distribution, with an average salary of $96,684 per year, or $46.5 per hour.

$89K - $170K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 29 days ago


Elevance Health rating

7.7

Company rating: 7.7 out of 10

Based on 351 frontline employees who took The Breakroom Quiz

204th of 309 rated insurance


Job description

Anticipated End Date:

2026-08-28

Position Title:

Actuarial Analyst III

Job Description:

Actuarial Analyst III

Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
The Actuarial Analyst III completes very diverse and complicated projects and performs very complex actuarial studies.
How you will make an impact:

  • Analyzes and implements risk contracts including conducting experience analyses, pricing, filing and settlement work; and prepares management reports supporting new capitation initiatives.
  • Assists in training of actuarial trainees, analysts and specialists.
  • Coordinates/directs special actuarial projects.


Minimum Requirements: Requires a BA/BS and to have passed a minimum of four Society of Actuaries (SOA) actuarial exams and a minimum of 3 years related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

  • Intermediate Excel experience strongly preferred.
  • Intermediate SQL and/or SAS query experience strongly preferred.
  • Health insurance industry experience preferred.
  • Medicaid experience preferred.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $89,832 to $170,208.

Locations: California; Illinois; Maine; Maryland; Massachusetts; Minnesota; New York; Virginia

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

*The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, paid time off, stock, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

Job Level:

Non-Management Exempt

Workshift:

Job Family:

ACT > Actuarial

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.


Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.


How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.


We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.


Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.


The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.


Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.


Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words - the job is posted until 3/13, not through 3/13.


What Elevance Health employees say

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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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