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

TekSky

Senior Safety Engineer

Washington, DC · On-site

$118K - $162K/yr

Support, advise, and assist FAA R&D and modernization projects by conducting SRM. * Ability to ... Training in decision science, decision analysis, or actuarial science * Modeling and simulation ...

Umd

Intellectual Property Associate

College Park, MD · On-site

$77K - $93K/yr

The Intellectual Property Associate reports to the Assistant Director, Operations. Physical Demands: Sedentary work performed in a normal office environment; exerts up to 10 pounds of force ...

General Dynamics

Senior Manager, Corporate Finance

Reston, VA · On-site

$113K - $154K/yr

Pension strategy analysis, including relationships with OCIOs and actuaries for funds exceeding $10 ... Please provide your contact information and let us know how we can assist you. Important Links:

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All JobsActuarial JobsActuarial Assistant JobsActuarial Assistant Jobs in Silver Spring, MD

Actuarial Assistant information

See Silver Spring, MD salary details

$81.7K

$87.9K

$92.5K

How much do actuarial assistant jobs pay per year?

As of Aug 22, 2026, the average yearly pay for actuarial assistant in Silver Spring, MD is $87,871.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,300.00 and $90,500.00 per year, depending on experience, location, and employer.

What is an actuarial assistant?

Actuarial Assistants are entry-level professionals who support actuaries in analyzing statistical data, preparing reports, and performing calculations related to insurance, pensions, finance, and risk management. They typically assist in gathering data, running actuarial models, and ensuring the accuracy of calculations. Actuarial Assistants often work under the supervision of experienced actuaries and may be preparing for actuarial exams to advance their careers. Their work is essential in helping organizations make informed decisions about financial risk and policy pricing.

What does an actuarial assistant do?

Actuaries work in the insurance and underwriting industry, calculating the economic costs of risk, rating risk management strategies, pricing insurance, and hedging against financial loss. The job duties of an actuarial assistant and assistant actuary are to compile and compute quantitative data for statistical analysis used in calculating valuation, risk, and loss. They work under the supervision of an actuary, developing and creating charts and graphs based on actuarial computations. An actuarial assistant also contributes to reports and makes recommendations to the company or its clients about the ways they can minimize or offset risk.

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

To thrive as an Actuarial Assistant, you need strong analytical and mathematical skills, a bachelor's degree in mathematics, statistics, or a related field, and progress toward actuarial exams. Familiarity with actuarial modeling software (such as SAS, Prophet, or Excel), and knowledge of industry regulations and data analysis tools is typically required. Attention to detail, problem-solving abilities, and effective communication skills help you interpret data and collaborate with teams. These capabilities are crucial for accurately assessing risk, supporting decision-making, and contributing to the financial stability of insurance or financial organizations.

How does an actuarial assistant typically collaborate with other departments within an insurance company?

Actuarial Assistants frequently work with teams in underwriting, finance, and IT to gather data, develop pricing models, and ensure accurate reporting. They often participate in cross-functional meetings to discuss risk assessments and product development. This collaboration helps Actuarial Assistants gain a broader perspective of the business and build relationships that are valuable for career growth within the organization.

What is the difference between Actuarial Assistant vs Actuarial Analyst?

AspectActuarial AssistantActuarial Analyst
Required CredentialsTypically pursuing actuarial exams, some may have a bachelor's degreeOften has passed some exams, with more experience and education
Work EnvironmentEntry-level, supportive role in insurance or consulting firmsMore analytical responsibilities, working on models and reports
Employer & Industry UsageCommon in insurance, pension, and consulting firmsUsed across similar industries, often as a step toward actuary certification

The main difference between an Actuarial Assistant and an Actuarial Analyst lies in experience and responsibilities. Actuarial Assistants are typically entry-level, supporting senior staff while working towards actuarial credentials. Actuarial Analysts have usually passed more exams and handle more complex analysis and modeling tasks. Both roles are vital in the actuarial field, with the Analyst position representing a step closer to becoming a fully credentialed actuary.

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What are the most commonly searched types of Actuarial jobs in Silver Spring, MD?

The most popular types of Actuarial jobs in Silver Spring, MD are:

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Actuarial Assistant jobs near you
Infographic showing various Actuarial Assistant job openings in Silver Spring, MD as of August 2026, with employment types broken down into 100% Full Time. Highlights an 88% In-person, 6% Hybrid, and 6% Remote job distribution, with an average salary of $87,871 per year, or $42.2 per hour.

Sr. Principal Lead Health Actuary Consultant

NACBA

Washington, DC • On-site

$150 - $226/hr

Other

Medical, Retirement

Posted 17 days ago

Job description

We are seeking an experience Health Actuary Leader to join our Actuarial and Financial Consulting teams at Mercer. This hybrid role (minimum of 3 days in the office) can be located an any of our office locations across the United States.

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We're in the business of creating exciting and rewarding futures for our clients and their employees - whether we're designing affordable health plans, securing finances for retirement, or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions, now and in the future. Our holistic view and deep expertise allow us to see client's current and future needs through a lens of innovation and impact and every idea and solution we offer.

Sr. Principal Lead Health Actuary ConsultantWhat can you expect?
  • Responsible for managing client projects that focus on employers' health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well-being initiatives and renewal negotiations
  • Create deliverables and provide direction to analysts and associates, while serving as one of the primary financial client contacts
  • Present deliverables to clients in partnership with senior members of the client teams
What's in it for you?
  • Excellent growth, mobility and advancement opportunities
  • Considerable opportunity to network with senior actuaries across the country
  • Option to support intellectual capital or business development across the market
  • Opportunity to participate in various business resource groups like Rising Professional Network, Women at Mercer, PRIDE our LBGTQ+ group among others
We will count on you to:
  • Lead routine client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking and other projects associated with underwriting health and welfare insurance, brokering contracts or projecting health care related costs.
  • Review the data analyses that are conducted by junior staff members to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
  • Perform and review complex analyses and cost projections by using or modifying existing products, tools, and pricing models in Excel, SAS, and other software with potential specialization in certain areas of health care related insurance.
  • Draft and review client reports or presentations to summarize findings and implications, and to recommend a strategy, solution, or plan design to the client
What you need to have:
  • BA/BS degree in actuarial science, math, statistics, finance, economics or related field required
  • 15+ years' experience working in an actuarial field, consulting experience preferred
  • ASA/FSA credential
  • Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office-Word, Excel, and PowerPoint
  • Proven project management skills and creative problem-solving abilities
  • Ability to work in teams and be flexible to work under tight deadlines and changing client needs

The applicable base salary range for this role is $150,000 to $225,500.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

Applications with be accepted through September 11.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.

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