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Actuarial Associate Jobs (NOW HIRING)

As an Actuarial Associate, you could be responsible for a variety of tasks and learning opportunities such as: * Financial Reporting - Calculate US GAAP (FAS 133, MRB, LFPB, DAC, etc.) reserve or US ...

Actuarial Associate

Madison, WI ยท On-site

$88K - $152K/yr

The Actuarial Associate will analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates ...

As an Actuarial Associate, you could be responsible for a variety of tasks and learning opportunities such as: * Financial Reporting - Calculate US GAAP (FAS 133, MRB, LFPB, DAC, etc.) reserve or US ...

Actuarial Associate

Minnetonka, MN ยท On-site

$88K - $152K/yr

The Actuarial Associate will analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates ...

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners. The Businessowners Product team is responsible for Businessowners and ...

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

If you're looking to be a part of a high-performing, collaborative, and dedicated team, M Financial Group is in search of our next Actuarial Associate to join our team. Summary: Primary ...

If you're looking to be a part of a high-performing, collaborative, and dedicated team, M Financial Group is in search of our next Actuarial Associate to join our team. Summary: Primary ...

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

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Actuarial Associate information

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$51K

$113.7K

$158K

How much do actuarial associate jobs pay per year?

As of Jun 9, 2026, the average yearly pay for actuarial associate in the United States is $113,678.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $127,000.00 per year, depending on experience, location, and employer.

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

To thrive as an Actuarial Associate, you need strong analytical skills, mathematical proficiency, and a bachelor's degree in actuarial science, mathematics, statistics, or a related field, often complemented by progress in actuarial exams. Familiarity with actuarial software (such as Prophet or SAS), spreadsheet tools like Excel, and programming languages like SQL or Python is important, along with membership or candidacy in professional actuarial societies. Attention to detail, problem-solving ability, and effective communication stand out as crucial soft skills for this role. These competencies ensure accurate risk assessment, effective collaboration, and informed decision-making in insurance, finance, or consulting environments.

What are Actuarial Associates?

Actuarial Associates are professionals who use mathematics, statistics, and financial theory to analyze risk and uncertainty, primarily for insurance companies, consulting firms, and other financial institutions. They typically assist senior actuaries in gathering and analyzing data, preparing reports, and developing models to predict future events such as insurance claims or pension payouts. Actuarial Associates are often working towards their professional actuarial credentials by passing a series of exams. Their work is crucial in helping organizations make informed decisions about pricing, investments, and risk management.

What are some common challenges Actuarial Associates face when transitioning from academic study to a professional work environment?

Actuarial Associates often find the shift from academic settings to professional environments challenging due to the increased emphasis on collaboration, communication, and meeting business deadlines. Unlike the structured nature of exams, real-world projects require balancing multiple tasks, adapting to rapidly changing priorities, and clearly explaining complex analyses to non-technical stakeholders. Additionally, navigating actuarial software and learning company-specific processes can be a steep learning curve. However, most teams provide mentoring and structured onboarding programs to help new associates adapt and succeed.

What is the difference between Actuarial Associate vs Actuarial Analyst?

AspectActuarial AssociateActuarial Analyst
CredentialsTypically requires passing 2-4 actuarial exams, often pursuing ASA designationUsually requires passing 1-3 exams, often at early stages of ASA or similar
Work EnvironmentCorporate insurance or consulting firms, performing complex analysisInsurance companies, consulting firms, focusing on data analysis and modeling
Employer & Industry UsageCommon in insurance, pension, and consulting sectorsWidely used in insurance and financial services

The main difference between an Actuarial Associate and an Actuarial Analyst lies in experience level, exam progress, and responsibilities. Actuarial Associates typically have more exams passed and handle more complex tasks, while Actuarial Analysts focus on data analysis and supporting actuarial work at earlier stages of their careers.

More about Actuarial Associate jobs
What cities are hiring for Actuarial Associate jobs? Cities with the most Actuarial Associate job openings:
What are the most commonly searched types of Actuarial jobs? The most popular types of Actuarial jobs are:
Who are the top companies hiring for Actuarial Associate jobs? The top employers for Actuarial Associate jobs are:
What states have the most Actuarial Associate jobs? States with the most job openings for Actuarial Associate jobs include:
Infographic showing various Actuarial Associate job openings in the United States as of May 2026, with employment types broken down into 2% As Needed, 2% Full Time, 95% Part Time, and 1% Nights. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $113,678 per year, or $54.7 per hour.
Actuarial Associate

Actuarial Associate

American Equity

Des Moines, IA โ€ข On-site

Full-time

Posted 28 days ago


Job description

At American Equity we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, headquartered in Des Moines, Iowa, for over thirty years with satellite offices in Charlotte, NC and New York, NY.
GENERAL PURPOSE OF THE JOB:
The Actuarial Student Program (ASP) at American Equity is an industry-leading program that demonstrates American Equity' s commitment to creating highly qualified business leaders. As an ASP participant, you'll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed. The Actuarial Student Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different functional areas of the department. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Experience Studies, Modeling and Data Analytics & Actuarial Transformation.
ASP participants are expected to pass the Society of Actuaries' exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.
Additional Program Highlights:
  • Highly competitive compensation package with salary increases and bonuses upon successful exam completion
  • Social and training opportunities to enhance skills, network with ASP participants and build long-lasting industry relationships
  • Dedicated leaders and mentors to assist with career development
  • Work with actuarial and data science software and technologies including MG-ALFA, Python, R, and Tableau
  • Generous study time allowances for each exam sitting
  • Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

**Position is based in Des Moines, IA with an on-site working schedule**
ESSENTIAL DUTIES AND RESPONSIBILITIES:
As an Actuarial Associate, you could be responsible for a variety of tasks and learning opportunities such as:
  • Financial Reporting - Calculate US GAAP (FAS 133, MRB, LFPB, DAC, etc.) reserve or US Statutory reserve on a quarterly basis and assist with explaining results.
  • Cash Flow Testing - Perform annual asset adequacy testing and required reporting enhancements.
  • Assumptions and Experience Monitoring - Compiling inforce data to compare actuals versus expected and developing actuarial assumptions.
  • Actuarial Modeling - Maintain existing actuarial models/tools, assist with mechanical and conceptual troubleshooting.
  • Special Projects - Participate in ad hoc projects such as automation initiatives, modeling updates, unlocking support, and analytic tool build outs.
  • Work with IT to bring inforce data into actuarial environments.
  • Work with actuarial, data science software, and technologies including SQL, Python, R, and Tableau.
  • Develop, expand, and maintain validation tools such as spreadsheets used to verify model results. Create and maintain proper documentation.
  • Support the group's actuarial initiatives and on-going business needs.
  • Complete assigned projects with impactful outputs.
  • Build relationships across different business units and actuarial functions.
  • Collaborate with actuarial team members.
  • Receive coaching and mentorship from senior actuarial team members and leaders.

EDUCATION AND/OR EXPERIENCE:
  • Bachelor's degree in actuarial science, mathematics, statistics or related field of study, or equivalent combination of education/and experience.
  • At least two actuarial exams completed.
  • Experience using SQL, RStudio, Python, VBA preferred.
  • Commitment to continuing the actuarial exam process to obtain ASA Certification.

KNOWLEDGE, SKILLS and ABILITIES:
  • Strong analytical and problem-solving skills, including ability to research and analyze data with little instruction.
  • Strong preference of being self-motivated and results oriented.
  • Exceptional attention to numeric and other details.
  • Effective organization skills.
  • Effective verbal and written communication skills.
  • Ability to work collaboratively and successfully with coworkers, customers, reinsurers, vendors, and other outside third parties.
  • Ability to successfully handle pressure and meet deadlines in a face-paced work environment.
  • Ability to successfully prioritize in an unpredictable workflow to meet deadlines.
  • Demonstrated commitment to continuous learning and development.

This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job-related instructions and be required to perform other job-related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.
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At American Equity, our core values-Empowered, Passion, Integrity, and Caring-are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.
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