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Actuarial Associate Salary Jobs (NOW HIRING)

Actuarial Associate Director

Chicago, IL · On-site

$150K - $180K/yr

STG Actuarial Associate Director Location: Chicago, New York, New York, Minneapolis MN Aon is in ... The salary range for this position (intended for U.S. applicants) is $150,000-$180,000 annually.

We are seeking an Actuarial Associate III to help with modeling and data modernization work. This ... Check out our Symetra Benefits Overview Compensation Salary Range:$96,700 - $161,200 plus ...

Retirement Senior Actuarial Associate Location: Burlington, MA Pension and other retirement plans ... The salary range for this position (intended for U.S. applicants) is $110,000-$130,000 annually.

SENIOR ACTUARIAL ASSOCIATE

Manhattan, NY · On-site

$124K - $177K/yr

We provide our actuarial trainees with a broad background in both theoretical and practical ... No Actual base salary will be determined based on several factors but not limited to individual ...

Actuarial Associate - Pricing

Chicago, IL · On-site +1

$95K - $130K/yr

- The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing ... salary and opportunities for professional development and advancement. We offer medical, dental ...

The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing ... salary and opportunities for professional development and advancement. We offer medical, dental ...

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Actuarial Associate Salary information

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$51K

$113.7K

$158K

How much do actuarial associate salary jobs pay per year?

As of Sep 3, 2026, the average yearly pay for actuarial associate salary 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 is the average salary for an actuarial associate?

The average salary for an Actuarial Associate in the United States typically ranges from $65,000 to $90,000 per year, depending on factors such as location, level of education, experience, and the specific employer. Entry-level positions may start on the lower end of the range, while those with a few years of experience and passed actuarial exams can expect higher compensation. In addition to base salary, Actuarial Associates may receive bonuses and other benefits, which can further increase total compensation.

What are the key skills and qualifications needed to thrive as an actuarial associate?

To thrive as an Actuarial Associate, you need strong analytical skills, mathematical proficiency, and typically a bachelor's degree in mathematics, actuarial science, statistics, or a related field, often alongside progress in actuarial exams. Familiarity with statistical software, spreadsheets, and actuarial modeling tools such as Excel, SAS, or Prophet is commonly required. Attention to detail, problem-solving, and effective communication are vital soft skills for translating complex data into actionable business insights. These skills ensure accurate risk assessment and informed decision-making, which are crucial for financial stability in insurance and related industries.

What are some typical challenges an actuarial associate faces when working with cross-functional teams?

Actuarial Associates often collaborate with underwriters, data analysts, and finance professionals to assess risk and develop pricing models. One common challenge is translating complex actuarial concepts into clear, actionable insights for colleagues who may not have a technical background. Additionally, balancing tight deadlines with the need for accuracy in calculations requires strong time management and communication skills. Building relationships and understanding the workflows of other departments can help Actuarial Associates contribute effectively and ensure their analyses support broader business objectives.

What is the difference between Actuarial Associate Salary vs Actuarial Analyst Salary?

AspectActuarial Associate SalaryActuarial Analyst Salary
Required CredentialsTypically requires ASA or near completion of actuarial examsUsually at the early exam stage or just starting exams
Work EnvironmentInsurance, consulting, or financial services firmsInsurance companies, consulting firms, or government agencies
Employer & Industry UsageCommonly used in the same industries, often interchangeable in entry-level rolesOften a starting role for aspiring actuaries, with similar industry applications

In summary, Actuarial Associate and Actuarial Analyst salaries are similar, with the Associate role often requiring more completed exams or credentials. Both roles are entry-level positions in the actuarial field, working in similar environments and industries, and serve as stepping stones toward advanced actuarial roles.

How much do actuarial associates earn?

Actuarial associates typically earn between $60,000 and $80,000 annually, depending on experience, location, and industry. Entry-level positions often start around $55,000, with salaries increasing as professionals pass actuarial exams and gain certifications like ASA or FSA.

What does an actuarial associate do?

An actuarial associate analyzes statistical data to assess risk for insurance companies, pension plans, or financial institutions. They perform calculations, develop models, and support senior actuaries while working towards professional certifications like the ASA. The role often involves using specialized software and adhering to industry standards and deadlines.
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Infographic showing various Actuarial Associate Salary job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $113,678 per year, or $54.7 per hour.

Actuarial Associate Director

Aon Corporation

Chicago, IL • On-site

$150K - $180K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Aon rating

8.3

Company rating: 8.3 out of 10

Based on 79 frontline employees who took The Breakroom Quiz

36th of 152 rated financial services


Job description

STG Actuarial Associate Director
Location: Chicago, New York, New York, Minneapolis MN
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
Aon's Strategy and Technology Group (STG) is seeking an experienced actuary to join their consulting team and help to accelerate the development of their actuarial advisory business focused on clients in the insurance and reinsurance industries. STG is Aon's new global consulting and technology business focused on, but not limited to, insurance and reinsurance companies and other participants in the insurance industry. Primary role will be reserving with secondary focus on pricing and/or capital modeling.
Key Responsibilities
Reserving
  • Lead the preparation, analysis, and presentation of quarterly loss and LAE reserve levels using standard actuarial reserving methodologies, ensuring results are clearly communicated to clients and stakeholders.
  • Conduct qualitative and quantitative analyses-including data exploration, forecasting, and modeling-to identify trends, deviations, and key drivers of reserve results, offering proactive insights and recommendations.
  • Oversee the allocation of held bulk reserves to granular levels as directed by clients, and provide support to accounting teams for loss-based accruals.
  • Perform quality assurance checks and peer reviews on the work of team members, ensuring technical accuracy, integrity, and adherence to internal and external standards.
  • Review and evaluate existing procedures and operations, recommending and implementing improvements for greater efficiency and effectiveness both internally and for clients.

Pricing & Predictive Modeling
  • Knowledgeable on pricing strategies using predictive analytics, actuarial techniques, and machine learning.
  • Build and refine pricing models to improve risk segmentation, profitability, and competitive positioning.
  • Ensure pricing approaches align with regulatory requirements and market dynamics.

Skills and experience that will lead to success
  • 7+ years of experience in Actuarial Reserving and Reserve Analysis for P&C insurance.
  • ACAS or equivalent credential required
  • Experience with NAIC Statements of Actuarial Opinions is preferred
  • Experience in actuarial pricing methods, GLMs, machine learning, and regulatory frameworks is preferred
  • Proven leadership in client-facing roles, with a track record of delivering strategic pricing and modeling solutions
  • Proficiency in R, SQL, Python, or similar languages preferred
  • Bachelor's or Master's degree in Actuarial Science, Statistics, Data Science, Economics, a related field or equivalent years of industry experience

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
Pay Transparency Laws:
The salary range for this position (intended for U.S. applicants) is $150,000-$180,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.
This position is eligible to participate in one of Aon's annual incentive plans to receive [an annual discretionary bonus] in addition to base salary. The amount of any [bonus] varies and is subject to the terms and conditions of the applicable incentive plan.
A summary of all the benefits offered for this position:
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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About Aon

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Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992