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Actuarial Associate Jobs in Michigan (NOW HIRING)

Actuary

Livonia, MI ยท On-site +1

We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of ... Translate complex actuarial analyses into practical business recommendations. Regulation and ...

Actuary

Livonia, MI ยท On-site

$140 - $210/hr

We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of ... Translate complex actuarial analyses into practical business recommendations. Regulation and ...

Actuary

Livonia, MI ยท Hybrid

We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of ... Translate complex actuarial analyses into practical business recommendations. Regulation and ...

ACAS (Associate of the Casualty Actuarial Society) preferred * Actuarial analysis on Commercial Auto lines insurance preferred * Experience with MGA/Programs pricing, fronting, large deductibles ...

As an Actuarial Manager, you will apply actuarial, strategic, and analytical experience to help ... Associate of the Society of Actuaries (ASA) with progression to Fellow of the Society of Actuaries ...

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Accountant Bookkeeper

Royal Oak, MI ยท On-site

$25 - $28/hr

... Harper Associates We are seeking a dependable and detail oriented Administrative Accounting ... Prepare and organize documentation required for actuarial review and annual plan reporting * Assist ...

Our group of caring associates create financial security by helping individuals and businesses make ... Successful completion of actuarial exams or other Company approved courses is preferred. These ...

Showing results 21-40

Actuarial Associate information

See Michigan salary details

$44.5K

$99.1K

$137.7K

How much do actuarial associate jobs pay per year?

As of Sep 4, 2026, the average yearly pay for actuarial associate in Michigan is $99,081.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,900.00 and $110,700.00 per year, depending on experience, location, and employer.

What is an actuarial associate?

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 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 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 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.

What are the most commonly searched types of Actuarial jobs in Michigan?

The most popular types of Actuarial jobs in Michigan are:

What cities in Michigan are hiring for Actuarial Associate jobs?

Cities in Michigan with the most Actuarial Associate job openings:

Infographic showing various Actuarial Associate job openings in Michigan as of August 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 66% In-person, 6% Hybrid, and 28% Remote job distribution, with an average salary of $99,081 per year, or $47.6 per hour.

Full-time

Re-posted yesterday


Job description

Overview
Why AAA Life
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them - and their families - when we're needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
How You'll Work
  • Work Solution: Hybrid

Responsibilities
Operating within the core values and operating principles of the organization, the Actuary may have wide range of responsibilities that may include but not be limited to valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing & product develop, data analytics and data science, product management, underwriting and risk pricing.
This position will be expected to interact with all areas of the company and as a coach to less experienced actuaries in the company. They will be expected to assist in planning and organizing short- and long-term activities necessary to achieve established goals and is expected to stay current on the latest trends impacting life insurance and annuity business.
Pricing and Profitability:
  • Lead pricing analyses for life insurance products across multiple channels.
  • Evaluate profitability, capital efficiency, competitive position, and risk-return trade-offs.
  • Develop recommendations for pricing action, product redesign, or portfolio strategy.

Modeling and Analytics:
  • Build, maintain, and enhance pricing and financial projection models.
  • Improve model structure, controls, documentation, automation, and repeatability.
  • Use tools such as Excel, SQL, Power BI, Python, VBA, ALFA, MG-ALFA, or similar platforms to improve efficiency and insight.

Assumptions and Risk:
  • Analyze mortality, lapse, expense, premium persistency, and distribution assumptions.
  • Assess sensitivity, scenario, and stress results to identify key profitability drivers.
  • Develop defensible recommendations for assumption updates and risk mitigation.

Product and Strategy:
  • Partner with Product Development, Distribution, Finance, Reinsurance, Compliance, and Valuation.
  • Evaluate new product opportunities, distribution strategies, allowable acquisition economics, and portfolio optimization options.
  • Translate complex actuarial analyses into practical business recommendations.

Regulation and Governance:
  • Support state filing work, actuarial memoranda, and regulatory responses.
  • Ensure pricing decisions are well documented, controlled, and defensible.
  • Contribute to pricing governance, model risk management, and audit-ready documentation standards.

Qualifications
Required Qualifications
  • Fellow of the Society of Actuaries (FSA)
  • 5+ years of actuarial experience in life insurance, annuities, or related financial services.
  • Strong understanding of insurance pricing fundamentals and financial projection concepts.
  • Experience building, validating, or improving actuarial models.
  • Excellent problem-solving skills and comfort working through ambiguous questions.
  • Strong communication skills, including the ability to explain technical analyses to non-technical audiences.

Preferred Qualifications
  • Experience with life insurance product development, pricing, or reinsurance.
  • Familiarity with state insurance filings, actuarial memoranda, and regulatory constraints.
  • Experience presenting analysis and recommendations to senior leaders.
  • Demonstrated ability to improve processes, strengthen controls, and create scalable modeling frameworks.
  • Technical capability with Excel, SQL, Power BI, VBA, Slope, or similar tools.

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.