1

Actuarial Associate Jobs in Utah (NOW HIRING)

As a Homeowners Assistant Actuary at Bamboo Insurance, you will contribute to shaping our insurance products and pricing strategies under the guidance of senior actuarial staff. You will work ...

Actuarial Associate information

See Utah salary details

$46.4K

$103.5K

$143.8K

How much do actuarial associate jobs pay per year?

As of Aug 6, 2026, the average yearly pay for actuarial associate in Utah is $103,489.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,700.00 and $115,600.00 per year, depending on experience, location, and employer.

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 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 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 Utah? The most popular types of Actuarial jobs in Utah are:
What cities in Utah are hiring for Actuarial Associate jobs? Cities in Utah with the most Actuarial Associate job openings:
Infographic showing various Actuarial Associate job openings in Utah as of August 2026, with employment types broken down into 1% As Needed, 55% Full Time, 31% Part Time, 1% Temporary, and 12% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $103,489 per year, or $49.8 per hour.

Actuarial Associate

Bamboo Insurance

Midvale, UT • On-site

$130K/yr

Full-time

Re-posted 12 days ago


Job description

Job Summary:

We are seeking a Homeowners Assistant Actuary to join our Product Team at a high-growth personal homeowners insurance company. As a Homeowners Assistant Actuary at Bamboo Insurance, you will contribute to shaping our insurance products and pricing strategies under the guidance of senior actuarial staff. You will work collaboratively with cross-functional teams to help ensure that our homeowners insurance offerings are competitive, compliant with regulatory requirements, and financially sound. This is an exciting opportunity for a business-minded actuarial professional who combines strong analytical capabilities with a strategic, results-oriented mindset and exceptional organizational skills. This role will have a focus on Homeowners pricing for both our existing programs as well as new state expansion. The ideal candidate brings not only technical actuarial expertise but also the ability to translate data-driven insights into clear business recommendations, manage competing priorities effectively, and drive initiatives forward in a fast-paced, growth-oriented environment. We are open to candidates across a range of experience levels and will calibrate the role accordingly.

Duties/Responsibilities:

· Lead and support the development and refinement of pricing strategies and models for homeowners insurance products, ensuring profitability, market competitiveness, and alignment with broader business objectives.

· Perform actuarial analyses, including rate indications and rate filings, in accordance with state regulatory requirements.

· Act as a strategic business partner to underwriting, product management, claims, and compliance teams — leading the design and modification of insurance products based on market insights, data analytics, and business priorities.

· Apply advanced actuarial techniques, statistical methods, and modeling to forecast and clearly communicate the business impact of pricing, underwriting, and product changes to both technical and non-technical audiences.

· Extract, manipulate, and analyze large datasets using SQL and Python to support pricing, reserving, and risk modeling initiatives for homeowners insurance.

· Own and manage multiple workstreams simultaneously, maintaining organized project plans, timelines, and documentation to keep stakeholders informed and deliverables on track.

Required Skills/Abilities:

· Strong business acumen with the ability to translate complex actuarial analyses into actionable business recommendations. Comfortable influencing decisions across all levels of the organization.

· Solid foundational knowledge of homeowners insurance products and pricing

· Experience with predictive modeling and advanced analytics techniques, including machine learning

· Excellent communication skills to convey complex actuarial concepts to non-actuarial stakeholders.

· Exceptional organizational skills, with a proven ability to manage multiple priorities, maintain structured workflows, and consistently meet deadlines in a fast-paced environment.

Required Education and Experience:

· Bachelor's degree in mathematics, actuarial science, statistics, or related quantitative field.

· A minimum of four years of experience in property and casualty insurance, with a focus on personal lines insurance

· Strong proficiency in actuarial and data analysis tools (e.g., Excel, SQL, Python).

· Experience with regulatory filings and interacting with state insurance departments

Preferred Requirements:

· Prior experience working with homeowners insurance products

· Familiarity with regulatory filing processes, including experience interacting with state regulators.

· ACAS or near-ACAS

· Experience with cat modeling and using the outputs of cat models in pricing

Physical Requirements:

· Prolonged periods of sitting at a desk and working on a computer

Salary: Starting at $130,000 annually. Candidate's skills, experience and abilities will be taken into consideration for final offer.