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Actuarial Associate Jobs in Chicago, IL (NOW HIRING)

Core Specialty

Actuarial Associate - Pricing

Chicago, IL · On-site

$95K - $130K/yr

The Core Specialty Actuarial Pricing team is seeking an Actuarial Associate to support our growing Primary and Excess Casualty business. This newly created role will play a key part in monitoring ...

Core Specialty

Actuarial Associate - Pricing

Chicago, IL

$95K - $130K/yr

- The Core Specialty Actuarial Pricing team is seeking an Actuarial Associate to support our growing Primary and Excess Casualty business. This newly created role will play a key part in monitoring ...

Core Specialty

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 function. This individual contributor role will primarily be responsible for supporting the Marine ...

Core Specialty

Actuarial Associate - Pricing

Chicago, IL · On-site

$95K - $130K/yr

The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing function. This individual contributor role will primarily be responsible for supporting the Marine ...

Elevance Health

Associate Actuary

Chicago, IL · On-site

$126K - $207K/yr

Updates actuarial pricing, forecasting models as directed. * Refines and collects appropriate data for actuarial analysis and ensures its reasonableness as well as accuracy by coordination within the ...

Elevance Health

Associate Actuary

Chicago, IL · On-site

$126K - $207K/yr

Updates actuarial pricing, forecasting models as directed. * Refines and collects appropriate data for actuarial analysis and ensures its reasonableness as well as accuracy by coordination within the ...

AIG

Associate Actuary - Retail Property

Chicago, IL

$129K - $154K/yr

Associate Actuary - North America Property At AIG, we are reimagining the way we help customers to ... Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing ...

Health Care Service Corporation

Staff Actuary

Chicago, IL · Hybrid

$92K - $167K/yr

Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered. * Associate of the Society of Actuaries (ASA) and Membership in the ...

Aon

Associate Director, Life Solutions

Chicago, IL · On-site

$220K - $250K/yr

Build, maintain, and analyze actuarial and financial models supporting life insurance capital solutions, reinsurance transactions, M&A activity, and regulatory reporting. * Support PathWise ...

Health Care Service Corporation

Staff Actuary

Chicago, IL · On-site

$92K - $167K/yr

Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered. * Associate of the Society of Actuaries (ASA) and Membership in the ...

HCSC Group

Staff Actuary

Chicago, IL · On-site

$93 - $168/hr

Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered. \* Associate of the Society of Actuaries (ASA) and Membership in the ...

Health Care Service Corporation

Staff Actuary

Chicago, IL · Hybrid

$92K - $167K/yr

Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered. * Associate of the Society of Actuaries (ASA) and Membership in the ...

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All JobsActuarial Associate JobsActuarial Associate Jobs in Chicago, IL

Actuarial Associate information

See Chicago, IL salary details

$52.5K

$117.1K

$162.8K

How much do actuarial associate jobs pay per year?

As of Aug 30, 2026, the average yearly pay for actuarial associate in Chicago, IL is $117,105.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,500.00 and $130,800.00 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 Chicago, IL?

The most popular types of Actuarial jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Actuarial Associate jobs?

Cities near Chicago, IL with the most Actuarial Associate job openings:

Actuarial Associate jobs near you
Infographic showing various Actuarial Associate job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% Remote job distribution, with an average salary of $117,105 per year, or $56.3 per hour.

Actuarial Associate - Pricing

Chicago, IL • On-site

Core Specialty
See more jobs at Core Specialtyexternal

$95K - $130K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 22 days ago

Job description

The Core Specialty Actuarial Pricing team is seeking an Actuarial Associate to support our growing Primary and Excess Casualty business. This newly created role will play a key part in monitoring portfolio performance, evaluating new business opportunities, conducting studies to refine pricing methodologies and assumptions, and providing actuarial insights to underwriting and business partners. The position offers broad exposure across the business and the opportunity to directly influence underwriting and pricing decisions.
Key Accountabilities/Deliverables:
  • Assists with the development of new rating tools when requested, while supporting existing rating tools
  • Assists with preparations of monthly, quarterly, and/or ad-hoc reports as needed, while synthesizing and shaping key messages
  • Assists with the loss ratio planning and premium budgeting process
  • Supports pricing of new program opportunities and existing programs and product lines with technical pricing, expected loss ratios, indicated capital utilization, and any reinsurance analytics as requested
  • Applies fundamental actuarial principles in analyzing company and industry data to prepare actuarial analyses
  • Prepares and may help present summaries of actuarial analyses for distribution to business partners and senior leadership
  • Prepares for and progresses in the CAS examinations through on-the-job and home study
  • In addition to the above key responsibilities, you may be required to undertake other related duties from time-to-time as the Company may reasonably require.

Technical Knowledge and Understanding:
  • Ability to work collaboratively with a variety of individuals in a variety of functions (e.g. Finance, Claim, Underwriting, Actuarial, Operations)
  • Works within deadlines, becoming aware of where sense of urgency is needed.
  • Comfortable making judgements, yet open minded to hearing other opinions
  • Ability to effectively communicate assumptions and results of analyses
  • Ownership of tasks, parts of project

Experience:
  • A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
  • 2+ Years Experience of relevant experience
  • Demonstrated actuarial exam success
  • Proficiency in MS Office suit (Excel, PowerPoint, Word, etc.)
  • A candidate having or currently pursuing ACAS or FCAS and taking actuarial exams

The expected pay range for the role is $95,000 - $130,000. The specific offer will depend on an applicant's skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
#LI-Hybrid
#LI-Onsite
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

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