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Actuarial Associate Jobs in Union, NJ (NOW HIRING)

Actuarial Associate

Manhattan, NY · On-site

$99.70 - $149.60/hr

Actuarial Associate Location: New York, NY (hybrid) Who We Are: At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is ...

Description 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 ...

This role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining ...

The Actuarial Associate will join our growing actuarial team and be responsible for supporting the development of innovative actuarial product solutions to help the industry better price and manage ...

Actuarial Associate Director

New York, NY · On-site

$150K - $180K/yr

STG Actuarial Associate DirectorLocation: 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 ...

This role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining ...

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Actuarial Associate information

See Union, NJ salary details

$52K

$115.8K

$161K

How much do actuarial associate jobs pay per year?

As of Sep 1, 2026, the average yearly pay for actuarial associate in Union, NJ is $115,842.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,400.00 and $129,400.00 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 Union, NJ?

The most popular types of Actuarial jobs in Union, NJ are:

What cities near Union, NJ are hiring for Actuarial Associate jobs?

Cities near Union, NJ with the most Actuarial Associate job openings:

Infographic showing various Actuarial Associate job openings in Union, NJ as of August 2026, with employment types broken down into 100% Full Time. Highlights an 73% In-person, and 27% Remote job distribution, with an average salary of $115,842 per year, or $55.7 per hour.

$99K - $149K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Job description

Mutual of America Financial Group
Job Title: Actuarial Associate
Location: New York, NY (hybrid)

Who We Are:

At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. We were founded in 1945 to provide small and mid-sized nonprofit organizations with pension and retirement-related services, along with leading customer support. Today, we provide these services also to for-profit companies, as well as to governmental entities, Tribal enterprises, institutional investors, and individuals. We work diligently to understand the needs of our customers so we can help them achieve their retirement goals.

We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.

Role Summary:

The Actuarial Associate will play a key role in the financial reporting, valuation and financial analysis of Mutual of America’s annuity line of business. As a member of the Actuarial Student Program, the Associate will support core actuarial functions while advancing toward professional credentialing.

This position will contribute to financial projections, reserve analysis, and the financial reporting of current and future new annuity products. The Associate will collaborate with teams across the company to deliver accurate, timely, and insightful actuarial results that support strategic decisionmaking and product development.

Responsibilities:

  • Determine annuity liabilities for periodic financial reporting in accordance with statutory and tax requirements.
  • Analyze reserve components to identify key drivers of results
  • Conduct experience studies to validate results and support assumption setting
  • Develop and analyze financial projections and forecasts to support planning and reporting
  • Prepare, review and reconcile NAIC Annual and Quarterly Statement Exhibits and Schedules
  • Provide actuarial liability data for industry surveys and rating agency requests
  • Support auditors and examiners by supplying required actuarial information and explanations
  • Respond to requests for non-standard benefit estimates
  • Contribute to additional projects and initiatives as assigned

Required Qualifications:

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field
  • Solid understanding of actuarial concepts such as reserves, valuation, experience studies and financial reporting
  • Strong analytical and problem-solving skills, with the ability to interpret complex financial and actuarial data
  • Strong attention to detail and commitment to producing accurate, high-quality work
  • Effective communication skills, including the ability to explain technical concepts to non-technical stakeholders
  • Minimum of three Society of Actuaries exams; must have the Financial Mathematics and Actuarial Mathematics (Life Contingencies) exams
  • Proficiency in Microsoft Office, especially strong Excel skills; experience with VBA is a plus

Preferred Qualifications:

  • Progress towards ASA or FSA designation
  • Experience with actuarial modeling software such as Prophet, AXIS, or similar
  • Working knowledge of SQL, R, Python, or other programming languages used for data analysis

What we offer you:

  • Competitive base salary
  • Annual Bonus
  • Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
  • 401(k) Match: Receive up to 6% of your pay (salary and incentive compensation) with 100% employer match on employee contributions.
  • Parental Leave: 8 weeks fully paid
  • Paid time off: 20 days plus two floating personal holidays

    The salary range below describes the minimum to maximum base salary range for this role.  The role is also eligible for an annual bonus; whereby total compensation may exceed this range depending on individual and / or company performance.

    Base Salary Range: $99,700 - $149,600

    Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica

    Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law.