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Actuarial Associate Jobs (NOW HIRING)

Actuarial Associate

Minnetonka, MN · On-site

$88K - $152K/yr

Associate of the Society of Actuaries (ASA) designation. Preferred Qualifications * Experience in healthcare or insurance actuarial work. * Knowledge of reserving and monthly financial reporting.

Associate of the Society of Actuaries (ASA) Experience: 3 years health actuarial experience with demonstrated leadership. Knowledge, Skills and Abilities (KSAs) * Ability to organize to task ...

Kuvare Corporate Management, LLC is seeking a Senior Actuarial Associate to develop management reporting for existing business. What you'll do * Prepare and help monitor reserve trends monthly on ...

Senior Actuarial Associate

Manhattan, NY · On-site +1

$160K - $212K/yr

Must possess Associate of the Society of Actuaries (ASA) designation or be working toward an ASA designation. Up to 5% domestic travel required. Hybrid - 3 days in office/2 days remote. Eligible for ...

Actuarial Associate

Jersey City, NJ · On-site

$120K - $149K/yr

The actuary will collaborate across divisions to maintain and develop personal auto insurance products, conduct research on modeling techniques, support customer and regulatory inquiries, and ...

The Actuarial Associate creates, develops, and manages risk assessment tools supporting customer accounts. In addition, this role helps manage a data warehouse for quality assurance such as ...

Retirement Senior Actuarial Associate Location: Burlington, MA Pension and other retirement plans have enormous financial implications for employers. Actuaries within Retirement Consulting work ...

The actuary will collaborate across divisions to maintain and develop personal auto insurance products, conduct research on modeling techniques, support customer and regulatory inquiries, and ...

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Actuarial Associate information

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$51K

$113.7K

$158K

How much do actuarial associate jobs pay per year?

As of Jun 9, 2026, the average yearly pay for actuarial associate 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 are the key skills and qualifications needed to thrive as an Actuarial Associate, and why are they important?

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 Actuarial Associates?

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.

More about Actuarial Associate jobs
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What are the most commonly searched types of Actuarial jobs? The most popular types of Actuarial jobs are:
Who are the top companies hiring for Actuarial Associate jobs? The top employers for Actuarial Associate jobs are:
What states have the most Actuarial Associate jobs? States with the most job openings for Actuarial Associate jobs include:
Actuarial Associate

Actuarial Associate

Medica

Minnetonka, MN • On-site

$88K - $152K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 21 days ago


Medica rating

8.3

Company rating: 8.3 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

111th of 260 rated insurance


Job description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.
We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration - because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued.
Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned.
Required Qualifications
  • Bachelor's degree or equivalent experience in a related field.
  • Minimum of 5 years of work experience beyond degree.
  • Associate of the Society of Actuaries (ASA) designation.

Preferred Qualifications
  • Experience in healthcare or insurance actuarial work.
  • Knowledge of reserving and monthly financial reporting.
  • Advanced programming and technical skills in data mining, extraction, and analysis

This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, Madison, WI, Omaha, NE, and St. Louis, MO.
The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.
The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.
Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.
We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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