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Actuarial Department Jobs (NOW HIRING)

Berkley

Actuarial Analyst

Morristown, NJ · On-site

$70K - $110K/yr

As we build upon the solid groundwork established over the past ten years' prior, BPE's Actuarial Department is also growing! Our business model provides a unique opportunity to join our team and ...

Berkley

Actuarial Analyst

Morristown, NJ · On-site

$70K - $110K/yr

As we build upon the solid groundwork established over the past ten years' prior, BPE's Actuarial Department is also growing! Our business model provides a unique opportunity to join our team and ...

CMZ Companies, Inc.

Actuarial Roles

Denver, CO · On-site

The Capital Management Department prepares Economic Capital, Regulatory and Rating Agency capital ... Providing required Actuarial reporting * Proactively identify data needs to support Actuarial ...

Berkley

Actuarial Analyst

Morristown, NJ

$70K - $110K/yr

As we build upon the solid groundwork established over the past ten years' prior, BPE's Actuarial Department is also growing! Our business model provides a unique opportunity to join our team and ...

Medica

Director, Actuarial Services

Madison, WI · On-site

$150K - $257K/yr

The goal of the actuarial department is to be Medica's source of truth for product financial performance and medical trend. At all levels, this requires a commitment to producing complete, timely ...

Imedica

Director, Actuarial Services

Minnetonka, MN

$150K - $257K/yr

The goal of the actuarial department is to be Medica's source of truth for product financial performance and medical trend. At all levels, this requires a commitment to producing complete, timely ...

ICW Group

Actuarial Specialist (Specialty)

Participates in the development and documentation of actuarial department processes. * Takes responsibility to modify processes in order to improve accuracy and efficiency. * Develops new business ...

Imedica

Director, Actuarial Services

Madison, WI

$150K - $257K/yr

The goal of the actuarial department is to be Medica's source of truth for product financial performance and medical trend. At all levels, this requires a commitment to producing complete, timely ...

FMNE Insurance Company

Associate Actuary

Lincoln, NE · On-site

... Actuarial Department. We're looking for a collaborative and analytical actuarial professional who enjoys solving complex business challenges through data-driven insights, pricing analysis, and ...

Security Benefit

Actuarial Assistant

Overland Park, KS · On-site

Collaborate with Pricing, Modeling, Planning, and ERM Departments in support of a variety of actuarial initiatives * Perform other tasks as assigned What We're Looking For: * Bachelor's degree with ...

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All JobsActuarial Department Jobs

Actuarial Department information

See salary details

$22K

$93.5K

$154K

How much do actuarial department jobs pay per year?

As of Jun 17, 2026, the average yearly pay for actuarial department in the United States is $93,525.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $109,500.00 per year, depending on experience, location, and employer.

What is an Actuarial Department?

An Actuarial Department is a specialized team within an organization, typically in insurance, finance, or consulting firms, responsible for analyzing financial risks using mathematics, statistics, and financial theory. Actuaries in this department evaluate the likelihood of future events, such as insurance claims or pension payouts, and help design strategies to minimize risk and maximize profitability. Their work is crucial for setting premium rates, reserving funds for future claims, and ensuring the long-term financial health of the organization.

What are the key skills and qualifications needed to thrive in an Actuarial Department, and why are they important?

To thrive in an Actuarial Department, you need strong analytical abilities, mathematical proficiency, and a relevant degree (such as in actuarial science, mathematics, or statistics), often supplemented by progress toward professional actuarial certifications (e.g., SOA or CAS exams). Familiarity with actuarial modeling software, statistical analysis tools, and spreadsheets like Excel is typical for this role. Excellent problem-solving, communication, and attention to detail set standout candidates apart. These skills and qualifications are vital for accurately assessing risk, developing financial strategies, and ensuring sound decision-making in insurance and finance organizations.

Do actuaries make $500,000?

Actuaries can earn $500,000 or more annually, primarily at senior levels or in specialized roles within large companies or consulting firms. Achieving this salary typically requires extensive experience, professional certifications such as the ASA or FSA, and often involves leadership responsibilities or niche expertise.

What jobs can I do with an actuarial degree?

An actuarial degree prepares individuals for roles such as actuary, risk analyst, underwriter, or data analyst in insurance, finance, or consulting firms. These jobs typically require strong skills in mathematics, statistics, and programming, and often benefit from professional certification like the ASA or FSA. Actuaries analyze data to assess financial risks and help organizations make informed decisions.

How does the Actuarial Department typically collaborate with other teams within an organization?

The Actuarial Department frequently partners with teams such as underwriting, finance, risk management, and product development. Actuaries provide analytical support, model risk, and help set pricing strategies, ensuring that business decisions are data-driven and financially sound. This collaborative environment allows actuaries to contribute their expertise to cross-functional projects, participate in strategic planning, and communicate complex findings to non-technical stakeholders, which is essential for organizational success.

What's harder, CPA or actuary?

Actuarial departments typically find the actuarial exams more challenging than CPA exams due to their specialized focus on mathematics, statistics, and risk modeling. CPAs often require broader knowledge of accounting principles and regulatory standards, while actuaries need strong quantitative skills and pass multiple rigorous exams to achieve professional certification. Both paths demand significant study and dedication, but the difficulty depends on individual strengths and career goals.

What kind of jobs do actuaries do?

Actuaries analyze financial risks using mathematics, statistics, and financial theory to evaluate the likelihood of future events. They typically work in insurance, pension plans, healthcare, and finance, developing models to help organizations manage risk and ensure financial stability. Certification through exams such as the SOA or CAS is often required for advanced roles.

What is the difference between Actuarial Department vs Actuarial Analyst?

AspectActuarial DepartmentActuarial Analyst
CredentialsTypically requires actuarial exams, degrees in mathematics or statisticsSame as Actuarial Department, often working towards exams
Work EnvironmentTeam-based, collaborative, within insurance or finance companiesIndividual or team projects, within insurance or consulting firms
Industry UsageDepartment within organizations handling actuarial functionsRole within the department, performing analysis and calculations
Common Search/ComparisonYesYes

The Actuarial Department is a broader organizational unit responsible for actuarial functions, while an Actuarial Analyst is a specific role within that department focused on analysis and calculations. Both require similar credentials and work in similar environments, but the department encompasses multiple roles and responsibilities.

More about Actuarial Department jobs
What job categories do people searching Actuarial Department jobs look for? The top searched job categories for Actuarial Department jobs are:
Actuarial Department jobs near you
Infographic showing various Actuarial Department job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 80% Full Time, 17% Part Time, and 2% Contract. Highlights an 61% Physical, 15% Hybrid, and 24% Remote job distribution, with an average salary of $93,525 per year, or $45 per hour.
Actuarial Analyst

Actuarial Analyst

Berkley

Morristown, NJ • On-site

$70K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

Job description

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation.  BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace.  As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities. 

As we build upon the solid groundwork established over the past ten years’ prior, BPE’s Actuarial Department is also growing!  Our business model provides a unique opportunity to join our team and contribute in a meaningful way that can have lasting effects not only on the company’s growth, but also your own!

What Sets Us Apart:

  • As a growing company, BPE has big plans for our future as a preeminent Public Entity carrier, with an entrepreneurial spirit of work projects within the Actuarial department.
  • We bring financial stability, and market clout, with a global Fortune 500 parent company in WR Berkley.
  • The decisions you make and the projects you work on will have a meaningful and tangible impact on the business, and direct access to Senior leadership.
  • As a member of our team, you will have a unique opportunity to work for an established organization, coupled with an innovative environment, on a team with a “start-up” mentality.
  • While WR Berkley operates on a decentralized model, in scope and scale of business products, there are vast opportunities to get involved in a large variety of work and types of property casualty insurance.  This includes potential exposure to larger actuarial projects, and the ability to collaborate with like peers across the organization.

The company is an equal opportunity employer.

https://www.berkleypublicentity.com/


The Actuarial Analyst plays a key role in supporting core actuarial and analytical functions, contributing directly to pricing strategy, reserving insights, and business performance. This position offers hands on exposure to real world actuarial work, close collaboration with cross functional partners, and the opportunity to develop your technical and professional skills in a supportive environment.

  • Prepare and analyze proprietary statistical data to support loss cost development, severity modeling, and other critical pricing considerations.
  • Support the enhancement and maintenance of pricing models, including clear communication of model updates and impacts.
  • Collaborate with Underwriting, IT, Operations, and Finance to ensure data integrity and accuracy across systems.
  • Assist in the development, maintenance, and distribution of actuarial reports and databases.
  • Support quarterly loss and expense reserve analyses, providing insights into emerging trends.
  • Analyze segments of the business to identify claim trends, profitability drivers, and opportunities for improvement.
  • Partner with the Pricing Actuary on ad hoc data requests and pricing analyses.
  • Contribute to additional actuarial and analytical initiatives as assigned.

  • 1-2 years’ actuarial experience strongly preferred.
  • Progress toward actuarial designation (minimum of 3 actuarial exams completed).
  • Advanced proficiency in Microsoft Excel.
  • Experience or exposure to programming and data tools such as Visual Basic, SQL (including SQL Server Reporting Services), R, or Python is a plus.
  • Strong analytical, organizational, and problem solving skills, with the ability to work effectively with complex data sets.

Education Requirement

  • Bachelor’s degree in Mathematics, Actuarial Science, or a related quantitative discipline.

We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $70,000 - 110,000
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Eligible to participate in the annual discretionary bonus program
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Sponsorship not Offered for this Role

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