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Actuarial Department Jobs (NOW HIRING)

EmblemHealth

Senior Actuarial Analyst

New York, NY · On-site

Make appropriate recommendations to management across teams within the actuarial department. * Proactively ensure the internal and external consistency of all work. * Perform reasonability checks ...

New

EmblemHealth

Senior Actuarial Analyst

Manhattan, NY · On-site

Make appropriate recommendations to management across teams within the actuarial department. * Proactively ensure the internal and external consistency of all work. * Perform reasonability checks ...

New

EmblemHealth

Senior Actuarial Analyst

New York, NY · On-site

$68K - $118K/yr

Make appropriate recommendations to management across teams within the actuarial department. * Proactively ensure the internal and external consistency of all work. * Perform reasonability checks ...

New

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 ...

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 ...

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 ...

Berkley

Actuarial Analyst

Scottsdale, AZ · Hybrid

$110K - $150K/yr

Represent the needs of the actuarial department on cross-functional projects. * Continuously seek to improve current reporting and actuarial processes. * Participate in planning ultimate loss and ...

Berkley

Actuarial Analyst

Scottsdale, AZ · On-site

$110K - $150K/yr

Represent the needs of the actuarial department on cross-functional projects. * Continuously seek to improve current reporting and actuarial processes. * Participate in planning ultimate loss and ...

Berkley

Actuarial Analyst

Scottsdale, AZ · Hybrid

$110K - $150K/yr

Represent the needs of the actuarial department on cross-functional projects. * Continuously seek to improve current reporting and actuarial processes. * Participate in planning ultimate loss and ...

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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 Jul 30, 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 jobs can you do with an actuarial degree?

An actuarial degree prepares individuals for roles such as actuary, risk analyst, underwriter, data analyst, and financial analyst. These jobs typically require strong skills in mathematics, statistics, and programming, and often involve working with insurance companies, consulting firms, or financial institutions. Professional certification, like the ASA or FSA, is also commonly pursued to advance in the field.

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, especially with experience, advanced certifications like the ASA or FSA, and in high-demand industries such as insurance or consulting. However, such high salaries are not typical for entry-level or mid-career actuaries.

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 work generally involves passing a series of rigorous exams focused on mathematics, statistics, and finance, making it highly challenging. The CPA requires passing exams on accounting, auditing, and business law, which also demand significant study and expertise. Both careers are demanding but differ in content and certification processes, with actuarial exams often considered more technically difficult due to their depth in mathematics and probability.

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.

Is an actuary a high paying job?

Actuaries are generally considered to have high-paying careers, with salaries often exceeding the national average for many professions. Their compensation increases with experience, professional certifications such as the ASA or FSA, and specialization areas, making it a financially rewarding field for those with strong analytical and mathematical skills.
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 July 2026, with employment types broken down into 3% Locum Tenens, 52% As Needed, 23% Full Time, 1% Part Time, and 21% Nights. Highlights an 60% Physical, 15% Hybrid, and 25% Remote job distribution, with an average salary of $93,525 per year, or $45 per hour.

Senior Actuarial Analyst

EmblemHealth

New York, NY • On-site

Other

Posted 2 days ago

New

EmblemHealth rating

9.4

Company rating: 9.4 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

8th of 299 rated insurance

Job description

Summary of Position

  • Identify opportunities to reduce medical expenses and collaborate with other areas to implement and monitor performance.
     
  • Participate in product development, pricing, filing, and rating implementation of new products and strategies.
     
  • Develop studies, analyses, and presentation materials needed to appropriately inform decision makers.   
     
  • Answer questions of less experienced staff.


Principal Accountabilities

  • Analyze and understand hospital, professional, and drug claim/utilization trends, membership/demographics, andfinancial variance to budget, and performs various other adhoc analyses.
     
  • Maintain appropriate controls around models and other work products.
     
  • Ensure quality and on time completion of deliverables.
     
  • Provide support for coordination of quarterly close activities.  
     
  • Partner with key stakeholders to develop and finalize valuation methodologies.
     
  • Prepare and analyze results and forecasts.
     
  • Perform monitoring processes for trends and risk valuation calculations.
     
  • Develop efficient and transparent queries to obtain data that is appropriate to the purpose with minimal assistance and oversight.
     
  • Make appropriate recommendations to management across teams within the actuarial department.
     
  • Proactively ensure the internal and external consistency of all work.   
     
  • Perform reasonability checks dependent on industry knowledge and experience.
     
  • Develop and implement analyses for special projects.
     
  • Provide technical and analytical support for both the Actuarial department and internal partners.
     
  • Proactively take on additional work as needed by the team.  
     
  • Perform duties and assignments as directed or required.


Qualifications

Education, Training, Licenses, Certifications

  • Bachelor's degree in Actuarial Science, Mathematics, other physical science, or related finance/business degree required
     
  • 2 or more Actuarial exams completed and passed required


Relevant Work Experience, Knowledge, Skills, and Abilities

  • 4 - 6+ years of relevant, professional work experience and/or education required
     
  • 1 - 2+ years health insurance actuarial experience, preferably in the managed care industry required
     
  • Must make sufficient progress toward obtaining actuarial credentials, defined as sitting for a minimum of one exam per year, scoring above a zero, and obtaining at least a combined score of 5 over two consecutive sittings
     
  • When unable to meet the progress outlined in the bullet above, the role will be transitioned to a nonActuarial job title and job description
     
  • Comprehensive understanding of actuarial principles and methodologies and strong mathematical and analytical skills required
     
  • Excellent communication skills (verbal, written, presentation) required
     
  • Strong working knowledge of MS Office including Outlook, Word, Excel, PowerPoint, etc. required
     
  • Working knowledge of SQL, R, Python or similar required
     
  • Capable with Excel, data extraction, simulations, automation required
     
  • Knowledge of reimbursement methodologies required
     
Additional Information
  • Requisition ID: 1000003296
  • Hiring Range: $68,040-$118,800

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