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Actuarial Risk Management Jobs in Virginia (NOW HIRING)

Genworth

Actuary, Model Risk

Richmond, VA · On-site

$169K/yr

... risk management practices across the enterprise. What you will be doing * Lead independent model validations for actuarial, finance, investment, and data science models * Validate that models are fit ...

Genworth Financial

Actuary, Model Risk

Richmond, VA · On-site +1

$115K - $135K/yr

... risk management practices across the enterprise. What you will be doing * Lead independent model validations for actuarial, finance, investment, and data science models * Validate that models are fit ...

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · On-site

... Actuarial & Analytical Duties (60%): * Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products * Collaborate with Risk Management, Accounting and ...

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · Hybrid

... Actuarial & Analytical Duties (60%): * Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products * Collaborate with Risk Management, Accounting and ...

Sentara Healthcare Inc

Director, Actuarial

Norfolk, VA · On-site

$120 - $150/hr

... Risk Adjustment, and Clinical teams to drive enterprise value and support SHP's growth strategy ... Core Responsibilities 1. Government Programs Pricing & Financial Management * Lead end-to-end ...

Mars

Global Risk Financing Manager

Mclean, VA · On-site

An MBA in Risk Management or Business (Finance) is a plus. * 5+ years with increasing ... and actuaries. Coordinate internal partnerships with Treasury, Accounting, Tax, and Legal.

Markel International

Actuary - State National

Richmond, VA · On-site

$115K - $135K/yr

Serve as a trusted advisor on reserving, risk management, actuarial methodologies, and broader business strategy. * Identify and champion opportunities for process improvement, automation, and ...

Elevance Health

Actuarial Analyst III

Richmond, VA · On-site

$89K - $170K/yr

Analyzes and implements risk contracts including conducting experience analyses, pricing, filing ... Job Level: Non-Management Exempt Workshift: Job Family: ACT > Actuarial Please be advised that ...

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Actuarial Risk Management information

See Virginia salary details

$21.8K

$92.7K

$152.7K

How much do actuarial risk management jobs pay per year?

As of Aug 29, 2026, the average yearly pay for actuarial risk management in Virginia is $92,723.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,900.00 and $108,600.00 per year, depending on experience, location, and employer.

What is actuarial risk management?

Actuarial risk management is the process by which actuaries identify, assess, and mitigate financial risks within organizations, especially in insurance, pensions, and finance. Actuaries use mathematical and statistical models to analyze uncertain future events and help organizations make informed decisions about pricing, reserving, and capital management. Their work ensures that companies remain financially stable and can meet their long-term obligations to policyholders or beneficiaries.

What are the key skills and qualifications needed to thrive in actuarial risk management, and why are they important?

To excel in Actuarial Risk Management, you need strong quantitative analysis, statistical modeling, and financial theory expertise, typically supported by a degree in mathematics, statistics, or actuarial science and progress toward actuarial certifications (such as SOA or CAS exams). Familiarity with actuarial software (like Prophet or AXIS), advanced Excel skills, and data analysis tools (such as R or Python) is highly valued. Exceptional problem-solving abilities, attention to detail, and effective communication distinguish top performers in this field. These skills are crucial for accurately assessing risk, informing business decision-making, and ensuring regulatory compliance within financial and insurance sectors.

How does an actuarial risk management professional typically collaborate with other departments within an organization?

Actuarial risk management professionals frequently work cross-functionally, partnering with departments such as underwriting, finance, product development, and IT. They provide data-driven insights and risk assessments that inform strategic decision-making, product pricing, and financial forecasting. Effective communication skills are essential, as actuaries often present complex findings to non-technical stakeholders. Regular collaboration ensures that risk considerations are integrated into overall business strategies and operations.

What is the difference between Actuarial Risk Management vs Actuarial Analyst?

AspectActuarial Risk ManagementActuarial Analyst
CredentialsRequires actuarial exams, often a few completed; professional certification (e.g., ASA, FSA) preferredRequires actuarial exams, typically fewer completed; pursuing certification
Work EnvironmentStrategic, risk-focused, often in risk management or underwriting departmentsData analysis, modeling, and reporting in actuarial departments
Industry UsageUsed in insurance, finance, and risk management sectorsPrimarily in insurance companies, consulting firms, and government agencies

Actuarial Risk Management professionals focus on identifying and mitigating risks for organizations, often involving strategic decision-making. Actuarial Analysts perform detailed data analysis and modeling to support actuarial functions. While both roles require actuarial exams, Risk Managers typically have more experience and focus on broader risk strategies, whereas Analysts concentrate on data-driven analysis.

Do actuaries work in risk management?

Actuaries often work in risk management roles, where they analyze and quantify financial risks using statistical models and tools like Excel and specialized software. They help organizations develop strategies to mitigate risks related to insurance, pensions, and investments, often requiring professional certifications such as the ASA or FSA. Risk management is a core aspect of many actuarial positions across various industries.

What are popular job titles related to Actuarial Risk Management jobs in Virginia?

For Actuarial Risk Management jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Actuarial Risk Management jobs in Virginia look for?

The top searched job categories for Actuarial Risk Management jobs in Virginia are:

Actuarial Risk Management jobs near you
Infographic showing various Actuarial Risk Management job openings in Virginia as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 75% In-person, 5% Hybrid, and 20% Remote job distribution, with an average salary of $92,723 per year, or $44.6 per hour.

Actuary, Model Risk

Richmond, VA • On-site

Genworth Financial, Inc.
Insurance Services • 1 - 5K employees

8.5

Company rating: 8.5 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

110th of 315 rated insurance

People enjoy working here

Good employer

Paid breaks

Learn more about Genworth Financial, Inc.external

Full-time

Medical, Life, Retirement, PTO

Re-posted 7 days ago

Job description

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day.
We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our interactions:
  • Make it human. We care about the people that make up our customers, colleagues, and communities.
  • Make it about others. We do what's best for our customers and collaborate to drive progress.
  • Make it happen. We work with intention toward a common purpose and forge ways forward together.
  • Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE
Actuary, Model Risk
LOCATION
Richmond, VA
Remote US (Eastern or Central Time Zones)
This position is available to Virginia residents as Richmond, Virginia in-office applicants
*A Hybrid schedule of both Remote and In-Office days is required. In office days are Tuesday, Wednesday and Thursday with working hours targeting our core business hours of 9am-5pm EST.
This position is available to remote applicants residing in states/locations under Eastern or Central Standard Time: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington DC, West Virginia or Wisconsin.
* A Hybrid schedule of both Remote and In-Office days would be required if you reside within 50 miles of a Genworth | CareScout office with working hours targeting our core business hours of 9am-5pm EST.
YOUR ROLE
As an Actuary and member of the Model Risk Team, you will assess and manage model risk for Genworth's US Life Insurance, CareScout Insurance, CareScout Services businesses, and Genworth's Investment and Corporate functions. You will lead independent model validations, partner with model owners and business leaders, and help advance best-in-class model risk management practices across the enterprise.
What you will be doing
  • Lead independent model validations for actuarial, finance, investment, and data science models
  • Validate that models are fit for purpose and functioning as expected based on their design, input data, methodology, and output
  • Provide effective challenge on model rationale, reliability, stability, robustness, and limitations
  • Identify model issues, confirm their resolution, and document validation findings for both technical and non-technical audiences
  • Collaborate with model owners, developers, and business leaders to deliver independent, value-added model risk management
  • Assess the enterprise's inherent and residual exposure to model risk based on its business processes, and risk management strategies
  • Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance
  • Improve the efficiency and efficacy of existing model risk management processes
  • Share industry knowledge, best practices, and notable validation findings with the Model Risk Team

What you bring
  • Bachelor's Degree in a quantitative discipline
  • Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA); FSA preferred
  • 7+ years of relevant experience within the Life, Annuity, or LTC insurance industries
  • 3+ years of experience developing actuarial models in an actuarial software platform (Moody's AXIS or MG-ALFA/Integrate preferred)
  • Proficiency in SQL or programming languages such as Python, R, or SAS
  • Familiarity with actuarial valuation, projections, experience study or pricing models
  • Interest in adopting and building AI tools to improve how we work
  • Ability to document models, processes, and validation findings for technical and non-technical audiences
  • Ability to work independently, take ownership of projects, and self-study unfamiliar topics

Nice to have
  • Master's degree in a quantitative discipline
  • CERA designation
  • Familiarity with predictive analytics, statistical techniques, or AI/machine learning models
  • Experience with using AI tools to improve processes and boost productivity

Employee Benefits & Well-Being
Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.
  • Competitive Compensation & Total Rewards Incentives
  • Comprehensive Healthcare Coverage
  • Multiple 401(k) Savings Plan Options
  • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
  • Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
  • Disability, Life, and Long Term Care Insurance
  • Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
  • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
  • Caregiver and Mental Health Support Services

ADDITIONAL
  • At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

National Range: $109,00 - 169,000
High-Cost Range (includes New York): $115,900 - $220,200
Disclaimer: This role is aligned to a national market-based pay range. Actual compensation will vary based on geographic location, experience, skills, and other job-related factors. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.

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