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Actuarial Risk Management Jobs (NOW HIRING)

Director, Actuarial Services

Minnetonka, MN ยท On-site

$150K - $257K/yr

Quantify Risk * Works closely with segment leadership on product design, especially in areas of ... Participates in segment activities, as directed by the General Manager. This could include ...

Manage and support key regulatory deliverables, including the Own Risk and Solvency Assessment ... Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related ...

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Director, Actuarial Services

Madison, WI ยท On-site

$150K - $257K/yr

Quantify Risk * Works closely with segment leadership on product design, especially in areas of ... Participates in segment activities, as directed by the General Manager. This could include ...

Showing results 41-60

Actuarial Risk Management information

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$22K

$93.5K

$154K

How much do actuarial risk management jobs pay per year?

As of Aug 8, 2026, the average yearly pay for actuarial risk management 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.

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 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.

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.

More about Actuarial Risk Management jobs
What states have the most Actuarial Risk Management jobs? States with the most job openings for Actuarial Risk Management jobs include:
What job categories do people searching Actuarial Risk Management jobs look for? The top searched job categories for Actuarial Risk Management jobs are:
Infographic showing various Actuarial Risk Management job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 71% In-person, 7% Hybrid, and 22% Remote job distribution, with an average salary of $93,525 per year, or $45 per hour.

Instructor/Lecturer- Actuarial Science & Risk Management

University of Illinois

Urbana, IL โ€ข On-site

$78K - $88K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago


Job description

Instructor/Lecturer Actuarial Science and Risk Management
College of Liberal Arts & Sciences
University of Illinois at Urbana-Champaign
The Actuarial Science and Risk Management program in the College of Liberal Arts & Sciences at the University of Illinois at Urbana Champaign invites applications for an Instructor or Lecturer.
This position is a one-year appointment; renewal of the position is contingent on availability of funding, positive performance reviews and sufficient course enrollments.
Duties
โ€ข Preparing and teaching actuarial science and risk management content for corresponding courses. These may include large service courses and small discussion sections.
โ€ข Monitoring and mentoring teaching assistants and graders for these courses.
โ€ข Holding regular office hours to meet with students outside of class time.
โ€ข Writing and grading examinations and assigning grades.
โ€ข Develop and maintain curriculum and stewardship material for these courses. Willingness to undertake additional responsibilities as the undergraduate director, as needed.
Required Qualifications
Candidates who are ABD or hold a Master's degree in Actuarial Science or related areas such as Mathematics, Statistics, Risk Management and Insurance, Finance or another subject appropriate for Actuarial Science and a record of teaching effectiveness or professional training at the graduate and undergraduate levels will be considered as an Instructor.
Candidates with a Ph.D.in Actuarial Science or related areas such as Mathematics, Statistics, Risk Management and Insurance, Finance, or another subject appropriate for Actuarial Science and a record of teaching effectiveness or professional training at the graduate and undergraduate levels will be considered as a Lecturer.
Preferred Qualifications
3+ years of college teaching or similar corporate training experience.
Experiences with actuarial professional exams.
Professional credentials such as the Associate or the Fellow of the Society of Actuaries, etc.
Appointment Information
This is a 100% full-time academic position, appointed on a 9-month basis. The expected start date is August 16, 2026. The budgeted salary ranges for the position are Instructor: 60,000-70,000 and Lecturer: $78,000 - $88,000. Final salary offered will be determined by a thorough assessment of available market data, internal salary equity, candidate experience and qualifications, collective bargaining agreements, and budget constraints. This position is eligible for sponsorship for work authorization, except for sponsorship of a new H1B petition that would incur the $100,000 fee. This position will be expected to work at the University of Illinois Urbana-Champaign campus on a full-time basis per the University's Workplace Flexibility policy.
Application Procedures & Deadline Information
To apply for this position, please create a candidate profile at https://jobs.illinois.edu and upload your cover letter and resume by 6pm CST, June 15, 2026.
Full consideration will be given to complete applications received by the closing date. Applications not submitted through https://jobs.illinois.edu will not be considered.
For further information about this specific position, please contact lascollegehiring@illinois.edu. For questions regarding the application process, please contact 217-333-2137.
The University of Illinois must also comply with applicable federal export control laws and regulations and, as such, reserves the right to employ restricted party screening procedures for applicants.
The University of Illinois offers a very competitive benefits portfolio, depending on the position. Click for a complete list of Employee Benefits.
Founded in 1867 as Illinois's flagship public university, the University of Illinois Urbana-Champaign empowers a global community of students, scholars, and alumni to change the world through bold, innovative research and transformative education. With a land-grant heritage rooted in progress, Illinois faculty drive paradigm-shifting discoveries, mentor future leaders, and collaborate across 15 colleges and instructional units and more than 20 research institutes. The university's legacy of excellence includes 24 Nobel Prizes and 29 Pulitzer Prizes awarded to its faculty and alumni, $755 million in sponsored research funding, and 94 academic programs ranked in the top 20 nationally. Illinois offers the resources, recognition, and reach to accelerate your career - along with a highly competitive benefits portfolio. Discover how the Illinois Value Proposition fosters professional longevity, personal fulfillment, and a deep sense of purpose in every role.
Faculty Recruitment
Champaign-Urbana
Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position; however, all employment decisions will be made by a person.
This position is intended to be eligible for benefits. This includes Health, Dental, Vision, Life Insurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents.
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.
Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Accommodations may also be requested on the basis of pregnancy, childbirth, and related conditions, or religion. Requests may be submitted through the reasonable accommodation portal, or by contacting the Office for Access & Equity at 217-333-0885, option #1, or accessibility@illinois.edu.
Requisition ID: 1036677
Job Category: Faculty
Apply at: https://jobs.illinois.edu

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About University of Illinois

Sourced by ZipRecruiter

The University of Illinois, located in Urbana, Illinois, US, is a prominent entity in the higher education sector. Operating its official functions through its website uillinois.edu, the institution provides a range of educational programs and services. The University was founded in 1867 and has since grown dramatically both in size and reputation. Its core values are embodied in its mission to enhance the lives of its students and citizens in the state, nation, and world through leadership in learning, discovery, engagement, and economic development. The university boasts several notable achievements including producing Nobel laureates and Pulitzer prize winners. It is renowned for its research programs and is known for significant advancements across various fields including engineering, science, and humanities.

Industry

Colleges, universities, and professional schools

Company size

5,001 - 10,000 Employees

Headquarters location

Urbana, IL, US

Year founded

1974

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