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Actuarial Risk Management Jobs (NOW HIRING)

This role sits at the intersection of actuarial science, risk management, and advanced analytics, leveraging artificial intelligence to enhance decision-making across insurance and risk portfolios.

Actuarial Analyst

Phoenix, AZ ยท On-site

$75K - $88K/yr

As a Property and Casualty (P&C) consulting firm, GPW specializes in serving the risk management ... GPW's actuarial services include pricing, reserving, and product development for a variety of ...

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 ...

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 ...

Collaborate with internal departments, including but not limited to, Data Science, Finance, Actuarial, Operations, Provider Network Management, Engineering, and external vendors on risk adjustment ...

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Actuarial Risk Management information

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$22K

$93.5K

$154K

How much do actuarial risk management jobs pay per year?

As of Jun 22, 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.

Can actuaries do risk management?

Actuaries often work in risk management roles, applying their expertise in assessing and quantifying financial risks for insurance companies, consulting firms, and corporations. They use statistical models, data analysis, and risk assessment tools, often obtaining certifications like the ASA or FSA to enhance their skills. Many actuaries transition into risk management positions to help organizations develop strategies to mitigate financial uncertainties.

Can you make 300K as an actuary?

Actuarial risk management professionals can earn $300,000 or more annually, especially at senior levels or in specialized roles, often requiring advanced certifications like the Fellow of the Society of Actuaries (FSA) and several years of experience. High salaries are typically associated with leadership positions, complex risk analysis, or work in large organizations and financial 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.

Do actuaries make $500,000?

Actuarial risk management professionals can earn $500,000 or more annually, especially at senior levels or in high-paying industries like insurance and consulting. Achieving this salary typically requires extensive experience, professional certifications such as the ASA or FSA, and often involves leadership roles or specialized expertise.

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 highest paying risk management job?

In actuarial risk management, senior roles such as Chief Risk Officer or Chief Actuary tend to be the highest paid, often earning six-figure salaries or more. These positions require extensive experience, advanced certifications like the ASA or FSA, and strong leadership skills within financial or insurance companies.

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:
Actuary & Director, Model Risk Management

Actuary & Director, Model Risk Management

Pacific Life Insurance Company

Charlotte, NC โ€ข On-site, Remote

$203K - $249K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago


Pacific Life rating

6.8

Company rating: 6.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

231st of 261 rated insurance


Job description

Job Description:

Pacific Life is seeking an Actuary & Director, Model Risk Management to join our team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA,Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

This role is a strong fit for a senior life actuary who enjoys technical depth, independent challenge, and practical business impact. You will lead second-line model risk oversight for Life insurance models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose.

This role will report directly to the VP of Model Risk Management and offers broad visibility across Pacific Life's products and functions.
How you will make an impact:

  • Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.

  • Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.

  • Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.

  • Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life's model risk framework and practices.

  • Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.


The experience you bring:

  • 8+ years of actuarial experience with an FSA designation.

  • Deep experience in Life products, in areas of actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.

  • Ability to challenge technical work constructively and influence senior leaders and technical teams.

  • Experience reviewing, validating, developing, or testing complex actuarial models.

  • Strong communication skills, including the ability to explain complex modeling issues in clear business language.

  • Strong project leadership, judgment, and stakeholder management skills.


What makes you stand out:

  • Experience with Prophet.

  • Familiarity in emerging AI tools and advanced analytics.

  • Experience building validation / replication / challenger models.

Salary Ranges per Location:

  • Newport Beach, CA: $203,760 - $249,040

  • Omaha, NE: $175,950 - $215,050

  • Charlotte, NC: $185,220 - $226,380

Base Pay Range:

The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$203,760.00 - $249,040.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

  • Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

  • Paid Parental Leave as well as an Adoption Assistance Program

  • Competitive 401k savings plan with company match and an additional contribution regardless of participation

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.


Pacific Life logo

About Pacific Life

Sourced by ZipRecruiter

When you purchase life insurance and retirement solutions, you're buying a promise. A promise that today, tomorrow or ten years from now, we'll be there. For more than 150 years, our clients have trusted Pacific Life to protect what matters most to them - their families, their businesses, their futures.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Newport Beach, CA, US

Year founded

1868

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