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Actuary In Jobs in Virginia (NOW HIRING)

We are seeking a Partner, Senior Health Actuary to join our Actuarial and Financial Group (AFG) in Mercer's Health practice. The location is open. Our Actuarial & Financial Group (AFG) provides our ...

Actuary

Richmond, VA

$107K - $126K/yr

Interested in working with a team of collaborative and entrepreneurial professionals? It is no secret that empowered employees love their work. Our "employee first" culture has created an environment ...

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Actuary In information

What is the difference between Actuary In vs Actuary?

AspectActuary InActuary
CredentialsRequires actuarial exams, typically ASA or FSARequires actuarial exams, typically ASA or FSA
Work EnvironmentInsurance companies, consulting firms, or government agenciesInsurance companies, consulting firms, or government agencies
Industry UsageCommonly used in insurance and risk management sectorsCommonly used in insurance and risk management sectors
Job FocusAnalyzing risk, pricing policies, reserving, and financial modelingAnalyzing risk, pricing policies, reserving, and financial modeling

Actuary In and Actuary roles share similar credentials, work environments, and industry usage. The main difference lies in the job titles' emphasis, with "Actuary In" often indicating an entry or specific position within an organization, while "Actuary" is a broader term for professionals performing risk analysis and financial modeling in insurance and related fields.

What is an actuary?

Actuaries are professionals who use mathematics, statistics, and financial theory to analyze and manage the financial risks associated with uncertain future events. They are most commonly employed in the insurance and pension industries, where they help design policies, set premiums, and ensure the long-term financial health of these organizations. Actuaries also work in fields like healthcare, investment, and consulting, providing advice on risk management and financial planning. Their expertise is crucial in making informed decisions that safeguard companies and individuals from potential losses.

What are some typical challenges an actuary in might face when starting out in the field?

As an entry-level Actuary, one common challenge is learning to interpret and analyze large sets of complex data while ensuring accuracy in calculations. New actuaries also need to quickly become proficient with specialized software and modeling tools commonly used in the industry. Additionally, balancing ongoing exam preparation with work responsibilities can be demanding, but most employers provide study support. Collaborating with senior actuaries and other departments, such as underwriting or finance, is also a key part of the role and helps build communication and teamwork skills.

Is an actuary still in high demand?

Actuaries are currently in high demand due to the need for risk assessment and financial modeling in insurance, pension plans, and other financial sectors. Strong analytical skills, proficiency in statistical tools, and professional certifications like the ASA or FSA enhance job prospects in this field.

Is an actuary a high paying career?

Actuaries are generally considered to have high earning potential, with salaries often exceeding many other professions, especially with experience, professional certifications, and advanced skills in mathematics and statistics. Entry-level salaries are competitive, and experienced actuaries working in insurance, finance, or consulting can earn substantial compensation, often supplemented by bonuses and benefits.

What are the key skills and qualifications needed to thrive as an actuary, and why are they important?

To thrive as an Actuary, you need strong analytical and mathematical skills, a degree in actuarial science or a related field, and progress toward professional actuarial certifications (such as SOA or CAS exams). Familiarity with statistical software, spreadsheet modeling, and specialized actuarial tools is typically required. Excellent problem-solving abilities, attention to detail, and effective communication skills help actuaries interpret data and explain complex findings to non-experts. These competencies are crucial for accurately assessing risk and supporting sound financial decision-making in insurance, finance, and related industries.

What kind of jobs do actuaries have?

Actuaries typically work in insurance companies, consulting firms, government agencies, and financial institutions. They analyze data to assess risk, develop pricing models, and help with financial planning, often using statistical software and requiring professional certification such as the ASA or FSA.
What are popular job titles related to Actuary In jobs in Virginia? For Actuary In jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Actuary In jobs in Virginia look for? The top searched job categories for Actuary In jobs in Virginia are:
What cities in Virginia are hiring for Actuary In jobs? Cities in Virginia with the most Actuary In job openings:

Partner, Senior Health Actuary (Richmond)

NACBA

Richmond, VA โ€ข On-site

$212K - $318K/yr

Full-time

Medical, Retirement

Posted 4 days ago


Job description

We are seeking a Partner, Senior Health Actuary to join our Actuarial and Financial Group (AFG) in Mercer's Health practice. The location is open.

Our Actuarial & Financial Group (AFG) provides our clients with high-quality actuarial services aligned to their strategic needs and growth objectives.

We will count on you to:
  • Lead actuarial and financial client engagements and relationships to ensure service standards are met or exceeded
  • Review and deliver client reports and presentations summarizing findings and recommending strategies or solutions
  • Provide high-level reviews of statements of actuarial opinion, underwritings, and other actuarial analyses and projections
  • Contribute to business development by identifying growth opportunities and representing our AFG in proposal efforts
What you need to have:
  • Consulting experience with large clients (10,000+ lives) and relevant experience in group health and benefits
  • Proven ability to manage client relationships and effectively deliver complex presentations and recommendations
  • Experience leading and developing team members in a professional setting
  • ASA or FSA credential
  • Strong analytical skills and the ability to interpret complex data
What makes you stand out:
  • Demonstrated success in business development and identifying growth opportunities
  • Experience leading successful intellectual capital projects related to health actuarial services and products
  • Expertise in innovative networks or health plans
  • Expertise in data science or predictive analytics
Why join our team:
  • We help you be your best through professional development opportunities, interesting work, and supportive leaders
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and impact colleagues, clients, and communities
  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one anchor day per week on which their full team will be together in person.

The applicable base salary range for this role is $212,000 to $318,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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