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Actuary In Jobs in Washington (NOW HIRING)

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · On-site

Brief Role Description This position is Career Level 29P , located in Reston, VA, with a Role Classification of Hybrid . Role Summary The Actuary and Underwriting Lead plays a pivotal role in shaping ...

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · Hybrid

Brief Role Description This position is Career Level 29P , located in Reston, VA, with a Role Classification of Hybrid . Role Summary The Actuary and Underwriting Lead plays a pivotal role in shaping ...

D.W. Simpson

Actuary - Remote

Mclean, VA · On-site +1

$100K/yr

Consulting client is in search of a talented Actuary who will work on a diverse range of client projects, such as performing actuarial projections, devising customized solutions to meet client ...

SCOR

P&C UK Reserving Actuary

Washington, DC

$131K - $155K/yr

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find ...

Deloitte

Life Actuary Consulting Manager

Mclean, VA · On-site

Work you'll do As an Actuarial Manager on the Human Capital team, you will be responsible for ... Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment * Strong ...

Deloitte

Life Actuary Senior Consultant

Mclean, VA · On-site

Work you'll do As an Actuarial Senior Consultant on the Insights, Innovation & Operate team, you ... Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment * Strong ...

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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 kind of jobs do actuaries do?

Actuaries analyze financial risks using mathematics, statistics, and financial theory to help organizations manage uncertainty. They often work in insurance, pension planning, healthcare, and investment sectors, developing models to assess risk and determine pricing or reserves. Certification through exams such as the SOA or CAS is typically required for advanced roles.

What jobs can you get with actuary?

An actuary can pursue roles such as risk analyst, insurance underwriter, pension consultant, financial analyst, or data scientist. These jobs typically require strong analytical skills, knowledge of mathematics and statistics, and often professional certifications like the ASA or FSA. Actuaries work in insurance companies, consulting firms, government agencies, and financial institutions.

What's harder, CPA or actuary?

Actuary is generally considered more challenging than CPA because it requires passing a series of rigorous exams focused on mathematics, statistics, and risk assessment, often taking several years to complete. CPAs primarily focus on accounting, auditing, and tax regulations, with a different skill set and exam structure. Both careers demand strong dedication and professional certification, but the actuarial exams are widely regarded as more difficult due to their complexity and pass rates.

What are actuaries?

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.

Do actuaries make 500,000?

Actuaries can earn $500,000 or more annually, primarily at senior levels or in specialized roles within large organizations. Achieving this salary typically requires extensive experience, professional certifications such as the ASA or FSA, and often involves leadership responsibilities or consulting work.

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 are popular job titles related to Actuary In jobs in Washington? For Actuary In jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Actuary In jobs in Washington look for? The top searched job categories for Actuary In jobs in Washington are:
What cities in Washington are hiring for Actuary In jobs? Cities in Washington with the most Actuary In job openings:
Actuary In jobs near you

Actuary & Underwriting Lead

Volkswagen AG

Reston, VA • On-site

Full-time

Re-posted yesterday

Job description

Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company's offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition.
Brief Role Description
This position is Career Level 29P, located in Reston, VA, with a Role Classification of Hybrid.
Role Summary
The Actuary and Underwriting Lead plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands-on underwriting leadership to ensure sound decision-making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross-functional teams in a dynamic environment.
Budget Accountability (USD): Annual budget for which this role is directly responsible
  • Administrative budget (e.g. overhead, staffing)

N/A
  • Operational budget (e.g. vendors, systems etc.)

N/A
  • Capital

$680 Million
Role Responsibilities within this Role
Actuarial & Analytical Duties (60%):
  • Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products
  • Collaborate with Risk Management, Accounting and senior management in establishing adequate loss provisions for Insurance products
  • Engage with CFO, VP of Finance, Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close.
  • Lead enhancements and automation of data structure, integrity, validation, and reporting.
  • Extract and analyze data from data warehouse to enhance underwriting, pricing, reserves, and prediction of future issues and trends.
  • Provide all actuarial inputs for actual and forecast income recognition.
  • Update and report on actual experience compared to forecast and pricing. Recommend and drive actions to drive on-target results.
  • Support IFRS 17 reporting and analysis.

Underwriting Responsibilities (20%):
  • Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
  • Collaborate with Front-End Staff, Accounting, Sales, and others to influence acceptability criteria and product structure.
  • Ensure regulatory compliance with insurance laws and internal standards.

Leadership & Strategic Oversight (20%):
  • Lead and mentor analysts, providing training and performance feedback.
  • Set strategic direction for underwriting and risk management aligned with company goals.
  • Implement process improvements to enhance efficiency, accuracy, and turnaround times.

Qualification requirements
  • 10+ years minimum, with a strong background in actuarial science.
  • At least 5 years working as an actuary in an actuarial role in the Insurance industry.
  • Desired: 3 years working in Auto Insurance Industry with automobile property and/or breakdown exposures.

Required Education:
  • ACAS designation
  • Bachelor's Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research.

Desired Education:
  • Master's Degree in related field
  • Professional certifications such as CPCU, FCAS, or ASA
  • Experience with insurance underwriting and/or product management

Required Skills:
  • Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling.
  • Proficiency in data analysis tools, underwriting software, and statistical packages.
  • Develop indications and communicate them to Actuarial Management and Senior Leadership.
  • Work collaboratively as a part of the broader Pricing and/or Reserving process.
  • Develop and communicate business analytics to Senior Leadership.
  • Foster innovation within the team and across the broader organization.
  • Support development of themselves and other associates in an actuarial capacity and according to VCI vision and mission statement.
  • Excellent Microsoft Excel and Powerpoint skills.
  • Lead and direct the work of others.
  • Ability to conduct large scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report.
  • Specialized ability to communicate highly technical subjects to the senior executives and others who have limited background in mathematics or statistics.
  • Analytical and conceptual thinking - ability to understand business problems and develop data-driven solutions.

Desired Skills:
  • FCAS designation or actively pursuing.
  • Ability to build models using open-source software (e.g. R, Python), experience in distributed statistical computing preferred.
  • Strong experience extracting, cleaning, modeling, and visualizing data to generate actionable insights and predictive solutions.
  • Actuarial pricing and reserving experience.
  • Experience mentoring and/or directing junior team members.

#LI-MT1
#LI-Hybrid
Volkswagen Financial Services is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws.
This role description is a guideline and does not create contractual rights between the Company and any of its applicants. The Company does not enter into any type of employment contract, implied or written, with its applicants regarding job security.
This Organization participates in E-Verify. We maintain a drug free workplace and perform pre-employment substance abuse testing.
Volkswagen Financial Services - The key to mobility
VW Credit, Inc., dba Volkswagen Financial Services (VWFS), was founded in 1981 as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VWFS offers services to Volkswagen, Audi, Ducati customers, and authorized dealers as Volkswagen Financial Services, Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company offers competitive financial products and services to customers and authorized dealers in the United States. VWFS is headquartered in Reston, VA.
VWFS is seeking individuals from diverse professional backgrounds who can bring fresh perspectives and ideas to help us drive forward in the ever-evolving financial and mobility services industry. As we continue to grow, we are excited to welcome talent from a variety of professional backgrounds to join our team. We believe in the power of diversity and inclusion, as it fuels creativity, fosters innovation, and strengthens our ability to serve our customers better. Are you a forward-thinker, a problem-solver, or an innovator? This is an opportunity to be part of a dynamic team that values diversity, creativity, and collaboration.
Learn more about us
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Support
For more information contact: vwgroupcareers@vw.com
Job ID: 19231
Company: VW Credit, Inc.
Location:

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