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Actuary Starting Jobs (NOW HIRING)

Actuary- Reinsurance

Boston, MA · On-site

$120K - $225K/yr

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

Actuary- Reinsurance

Boston, MA · On-site

$126K - $148K/yr

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

As a Liberty Mutual Insurance Actuary, you'll use your analytical talents to resolve thought ... The typical starting salary range for this role is determined by a number of factors including ...

Actuary- Reinsurance

New York, NY · On-site

$120K - $225K/yr

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

Actuary- Reinsurance

New York, NY · On-site

$127K - $149K/yr

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

Actuary- Reinsurance

Stamford, CT · On-site

$121K - $142K/yr

Perform complex actuarial analysis within a designated business segment/s to assist business ... The typical starting salary range for this role is determined by a number of factors including ...

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Actuary Starting information

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$113K

$131.8K

$137.5K

How much do actuary starting jobs pay per year?

As of Jun 12, 2026, the average yearly pay for actuary starting in the United States is $131,841.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,500.00 and $137,000.00 per year, depending on experience, location, and employer.

What are actuaries?

Actuaries are professionals who use mathematics, statistics, and financial theory to analyze and manage risk, often within the insurance and finance industries. They help organizations forecast future events and financial costs, such as insurance claims or pension payouts, so that companies can make informed decisions. Actuaries play a critical role in designing insurance policies, pension plans, and other financial strategies by evaluating the likelihood of future events and minimizing potential financial losses.

How to get an actuary job with no experience?

To secure an entry-level actuary position with no experience, focus on completing relevant coursework, passing initial actuarial exams, and gaining proficiency in Excel and statistical software. Internships, volunteering, or participating in actuarial clubs can also help build practical skills and demonstrate commitment to employers.

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 do entry-level actuaries do?

Entry-level actuaries analyze data, develop models, and assist in calculating insurance premiums, reserves, and risk assessments. They use statistical tools and software, such as Excel and actuarial programs, to support senior actuaries and gain experience for professional certification exams.

What do actuaries make starting out?

Entry-level actuaries typically earn between $60,000 and $75,000 annually, depending on location and employer. Starting salaries often increase with the completion of initial actuarial exams and relevant internships, and they may include benefits such as health insurance and retirement plans.

What is the difference between Actuary Starting vs Actuary Assistant?

AspectActuary StartingActuary Assistant
CredentialsTypically pursuing or has passed initial SOA/CAS examsOften in early stages, may have some exams completed
Work EnvironmentEntry-level role in insurance, consulting, or finance firmsSupport role assisting actuaries, often in similar settings
Job ResponsibilitiesAnalyzing data, preparing reports, supporting actuarial modelsData collection, basic analysis, administrative support

Actuary Starting and Actuary Assistant roles are closely related, with both positions requiring foundational actuarial exams and working in similar environments. The main difference lies in experience level and responsibilities, with Actuary Starting being more focused on independent analysis and Actuary Assistant providing support tasks. Both roles serve as stepping stones toward becoming a fully credentialed actuary.

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

To thrive as an entry-level actuary, a strong background in mathematics, statistics, and analytical problem-solving is essential, typically supported by a bachelor’s degree in actuarial science, mathematics, or a related field. Proficiency with actuarial software, spreadsheet tools like Excel, and progress toward professional certification exams (such as those from the SOA or CAS) are typically required. Strong communication, attention to detail, and teamwork abilities help distinguish candidates in this collaborative and data-driven environment. These competencies are critical for accurately assessing risk, delivering actionable insights, and supporting sound financial decision-making.

What are some common challenges faced by entry-level actuaries, and how can they overcome them?

Entry-level actuaries often face challenges such as learning complex actuarial software, understanding regulatory requirements, and balancing work with studying for professional exams. Many new actuaries also need to adapt to working on cross-functional teams with colleagues from finance, IT, and other departments. Overcoming these challenges involves proactive communication, seeking mentorship, and efficiently managing time to balance job responsibilities with exam preparation. Most employers offer support and resources, including exam study time and training, to help new actuaries succeed.
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Actuary- Reinsurance

Actuary- Reinsurance

Liberty Mutual

Boston, MA • On-site

$120K - $225K/yr

Full-time

Posted 12 days ago


Liberty Mutual rating

8.9

Company rating: 8.9 out of 10

Based on 140 frontline employees who took The Breakroom Quiz

46th of 261 rated insurance


Job description


Description

As a Liberty Mutual Insurance  Actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.

In this position, you will support a business group or company's profit, growth and operational objectives by performing and reviewing advanced actuarial analyses.

Responsibilities:

  • Perform complex actuarial analysis within a designated business segment/s to assist business decision making, financial planning, and strategy development.
  • Prepare actuarial research and complex reports and projects present findings and recommendations.
  • Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, and on cross functional teams.
  • Maintain clear and concise documentation of methods and activities.
  • Interact with and provide actuarial technical assistance and information to peers, senior managers, and others within and outside of the organization.
  • Mentor, motivate, and train less experienced staff and peers.
  • Direct the development of actuarial tools.
Qualifications
  • Bachelor's degree required; Master’s degree preferred.
  • Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience.
  • Minimum 5-7 years relevant experience required.
  • Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
  • Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
  • Ability to motivate and mentor peers and motivate and train subordinates.
  • Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices

  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

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About Liberty Mutual

Sourced by ZipRecruiter

Since 1912, we've grown into the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 86 on the Fortune 100 list of largest corporations in the US based on 2022 revenue. ​At Liberty Mutual Insurance we work hard every day to support our customers and our people, so they can protect their families, build their businesses and invest in their futures. We are headquartered in Boston, but our people, our customers and our reach span the globe. So to better serve our global customers and employees, we are organized into three business units.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

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