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Actuary Starting Jobs (NOW HIRING)

Liberty Mutual

Actuary- North American Specialty

$120K - $225K/yr

The role will involve working closely with the Senior Actuary and Underwriters to understand ... The typical starting salary range for this role is determined by a number of factors including ...

Liberty Mutual

$116K - $136K/yr

The role will involve working closely with the Senior Actuary and Underwriters to understand ... The typical starting salary range for this role is determined by a number of factors including ...

Humana, Inc.

Actuary, Network Management Analytics

$119K - $140K/yr

As Actuary, Network Management Analytics, you will ensure data integrity by developing necessary ... starting base pay for full time (40 hours per week) employment at the time of posting. The pay ...

Aegon

Associate Actuary (Governance)

Denver, CO · Hybrid

$128K - $165K/yr

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal ... Please note that the salary range is a good faith estimate for this position and actual starting ...

Grinnell Mutual Reinsurance

ASSOCIATE ACTUARY

Des Moines, IA · On-site +1

$118K - $177K/yr

Overview Looking for an Associate Actuary or Actuary to lead the rate review process for homeowners ... This is a highly visible role and a great starting point for a high performer looking to establish ...

Aegon

Associate Actuary (Governance)

Cedar Rapids, IA · Hybrid

$128K - $165K/yr

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal ... Please note that the salary range is a good faith estimate for this position and actual starting ...

Aegon

Associate Actuary (Governance)

Philadelphia, PA · Hybrid

$128K - $165K/yr

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal ... Please note that the salary range is a good faith estimate for this position and actual starting ...

Grinnell Mutual Reinsurance

ASSOCIATE ACTUARY

Des Moines, IA · On-site +1

$118K - $177K/yr

Looking for an Associate Actuary or Actuary to lead the rate review process for homeowners/farm ... This is a highly visible role and a great starting point for a high performer looking to establish ...

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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 Aug 8, 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 is an actuary?

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.

What do entry-level actuaries do?

Entry-level actuaries analyze data, develop models, and assist in calculating insurance risks and premiums. They often work under supervision using statistical software and begin preparing for professional exams to advance in the field.

What does a first year actuary make?

A first-year actuary typically earns between $60,000 and $70,000 annually, depending on the location and employer. Entry-level salaries often increase with passing actuarial exams and gaining experience, and many companies offer benefits such as professional development support and flexible schedules.

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?

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.

Can I be an actuary with no experience?

Becoming an actuary typically requires passing a series of professional exams and gaining relevant knowledge in mathematics, statistics, and finance. Entry-level actuary positions often accept candidates with strong analytical skills and a willingness to study for certification exams, even without prior work experience in the field.
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Actuary Starting jobs near you

Actuary- North American Specialty

Liberty Mutual

New York, NY

$120K - $225K/yr

Full-time

Posted 21 days ago

Liberty Mutual rating

8.9

Company rating: 8.9 out of 10

Based on 148 frontline employees who took The Breakroom Quiz

48th of 303 rated insurance

Job description


Description

Support the North American Specialty (NAS) Environmental business's profit, growth and operational objectives by performing advanced actuarial pricing analyses. The role will involve working closely with the Senior Actuary and Underwriters to understand drivers of business performance and develop appropriate portfolio level pricing strategies accordingly. Primary responsibilities will include completing profitability reviews, semi-annually, developing, maintaining, and enhancing rating tools, and producing a consistent set of monitoring tools to assess the health of the business. The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

Responsibilities

  • Portfolio analysis: in-depth reviews of the portfolio’s composition and profitability
  • Rating models: maintenance and enhancement of existing models and development of new models as necessary
  • Parameter studies: periodic data-driven reviews of pricing parameters
  • Clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
  • Participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction
  • Participation in the reinsurance placement process as necessary
  • Responding to ad hoc analysis requests from Underwriting, Claims, and senior management
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

Social media

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