Contract to hire with a major financial firm in Newark, NJ. Hybrid, 3 days/week in office. Overview The Actuarial Modeling/Developer - Pension Risk Transfer (PRT) Team, is a position that plays a key ...
Contract to hire with a major financial firm in Newark, NJ. Hybrid, 3 days/week in office. Overview The Actuarial Modeling/Developer - Pension Risk Transfer (PRT) Team, is a position that plays a key ...
Supports reviewing the payor's estimated contract balance against accrued balances and provide data ... Skills to develop and maintain actuarial models to evaluate financial performance, risk, and ...
Supports reviewing the payor's estimated contract balance against accrued balances and provide data ... Skills to develop and maintain actuarial models to evaluate financial performance, risk, and ...
Supports reviewing the payor's estimated contract balance against accrued balances and provide data ... Skills to develop and maintain actuarial models to evaluate financial performance, risk, and ...
Supports reviewing the payor's estimated contract balance against accrued balances and provide data ... Skills to develop and maintain actuarial models to evaluate financial performance, risk, and ...
Actuarial Professional
Minneapolis, MN · Hybrid
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Actuarial Professional
Minneapolis, MN · Hybrid
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Actuarial Associate 2
West Des Moines, IA · On-site
This may include assisting with modeling, data analytics, product development and/or financial ... Understand customer value propositions. • Understand the basic types of insurance contracts and ...
Actuarial Associate 2
West Des Moines, IA · On-site
This may include assisting with modeling, data analytics, product development and/or financial ... Understand customer value propositions. • Understand the basic types of insurance contracts and ...
Director Rate Setting and Actuarial Modeling
Charlotte, NC · On-site
$160K - $190K/yr
Develop actuarial models for new reinsurance and M&A opportunities and manage ALM projections in ... existing in-force contracts and to generate proposals on new business flow arrangements
Director Rate Setting and Actuarial Modeling
Charlotte, NC · On-site
$160K - $190K/yr
Develop actuarial models for new reinsurance and M&A opportunities and manage ALM projections in ... existing in-force contracts and to generate proposals on new business flow arrangements
Actuarial Professional
Bloomington, MN · On-site
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Actuarial Professional
Bloomington, MN · On-site
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Actuarial Professional
Bloomington, MN · Hybrid
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Actuarial Professional
Bloomington, MN · Hybrid
$67K - $175K/yr
... modeling business processes and outcomes. This role can be filled at the Actuarial Analyst ... Analyzes reinsurance contracts and retention selections. Interfaces with reinsurance broker to ...
Senior Actuary
Menlo Park, CA · On-site
$210 - $320/hr
This role is central to how we engage with payor partners -- you'll build the actuarial models ... Develop pricing frameworks and risk-sharing models for payor contracts, including value-based ...
Senior Actuary
Menlo Park, CA · On-site
$210 - $320/hr
This role is central to how we engage with payor partners -- you'll build the actuarial models ... Develop pricing frameworks and risk-sharing models for payor contracts, including value-based ...
Senior Actuary
Menlo Park, CA · On-site
This role is central to how we engage with payor partners - you'll build the actuarial models, risk ... Develop pricing frameworks and risk-sharing models for payor contracts, including value-based ...
Senior Actuary
Menlo Park, CA · On-site
This role is central to how we engage with payor partners - you'll build the actuarial models, risk ... Develop pricing frameworks and risk-sharing models for payor contracts, including value-based ...
Formulating and applying mathematical, statistical, and actuarial models -- including regression ... contract holders across the U.S. and Canada. For 30 years and counting, our team continues to ...
Formulating and applying mathematical, statistical, and actuarial models -- including regression ... contract holders across the U.S. and Canada. For 30 years and counting, our team continues to ...
Director of Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$1.3K/wk
... actuarial ... models to support contract negotiations. You'll enjoy the flexibility to work remotely * from ...
Director of Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$1.3K/wk
... actuarial ... models to support contract negotiations. You'll enjoy the flexibility to work remotely * from ...
Director of Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$13/hr
... actuarial ... models to support contract negotiations. You'll enjoy the flexibility to work remotely * from ...
Director of Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$13/hr
... actuarial ... models to support contract negotiations. You'll enjoy the flexibility to work remotely * from ...
Director of Actuarial Analytics and Insights
$150K - $185K/yr
... based contracts. This role builds member-level actuarial models that quantify risk adjustment ... performance, HCC (Hierarchical Condition Category) capture, medical economics, utilization, and ...
Director of Actuarial Analytics and Insights
$150K - $185K/yr
... based contracts. This role builds member-level actuarial models that quantify risk adjustment ... performance, HCC (Hierarchical Condition Category) capture, medical economics, utilization, and ...
Actuarial Consultant - Remote
Eden Prairie, MN · On-site +1
$91K - $163K/yr
Build and maintain actuarial models used for forecasting and tracking performance risks associated ... contracts * Provides explanations and interpretations of underwriting analysis to analysts ...
Actuarial Consultant - Remote
Eden Prairie, MN · On-site +1
$91K - $163K/yr
Build and maintain actuarial models used for forecasting and tracking performance risks associated ... contracts * Provides explanations and interpretations of underwriting analysis to analysts ...
Associate Director, Actuarial Services - Remote
Eden Prairie, MN · Remote
$112K - $170K/yr
This position manages analysts responsible for assessing and quantifying risk in riskbased contracts across the provider organization and developing and maintaining actuarial models used to support ...
Associate Director, Actuarial Services - Remote
Eden Prairie, MN · Remote
$112K - $170K/yr
This position manages analysts responsible for assessing and quantifying risk in riskbased contracts across the provider organization and developing and maintaining actuarial models used to support ...
Actuarial Consultant - Remote
Eden Prairie, MN · Remote
$91K - $163K/yr
Build and maintain actuarial models used for forecasting and tracking performance risks associated ... contracts * Provides explanations and interpretations of underwriting analysis to analysts ...
Actuarial Consultant - Remote
Eden Prairie, MN · Remote
$91K - $163K/yr
Build and maintain actuarial models used for forecasting and tracking performance risks associated ... contracts * Provides explanations and interpretations of underwriting analysis to analysts ...
Associate Director, Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$112K - $170K/yr
This position manages analysts responsible for assessing and quantifying risk in risk-based contracts across the provider organization and developing and maintaining actuarial models used to support ...
Associate Director, Actuarial Services - Remote
Eden Prairie, MN · On-site +1
$112K - $170K/yr
This position manages analysts responsible for assessing and quantifying risk in risk-based contracts across the provider organization and developing and maintaining actuarial models used to support ...
Associate Actuary
Charleston, SC · On-site +1
Engage in a diverse scope of work, including contract pricing, cost forecasting, and ad hoc ... Prior experience in pricing or actuarial modeling preferred. * Exposure to Value-Based, Risk ...
Associate Actuary
Charleston, SC · On-site +1
Engage in a diverse scope of work, including contract pricing, cost forecasting, and ad hoc ... Prior experience in pricing or actuarial modeling preferred. * Exposure to Value-Based, Risk ...
Senior Director, Chief Actuary (Medicare Advantage) - Kelsey - Seybold Clinics, Houston, TX
Pearland, TX · On-site
$159K - $273K/yr
Leads actuarial modeling and financial analysis for payer contract negotiations and value-based arrangements * Accountable for monthly close actuarial outputs, including IBNR, claims projections, and ...
Senior Director, Chief Actuary (Medicare Advantage) - Kelsey - Seybold Clinics, Houston, TX
Pearland, TX · On-site
$159K - $273K/yr
Leads actuarial modeling and financial analysis for payer contract negotiations and value-based arrangements * Accountable for monthly close actuarial outputs, including IBNR, claims projections, and ...
Contract Actuarial Modeling information
See salary details
$22K - $34K
0% of jobs
$34K - $46K
1% of jobs
$46K - $58K
10% of jobs
$58K - $70K
13% of jobs
$70.9K is the 25th percentile. Wages below this are outliers.
$70K - $82K
17% of jobs
The median wage is $88.8K / yr.
$82K - $94K
16% of jobs
$105.8K is the 75th percentile. Wages above this are outliers.
$94K - $106K
18% of jobs
$106K - $118K
12% of jobs
$118K - $130K
5% of jobs
$130K - $142K
5% of jobs
$142K - $154K
2% of jobs
$22K
$93.5K
$154K
How much do contract actuarial modeling jobs pay per year?
As of Jul 26, 2026, the average yearly pay for contract actuarial modeling 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.
What are some typical challenges faced by contract actuarial modeling professionals, and how can they be addressed?
Contract actuarial modeling professionals often encounter challenges such as quickly adapting to different company systems, understanding unfamiliar data structures, and meeting tight project deadlines. Success in this role requires strong technical proficiency, effective communication with in-house teams, and the ability to learn new processes rapidly. Building relationships with key stakeholders and clarifying expectations at the outset can help ensure smoother project delivery and integration into the team.
What is the difference between Contract Actuarial Modeling vs Actuarial Analyst?
| Aspect | Contract Actuarial Modeling | Actuarial Analyst |
|---|---|---|
| Credentials | Typically requires actuarial exams, relevant certifications | Same as Contract Actuarial Modeling, often pursuing actuarial exams |
| Work Environment | Focus on model development, financial projections, and contract analysis | Data analysis, reporting, and supporting actuarial projects |
| Industry Usage | Insurance, reinsurance, consulting firms | Insurance companies, consulting firms, financial institutions |
Contract Actuarial Modeling involves developing and analyzing financial models for insurance contracts, often with a focus on pricing and reserving. Actuarial Analysts perform data analysis, prepare reports, and support modeling efforts. While both roles require actuarial exams and similar credentials, Contract Actuarial Modeling emphasizes model development and financial projections, whereas Actuarial Analysts focus more on data processing and reporting within the same industry environment.
What are the key skills and qualifications needed to thrive as a Contract Actuarial Modeler, and why are they important?
To excel as a Contract Actuarial Modeler, you need strong quantitative skills, actuarial credentials (such as ASA or FSA), and a deep understanding of insurance products and risk assessment. Familiarity with actuarial modeling software (e.g., Prophet, AXIS), advanced Excel, and programming languages like VBA or Python is highly valuable. Analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting data and collaborating with cross-functional teams. These competencies ensure accurate modeling, compliance with industry standards, and support sound business decisions in a dynamic actuarial environment.
What is contract actuarial modeling?
Contract actuarial modeling refers to the process by which actuaries use mathematical and statistical techniques to assess, price, and manage the risks associated with insurance contracts or other financial agreements. Professionals in this field develop models to predict future claims, evaluate the financial impact of various contract terms, and ensure regulatory compliance. This work is essential for helping insurance companies set premiums, determine reserves, and make informed business decisions.
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Other
Posted 3 days ago
Job description
Contract to hire with a major financial firm in Newark, NJ.
Hybrid, 3 days/week in office.
Overview
The Actuarial Modeling/Developer – Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing operations and infrastructure development of PRT Business. This role requires a strong foundation in actuarial first principles, with the primary focus on designing and developing callable actuarial components that integrate into broader pricing pipelines.
Primary Responsibilities
• Design and develop callable actuarial components using Python, VBA, SQL, and other technologies, building modular logic that can be integrated into robust orchestration pipelines
• Collaborate with highly-specialized and talented quantitative professionals to develop creative pricing solutions and strategies for diverse pension plan structures
• Build, enhance, and maintain pricing models and tools, automating and streamlining processes through hands-on development
• Develop pricing infrastructure and contribute to data visualization and reporting processes used across the organization to manage business production and inform strategic decision-making
• Analyze population and pension plan specific experience data to determine mortality and other actuarial assumptions for pricing
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making
• Support the development and execution of competitive positioning strategies
• Collaborate cross-functionally across the organization to develop and implement pricing strategies that balance competitiveness and profitability while ensuring compliance with internal standards and external regulations
Nice to Have Responsibilities
• Leverage advanced analytics, machine learning, and AI-driven methodologies to partner with other emerging bodies across the enterprise
• Support the exploration and evaluation of predictive analytics to enhance compliance with Model Risk standards
Qualifications
• Strong foundation in actuarial first principles required
• Background in actuarial science, mathematics, computer science, statistics, or related quantitative discipline
• Master''s Degree (MA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science, or related discipline preferred
• ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, asset/investment/hedging/risk modeling, etc.)
• Pension experience preferred; familiarity with pension plan structures, liability valuation, and pension risk transfer pricing is a plus
• Programming skills preferred (Python, SQL, VBA); willingness to develop coding proficiency is expected. Experience with cloud platforms (AWS, Azure, Google Cloud Platform) is a plus
• FSA, MAAA, CFA, PhD, FRM, Client or advanced degree in S.I.E.C. preferred but not required
• Candidates with alternative qualifications including 7+ years of relevant quantitative/technical experience are welcomed
• Strong quantitative modeling experience including complex quantitative concepts and models
• Strong communication skills, particularly in presenting results to senior executives
• Proven ability to articulate complex data into actionable insights for senior leadership
• Creative problem solver, particularly in areas with few best practices
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high standards for quality
• Experience working at an insurance company or a multi-functional team is a plus
#LI-TI1
Hybrid, 3 days/week in office.
Overview
The Actuarial Modeling/Developer – Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing operations and infrastructure development of PRT Business. This role requires a strong foundation in actuarial first principles, with the primary focus on designing and developing callable actuarial components that integrate into broader pricing pipelines.
Primary Responsibilities
• Design and develop callable actuarial components using Python, VBA, SQL, and other technologies, building modular logic that can be integrated into robust orchestration pipelines
• Collaborate with highly-specialized and talented quantitative professionals to develop creative pricing solutions and strategies for diverse pension plan structures
• Build, enhance, and maintain pricing models and tools, automating and streamlining processes through hands-on development
• Develop pricing infrastructure and contribute to data visualization and reporting processes used across the organization to manage business production and inform strategic decision-making
• Analyze population and pension plan specific experience data to determine mortality and other actuarial assumptions for pricing
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making
• Support the development and execution of competitive positioning strategies
• Collaborate cross-functionally across the organization to develop and implement pricing strategies that balance competitiveness and profitability while ensuring compliance with internal standards and external regulations
Nice to Have Responsibilities
• Leverage advanced analytics, machine learning, and AI-driven methodologies to partner with other emerging bodies across the enterprise
• Support the exploration and evaluation of predictive analytics to enhance compliance with Model Risk standards
Qualifications
• Strong foundation in actuarial first principles required
• Background in actuarial science, mathematics, computer science, statistics, or related quantitative discipline
• Master''s Degree (MA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science, or related discipline preferred
• ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, asset/investment/hedging/risk modeling, etc.)
• Pension experience preferred; familiarity with pension plan structures, liability valuation, and pension risk transfer pricing is a plus
• Programming skills preferred (Python, SQL, VBA); willingness to develop coding proficiency is expected. Experience with cloud platforms (AWS, Azure, Google Cloud Platform) is a plus
• FSA, MAAA, CFA, PhD, FRM, Client or advanced degree in S.I.E.C. preferred but not required
• Candidates with alternative qualifications including 7+ years of relevant quantitative/technical experience are welcomed
• Strong quantitative modeling experience including complex quantitative concepts and models
• Strong communication skills, particularly in presenting results to senior executives
• Proven ability to articulate complex data into actionable insights for senior leadership
• Creative problem solver, particularly in areas with few best practices
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high standards for quality
• Experience working at an insurance company or a multi-functional team is a plus
#LI-TI1
About JSR Tech Consulting
Sourced by ZipRecruiter
JSR Tech Consulting provides contract consulting services for business and technology leaders in financial services, pharmaceuticals and healthcare. Our principals have over 25 years of experience in supplemental services built on many long-term relationships. We can take on requirements of any kind: filling a single strategic position or supporting multimillion-dollar projects. JSR is also a certified Women-Owned Business Enterprise and an advocate of Disability:IN, a national non-profit supporting disability inclusion in the workplace and the supply chain. We pride ourselves on matching the right resources with our client’s requirements. That’s what drives success in the consulting business. We do it by forging open, trusted relationships with hiring managers, and leveraging web-based tools to automate the process. And we attract the right resources with fair and honest communications, competitive compensation, a comprehensive benefits program, tuition reimbursement, employee referral bonuses and a 401K plan.
Industry
It services
Company size
11 - 50 Employees
Headquarters location
Cranford, NJ, US
Year founded
2015