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Independent Contractor Actuary Jobs (NOW HIRING)

Wilmington Health PLLC

Actuary

Wilmington, NC · On-site

... independent actuarial judgment, with accountability for the soundness of their own work product ... contracting, and executive stakeholders to identify financial opportunities, evaluate risk, support ...

CareSource

Managing Actuary

Dayton, OH · On-site +1

$94K - $164K/yr

... contracting models * Own the actuarial processes being managed (i.e., rate/bid filings, pricing ... Ability to work independently and within a team * Ability to effectively analyze data, develop ...

CareSource

Managing Actuary

Dayton, OH · On-site +1

$94K - $164K/yr

... contracting models * Own the actuarial processes being managed (i.e., rate/bid filings, pricing ... Ability to work independently and within a team * Ability to effectively analyze data, develop ...

Sutter Health

Actuary, Sutter Health Plan

Emeryville, CA · On-site

$126K - $189K/yr

... design, contracting, premium revenue, and trend forecasting. Monitors and reports on the ... Work independently as well as be part of an interdisciplinary team, while demonstrating exceptional ...

Sutter Health

OR

$126K - $189K/yr

... design, contracting, premium revenue, and trend forecasting. Monitors and reports on the ... Work independently as well as be part of an interdisciplinary team, while demonstrating exceptional ...

Sutter Health

Actuary, Sutter Health Plan

Sacramento, CA

$126K - $189K/yr

... design, contracting, premium revenue, and trend forecasting. Monitors and reports on the ... Work independently as well as be part of an interdisciplinary team, while demonstrating exceptional ...

Sutter Health

Actuary, Sutter Health Plan

Sacramento, CA · On-site +1

$126K - $189K/yr

... design, contracting, premium revenue, and trend forecasting. Monitors and reports on the ... Work independently as well as be part of an interdisciplinary team, while demonstrating exceptional ...

Milliman

Actuary (FSA) - Seattle Health

Seattle, WA · On-site

$103K - $242K/yr

Who We Are Independent for over 75 years, Milliman delivers market-leading services and solutions ... Value-based provider contracting * Proficiency with Excel * Some knowledge of SAS, SQL, or R

Highmark Health

Associate Actuary

New York, NY

... contracting analysis or claim reserving. ESSENTIAL RESPONSIBILITIES * Define & diagnose a problem ... Independently manage own time and resources across many projects. Demonstrate responsiveness ...

Highmark Health

Associate Actuary

... contracting analysis or claim reserving. ESSENTIAL RESPONSIBILITIES * Define & diagnose a problem ... Independently manage own time and resources across many projects. Demonstrate responsiveness ...

Milliman

Actuary (FSA) - Seattle Health

Seattle, WA · On-site

$103K - $242K/yr

Who We Are Independent for over 75 years, Milliman delivers market-leading services and solutions ... Value-based provider contracting * Proficiency with Excel * Some knowledge of SAS, SQL, or R

Humana, Inc.

Actuary - Primary Care Organization

Exercise independent judgment on complex actuarial issues, evaluating variable factors and ... Associates or contractors who live and work from home in the state of California will be provided ...

Milliman

Associate Actuary - Seattle Health

Seattle, WA · On-site

$88K - $208K/yr

Who We Are Independent for over 75 years, Milliman delivers market-leading services and solutions ... Value-based provider contracting * Proficiency with Excel * Some knowledge of SAS, SQL, or R

Milliman

Associate Actuary - Seattle Health

Seattle, WA · On-site

$88K - $208K/yr

Who We Are Independent for over 75 years, Milliman delivers market-leading services and solutions ... Value-based provider contracting * Proficiency with Excel * Some knowledge of SAS, SQL, or R

Weekday AI

Insurance Expert

$55 - $100/hr

We welcome actuaries, underwriters, claims analysts, risk modelers, and general insurance ... Independent contractor engagement, with daily payments via Stripe Connect

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Independent Contractor Actuary information

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$113K

$131.8K

$137.5K

How much do independent contractor actuary jobs pay per year?

As of Jul 26, 2026, the average yearly pay for independent contractor actuary 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.

Can you freelance as an actuary?

Yes, an independent contractor actuary can work as a freelancer, providing actuarial services on a project basis. Freelance actuaries typically need strong technical skills, relevant certifications such as ASA or FSA, and the ability to manage client relationships independently. They often work remotely and set their own schedules, but must adhere to industry standards and regulatory requirements.

Can you make 300k as an actuary?

Senior experienced actuaries, especially those working in consulting, insurance, or risk management, can earn salaries of $300,000 or more annually, often with bonuses and profit sharing. Achieving this level typically requires advanced certifications like the Fellow of the Society of Actuaries (FSA), extensive experience, and specialized skills in areas such as predictive modeling or financial analysis.

What is an Independent Contractor Actuary job?

An Independent Contractor Actuary is a freelance professional who provides actuarial consulting services to businesses, insurance companies, or government agencies on a contract basis. They analyze financial risks, develop models, and offer expert advice on insurance, pensions, and investments. Unlike full-time employees, they work on a project-by-project basis, offering flexibility and often serving multiple clients. Their responsibilities may include pricing insurance policies, assessing reserves, and regulatory compliance. This role requires strong analytical skills, actuarial certifications, and industry experience.

What are the typical challenges faced by Independent Contractor Actuaries in managing multiple clients?

Independent Contractor Actuaries often juggle multiple clients and projects concurrently, which can make time management and the ability to set clear expectations especially important. You may face fluctuating workloads, tight deadlines, and the need to adapt to each client's unique systems or reporting requirements. Staying organized, proactively communicating with stakeholders, and managing project priorities are key to maintaining high-quality deliverables. Many actuaries find the varied work stimulating, but it does require discipline and strong project management skills to thrive in this independent setting.

What are the key skills and qualifications needed to thrive in the Independent Contractor Actuary position, and why are they important?

To succeed as an Independent Contractor Actuary, you need strong analytical abilities, a deep understanding of actuarial science, and relevant credentials such as ASA or FSA from the Society of Actuaries. Mastery of actuarial modeling software (like Prophet, AXIS, or MoSes), spreadsheets, and statistical analysis tools is often required. Excellent communication, self-management, and client relationship skills distinguish top performers in this field. These competencies are crucial for delivering accurate, high-quality actuarial consulting services while managing multiple clients and projects independently.

Can actuaries work independently?

Yes, actuaries can work independently as consultants or freelance professionals, often providing specialized analysis and advice to clients. Independent actuaries typically need strong technical skills, industry certifications such as the ASA or FSA, and the ability to manage their own business operations and client relationships.

Do actuaries make 500,000?

Senior actuaries with extensive experience, advanced certifications like the Fellow of the Society of Actuaries (FSA), and specialized skills can earn salaries around or exceeding $500,000 annually. However, most entry- and mid-level actuaries typically earn lower salaries, with compensation increasing significantly with experience, industry, and location.
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What cities are hiring for Independent Contractor Actuary jobs? Cities with the most Independent Contractor Actuary job openings:
What are the most commonly searched types of Actuary jobs? The most popular types of Actuary jobs are:
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Independent Contractor Actuary jobs near you
Infographic showing various Independent Contractor Actuary job openings in the United States as of July 2026, with employment types broken down into 32% Locum Tenens, 14% As Needed, 33% Full Time, 12% Temporary, and 9% Nights. Highlights an 62% Physical, 12% Hybrid, and 26% Remote job distribution, with an average salary of $131,841 per year, or $63.4 per hour.
Actuary

Actuary

Wilmington Health PLLC

Wilmington, NC • On-site

Other

Posted 3 days ago

Wilmington Health rating

5.3

Company rating: 5.3 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

About Wilmington Health

Since 1971, Wilmington Health has been committed to the care and health of our community in Wilmington as well as all of Southeastern North Carolina. Wilmington Health is structured as a multi-specialty medical practice with primary care providers integrated into the system. In this way, Wilmington Health is able to provide a comprehensive and coordinated approach to the care of all our patients. Wilmington Health is committed to using collaborative, evidence-based medicine in providing the highest quality of care to the patients we serve.

Purpose:

The Actuary will own actuarial, financial, and analytical work related to healthcare value-based care arrangements, including ACOs, Medicare, Medicaid, Medicare Advantage, commercial risk contracts, and other population health programs. This is a credentialed actuarial role: the individual is expected to hold an ASA (or higher) designation and to exercise independent actuarial judgment, with accountability for the soundness of their own work product.

This position is responsible for analyzing healthcare claims, utilization, cost trends, risk adjustment, attribution, benchmarks, shared savings/loss opportunities, and performance under value-based care models. The Actuary works cross-functionally with finance, analytics, operations, clinical leadership, contracting, and executive stakeholders to identify financial opportunities, evaluate risk, support strategic decision-making, and communicate complex actuarial concepts clearly and actionably.

This role requires strong technical skills, healthcare data experience, and the ability to independently conduct and finalize actuarial analysis in accordance with applicable Actuarial Standards of Practice (ASOPs) and the Code of Professional Conduct. The role carries professional responsibility for its own actuarial conclusions.

Essential Duties/Responsibilities:

  • Analyze medical claims, eligibility, attribution, provider, quality, and financial data to support value-based care performance evaluation.
  • Develop and maintain actuarial models for total cost of care, medical expense trends, utilization, unit cost, risk adjustment, benchmark performance, and shared savings/loss projections across Medicare Shared Savings Program, ACO REACH, Medicare Advantage, Medicaid, commercial risk, and other value-based care arrangements.
  • Analyze medical claims, eligibility, attribution, provider, quality, and financial data to support value-based care performance evaluation.
  • Develop and maintain actuarial models for total cost of care, medical expense trends, utilization, unit cost, risk adjustment, benchmark performance, and shared savings/loss projections across Medicare Shared Savings Program, ACO REACH, Medicare Advantage, Medicaid, commercial risk, and other value-based care arrangements.
  • Quantify the impact of changes in population, attribution, risk scores, benchmarks, rates, utilization, and medical cost trends.
  • Evaluate performance by provider group, cohort, market, payor, contract, service line, diagnosis category, site of care, and other relevant segments.
  • Identify medical cost and utilization opportunities, including avoidable admissions, emergency department utilization, post-acute care, specialist spend, pharmacy trends, chronic condition management, and care gap opportunities.
  • Lead opportunity analyses for prospective partners, participants, or markets entering value-based care arrangements.
  • Prepare financial forecasts, scenario analyses, sensitivity analyses, and performance projections to inform leadership decisions.
  • Lead the financial evaluation of value-based care arrangements, including shared savings terms, downside risk exposure, benchmark assumptions, stop-loss considerations, and administrative fee structures.
  • Monitor ongoing performance against budget, benchmark, expected trend, and contractual targets.
  • Support reconciliation analysis for value-based care programs, including earned savings, losses, quality adjustments, risk score changes, attribution changes, and benchmark updates.
  • Analyze risk adjustment data, including HCC/RAF trends, coding patterns, demographic factors, disease burden, and documentation opportunities.
  • Develop reports, dashboards, and executive summaries that translate actuarial findings into clear business insights for clinical, operational, financial, and executive audiences.
  • Partner with analytics, IT, finance, operations, clinical, and business leaders to define data needs, gather requirements, validate assumptions, and communicate findings.
  • Contributes to the development and maintenance of actuarial data structures, reporting processes, and repeatable analytical tools.
  • Communicate trends, issues, risks, and opportunities to management and proactively recommend next steps.
  • Support special projects requiring actuarial research, healthcare financial analysis, market analysis, or value-based care modeling.
  • Maintain a working knowledge of healthcare regulations, CMS programs, payor methodologies, value-based care models, risk adjustment, claims data, and reimbursement structures.
  • Continuously assess existing analytical processes and recommend improvements to increase accuracy, efficiency, scalability, and usefulness of reporting.
  • Develop and maintain internal actuarial methodologies, documentation, and assumptions, consistent with professional actuarial standards.
  • Serve as an informal mentor to junior analysts, interns, or team members on actuarial methods, healthcare data, and analytical best practices.
  • Perform other healthcare actuarial, financial, and analytical duties as assigned.

QUALIFICATIONS

Required Qualifications:

  • Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, data science, healthcare analytics, or a related quantitative field.
  • ASA (Associate of the Society of Actuaries) credential required; FSA a plus.
  • 3–5+ years of relevant experience in healthcare actuarial analysis, value-based care, health plan finance, provider finance, population health, or related work.
  • Experience working with healthcare data, including claims, eligibility, provider, attribution, utilization, cost, quality, or risk adjustment data.
  • Strong understanding of healthcare concepts such as total cost of care, PMPM, utilization, unit cost, risk scores, benchmarks, attribution, medical expense trend, revenue cycle, and value-based care performance.
  • Working knowledge of Medicare, Medicaid, Medicare Advantage, ACOs, and value-based care contracting models broadly.
  • Advanced Excel skills and experience working with large datasets.
  • Experience with SQL required.
  • Experience with one or more analytical tools or programming languages such as SAS, Python, R, or similar platforms.
  • Experience with reporting or data visualization tools such as Power BI, Tableau, Looker, or similar platforms preferred.
  • Strong quantitative, analytical, and problem-solving skills.
  • Ability to interpret complex data and communicate findings clearly to non-technical stakeholders.
  • Strong written and verbal communication skills.
  • Strong attention to detail and ability to independently validate data, assumptions, and model outputs.
  • Ability to manage multiple priorities, meet deadlines, and work independently while collaborating across teams.
  • Ability to work in a fast-paced, team-oriented healthcare environment with evolving priorities.

Preferred Qualifications:

  • FSA (Fellow of the Society of Actuaries) credential.
  • Experience working at a health plan, provider group, ACO, CIN, MSO, population health organization, consulting firm, or healthcare analytics company.
  • Experience with Medicare Shared Savings Program, ACO REACH, Medicare Advantage, Medicaid managed care, or commercial value-based care contracts.
  • Experience analyzing CMS claims, payor claims, 837/835 files, attribution files, benchmark data, quality data, risk adjustment data, or reconciliation files.
  • Experience developing financial opportunity analyses for value-based care partnerships or provider performance improvement.
  • Experience leading actuarial modeling for shared savings, downside risk, stop-loss, trend, reserves, forecasting, or medical economics.
  • Knowledge of HCC coding, RAF scoring, risk adjustment methodologies, quality measures, and CMS performance methodology.
  • Experience building repeatable models, dashboards, and reporting packages for leadership review.

ADA Physical Demands:

Rarely (Less than .5 hrs/day) Occasionally (0.6 – 2.5 hrs/day) Frequently (2.6 – 5.5 hrs/day) Continuously (5.6 – 8.0 hrs/day)

Physical Demand

Required?

Frequency

Standing

Occasionally

Sitting

Continuously

Walking

Occasionally

Kneeling/Crouching

Rarely

Lifting

Rarely

Competencies

General

  1. Healthcare actuarial analysis
  2. Value-based care financial modeling
  3. Claims and utilization analysis
  4. Total cost of care analysis
  5. Medical expense trend analysis
  6. Risk adjustment and RAF analysis
  7. Benchmark and attribution analysis
  8. Shared savings/loss modeling
  9. Forecasting and scenario analysis
  10. Executive-level reporting
  11. Cross-functional collaboration
  12. Technical problem-solving
  13. Clear communication of complex quantitative findings

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