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Insurance Actuary Jobs in Michigan (NOW HIRING)

AAA Life Insurance Company

Actuary

Livonia, MI · Hybrid

Lead pricing analyses for life insurance products across multiple channels. * Evaluate ... Translate complex actuarial analyses into practical business recommendations. Regulation and ...

AAA Life Insurance Company

Actuary

Livonia, MI · Hybrid

... the Actuary may have wide range of responsibilities that may include but not be limited to ... Lead pricing analyses for life insurance products across multiple channels. * Evaluate ...

AAA Life Insurance Company

Actuary

Livonia, MI · On-site +1

... the Actuary may have wide range of responsibilities that may include but not be limited to ... Lead pricing analyses for life insurance products across multiple channels. * Evaluate ...

Jackson National Life

Lead Asset Modeling Actuary

Lansing, MI · On-site

$118K - $139K/yr

Performs the highest-level activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads initiatives associated with ...

Jackson National Life

Actuary

Lansing, MI · On-site

Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the ...

Deloitte

Health Actuary Consultant

Detroit, MI

You will contribute to actuarial modeling, financial analysis, and project delivery efforts that ... Use strategic thinking to shape the direction of health insurers, including pricing, market entry ...

Deloitte

Life Actuary Consulting Manager

Detroit, MI · On-site

Monitoring market trends across life insurance and annuity products, markets, and regulations to ... Providing actuarial subject matter support to multidisciplinary consulting teams and helping ...

Deloitte

Life Actuary Senior Consultant

Detroit, MI

Work you'll do As an Actuarial Senior Consultant on the Insights, Innovation & Operate team, you ... Monitor life insurance and annuity product, market, and regulatory developments to anticipate ...

Advantasure, Inc.

Actuarial Consultant

Detroit, MI · On-site

The Actuarial Consultant is responsible for the initiation, organization and analysis of non ... Ensure completeness, accuracy and appropriateness of all insurance data used in the production of ...

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Insurance Actuary information

See Michigan salary details

$98.5K

$114.9K

$119.8K

How much do insurance actuary jobs pay per year?

As of Aug 11, 2026, the average yearly pay for insurance actuary in Michigan is $114,912.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,500.00 and $119,400.00 per year, depending on experience, location, and employer.

What are the typical challenges an insurance actuary faces when working with large and complex data sets?

Insurance actuaries frequently work with extensive and complex data sets to assess risk and develop pricing models. One common challenge is ensuring data quality and accuracy, as errors or inconsistencies can significantly affect outcomes. Actuaries must also choose appropriate statistical methods and software tools to analyze the data efficiently. Additionally, they often collaborate with data analysts, underwriters, and IT specialists to interpret results and communicate findings clearly to non-technical stakeholders.

What is the difference between Insurance Actuary vs Underwriter?

AspectInsurance ActuaryUnderwriter
CredentialsActuarial certifications (e.g., ASA, FSA), math/statistics backgroundInsurance licenses, underwriting training
Work EnvironmentOffice-based, analytical, model-drivenOffice or remote, decision-making focused
Industry UsageRisk assessment, pricing, reservingPolicy approval, risk evaluation

Insurance actuaries and underwriters both work in insurance, but actuaries focus on statistical analysis and pricing models, while underwriters evaluate individual risks for policy approval. Understanding their roles helps clarify career paths and employer expectations in the insurance industry.

Do insurance actuaries make good money?

Insurance actuaries typically earn high salaries due to their specialized skills in risk assessment and statistical analysis. Entry-level salaries often start around $60,000 to $80,000 annually, with experienced professionals earning over $150,000, especially those with professional certifications like the ASA or FSA. The profession offers strong earning potential and job stability in the insurance industry.

What is an insurance actuary?

Insurance actuaries are professionals who use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty for insurance companies. They help design insurance policies and set premium rates by assessing the likelihood of future events such as accidents, illnesses, or natural disasters. Actuaries play a critical role in ensuring the financial stability of insurance companies by predicting potential payouts and making data-driven recommendations. Their work helps insurers balance competitive pricing with profitability and solvency. Many actuaries work in areas such as life, health, property, and casualty insurance.

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

To thrive as an Insurance Actuary, you need strong analytical skills, advanced mathematical knowledge, and a bachelor's degree in actuarial science, mathematics, or a related field, often alongside progress toward actuarial certifications like those from the SOA or CAS. Proficiency in statistical analysis software, spreadsheet tools like Excel, and specialized actuarial modeling systems is typically required. Exceptional problem-solving abilities, attention to detail, and effective communication are valuable soft skills for explaining complex findings to non-experts and collaborating with teams. These skills and qualifications are crucial for accurately assessing risk, informing business decisions, and ensuring the financial stability of insurance organizations.

Is it hard to get hired as an insurance actuary?

Getting hired as an insurance actuary can be competitive due to the specialized skills and certifications required, such as passing actuarial exams and having strong analytical abilities. Candidates with relevant education, internship experience, and proficiency in actuarial software tend to have better prospects, but the job market generally values qualified professionals with proven expertise.
What are popular job titles related to Insurance Actuary jobs in Michigan? For Insurance Actuary jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Insurance Actuary jobs in Michigan look for? The top searched job categories for Insurance Actuary jobs in Michigan are:
Insurance Actuary jobs near you
Infographic showing various Insurance Actuary job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 22% Part Time, and 4% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $114,912 per year, or $55.2 per hour.

Lead Asset Modeling Actuary

Jackson National Life Insurance Company

Lansing, MI • On-site

$118K - $139K/yr

Full-time

Re-posted 21 days ago

Job description

If you are an internal associate, please login to Workday and apply through Jobs Hub.
Job Purpose
Responsible for complex actuarial projects and processes in product development, financial modeling, financial reporting, risk analysis, asset modeling, or data analysis, as applicable. Performs the highest-level activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads initiatives associated with the development of actuarial models, databases, and methodologies.
Essential Job Responsibilities
  • Manages the modeling of general account asset cash flows in MG-ALFA/Integrate.
    • Where necessary, develops assumptions based on industry research/experience.
    • Utilizes existing MG-ALFA/Integrate functionality and creates new functionality for cash flow projection.
    • Coordinates with asset managers and investment accounting to collect asset data.
    • Collaborates with liability modelers to implement asset modeling and manage reporting timelines.
  • Collaborates with asset liability management (ALM) to test strategic asset allocation portfolios.
  • Trains liability modelers to understand asset structures and evaluate asset cash flow projections.
  • Supports asset related aspects of regulatory filing requirements (e.g., AG55 & AG53).
  • Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
  • Works independently, setting priorities and deadlines, and sharing status with senior management.
  • Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
  • Composes reports and presentations for senior management.
  • Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
  • Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
  • Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improves controls.
  • Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
  • Develops specific skills of cross-functional team staff for projects and control deployment.
  • Serves as an expert resource for the company in several areas of regulatory, professional, or technical knowledge.
  • Finds issues, proposes solutions, identifies and secures resources, and resolve.
  • Directs the identification of risks and development of mitigating controls.
  • Pursues emerging technical knowledge and represent Jackson at industry forums.

Other Duties
  • Performs other duties and/or projects as assigned.

Knowledge, Skills & Abilities
  • Ability to model general account asset cash flows using actuarial software.
  • Extensive knowledge of various debt and private equity assets and their structures
    • Corporate bonds
    • Commercial mortgage loans
    • Structured debt (RMBS, CMBS, ABS, ABF, etc.)
    • Private debt (direct lending, etc.)
  • Ability to work with asset managers.
  • Extensive knowledge of asset/liability management concepts, such as cash flow matching, durational matching, etc.
  • Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
  • Expert in one or more of insurance product lines (life, annuities). Advanced knowledge in one or more other lines.
  • Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). Advanced experience in at least one other key field of actuarial work.
  • Firm understanding of all fields of actuarial work.
  • Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
  • Understanding of industry advancements, best practices and technology initiatives.
  • Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
  • Ability to envision process and model improvements and develop approaches to implement the improvements.
  • General to advanced understanding of several processes applied across the Jackson actuarial department.
  • Ability to organize and lead large-scale projects.
  • Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
  • Ability to write effective formal reports for senior management and external parties.
  • Ability to lead cross-function and cross-departmental team meetings.
  • Strong analytical and problem-solving skills with the ability to apply judgement and effectively resolve complex problems and issues.
  • Flexible thinking and creativity with the ability to adapt standard actuarial models to unusual situations, to develop new actuarial models, and to combine internal and external data sources.

Qualifications
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
  • 8+ years of actuarial experience and FSA or 12 + years of actuarial experience and ASA required.
  • 10+ years of actuarial experience and FSA or 14+ years of actuarial experience and ASA preferred.
  • Variable Annuity, Fixed Annuity, Fixed Index Annuity, or Registered Index Linked Annuity experience strongly preferred.
  • 3+ years of experience modeling general account asset cash flows in actuarial software (MG-ALFA/Integrate preferred).
  • 3+ years of experience working with asset managers.
  • Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) designation preferred.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by the personnel so classified.
Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

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