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Insurance Actuary Jobs in Virginia (NOW HIRING)

Actuary - State National

Richmond, VA

$115K - $135K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Excellent understanding of insurance data, financial reporting, and actuarial reporting requirements. * Strong project leadership skills, including prioritization, resource coordination, and ...

Experience Study Actuary, Life Assumption

Richmond, VA · On-site

$109K - $169K/yr

  • Medical

  • Life

  • Retirement

  • PTO

Experience in life insurance experience studies and assumption setting * Ability to manage ... Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling. Employee ...

Actuary - Employee Benefits

Mclean, VA · Hybrid

$117K - $138K/yr

... and casualty insurance, annuities, and pensions. Hybrid role working 2 days a week in office ... Manages or participates in key actuarial projects; Trains or provides guidance to team members;

Actuary

Richmond, VA · Remote

$150/hr

Position Overview We are seeking an experienced Actuary (5+ years of experience) for our value ... Medical, Dental, Vision and supplementary benefits such as Life Insurance, Short Term and Long Term ...

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 ...

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 ...

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

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

Senior Actuary

Richmond, VA · On-site +1

$141K - $194K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This includes applying established actuarial principles to develop insights that inform business ... All full-time employees have the option to select from multiple health, dental and vision insurance ...

Senior Actuary

Richmond, VA · On-site

$141K - $194K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This includes applying established actuarial principles to develop insights that inform business ... All full-time employees have the option to select from multiple health, dental and vision insurance ...

Senior Actuary

Glen Allen, VA · On-site

$141.64 - $194.76/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This includes applying established actuarial principles to develop insights that inform business ... All full-time employees have the option to select from multiple health, dental and vision insurance ...

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 ...

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 ...

As an Actuarial Senior Consultant, you will apply actuarial, strategic, and analytical experience ... Lead teams that evaluate the strategic direction of health insurers, including pricing, market ...

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Showing results 1-20

Insurance Actuary information

See Virginia salary details

$112K

$130.7K

$136.3K

How much do insurance actuary jobs pay per year?

As of Aug 16, 2026, the average yearly pay for insurance actuary in Virginia is $130,710.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,500.00 and $135,800.00 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 Virginia?

For Insurance Actuary jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Insurance Actuary jobs in Virginia look for?

The top searched job categories for Insurance Actuary jobs in Virginia are:

What cities in Virginia are hiring for Insurance Actuary jobs?

Cities in Virginia with the most Insurance Actuary job openings:

Infographic showing various Insurance Actuary job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 24% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $130,710 per year, or $62.8 per hour.

$115K - $135K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago


Job description

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! As a senior leader within the State National Actuarial team, you will serve as a trusted advisor to business leaders and a key deputy to the leader of the State National Actuarial function. This role offers the opportunity to influence strategic decisions, shape actuarial strategy, and drive meaningful impact across the organization.

Key Responsibilities

  • Lead and perform actuarial analyses that support reserving, forecasting, financial planning, and strategic decision-making.
  • Evaluate new business opportunities, programs, and strategic initiatives, providing data-driven insights that support profitable and sustainable growth.
  • Monitor emerging risks, industry trends, and market developments, proactively communicating business implications and recommendations to leadership.
  • Partner closely with Underwriting, Legal, Reinsurance, Accounting, Client Services, and Executive Leadership to provide actuarial expertise and support informed decision-making.
  • Assess potential acquisitions, partnerships, and other strategic opportunities through thoughtful actuarial analysis and risk evaluation.
  • Develop, enhance, and govern actuarial models, methodologies, and assumptions to drive stronger analytics, forecasting accuracy, and business insights.
  • Translate complex actuarial concepts into clear, actionable recommendations for both technical and non-technical audiences.
  • Present findings and strategic recommendations to senior leadership, influencing key business decisions.
  • Serve as a trusted advisor on reserving, risk management, actuarial methodologies, and broader business strategy.
  • Identify and champion opportunities for process improvement, automation, and innovation that enhance actuarial capabilities and operational effectiveness.
  • Mentor and develop actuarial talent, fostering a culture of technical excellence, collaboration, and continuous improvement.
  • Represent the Actuarial Department on cross-functional initiatives and enterprise-wide projects.
  • Support State National's values, strategic priorities, and commitment to exceptional client service.

Knowledge, Skills & Abilities

  • Deep understanding of actuarial principles, reserving methodologies, and insurance analytics.
  • Strong commercial lines reserving expertise, including the ability to assess and communicate reserve adequacy, trends, and emerging risks.
  • Ability to think strategically and connect actuarial insights to broader business objectives.
  • Exceptional communication and presentation skills, with the ability to influence stakeholders at all levels of the organization.
  • Proven ability to explain complex actuarial concepts and technical analyses to non-technical audiences.
  • Demonstrated success building strong partnerships and credibility across large, cross-functional organizations.
  • Experience collaborating with business leaders to drive data-informed decision-making and meaningful business outcomes.
  • Strong analytical, critical thinking, and problem-solving capabilities, with the ability to balance technical rigor and practical business judgment.
  • Ability to effectively articulate and defend actuarial assumptions, methodologies, and recommendations.
  • Experience identifying opportunities to improve processes, systems, and analytical capabilities through innovation and automation.
  • Excellent understanding of insurance data, financial reporting, and actuarial reporting requirements.
  • Strong project leadership skills, including prioritization, resource coordination, and execution against deadlines.
  • Experience with analytical tools and programming languages such as SQL, Python, Excel, and related technologies.
  • Self-motivated, results-oriented professional with a focus on high-impact priorities and continuous improvement.
  • Ability to travel up to 15%, as needed.

Credentials

  • ACAS required.
  • FCAS preferred.

Experience

  • 8+ years of progressively responsible actuarial experience, with significant commercial lines reserving experience.
  • Demonstrated success leading complex actuarial analyses and supporting key business decisions through reserving, forecasting, and risk evaluation.
  • Experience partnering with senior leaders and influencing strategic decisions through data-driven recommendations.
  • Proven ability to lead cross-functional initiatives and drive alignment among diverse stakeholder groups.
  • Prior experience mentoring, developing, and supporting actuarial talent.
  • Strong business acumen and the ability to balance technical excellence with practical business considerations.
  • Experience with insurance financial reporting, annual statements, and actuarial reporting requirements.

#LI-SP

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary range for the Actuarial Specialist is $116,080 to $159,610 with 25% incentive.

Who we are:

Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We're all about people | We win together | We strive for better

We enjoy the everyday | We think further

What's in it for you:

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

  • We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.

  • All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

Should you require any accommodation through the application process, please send an e-mail to therarecruiting@markel.com.

No agencies please.