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Insurance Actuary Jobs in Virginia (NOW HIRING)

Markel International

Actuary - State National

Richmond, VA · On-site

$115K - $135K/yr

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

Genworth Financial

Actuary, Model Risk

Richmond, VA · On-site +1

$115K - $135K/yr

YOUR ROLE As an Actuary and member of the Model Risk Team, you will assess and manage model risk for Genworth's US Life Insurance, CareScout Insurance, CareScout Services businesses, and Genworth ...

Deloitte

Health Actuary Consultant

Richmond, VA · On-site

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 Consultant

Mclean, VA · On-site

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

Deloitte

Health Actuary Consultant

Mclean, VA · On-site

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 Consultant

Richmond, VA

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

Deloitte

Life Actuary Consulting Manager

Richmond, VA · 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 Consulting Manager

Mclean, VA · 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 ...

Markel International

Senior Actuary

Richmond, VA · On-site +1

$141K - $194K/yr

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 ...

Deloitte

Health Actuary Consulting Manager

Mclean, VA · On-site

Preferred: * 6+ years of consulting, health plan, or insurance company experience * 4+ years of experience leading teams * Associate of the Society of Actuaries (ASA) with progression to Fellow of ...

Deloitte

Life Actuary Senior Consultant

Mclean, VA

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 ...

Markel Corporation

Senior Actuary

Richmond, VA · On-site

$141K - $194K/yr

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 ...

Markel Corporation

Senior Actuary

Glen Allen, VA · On-site

$141.64 - $194.76/hr

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 ...

Deloitte

Life Actuary Senior Consultant

Richmond, VA · On-site

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 ...

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Insurance Actuary information

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$112K

$130.7K

$136.3K

How much do insurance actuary jobs pay per year?

As of Aug 28, 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 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.

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 and finance industries.

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. Candidates with strong analytical abilities, relevant internships, and professional credentials like ASA or FSA have better prospects, but the hiring process often involves multiple exam passes and experience evaluations. Overall, it can be challenging but achievable with dedicated preparation and relevant qualifications.

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:

Insurance Actuary jobs near you
Infographic showing various Insurance Actuary job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 19% Part Time, and 6% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $130,710 per year, or $62.8 per hour.

Experience Study Actuary, Life Assumption

Richmond, VA • On-site

Jobtailor
See more jobs at Jobtailorexternal

$110 - $165/hr

Other

Posted 10 days ago

Job description

Responsibilities
  • Contribute to the Inforce experience reviews and support the Life mortality, lapse and premium persistency assumption development and the experience monitoring projects
  • Analyze statistical data to forecast risk and liability for payment of future benefits, focusing on Life assumption setting
  • Communicate results of recommendations and reviews to non-technical audience
  • Collaborate with Projection and Valuation Team to create consistent messaging and improve reconciliations.
  • Provide peer review and guidance to actuarial experience and assumptions team
  • Support maintenance and enhancements of assumption development process
  • Develop and document internal controls for validating and reconciling assumptions implementation with valuation, projections, and pricing data.
  • Support ad-hoc requests for actuarial assistance
Requirements
  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
  • Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
  • At least 5+ years relevant experience with FSA, more years required with ASA
  • Experience in Actuarial processes, including valuation, projections, experience and pricing
  • Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance
  • Strong proficiency in a programming language such as SAS, Python, R or SQL
  • Experience in life insurance experience studies and assumption setting
  • Ability to manage concurrent deadlines and multiple priorities in an organized manner
  • Nice to have 7+ years of relevant experience
  • Experience in assumption development using Predictive Analytics like GLM modeling.
  • Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling.
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