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Junior Actuarial Analyst Jobs (NOW HIRING)

The Senior Actuarial Analyst performs complex pricing analyses and provides actuarial support for ... junior-level staff. Qualifications: * Bachelor's degree in actuarial science, mathematics ...

Senior Actuarial Analyst

$107K - $128K/yr

Peer review and train junior level actuarial analyst including prioritization of work and projects. The Skills, Experience & Education You Bring * Bachelor's degree in quantitative discipline such as ...

Senior Actuarial Analyst

$107K - $128K/yr

Peer review and train junior level actuarial analyst including prioritization of work and projects. The Skills, Experience & Education You Bring * Bachelor's degree in quantitative discipline such as ...

In this role, you will leverage advanced actuarial techniques, predictive modeling, and data ... Mentors and trains junior analysts. * May lead team projects. * Work with various functions ...

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Junior Actuarial Analyst information

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$53

How much do junior actuarial analyst jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for junior actuarial analyst in the United States is $32.12, according to ZipRecruiter salary data. Most workers in this role earn between $23.08 and $35.34 per hour, depending on experience, location, and employer.

What does a junior actuarial analyst do?

A Junior Actuarial Analyst assists in analyzing statistical data to help companies assess risk and make informed financial decisions, often in the insurance or finance sectors. Their tasks typically include gathering and organizing data, running actuarial models, preparing reports, and supporting more senior actuaries. They use mathematical and statistical techniques to evaluate probabilities and financial impacts of events such as accidents, illnesses, or retirement. This role is often an entry-level position that provides valuable experience for those pursuing an actuarial career.

What are the key skills and qualifications needed to thrive as a junior actuarial analyst?

To thrive as a Junior Actuarial Analyst, you need a solid background in mathematics, statistics, and analytical problem-solving, typically supported by a degree in actuarial science, mathematics, or a related field. Familiarity with actuarial software such as SAS, R, Excel, and progress toward actuarial exams (like those from the SOA or CAS) are commonly expected. Strong attention to detail, effective communication, and collaboration skills help you interpret data and work with both technical and non-technical colleagues. These skills ensure accurate analyses, meaningful insights, and valuable contributions to risk management and business decision-making.

What are some common challenges faced by junior actuarial analysts during their first year, and how can they overcome them?

Junior Actuarial Analysts often encounter challenges such as adapting to specialized actuarial software, interpreting complex datasets, and balancing exam preparation with work responsibilities. It can also be daunting to communicate technical results to non-technical colleagues. To overcome these challenges, new analysts should proactively seek mentorship from experienced team members, participate in training sessions, and develop strong time management skills. Open communication and continuous learning are key to building confidence and effectiveness in this role.

What is the difference between Junior Actuarial Analyst vs Actuarial Analyst?

AspectJunior Actuarial AnalystActuarial Analyst
Required CredentialsTypically pursuing or has completed some actuarial examsUsually has passed more exams and has more experience
Work EnvironmentEntry-level, supervised, learning phaseMore independent, handling complex tasks
Employer & Industry UsageCommon in insurance and consulting firmsMore prevalent in established actuarial teams

The main difference between a Junior Actuarial Analyst and an Actuarial Analyst lies in experience, exam progress, and independence. Junior roles are entry-level, focusing on learning and supporting tasks, while Actuarial Analysts have more exams passed and handle more complex responsibilities.

More about Junior Actuarial Analyst jobs

What cities are hiring for Junior Actuarial Analyst jobs?

Cities with the most Junior Actuarial Analyst job openings:

What are the most commonly searched types of Actuarial Analyst jobs?

The most popular types of Actuarial Analyst jobs are:

What states have the most Junior Actuarial Analyst jobs?

States with the most job openings for Junior Actuarial Analyst jobs include:

Infographic showing various Junior Actuarial Analyst job openings in the United States as of August 2026, with employment types broken down into 89% Full Time, 6% Part Time, and 5% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $66,802 per year, or $32.1 per hour.

Associate Actuary & Manager

Independence Blue Cross

Philadelphia, PA • On-site

Full-time

Re-posted 4 days ago


Independence Blue Cross rating

8.8

Company rating: 8.8 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

58th of 315 rated insurance


Job description

Bring your drive for excellence, team orientation and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care. Our organization is looking to diversify, grow, innovate and serve, and we are looking for committed, empowered learning-oriented people to join our team. If this describes you, we want to speak with you
Description
Lead analyst role in the Actuarial Analyst job family. Works autonomously on the preparation and interpretation of pharmacy data and related modeling.
Duties
  1. Supports pharmacy pricing for all commercial segments.
  2. Maintains self-funded pharmacy pricing model. Works within team to model updates and coordinates implementation with underwriting.
  3. Monitors and forecasts pharmacy profitability and communicates this information to leadership.
  4. Provides actuarial support for corporate pharmacy initiatives.
  5. Communicates and collaborates effectively with key pharmacy stakeholders, including senior leadership, on relevant pharmacy topics.
  6. Directs the development of pricing research projects, including experience and trend analyses, book of business studies, vendor analyses, etc.
  7. Directs the development of rating information packages to be delivered to underwriting and other internal customers.
  8. Monitors industry news and ensures the company is competitively well-positioned in a dynamic marketplace.
  9. Proactively reviews advanced data analytic methods and identifies opportunities to improve team processes.
  10. Works effectively with external vendors, including PBM partner contacts.
  11. Represents actuarial team during meetings with management from other functional areas.
  12. Performs other duties and special projects as required.

Competencies/Expectations
In performing the tasks listed above, must show the ability to:
  • Be a "Pharmacy Expert" within the organization.
  • Take autonomous ownership of tasks, including problems with indeterminant scope.
  • Provide recommendations to influence project direction.
  • Lead cross-team and cross-organizational projects, as needed.
  • Assess impact on the big picture.
  • Handle new and unique situations.
  • Be accountable for project accuracy & timeliness.
  • Take a project from conception to completion.
  • Collaborate effectively with other departments and personnel, including underwriting, clinical, and informatics.
  • Mentor junior actuarial associates.

Qualifications - External
  • Bachelors degree in Mathematics, Statistics, Economics, Actuarial Services, or related field or equivalent work experience.
  • An FSA designation and five+ years of experience are required.
  • Solid mathematical background including extensive experience working with risk models, actuarial or mathematical analysis, and using automated or statistical analysis tools.
  • Proficiency in Excel is required.
  • Demonstrated experience using RStudio, SQL, and Visual Basic is preferred.
  • Proven ability to manage projects to a successful conclusion as well as the ability to identify best practices and methods.
  • Effective facilitation and presentation skills required in order to demonstrate business solutions in a clear and concise manner
  • The work must be performed in the Tri-State Area of Delaware, New Jersey or Pennsylvania.

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