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Life Insurance Actuary Jobs in Raleigh, NC (NOW HIRING)

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 ...

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

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 ...

Corporate Actuary

Durham, NC · On-site

$112K - $132K/yr

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that ... This actuarial role supports the broader corporate actuarial function and plays a critical part in ...

Director, Insurance Product Management

Durham, NC · On-site

$211K - $221K/yr

The ideal candidate comes from a life insurance, annuity, health insurance, or financial services ... Actuarial Operations Finance Accounting Compliance Distribution Data & Analytics Technology ...

FP&A Advise Senior Consultant

Raleigh, NC · On-site

$113K/yr

... insurance company, including NAIC statutory reporting and IFRS 17/LDTI Familiarity with actuarial ... This role supports finance transformation efforts for life and annuity (L&A), property and casualty ...

Underwriting Trainee

Chapel Hill, NC · On-site

$65K - $75K/yr

... insurance, risk management, economics, actuarial science, or related fields. * Required ... life insurance, paid parental leave, vacation and other paid time off. WHY IFG COMPANIES Founded in ...

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Showing results 1-20

Life Insurance Actuary information

See Raleigh, NC salary details

$68K

$86.5K

$103K

How much do life insurance actuary jobs pay per year?

As of Sep 8, 2026, the average yearly pay for life insurance actuary in Raleigh, NC is $86,489.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $95,700.00 per year, depending on experience, location, and employer.

What does a life insurance actuary do?

A life insurance actuary helps determine pricing for life insurance policies to minimize cost and risk. As a life insurance actuary, your duties include assessing risk and uncertainty among customer bases, performing financial analysis, and creating reports for salespeople and management. Qualifications for becoming a life insurance actuary typically include a bachelor’s degree in mathematics, actuarial science, or a related field, as well as professional actuary certification. Many candidates gain relevant job experience and skills through summer internships or by starting at a different position at an insurance firm. Other useful skills include strong attention to detail, excellent written and verbal communication, and analytical problem-solving abilities.

What does a life insurance actuary do?

A Life Insurance Actuary is a professional who uses mathematics, statistics, and financial theory to analyze and manage risks related to life insurance policies. They calculate premiums, reserves, and dividends, as well as evaluate the likelihood of future events such as mortality rates. Actuaries also help design insurance products and ensure that life insurance companies remain financially stable. Their work is crucial for pricing policies accurately and protecting both the company and policyholders.

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

To thrive as a Life Insurance Actuary, you need a strong background in mathematics, statistics, and actuarial science, typically supported by a relevant degree and progress toward actuarial certification (such as SOA exams). Proficiency with actuarial modeling software, spreadsheets, and risk analysis tools is essential for daily work. Analytical thinking, attention to detail, and effective communication skills help actuaries explain complex concepts and collaborate with colleagues. These skills are vital for accurately assessing risk, developing insurance products, and ensuring sound financial decision-making within insurance companies.

What are some common challenges faced by life insurance actuaries, and how can they be addressed?

Life Insurance Actuaries often face challenges such as keeping up with changing regulations, accurately modeling long-term risks, and effectively communicating complex findings to non-technical stakeholders. Staying current with industry standards and continuous professional development are essential to address regulatory shifts. Collaborating closely with underwriters, product managers, and IT teams can also help actuaries ensure models are practical and data is reliable. Developing strong communication skills is crucial for translating technical analysis into actionable business insights.

What is the difference between Life Insurance Actuary vs Pension Actuary?

AspectLife Insurance ActuaryPension Actuary
Required CredentialsFellowship in actuarial societies (e.g., SOA, CAS)Fellowship in actuarial societies (e.g., SOA)
Work EnvironmentInsurance companies, consulting firmsRetirement plan providers, consulting firms
Industry UsagePrimarily insurance industryPrimarily pension and retirement industry
Common Search/ComparisonYesYes

The main difference between a Life Insurance Actuary and a Pension Actuary lies in their focus areas. Life Insurance Actuaries primarily assess risks and set premiums for life insurance products, while Pension Actuaries focus on designing and valuing retirement plans. Both roles require similar credentials and often work in related industries, but their specific expertise and client needs differ.

Do life insurance actuaries make a lot of money?

Life insurance actuaries typically earn high salaries due to their specialized skills in risk assessment and financial modeling. 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. Compensation can also include bonuses and benefits, reflecting the demand for their expertise in the insurance industry.

How much does a life insurance actuary make?

A life insurance actuary's salary typically ranges from $70,000 to over $200,000 annually, depending on experience, certification level, and geographic location. Entry-level actuaries usually earn lower salaries, while those with professional credentials like the ASA or FSA and several years of experience can earn higher compensation, often supplemented with bonuses and benefits.

What are popular job titles related to Life Insurance Actuary jobs in Raleigh, NC?

For Life Insurance Actuary jobs in Raleigh, NC, the most frequently searched job titles are:

What job categories do people searching Life Insurance Actuary jobs in Raleigh, NC look for?

The top searched job categories for Life Insurance Actuary jobs in Raleigh, NC are:

Infographic showing various Life Insurance Actuary job openings in Raleigh, NC as of September 2026, with employment types broken down into 1% As Needed, 71% Full Time, 23% Part Time, and 5% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $86,489 per year, or $41.6 per hour.

Life Actuary Consultant

Deloitte

Raleigh, NC • On-site

Full-time

Posted 14 days ago


Key responsibilities

  • Advise life insurance and annuity clients on actuarial modernization, business transformation, and analytical initiatives.

  • Redesign and modernize business functions including underwriting, new business, product development, financial reporting, modeling, and adjacent actuarial processes.

  • Support the deployment of tools, technologies, data sources, and analytics to improve stakeholder experience, reduce cost, and generate actionable insights.


Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 93 frontline employees who took The Breakroom Quiz

48th of 154 rated financial services


Job description

Our Human Capital practice is at the forefront of transforming the nature of work. As converging forces reshape industries, our team uniquely addresses the complexities of work, workforce, and workplace dynamics. We leverage sector-specific insights and cross-domain perspectives to help organizations tackle their most challenging workforce issues and align talent strategies with their strategic visions. Our practice is renowned for making work better for humans and humans better at work. Be part of this exciting era of change and join us on this transformative journey.

Recruiting for this role ends on 10/1/2026.

Work you'll do

As an Actuarial Consultant on the Insights, Innovation & Operate team, you will be responsible for advising life insurance and annuity clients on actuarial modernization, business transformation, and analytical initiatives.

  • Monitor life insurance and annuity product, market, and regulatory developments to anticipate client needs and inform solution design
  • Redesign and modernize business functions including underwriting, new business, product development, financial reporting, modeling, and adjacent actuarial processes
  • Support the deployment of tools, technologies, data sources, and analytics to improve stakeholder experience, reduce cost, and generate actionable insights
  • Contribute to the design and deployment of proprietary models, algorithms, data sets, and other project accelerators in a consulting environment
  • Collaborate with cross-functional teams and senior leaders to support solution development, sales efforts, actuarial assurance activities, and practice development initiatives

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

Insights, Innovation, and Operate

Our Insights, Innovation & Operate Offering is designed to enhance key aspects of our clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. We innovate and deliver creative, industry-specific solutions that streamline operations and accelerate speed-to-value.

Qualifications

Required:

  • Bachelor's degree
  • 2+ years of actuarial experience supporting life insurance or annuity products
  • Successful completion of 2 actuarial exams
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • 2+ years of experience in product development, including product design, pricing, filing, and implementation across one or more distribution channels
  • 2+ years of experience developing experience studies for life actuarial assumptions including lapse, mortality, and expense assumptions
  • 2+ years of experience in assumption setting for pricing, forecasting, financial reporting, or embedded value applications
  • 2+ years of experience building actuarial projection models for pricing, financial planning, asset liability management, or financial reporting
  • 2+ years of experience in financial reporting using statutory, United States Generally Accepted Accounting Principles, International Financial Reporting Standards, or tax accounting methodologies
  • 1+ years of experience supporting mergers and acquisitions, including purchase accounting

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $100,400 to $197,900.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Qualifications:

Our Human Capital practice is at the forefront of transforming the nature of work. As converging forces reshape industries, our team uniquely addresses the complexities of work, workforce, and workplace dynamics. We leverage sector-specific insights and cross-domain perspectives to help organizations tackle their most challenging workforce issues and align talent strategies with their strategic visions. Our practice is renowned for making work better for humans and humans better at work. Be part of this exciting era of change and join us on this transformative journey.

Recruiting for this role ends on 10/1/2026.

Work you'll do

As an Actuarial Consultant on the Insights, Innovation & Operate team, you will be responsible for advising life insurance and annuity clients on actuarial modernization, business transformation, and analytical initiatives.

  • Monitor life insurance and annuity product, market, and regulatory developments to anticipate client needs and inform solution design
  • Redesign and modernize business functions including underwriting, new business, product development, financial reporting, modeling, and adjacent actuarial processes
  • Support the deployment of tools, technologies, data sources, and analytics to improve stakeholder experience, reduce cost, and generate actionable insights
  • Contribute to the design and deployment of proprietary models, algorithms, data sets, and other project accelerators in a consulting environment
  • Collaborate with cross-functional teams and senior leaders to support solution development, sales efforts, actuarial assurance activities, and practice development initiatives

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

Insights, Innovation, and Operate

Our Insights, Innovation & Operate Offering is designed to enhance key aspects of our clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. We innovate and deliver creative, industry-specific solutions that streamline operations and accelerate speed-to-value.

Qualifications

Required:

  • Bachelor's degree
  • 2+ years of actuarial experience supporting life insurance or annuity products
  • Successful completion of 2 actuarial exams
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • 2+ years of experience in product development, including product design, pricing, filing, and implementation across one or more distribution channels
  • 2+ years of experience developing experience studies for life actuarial assumptions including lapse, mortality, and expense assumptions
  • 2+ years of experience in assumption setting for pricing, forecasting, financial reporting, or embedded value applications
  • 2+ years of experience building actuarial projection models for pricing, financial planning, asset liability management, or financial reporting
  • 2+ years of experience in financial reporting using statutory, United States Generally Accepted Accounting Principles, International Financial Reporting Standards, or tax accounting methodologies
  • 1+ years of experience supporting mergers and acquisitions, including purchase accounting

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $100,400 to $197,900.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Education:Bachelor's DegreeEmployment Type:

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