MMC). A day in the life. As our Strategic Client Executive on the Rx Solutions team, your day ... the actuarial team to assess pharmacy strategies tailored to specific clients, all aimed at ...
MMC). A day in the life. As our Strategic Client Executive on the Rx Solutions team, your day ... the actuarial team to assess pharmacy strategies tailored to specific clients, all aimed at ...
Life Insurance Actuary information
See Raleigh, NC salary details
$68K - $71.2K
6% of jobs
$71.2K - $74.4K
10% of jobs
$77.6K is the 25th percentile. Wages below this are outliers.
$74.4K - $77.6K
8% of jobs
$77.6K - $80.8K
10% of jobs
$80.8K - $84K
8% of jobs
The median wage is $85.9K / yr.
$84K - $87.1K
10% of jobs
$87.1K - $90.3K
8% of jobs
$90.3K - $93.5K
10% of jobs
$94.3K is the 75th percentile. Wages above this are outliers.
$93.5K - $96.7K
8% of jobs
$96.7K - $99.9K
10% of jobs
$99.9K - $103K
8% of jobs
$68K
$86.5K
$103K
How much do life insurance actuary jobs pay per year?
As of Aug 9, 2026, the average yearly pay for life insurance actuary in Raleigh, NC is $86,494.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $95,800.00 per year, depending on experience, location, and employer.
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 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 is the difference between Life Insurance Actuary vs Pension Actuary?
| Aspect | Life Insurance Actuary | Pension Actuary |
|---|---|---|
| Required Credentials | Fellowship in actuarial societies (e.g., SOA, CAS) | Fellowship in actuarial societies (e.g., SOA) |
| Work Environment | Insurance companies, consulting firms | Retirement plan providers, consulting firms |
| Industry Usage | Primarily insurance industry | Primarily pension and retirement industry |
| Common Search/Comparison | Yes | Yes |
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.
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 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.
More about Life Insurance Actuary jobs
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:
Full-time
Medical, Retirement
Re-posted 6 days ago
Job description
Company:
Marsh McLennan Agency
Description:
Strategic Client Executive, Rx Solutions
Our not-so-secret sauce.
Award-winning, inclusive, Top Workplace culture doesn't happen overnight. It's a result of hard work by extraordinary people. The industry's brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as a Strategic Client Executive, Rx Solutions at MMA.
Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh McLennan (NYSE: MMC).
A day in the life.
As our Strategic Client Executive on the Rx Solutions team, your day revolves around being the primary point of contact for the MMA field offices regarding pharmacy management, from post-sale implementation to ongoing client support. You'll lead client pharmacy market bids, RFPs, and PBM negotiations, ensuring that the needs of the field offices align with the deliverables from our strategic partners. Your role includes presenting results and recommendations to clients and prospects, conducting final reviews of new ASA agreements, and collaborating with carriers and PBMs for any necessary corrections before client signoff. Additionally, you'll lead regular training sessions for the MMA field force on clinical and pharmacy topics, present our consulting model during pre-renewal meetings, and work with clinical pharmacists and the actuarial team to assess pharmacy strategies tailored to specific clients, all aimed at improving member adherence and driving cost savings.
Travel: Estimated that approximately 30-35% of this role will require travel to MMA field offices throughout the assigned MMA regions
Our future colleague.
We'd love to meet you if your professional track record includes these skills:
These additional qualifications are a plus, but not required to apply:
We know there are excellent candidates who might not check all of these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.
Valuable benefits.
We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work.
Some benefits included in this role are:
To learn more about a career at MMA, check us out our website or flip through recruiting brochure.
Follow us on social media to meet our colleagues and see what makes us tick:
Who you are is who we are.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
#MMAEHB
#MMAMID
#LI-Hybrid
Marsh McLennan Agency
Description:
Strategic Client Executive, Rx Solutions
Our not-so-secret sauce.
Award-winning, inclusive, Top Workplace culture doesn't happen overnight. It's a result of hard work by extraordinary people. The industry's brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as a Strategic Client Executive, Rx Solutions at MMA.
Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh McLennan (NYSE: MMC).
A day in the life.
As our Strategic Client Executive on the Rx Solutions team, your day revolves around being the primary point of contact for the MMA field offices regarding pharmacy management, from post-sale implementation to ongoing client support. You'll lead client pharmacy market bids, RFPs, and PBM negotiations, ensuring that the needs of the field offices align with the deliverables from our strategic partners. Your role includes presenting results and recommendations to clients and prospects, conducting final reviews of new ASA agreements, and collaborating with carriers and PBMs for any necessary corrections before client signoff. Additionally, you'll lead regular training sessions for the MMA field force on clinical and pharmacy topics, present our consulting model during pre-renewal meetings, and work with clinical pharmacists and the actuarial team to assess pharmacy strategies tailored to specific clients, all aimed at improving member adherence and driving cost savings.
Travel: Estimated that approximately 30-35% of this role will require travel to MMA field offices throughout the assigned MMA regions
Our future colleague.
We'd love to meet you if your professional track record includes these skills:
- Bachelor's Degree or equivalent career experience
- Minimum of ten (10) years working directly in pharmacy from PBM, carrier, consultant or pharma manufacturer perspective
- Focus and experience with major accounts and a strong understanding of pharmacy benefits
- Strong relationship management experience with knowledge and experience in benefit consultation.
- Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future
These additional qualifications are a plus, but not required to apply:
- Current L&H licensure or ability to obtain within 90 days of employment
- In-depth knowledge of PBM contracts, and extensive experience in analysis and negotiations related to pharmacy and PBMs
We know there are excellent candidates who might not check all of these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.
Valuable benefits.
We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work.
Some benefits included in this role are:
- Generous time off, including personal and volunteering
- Tuition reimbursement and professional development opportunities
- Hybrid work
- Charitable contribution match programs
- Stock purchase opportunities
To learn more about a career at MMA, check us out our website or flip through recruiting brochure.
Follow us on social media to meet our colleagues and see what makes us tick:
- X
Who you are is who we are.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
#MMAEHB
#MMAMID
#LI-Hybrid