Actuarial Jobs in Schaumburg, IL

An Actuary in the insurance industry plays a crucial role in managing risk. They use mathematics, statistics, and financial theory to study uncertain future events, especially those concerning insurance and pension programs. They help design insurance policies, pension plans, and other financial strategies by estimating the likely economic impact of various events such as sickness, accidents, natural disasters, and retirement. Actuaries are tasked with determining the potential financial risks of these events and advising companies on how to minimize such risks.

Actuaries must possess strong analytical skills, business knowledge, and an understanding of human behavior to design and implement business strategies. They typically need to have a bachelor's degree and must pass a series of exams to become certified professionals. The two primary actuarial societies in the U.S. are the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). To become an Actuary, a person could have roles such as an Actuarial Intern or Actuarial Analyst. They might also come from a background in Data Analysis or Statistics. The progression to becoming an Actuary requires rigorous exam preparation and practical experience in the field.

1-15 of 81 Jobs

Senior Staff Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 hours ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 hours ago

Represent Actuarial as Subject Matter Expert on assigned projects, leadership meetings and corporate committees. Coach less experienced actuarial staff....

Pricing Actuary, North America E&O

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 2 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 2 days ago

What you need to have: At least 5 years' experience in a pricing actuarial role, E&O background highly desired Associate of the Casualty Actuarial Society, or other relevant actuarial organization SQL...

Health and Benefits Actuarial Consultant/Analyst

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago

Job Responsibilities: Financial modeling (including quality review) of medical and dental quoted rates vs. self-insured projections Data collection and review: feasibility studies; annual RFP process...

Senior Actuary - Individual/Small Group

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago

Position Summary This position is also responsible for: Managing actuarial' s FP&A responsibilities for the IFP segment, which entails; 1) Maintaining and improving upon actuarial' s forecast model...

VP, P&C Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 3 days ago

Develop and direct the professional actuarial staff, ensuring they can perform to expected levels of performance, including training on current actuarial methodologies and standard industry practices...

Actuary/ Senior Actuarial Analyst - State National (multiple locations)

  • Rosemont, IL (9 miles from Schaumburg, IL)
  • 3 days ago
  • Rosemont, IL (9 miles from Schaumburg, IL)
  • 3 days ago

Essential Functions: Preparing and presenting material explaining actuarial concepts and findings. Providing guidance to non-actuaries on actuarial principles and concepts....

Government Health Actuary Manager

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 days ago

Qualifications Required: 8 + years of health actuarial experience and consulting and/or health plan/insurance company experience Bachelor's Degree Required 3 years' + experience with Medicaid managed...

Associate Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 6 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 6 days ago

Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals....

Actuarial Consultant, Financial Services, Transactions - Senior Manager

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago

Demonstrate an understanding of complex actuarial concepts, discuss complex issues with the engagement team and client management, keep informed of professional standards and firm policies (e.g., Actuarial...

Senior Associate, Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago

The Expertise and Skills You Have Bachelor's degree with a major in Mathematics, Actuarial Science, or another quantitatively rigorous subject preferred 2-4 years of experience in a pension and benefit...

Senior Actuary - AFA

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 7 days ago

This position will manage a small team of junior colleagues to support the actuarial pricing of Aetna Funding Advantage (AFA), a level-funded product with over $2 billion in annual revenue, trusted...

Casualty Reserving Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 8 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 8 days ago

liability, commercial auto liability, and reinsurance Experience with ResQ reserving software Exposure to VBA programming Role Factors: Follow the corporate and team guidance on in-office attendance...

Life Actuary

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 8 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 8 days ago

ASA or FSA required, MAAA designation preferred Knowledge of actuarial concepts: financial modeling and analysis, statutory valuation and reserving, risk management, product development and pricing,...

Remote Work

Healthcare Financial/Actuarial Director

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 9 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 9 days ago

Healthcare Financial/Actuarial Director Chicago, Illinois, United States....

Health Actuary Lead

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 11 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 11 days ago

concepts including: health rating, reserving, underwriting, financial modeling and analysis, risk management, pricing and reinsurance....

Remote Work

Demographic Data for Schaumburg, IL

Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.


Local
National
80,341
4,291
Medium/Lg

Actuarial Online Courses and Training Opportunities

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Introduction to Actuarial Science
This course readies you for a career as an actuary in finance, investments, banking or insurance. You may have heard of actuarial science, or you might even know an actuary, but do you know what...
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Title Synonyms

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Salary for Actuarial Jobs in Schaumburg, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireInsurance research efforts.

Highest Education Level

Actuarials in Schaumburg, IL offer the following education background
Bachelor's Degree
53.3%
Master's Degree
21.9%
High School or GED
6.8%
Vocational Degree or Certification
6.4%
Associate's Degree
6.3%
Doctorate Degree
3.7%
Some College
1.4%
Some High School
0.2%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Actuarials in Schaumburg, IL
None
34.4%
2-4 years
18.8%
Less than 1 year
15.6%
4-6 years
12.5%
10+ years
9.4%
1-2 years
6.3%
8-10 years
3.1%


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