Actuarial Consultant

Lamwork; United States; On-site; USD 125,000 - 130,000; Full time

Job summary

Lamwork is seeking an Actuarial Consultant to apply skills in actuarial modeling and risk analysis within the insurance sector. Responsibilities include analyzing claims data, building actuarial models for pricing and reserving, and ensuring compliance with regulatory requirements.

The ideal candidate should possess strong actuarial skills and excellent communication abilities to collaborate with cross-functional teams. The median salary for this role, based on related occupations, is approximately $125,770 annually.

Qualifications

• Expertise in actuarial modeling and reserve analysis.
• Strong statistical analysis skills with proficiency in relevant programming languages.
• Excellent stakeholder communication and critical thinking abilities.

Responsibilities

• Analyze claims datasets and generate pricing inputs.
• Build actuarial models for pricing and capital planning.
• Lead regulatory rate filings and ensure compliance.

Skills

Actuarial Modeling

Reserve Analysis

Statistical Analysis

SQL/SAS/R Programming

Advanced Excel with VBA

Stakeholder Communication

Critical Thinking

Problem Solving

Project Management

Client Management

Job description

Actuarial Consultant professionals apply actuarial modeling, risk analysis, and regulatory compliance expertise across insurance and financial sectors. Explore the job requirements and career path.

Responsibilities

• Analyze claims datasets and healthcare or insurance cost trends to generate pricing inputs that support rate adequacy decisions.
• Build actuarial models for pricing, reserving, and capital planning that accurately reflect product risk across multiple lines of business.
• Lead preparation and submission of regulatory rate filings, responding to state department objections and ensuring ongoing compliance.
• Oversee IBNR reserve calculations and ongoing claims tracking to confirm that reserves remain adequate through each accounting period.
• Coordinate cross‑functional work with Finance, Underwriting, and Product teams to align revenue forecasts, rating factors, and plan design recommendations.

Required Skills

• Hard Skills: Actuarial Modeling, Reserve Analysis, Statistical Analysis, SQL/SAS/R Programming, Advanced Excel with VBA
• Soft Skills: Stakeholder Communication, Critical Thinking, Problem Solving, Project Management, Client Management

Career Progression

• Actuarial Analyst
• Actuarial Consultant
• Senior Actuarial Consultant
• Principal Actuarial Consultant or Actuarial Manager

Salary

The U.S. Bureau of Labor Statistics does not track Actuarial Consultant as a separate occupation. Based on the closest related role, Actuaries, the median annual salary is $125,770 per year, according to the most recent available data.