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Actuary Salary in Champaign, IL

How much does the average Actuary make in Champaign, IL?


The average salary for an Actuary in Champaign, IL is between $70,809 and $174,250 as of March 01, 2025. Salary ranges can vary widely depending on the actual Actuary position you are looking for. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

About Champaign, Illinois    Champaign (English: /ˌʃæmˈpeɪn/) is a city in Champaign County, Illinois, United States. The city is 135 miles (217 km) south of Chicago, 124 miles (2....More

Champaign, Illinois  area prices were up 1.3% from a year ago    View the Cost of Living in Champaign, Illinois

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Base Salary

Core compensation

$70,809
$174,250
$122,529
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What is an Actuary?

An actuary uses math, statistics, computer modeling, and analysis to evaluate risk. They look at various events that could occur either to a person or to business and develop scenarios to minimize risk and cost. Many actuaries are employed in the insurance industry and may specialize in an area like health insurance, life insurance, or property insurance.


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Actuarial Analyst I
Alternate Job Titles: Actuarial Analyst I | Actuary Consultant I | Entry Level Actuary | Insurance Actuary I

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst II
Alternate Job Titles: Actuarial Analyst II | Actuary Consultant II | Insurance Actuary II

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst III
Alternate Job Titles: Actuarial Analyst III | Actuary Consultant III | Insurance Actuary III

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst IV
Alternate Job Titles: Actuarial Analyst IV | Actuary Consultant IV | Insurance Actuary IV

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

Actuarial Analyst V
Alternate Job Titles: Actuarial Analyst V | Actuary Consultant V | Insurance Actuary V

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details

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Actuary

What degree or educational requirements does an actuary need?

Actuaries typically obtain a Bachelor's degree in mathematics, statistics, business, or actuarial science. Coursework in computer science usually is included. Most individuals seeking a career as an actuary work towards certification in one of the major actuarial professional organizations: the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). Employers typically support an individual in this pursuit which can take many years of study. The actuarial designations are Associate, which is the first level and Fellow, which is the highest and most difficult to attain.

What are the best schools offering actuarial programs?

Some of the schools with top rated actuarial science programs are Purdue University, Carnegie Mellon University, University of Illinois at Urbana-Champaign, Ohio State University, Columbia University, Georgia State University, University of Nebraska, Temple University, Penn State University, and Drake University.

Are actuaries in demand?

According to the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook (BLS), employment of Actuaries, in general, is projected to grow about 22 percent from 2016 to 2026. The demand for Actuaries will be strong as insurance companies develop new products and try to reduce costs. Large companies will also employ actuaries to assess risk and help to guide operational policies.

What jobs are similar to or related to actuary?

Risk Manager and Statistician are other jobs that are sometimes related to actuaries.

Where can I find more information about actuary training and career opportunities?

Explore these additional resources for more on the acutarial profession.
American Academy of Actuaries
Casualty Actuarial Society
Society of Actuaries

What is the working environment for an actuary?

An actuary typically works in an office setting.

Actuary Jobs

Job Openings for Actuary in Champaign, IL
Modeling Actuary
Knighthead Life - Charlotte , NC
Since this will only be the second actuarial hire at the company, this candidate will be able to make significant contributions to the overall success of the business and will have meaningful ...
LinkedIn - 47 days ago
Actuary
Milliman, Inc. - Chicago , IL
Develop variable annuity (VA) products through actuarial modeling & develop hedging strategies to hedge market risk for VA products. Conduct mathematical & statistical analysis for risk mgmt. for ...
Recruitology - Today
Actuarial Analyst II - Remote (Select States)
Sentara - Norfolk , VA
... actuary including: IBNR calculation; the determination of rating factors such as age, sex, location, or industry; development of rates and filings for the BOI; suggestions for periodic group rating ...
Latpro - Diversity Jobs - 1 day ago
Actuarial Modeling Associate
Midwest Holding LLC - New York , NY
Actuarial Modeling Associate Company Overview Midwest Holding LLC, a modern financial services organization, seeks a skilled Actuarial Modeling Associate. Summary/Objective This role focuses on ...
LinkedIn - 5 days ago
Actuary - Assistant Director
Northwestern Mutual Careers - Milwaukee , WI
The Actuarial Department develops appropriate premiums, dividends, reserves, and surplus requirements by analyzing mortality, morbidity, persistency, investment and expense experience, striving to ...
Click To Hired US (JobSwipe) - 76 days ago
Actuarial Intern (College) (Multiple Positions)
Commonwealth Of Pennsylvania - Harrisburg , PA
If so, we are excited to welcome an ambitious Actuarial Intern to join the team and work towards enhancing your professional skill set. This opportunity allows you to gain a wealth of knowledge while ...
Latpro - Diversity Jobs - 13 days ago