Actuary Jobs in Philadelphia, PA
Actuary jobs in Philadelphia are concentrated in Center City, University City, and the Market Street corridor, with strong demand from insurance carriers, healthcare systems, and financial services firms, including Independence Blue Cross, Pryor Associates, and KPMG US. Casualty, health, and pension specialties see the most consistent openings. See the openings below and apply to the ones that match your experience.
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Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care.
The Director & Actuary, RX Underwriting, leads the actuarial, underwriting, financial forecasting, pharmacy benefit management (PBM) oversight, and client performance functions that support the organization's pharmacy business. Responsible for strategic financial analysis, pharmacy trend forecasting, pricing strategy, vendor and PBM financial oversight, client guarantee management, forecasting, regulatory compliance, and cross-functional business partnership. Serve as the primary actuarial advisor to pharmacy leadership and key enterprise stakeholders while ensuring delivery of critical operational, financial, and client-facing commitments
Key Responsibilities:
Pharmacy Financial Forecasting & Actuarial Leadership
- Leads pharmacy cost forecasting, reforecasts, annual operating plan development, and monthly financial projections.
- Analyzes pharmacy utilization and trend drivers to support medical expense forecasting and enterprise financial planning.
- Develops actuarial analyses supporting pricing, product development, benefit design, and strategic initiatives.
- Communicates emerging trends, risks, and opportunities to executive leadership and business partners.
Pharmacy Pricing & Underwriting
- Oversees pharmacy underwriting strategy for renewals, new business opportunities, RFPs, and market competitiveness assessments.
- Directs pricing studies, margin analyses, guarantee evaluations, and pharmacy product financial modeling.
- Supports ACA, Medicare Part D, and commercial pharmacy pricing initiatives.
- Evaluates market trends and competitive positioning to maintain profitable and competitive pharmacy offerings.
PBM Oversight & Vendor Management
- Provides financial oversight of PBM contracts, performance guarantees, rebate programs, and discount arrangements.
- Leads financial evaluations during PBM procurements, vendor negotiations, and contract renewals.
- Oversees reconciliation activities, invoice validation, rebate accruals, and guarantee compliance.
- Assesses vendor performance and recommends strategies to optimize value and mitigate financial risk.
Client Financial Management & Guarantee Administration
- Oversees client rebate settlements, discount guarantee settlements, accruals, and reserve calculations.
- Leads client audit support, financial reporting, and custom analytical evaluations.
- Ensures timely and accurate client payments, contract compliance, and issue resolution.
- Supports sales and account management teams with pricing analyses and client-facing financial consultations.
Regulatory Compliance & Controls
- Ensures compliance with financial controls, audit requirements, and Model Audit Rule (MAR) processes.
- Maintains effective governance over key financial review and approval processes.
- Supports internal and external audits and ensures operational controls are executed effectively.
- Identifies and mitigates financial, operational, and compliance risks impacting pharmacy programs
Strategic Leadership & Business Partnership
- Partners closely with Finance, Accounting, Clinical, Product, Pharmacy Services, Sales, Reserving, Pricing, and Executive Leadership teams.
- Leads pharmacy financial strategy discussions and supports enterprise initiatives impacting pharmacy cost and revenue performance.
- Influences organizational planning, resource prioritization, and long-term pharmacy business strategies.
- Serves as a trusted advisor on pharmacy economics, pricing methodologies, and financial performance
Team Leadership
- Provides leadership and direction to actuarial, underwriting, forecasting, and pharmacy financial analysis associates.
- Establishes priorities, delegates work, develops talent, and ensures continuity of critical business functions.
- Drives process improvement, operational efficiency, and knowledge transfer across the team.
Qualifications:
Education & Experience
Bachelor's degree in Mathematics, Statistics, Economics, or Actuarial Science- Fellowship in the Society of Actuaries
- Prior supervisory experience required
- 10+ years of healthcare industry experience to include actuarial, underwriting
- 6+ years of Pharmacy Actuarial experience preferred to include understanding the PBM
Knowledge & Skills
Strong analytical, financial, and strategic planning skills.- Demonstrated ability to lead teams and collaborate across multiple business areas.
- Excellent communication and stakeholder management capabilities.
- Strong knowledge of rebates, guarantees, PBM contracting, healthcare finance, and regulatory requirements.
- Demonstrated ability to lead cross-functional initiatives and influence executive-level decision making.
- Advanced analytical, financial modeling, and stakeholder management skills
Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania
IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.
Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.
Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care.
The Director & Actuary, RX Underwriting, leads the actuarial, underwriting, financial forecasting, pharmacy benefit management (PBM) oversight, and client performance functions that support the organization's pharmacy business. Responsible for strategic financial analysis, pharmacy trend forecasting, pricing strategy, vendor and PBM financial oversight, client guarantee management, forecasting, regulatory compliance, and cross-functional business partnership. Serve as the primary actuarial advisor to pharmacy leadership and key enterprise stakeholders while ensuring delivery of critical operational, financial, and client-facing commitments
Key Responsibilities:
Pharmacy Financial Forecasting & Actuarial Leadership
- Leads pharmacy cost forecasting, reforecasts, annual operating plan development, and monthly financial projections.
- Analyzes pharmacy utilization and trend drivers to support medical expense forecasting and enterprise financial planning.
- Develops actuarial analyses supporting pricing, product development, benefit design, and strategic initiatives.
- Communicates emerging trends, risks, and opportunities to executive leadership and business partners.
Pharmacy Pricing & Underwriting
- Oversees pharmacy underwriting strategy for renewals, new business opportunities, RFPs, and market competitiveness assessments.
- Directs pricing studies, margin analyses, guarantee evaluations, and pharmacy product financial modeling.
- Supports ACA, Medicare Part D, and commercial pharmacy pricing initiatives.
- Evaluates market trends and competitive positioning to maintain profitable and competitive pharmacy offerings.
PBM Oversight & Vendor Management
- Provides financial oversight of PBM contracts, performance guarantees, rebate programs, and discount arrangements.
- Leads financial evaluations during PBM procurements, vendor negotiations, and contract renewals.
- Oversees reconciliation activities, invoice validation, rebate accruals, and guarantee compliance.
- Assesses vendor performance and recommends strategies to optimize value and mitigate financial risk.
Client Financial Management & Guarantee Administration
- Oversees client rebate settlements, discount guarantee settlements, accruals, and reserve calculations.
- Leads client audit support, financial reporting, and custom analytical evaluations.
- Ensures timely and accurate client payments, contract compliance, and issue resolution.
- Supports sales and account management teams with pricing analyses and client-facing financial consultations.
Regulatory Compliance & Controls
- Ensures compliance with financial controls, audit requirements, and Model Audit Rule (MAR) processes.
- Maintains effective governance over key financial review and approval processes.
- Supports internal and external audits and ensures operational controls are executed effectively.
- Identifies and mitigates financial, operational, and compliance risks impacting pharmacy programs
Strategic Leadership & Business Partnership
- Partners closely with Finance, Accounting, Clinical, Product, Pharmacy Services, Sales, Reserving, Pricing, and Executive Leadership teams.
- Leads pharmacy financial strategy discussions and supports enterprise initiatives impacting pharmacy cost and revenue performance.
- Influences organizational planning, resource prioritization, and long-term pharmacy business strategies.
- Serves as a trusted advisor on pharmacy economics, pricing methodologies, and financial performance
Team Leadership
- Provides leadership and direction to actuarial, underwriting, forecasting, and pharmacy financial analysis associates.
- Establishes priorities, delegates work, develops talent, and ensures continuity of critical business functions.
- Drives process improvement, operational efficiency, and knowledge transfer across the team.
Qualifications:
Education & Experience
Bachelor's degree in Mathematics, Statistics, Economics, or Actuarial Science- Fellowship in the Society of Actuaries
- Prior supervisory experience required
- 10+ years of healthcare industry experience to include actuarial, underwriting
- 6+ years of Pharmacy Actuarial experience preferred to include understanding the PBM
Knowledge & Skills
Strong analytical, financial, and strategic planning skills.- Demonstrated ability to lead teams and collaborate across multiple business areas.
- Excellent communication and stakeholder management capabilities.
- Strong knowledge of rebates, guarantees, PBM contracting, healthcare finance, and regulatory requirements.
- Demonstrated ability to lead cross-functional initiatives and influence executive-level decision making.
- Advanced analytical, financial modeling, and stakeholder management skills
Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania
IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.
Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.
See All 19 Actuary Jobs in Philadelphia
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Find Actuary JobsActuary Job Market in Philadelphia
Who's Hiring
Top Industries Hiring
- Insurance
- Accounting & Auditing
- Healthcare & Medical Services
- Consulting & Professional Services
Actuary Jobs in Philadelphia: Frequently Asked Questions
How do I get a actuary job in Philadelphia?
Philadelphia's strongest hiring comes from its large health insurance carriers, regional property and casualty insurers, and hospital systems that run sizable actuarial departments in-house. Center City and University City host most of these employers. Candidates who hold at least two Society of Actuaries or Casualty Actuarial Society exams and can demonstrate experience with predictive modeling or reserving work stand out in this market over candidates with exams alone.
Which companies hire actuarys in Philadelphia?
Philadelphia actuary roles are posted by Independence Blue Cross, Pryor Associates, and KPMG US and others right now, based on current listings on Migrate Mate as of August 2026. Philadelphia's hiring base skews toward large health insurers, regional carriers, and consulting firms with downtown offices that serve both insurance and employee benefits clients.
Are there remote actuary jobs in Philadelphia?
Yes, though availability varies by specialty since actuarial work is desk-based and analytical, making it more remote-compatible than most roles that require physical presence. About 60% of actuary openings tied to Philadelphia are remote or hybrid as of August 2026, with consulting and health actuarial roles leading that trend. On-site expectations are more common for junior positions at insurers headquartered in or near Center City.
How can I get a actuary job in Philadelphia with little or no experience?
The most realistic entry path in Philadelphia is through an actuarial analyst or student actuary role at one of the city's health insurance carriers or regional property and casualty firms, which regularly hire candidates who have passed one or two exams. Employers in the employee benefits consulting space near Center City also bring on analysts to support pricing and valuation work. A summer internship with a Philadelphia insurer or hospital system is the most direct bridge into a full-time role.
Which industries hire the most actuarys in Philadelphia?
Most actuary openings in Philadelphia sit in Insurance, Accounting & Auditing, and Healthcare & Medical Services, per current listings on Migrate Mate as of August 2026. Philadelphia's concentration of major health insurers, long-established property and casualty carriers, and large hospital networks with actuarial functions drives that industry mix locally.
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