Actuarial Assistant Salary

The average pay for an Actuarial Assistant is $60,869 per year. People in this job generally don't have more than 10 years' experience. A skill in SQL is associated with high pay for this job.

$49,788 - $79,038
(Median)
$50K
$61K
$79K
MEDIAN: $60,868
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Salary
$49,788 - $79,038  
   
Bonus
$0.00 - $5,877  
Profit Sharing
$1,965 - $3,256  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,439 - $82,030  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 151
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Job Description for Actuarial Assistant

Actuarial assistants perform analysis of quantitative statistical data, specifically dealing with financial risk. Tasks may include analyzing rating models, implementing or evaluating pricing systems, extracting financial data, calculating and managing risk, conducting valuation, and working with underwriting systems. They develop results that help minimize risk and maximize expected profits for their employers. Depending on their employer, actuarial assistants may work on a variety of projects or specialize in one topic. For example, a large life insurance company might employ actuarial assistants who deal entirely with mortality risk. Additionally, they often analyze data for other professional departments within the same company but could also work with major clients or suppliers.

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Actuarial Assistant Tasks

  • Clean, organize, standardize, and document data sets.
  • Document and present on project status and recommendations.
  • Calculate statistical and probability forecasts and models from data.

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Popular Skills for Actuarial Assistant

Related Job Salaries

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Experience Affects Actuarial Assistant Salaries

Mid-Career
up arrow 23%

National Average
$61,000


Skills That Affect Actuarial Assistant Salaries

SQL
up arrow 13%

SAS
up arrow 2%

National Average
$61,000

Microsoft Excel
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
35%
1-4 years
51%
5-9 years
13%
10-19 years
1%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 9%
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