Actuarial Assistant Salary

The average pay for an Actuarial Assistant is $60,844 per year. People in this job generally don't have more than 10 years' experience. A skill in Data Analysis is associated with high pay for this job.

$49,748 - $78,461
(Median)
$50K
$61K
$78K
MEDIAN: $60,844
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$49,748 - $78,461  
   
Bonus
$974 - $5,778  
Profit Sharing
$2,750  
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).
)
$49,358 - $80,985  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 166
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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

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Experience Affects Actuarial Assistant Salaries

Mid-Career
up arrow 28%

National Average
$61,000


Skills That Affect Actuarial Assistant Salaries

Data Analysis
up arrow 11%

SAS
up arrow 7%

SQL
up arrow 5%

National Average
$61,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
36%
1-4 years
52%
5-9 years
10%
10-19 years
2%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 79%
medical benefits
Vision: 64%
dental benefits
None: 8%
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