An Actuarial Associate earns an average salary of $69,670 per year. Most people move on to other jobs if they have more than 10 years' experience in this field. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay. The highest paying skills associated with this job are Financial Modeling and Data Analysis.

$51,811 - $101,092
(Median)
$52K
$70K
$100K
MEDIAN: $69,670
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$50K$100K$150K
Salary
$51,811 - $101,092  
   
Bonus
$1,546 - $10,017  
Profit Sharing
$3,000  
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).
)
$53,783 - $104,946  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 74
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Job Description for Actuarial Associate

Actuarial associates assist senior actuaries in assessing the financial impact of speculation, uncertainty, and risk related to unexpected, uncontrollable events such as death, natural disasters, and other liabilities to a corporation or firm. Actuarial associates typically work full time in an office environment, but they may also be part of a consulting firm that works directly with multiple companies. Their duties include the aggregation of existing databases to determine the need for protection against various liabilities, the collection of new data to determine liability risk, and interaction with other departments to research the potential for liabilities.

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Actuarial Associate Tasks

  • Advise policy holders, developing insurance plans, resolving issues, and managing oversight and policy value corrections.
  • Perform ad hoc research and statistical analysis to estimate rates and probabilities affecting policies.
  • Provide administrative, accounting, compliance, product development, valuation, and/or claims support for multiple departments.

Actuarial Associate Job Listings

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Experience Affects Actuarial Associate Salaries

Mid-Career
up arrow 32%

Experienced
up arrow 29%

National Average
$72,000

Entry-Level
up arrow 2%

Skills That Affect Actuarial Associate Salaries

Financial Modeling
up arrow 18%

Data Analysis
up arrow 15%

National Average
$72,000

Microsoft Excel
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
18%
1-4 years
61%
5-9 years
14%
10-19 years
7%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 90%
medical benefits
Vision: 75%
dental benefits
None: 6%
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