Actuarial Associate Salary

An Actuarial Associate earns an average salary of $70,090 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. A skill in Financial Modeling is associated with high pay for this job.

$52,467 - $95,475
$52K
$70K
$95K
MEDIAN: $70,090
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
$52,467 - $95,475  
   
Bonus
$1,468 - $8,170  
Profit Sharing
$4,104  
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).
)
$58,082 - $100,345  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 66

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United States (change)

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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

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

Actuarial Associate Job Listings

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Key Stats for Actuarial Associate

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
Less than 1 year
18%
1-4 years
64%
5-9 years
11%
10-19 years
6%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Actuarial Associate Salaries

Mid-Career
▲32%

Experienced
▲30%

National Average
$72,000

▼2%

Skills That Affect Actuarial Associate Salaries

Financial Modeling
▲19%

Data Analysis
▲4%

National Average
$72,000

Microsoft Excel
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
18%
1-4 years
64%
5-9 years
11%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 5%