The average salary for an Actuarial Analyst is $64,725.
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What Do Actuarial Analysts Do?
An actuary analyst uses data to measure risk for a company or organization, such as insurance company or a financial services business. Common functions performed by an actuary analyst include coordinating, preparing, and performing actuarial analyses, which are required by companies when developing new products, projecting future results, repricing existing products, and/or determine financial strength. An actuary analyst is usually expected to work under minimal supervision and must be able to…Read more
Actuarial Analyst Tasks
- Analyze risk evaluation data, using appropriate models and statistical methods, and creating relevant charts and graphs.
- Review accuracy of data and calculations.
- Report and interpret results of data analysis.
Job Satisfaction for Actuarial Analyst
Popular Employer Salaries for Actuarial Analyst
The top respondents for the job title Actuarial Analyst are from the companies Willis Towers Watson, Milliman, Incorporated and Mercer LLC. Reported salaries are highest at UnitedHealth Group where the average pay is $78,060. Other companies that offer high salaries for this role include Transamerica and Mercer LLC, earning around $76,987 and $68,474, respectively. Aetna, Inc. pays the lowest at around $62,058. Willis Towers Watson and Anthem also pay on the lower end of the scale, paying $62,577 and $63,192, respectively.
Actuarial Analyst Job Listings
What Are Popular Skills for Actuarial Analysts?
Skills in SQL and VBA are correlated to pay that is above average. Skills that pay less than market rate include Statistical Analysis, Data Analysis and Microsoft Excel.
What is the Pay by Experience Level for Actuarial Analysts?
An entry-level Actuarial Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $61,654 based on 357 salaries. An early career Actuarial Analyst with 1-4 years of experience earns an average total compensation of $65,988 based on 750 salaries. A mid-career Actuarial Analyst with 5-9 years of experience earns an average total compensation of $75,150 based on 109 salaries. An experienced Actuarial Analyst with 10-19 years of experience earns an average total compensation of $78,119 based on 27 salaries. In their late career (20 years and higher), employees earn an average total compensation of $69,599.
Pay Difference by Location
Employees with Actuarial Analyst in their job title in New York, New York earn an average of 12.4% more than the national average. These job titles also find higher than average salaries in San Francisco, California (10.1% more) and Boston, Massachusetts (8.6% more). The lowest salaries can be found in Atlanta, Georgia (6.9% less) and Dallas, Texas (2.1% less).
Years of Experience
This data is based on 1,253 survey responses.