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.

$55,160 - $100,859
$55K
$72K
$100K
MEDIAN: $71,765
10%
50%
90%

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$0$108K
Salary $55,160 - $100,859
Bonus $2,035 - $12,245
Profit Sharing $1,601 - $6,589
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).
)
$56,462 - $108,587
  • Country: United States
  • Currency: USD
  • Updated: 23 Nov 2017
  • Individuals Reporting: 148

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

Related Job Salaries

Key Stats for Actuarial Associate

Gender

Female
27 %
Male
73 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
Less than 1 year
17%
1-4 years
60%
5-9 years
14%
10-19 years
8%
20 years or more
1%

Experience Affects Actuarial Associate Salaries

Mid-Career
▲26%

Experienced
▲24%

National Average
$76,000

▼6%

Skills That Affect Actuarial Associate Salaries

Financial Modeling
▲13%

National Average
$76,000

Data Analysis
▼1%

Microsoft Excel
▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
17%
1-4 years
60%
5-9 years
14%
10-19 years
8%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 72%
no benefits
None: 6%