The average salary for an Entry-Level Actuarial Associate is $65,328.
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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 protect…Read more
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.
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Popular Skills for Actuarial Associate
Skills in Microsoft Excel, Data Analysis and VBA are correlated to pay that is above average. Skills that pay less than market rate include SQL.
Pay by Experience Level for Actuarial Associate
An early career Actuarial Associate with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $76,711 based on 92 salaries. A mid-career Actuarial Associate with 5-9 years of experience earns an average total compensation of $94,372 based on 34 salaries. An experienced Actuarial Associate with 10-19 years of experience earns an average total compensation of $104,750 based on 5 salaries.
Years of Experience
This data is based on 131 survey responses.
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