The average salary for an Actuarial Associate with Microsoft Excel skills is $72,909.
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$60k - $95k
$2k - $12k
$912 - $10k
$63k - $102k
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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.
Popular Employer Salaries for Actuarial Associate
The top respondents for the job title Actuarial Associate are from the companies Mercer LLC, Prudential Financial Inc. and Buck Consultants, LLC. Reported salaries are highest at Mercer LLC where the average pay is $92,983. Other companies that offer high salaries for this role include Prudential Financial Inc., earning around $75,800. PricewaterhouseCoopers pays the lowest at around $64,500. Buck Consultants, LLC also pays on the lower end of the scale, paying $66,335.
Actuarial Associate Job Listings
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Popular Skills for Actuarial Associate
Skills in Data Analysis and Financial Modeling are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office, SQL and VBA.
Pay by Experience Level for Actuarial Associate
An entry-level Actuarial Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $66,091 based on 20 salaries. An early career Actuarial Associate with 1-4 years of experience earns an average total compensation of $75,936 based on 63 salaries. A mid-career Actuarial Associate with 5-9 years of experience earns an average total compensation of $92,201 based on 23 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Actuarial Associate in their job title in Philadelphia, Pennsylvania earn an average of 21.4% more than the national average. The lowest salaries can be found in Overland Park, Kansas (4.0% less), Newark, New Jersey (2.9% less) and Chicago, Illinois (1.2% less).
Years of Experience
This data is based on 106 survey responses.
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