The average salary for an Actuarial Associate in Newark, New Jersey is $70,616.
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$68k - $79k
$4k - $7k
$72k - $86k
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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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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 $69,321 based on 5 salaries. An early career Actuarial Associate with 1-4 years of experience earns an average total compensation of $76,800 based on 7 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Actuarial Associate in their job title in Salt Lake City, Utah earn an average of 38.1% more than the national average. These job titles also find higher than average salaries in Philadelphia, Pennsylvania (36.5% more) and West Des Moines, Iowa (20.0% more). The lowest salaries can be found in Houston, Texas (2.6% less).
Years of Experience
This data is based on 12 survey responses.
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