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Salary and Benefits

Actuarial Analyst
$52K-$64K / yr. (est.)
$53K
$58,769 / year
$65K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Actuarial Analyst

What does an Actuarial Analyst do?

As Actuarial Analysts, we support the creation and delivery of save reviews and give accounts to customers, and we support the transport of high-quality analytical output for corporations with complex insurance and risk financing needs. We work with the team to ensure our clients receive a solution which is tailored to their needs. Additionally, we work closely with a lead actuary on reserving and will be involved in every stage of the project from building statistical models to drafting reports and presenting the final output to clients.

Core tasks:

  • support senior analysts and consultants within the team through pricing and profitability analysis
  • undertake reports, and statistical analysis of sales, outflows, member profiles, and propensity
  • assume setting, including economic, lapses and expenses
  • help in the development and use of pricing models for business decision making, including pricing changes
  • calculation of compensation and customer remediation
  • other product management, including investment option risk and spread reviews

Insights

How Many Years of Experience Do Professionals Need Before Becoming Actuarial Analyst?
On average, people work 3 yrs or less in other positions prior to becoming a Actuarial Analyst.
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Actuarial AnalystSan Francisco, CA - 11 months ago
lmao! 3 years? That's nothing! Try working a decade or more in other jobs and never finding your passion. This stat is refreshing! 😂
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Actuarial AnalystAustin, TX - 11 months ago
I find this hard to believe. Is there any reliable source to back up this claim? 🤔
How Long Do Actuarial Analyst Employees Typically Stay in Their Roles?
On average, Actuarial Analysts works in this position for 3-5 years across multiple employers.
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Software EngineerSeattle, WA - 11 months ago
Oh please, Actuarial Analysts changing jobs frequently doesn't make them experienced. It just shows their indecisiveness and inability to commit.
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HR ManagerHouston, TX - 11 months ago
What? Actuarial Analysts job hopping every few years? That screams instability and lack of loyalty. I wouldn't hire someone like that.
What Is the Job Hopper Score for Actuarial Analyst Employees?
Frequent job changes in Actuarial Analyst, indicating a willingness to change companies and roles more frequently.
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Software EngineerSeattle, WA - 11 months ago
Hey, at least our industry promotes continuous learning and adapting to new technologies. 🤓
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Financial AdvisorMiami, FL - 11 months ago
Job hopping can provide a broader range of experience and help actuaries better serve clients. Don't knock it till you try it! 😉

Career path

Path to job

Discover a Actuarial Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Actuarial Analyst typically studied at.
Penn State University
The University of Texas at Austin

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Actuarial Analyst Employees?
Gender ratio in Actuarial Analyst position: 0.646193078324226 Male and 0.353806921675774 Female. Age ratio in Actuarial Analyst position: 16-20: 2%, 21-30: 92%, 31-40: 5%, 41-50: 1%, 51-60: 0%, 60+: 0%. Actuarial Analyst position is predominantly male (64.6%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Actuarial AnalystSeattle, WA - 11 months ago
Yesss, finally some data to show the reality of the industry. It's time to address the lack of gender balance!
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Actuarial AnalystBoston, MA - 11 months ago
Why is this profession perceived as a young man's game? We need more diverse representation in all age groups!

Workplaces

Who Are the Top Employers for Actuarial Analyst?
Top employers of Actuarial Analyst position: Humana, Mercer, Milliman. People who work in Actuarial Analyst position most typically go on to work for the Humana.
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Investment AnalystSan Francisco, CA - 11 months ago
I've heard actuarial analysts are living in the past with their outdated methods. Get with the times, guys!
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EconomistMiami, FL - 11 months ago
Actuarial analysts are essential in the insurance industry, and it's no surprise that great companies like Humana are leading the way with their recruitment efforts.
Humana
Mercer
Milliman
What Industries Does Actuarial Analyst Typically Have Experience In?
Industry Background: The most typical industries of Actuarial Analyst: Finance & Insurance, Professional / Scientific / Technical, Health Care, Administrative & Support, Arts / Entertainment / Recreation. Actuarial Analyst employees most likely come from a Finance & Insurance industry background.
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Actuarial AnalystHouston, TX - 11 months ago
Y'all are missing out, I've found a lot of Actuarial Analysts in Administrative & Support roles! 😉
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Actuarial AnalystMiami, FL - 11 months ago
For real, I've seen Actuarial Analysts working in Arts/Entertainment/Recreation too. Don't underestimate the possibilities! 💪

Find your job as Actuarial Analyst

Discussion about Actuarial Analyst

Want to know more about Actuarial Analyst position?
Share your thoughts and ideas about Actuarial Analyst position with others in our community.
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How is the gender diversity among people working as an Actuarial Analyst?
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Isabella Holmes3 years ago
35% are women in this profession only.
What is the typical age of people who work as an Actuarial Analyst?
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Sophie Hayes3 years ago
People working as an Actuarial Analyst are 26 old on average.
How much experience do you need to work as an Actuarial Analyst?
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Isabella Holmes3 years ago
1.5 years of experience is needed on average for an Actuarial Analyst.
Which industries are highly likely to employ an Actuarial Analyst?
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Isabella Holmes3 years ago
Finance & Insurance employs the most.
What kind of degree is needed to work as an Actuarial Analyst?
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Liam Brown3 years ago
A Bachelor of Science degree could not hurt if you want to be an Actuarial Analyst
Which company are you working for as an Actuarial Analyst?
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Benjamin Gardner3 years ago
It’s common for an Actuarial Analyst to work for Humana, Mercer, Milliman, UnitedHealth Group and Willis Towers Watson
How long do you usually work as an Actuarial Analyst before changing to another position?
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Liam Brown3 years ago
4 years is the typical lifespan for an Actuarial Analyst.
How common is it for an Actuarial Analyst to jump from company to company?
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Sophie Hayes3 years ago
A Actuarial Analyst is likely to work for multiple companies as an Actuarial Analyst.
What jobs do people work in before becoming an Actuarial Analyst?
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Liam Brown3 years ago
You have a good chance of becoming an Actuarial Analyst if you are working as Actuarial Intern, Actuarial Assistant or Actuarial Associate
What typical professions people working as an Actuarial Analyst switch to?
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Benjamin Gardner3 years ago
Working as Actuarial Analyst consider Actuary, Actuarial Associate or Actuarial Consultant as a next step in your career.
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