Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Become An Actuarial Analyst

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As An Actuarial Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $68,750

    Average Salary

What Does An Actuarial Analyst Do

Actuarial Analysts use statistical formulas to assess the probability and costs of certain events such as accidents, property damages, injuries, and deaths. They are usually specialized in finance, general insurance, health and care, life insurance, and savings/investment.

How To Become An Actuarial Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

Show More

Show Less

Actuarial Analyst jobs

Add To My Jobs
What type of job are your looking for?
Full Time
Part Time
Internship
Temporary

Real Actuarial Analyst Salaries

Job Title Company Location Start Date Salary
Senior Actuarial Analyst Clover Health Labs, LLC Jersey City, NJ Jun 04, 2016 $165,000
Senior Actuarial Analyst Liberty Mutual Group Inc. Boston, MA Jul 29, 2015 $150,000 -
$169,500
Senior Actuarial Analyst XL Specialty Insurance Company New York, NY Feb 02, 2016 $139,277
Senior Actuarial Analyst American International Group, Inc. New York, NY Feb 11, 2015 $135,970
Actuarial Analyst AIG PC Global Services, Inc. New York, NY Jan 29, 2015 $135,970
Actuarial Analyst National Union Fire Insurance Co of Pittsburgh, Pa New York, NY Mar 20, 2015 $135,970
Senior Actuarial Analyst AIG PC Global Services, Inc. New York, NY May 01, 2015 $128,000
Senior Actuarial Analyst AIG PC Global Services, Inc. New York, NY Jan 05, 2015 $128,000
Senior Actuarial Analyst Endurance Services Limited New York, NY Jan 08, 2016 $126,060
Senior Actuarial Analyst Endurance Services Limited New York, NY Aug 01, 2016 $126,060

No Results

To get more results, try adjusting your search by changing your filters.

Show More

Top Skills for An Actuarial Analyst

FinancialStatementsLossRatioSASPlanLiabilitiesSQLServerComplianceVBAPersonalAutoBenefitCalculationsAssetRateFilingsMedicareAdvantageIbnrAnnuityProductsPbgcValuationReportsLifeInsuranceProductsDataAnalysisGovernmentFilingsBenefitStatements

Show More

Top Actuarial Analyst Skills

  1. Financial Statements
  2. Loss Ratio
  3. SAS
You can check out examples of real life uses of top skills on resumes here:
  • Analyzed client financial statements to set claims for retiree health valuations.
  • Developed models to measure on the impact of Minimum Loss Ratio Requirements.
  • Helped lead our team in the transition to SAS.
  • Coded and utilized actuarial valuation software to calculate pension plan assets and plan liabilities for funding and expense rules.
  • Trained in database design and development through Microsoft SQL Server 2000 classes.

Top Actuarial Analyst Employers

Actuarial Analyst Videos

What the $%*# is an ACTUARY?!

Actuary Career Information : How to Become an Actuary

Actuary Salary Surveys for Actuarial Jobs (US)