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Actuarial analyst vs actuary clerk

The differences between actuarial analysts and actuary clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuarial analyst has an average salary of $75,593, which is higher than the $58,453 average annual salary of an actuary clerk.

The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for an actuary clerk are VBA, data entry, and death claims.

Actuarial analyst vs actuary clerk overview

Actuarial AnalystActuary Clerk
Yearly salary$75,593$58,453
Hourly rate$36.34$28.10
Growth rate21%21%
Number of jobs41,51167,209
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 59%
Average age3939
Years of experience--

Actuarial analyst vs actuary clerk salary

Actuarial analysts and actuary clerks have different pay scales, as shown below.

Actuarial AnalystActuary Clerk
Average salary$75,593$58,453
Salary rangeBetween $55,000 And $103,000Between $36,000 And $94,000
Highest paying CitySeattle, WA-
Highest paying stateWashington-
Best paying companyNationwide Financial-
Best paying industryFinance-

Differences between actuarial analyst and actuary clerk education

There are a few differences between an actuarial analyst and an actuary clerk in terms of educational background:

Actuarial AnalystActuary Clerk
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 59%
Most common majorMathematicsBusiness
Most common collegeUniversity of Notre DameUniversity of Pennsylvania

Actuarial analyst vs actuary clerk demographics

Here are the differences between actuarial analysts' and actuary clerks' demographics:

Actuarial AnalystActuary Clerk
Average age3939
Gender ratioMale, 61.1% Female, 38.9%Male, 26.7% Female, 73.3%
Race ratioBlack or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 4.7% Asian, 21.9% White, 67.4% American Indian and Alaska Native, 0.0%Black or African American, 2.9% Unknown, 2.9% Hispanic or Latino, 3.4% Asian, 16.5% White, 74.3% American Indian and Alaska Native, 0.0%
LGBT Percentage18%18%

Differences between actuarial analyst and actuary clerk duties and responsibilities

Actuarial analyst example responsibilities.

  • Lead an experience study on morbidity assumptions to more accurately identify LTC rider risks.
  • Lead actuarial intern on automating internal reports, help intern write SQL queries and VBA macros.
  • Develop SAS programs to automate analysis correcting extant errors resulting from arduous manual processes.
  • Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
  • Analyze GAAP financial statements including fair value assessment, shadow adjustments, embed derivatives and unlocking.
  • Integrate rating factors and other data used for GLM motor pricing model by SAS, SQL.
  • Show more

Actuary clerk example responsibilities.

  • Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.
  • Manipulate select and ultimate mortality table to database formate by using VBA and producingexpect Motality base under best estimate assumption.
  • Administer payroll, conduct accounts reconciliations, and track all A/R and A/P.

Actuarial analyst vs actuary clerk skills

Common actuarial analyst skills
  • Statistical Analysis, 14%
  • SAS, 11%
  • Statistical Data, 11%
  • VBA, 6%
  • Actuarial Models, 5%
  • PowerPoint, 4%
Common actuary clerk skills
  • VBA, 39%
  • Data Entry, 32%
  • Death Claims, 29%

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