Post job

Actuarial analyst vs assistant

The differences between actuarial analysts and assistants 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 $37,363 average annual salary of an assistant.

The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for an assistant are patients, customer service, and patient care.

Actuarial analyst vs assistant overview

Actuarial AnalystAssistant
Yearly salary$75,593$37,363
Hourly rate$36.34$17.96
Growth rate21%-8%
Number of jobs41,511557,900
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 49%
Average age3950
Years of experience-2

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.

What does an assistant do?

An assistant intern is responsible for facilitating administrative and clerical tasks as assigned by the management. Assistant interns' duties include keeping records of meetings, receiving calls and handling customer inquiries, assisting on writing reports and data entry processing, cooperating and providing support for business events, and adhering to company policies and regulatory procedures. Successful assistant interns must have excellent time-management, multi-tasking, and communication skills. They must be a team player and fast-learner to handle various tasks in the corporate industry.

Actuarial analyst vs assistant salary

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

Actuarial AnalystAssistant
Average salary$75,593$37,363
Salary rangeBetween $55,000 And $103,000Between $16,000 And $82,000
Highest paying CitySeattle, WABoston, MA
Highest paying stateWashingtonMassachusetts
Best paying companyNationwide FinancialLatham & Watkins
Best paying industryFinanceEducation

Differences between actuarial analyst and assistant education

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

Actuarial AnalystAssistant
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 49%
Most common majorMathematicsBusiness
Most common collegeUniversity of Notre DameWestern Carolina University

Actuarial analyst vs assistant demographics

Here are the differences between actuarial analysts' and assistants' demographics:

Actuarial AnalystAssistant
Average age3950
Gender ratioMale, 61.1% Female, 38.9%Male, 40.7% Female, 59.3%
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, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.7% American Indian and Alaska Native, 0.7%
LGBT Percentage18%6%

Differences between actuarial analyst and assistant 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

Assistant example responsibilities.

  • Manage circulations, including educational textbooks and DVDS, video technology and supplies.
  • Manage branches providing information technology support, logistics, training and operational support.
  • Manage company's twitter account and communicate with multiple physical therapy providers around the country
  • Optimize productivity in prioritizing and managing special projects, PowerPoint presentations for classes, and proctore exams for undergraduate classes.
  • Assist in jewelry design and assembly, manage company Facebook page, participate in wholesale buying, and manage retail inventory
  • Manage and update company Facebook page with daily updates, finding/sharing relevant and interesting information, and encouraging fan engagement.
  • Show more

Actuarial analyst vs assistant skills

Common actuarial analyst skills
  • Statistical Analysis, 14%
  • SAS, 11%
  • Statistical Data, 11%
  • VBA, 6%
  • Actuarial Models, 5%
  • PowerPoint, 4%
Common assistant skills
  • Patients, 27%
  • Customer Service, 13%
  • Patient Care, 8%
  • CPR, 5%
  • Sales Floor, 5%
  • Scheduling Appointments, 3%

Browse computer and mathematical jobs