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Actuarial analyst vs client services analyst

The differences between actuarial analysts and client services analysts 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 $63,202 average annual salary of a client services analyst.

The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for a client services analyst are customer service, client service, and powerpoint.

Actuarial analyst vs client services analyst overview

Actuarial AnalystClient Services Analyst
Yearly salary$75,593$63,202
Hourly rate$36.34$30.39
Growth rate21%10%
Number of jobs41,51197,374
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 71%
Average age3942
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 a client services analyst do?

A client service analyst examines a customer service department's operation and gives directions on ways to enhance productivity and customer satisfaction levels. Customer service analysts can create strategies and techniques to improve the service department's effectiveness by using data, which includes customer satisfaction reports, complaint logs, and surveys. They are part of the customer service department, which can directly with customers helping to resolve issues and customer dissatisfaction. Their duties include gathering data and perform research, developing strategies, training employees in new processes and strategies.

Actuarial analyst vs client services analyst salary

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

Actuarial AnalystClient Services Analyst
Average salary$75,593$63,202
Salary rangeBetween $55,000 And $103,000Between $41,000 And $96,000
Highest paying CitySeattle, WAWestport, CT
Highest paying stateWashingtonConnecticut
Best paying companyNationwide FinancialMorgan Lewis
Best paying industryFinanceFinance

Differences between actuarial analyst and client services analyst education

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

Actuarial AnalystClient Services Analyst
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 71%
Most common majorMathematicsBusiness
Most common collegeUniversity of Notre DameUniversity of Pennsylvania

Actuarial analyst vs client services analyst demographics

Here are the differences between actuarial analysts' and client services analysts' demographics:

Actuarial AnalystClient Services Analyst
Average age3942
Gender ratioMale, 61.1% Female, 38.9%Male, 50.5% Female, 49.5%
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, 11.3% Unknown, 5.3% Hispanic or Latino, 15.7% Asian, 12.3% White, 55.0% American Indian and Alaska Native, 0.4%
LGBT Percentage18%11%

Differences between actuarial analyst and client services analyst 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

Client services analyst example responsibilities.

  • Manage the provisioning of desktop support for 1500 staff.
  • Institute proper usage of SCCM to image, manage, maintain and report on computers across the domain.
  • Manage file inventory and troubleshoot legal problems, coding issues, and internal processes to move accounts smoothly through system.
  • Lead corporate ITIL service level management initiative and implement key performance indicators (KPIs) to effectively measure operational performance.
  • Experience with SCCM (Shavlik for third party software), Symantec CMS (Altiris), and WSUS.
  • Provide remote support for users outside the office through VPN and bomgard tool.
  • Show more

Actuarial analyst vs client services analyst skills

Common actuarial analyst skills
  • Statistical Analysis, 14%
  • SAS, 11%
  • Statistical Data, 11%
  • VBA, 6%
  • Actuarial Models, 5%
  • PowerPoint, 4%
Common client services analyst skills
  • Customer Service, 13%
  • Client Service, 10%
  • PowerPoint, 6%
  • Project Management, 4%
  • SQL, 4%
  • Client Facing, 3%

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