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Actuarial analyst vs document analyst

The differences between actuarial analysts and document 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 $40,678 average annual salary of a document analyst.

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

Actuarial analyst vs document analyst overview

Actuarial AnalystDocument Analyst
Yearly salary$75,593$40,678
Hourly rate$36.34$19.56
Growth rate21%9%
Number of jobs41,51151,467
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 58%
Average age3943
Years of experience-6

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 document analyst do?

A document analyst is responsible for sorting and storing company documents safely and securely. Document analysts work closely with the marketing and public relations team to manage promotional materials and advertisements for editing and proofreading before publishing on various market platforms. They also review company requirements and regulations and ensure that all documents adhere to the guidelines and conditions for public use. A document analyst must have excellent organizational and communication skills, especially on data management processes, such as updating documents, creating backups, and disposing of files accordingly.

Actuarial analyst vs document analyst salary

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

Actuarial AnalystDocument Analyst
Average salary$75,593$40,678
Salary rangeBetween $55,000 And $103,000Between $26,000 And $61,000
Highest paying CitySeattle, WALos Angeles, CA
Highest paying stateWashingtonCalifornia
Best paying companyNationwide FinancialJPMorgan Chase & Co.
Best paying industryFinanceFinance

Differences between actuarial analyst and document analyst education

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

Actuarial AnalystDocument Analyst
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 58%
Most common majorMathematicsBusiness
Most common collegeUniversity of Notre DameStanford University

Actuarial analyst vs document analyst demographics

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

Actuarial AnalystDocument Analyst
Average age3943
Gender ratioMale, 61.1% Female, 38.9%Male, 36.1% Female, 63.9%
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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.5% White, 58.5% American Indian and Alaska Native, 0.2%
LGBT Percentage18%8%

Differences between actuarial analyst and document 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

Document analyst example responsibilities.

  • Manage the entire UCC process to include filings, amendments, terminations and continuations.
  • Assist in the development and implementation of new documentation processes, coordinate workflow and manage credit derivatives documentation backlog.
  • Design, develop, and implement procedures require by ISO 9000 and FDA (GMP) standards.
  • Organize and maintain a change control system for a medical device company in an ISO and FDA regulate environment.
  • Handle all work process within HIPAA guidelines.
  • Perform QC on scan images prior to document export.
  • Show more

Actuarial analyst vs document analyst skills

Common actuarial analyst skills
  • Statistical Analysis, 14%
  • SAS, 11%
  • Statistical Data, 11%
  • VBA, 6%
  • Actuarial Models, 5%
  • PowerPoint, 4%
Common document analyst skills
  • Customer Service, 31%
  • Data Entry, 13%
  • PowerPoint, 8%
  • QA, 4%
  • Windows, 4%
  • Data Analysis, 4%

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