Actuarial analyst vs operations analyst

The differences between actuarial analysts and operations 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 $63,082 average annual salary of an operations analyst.

The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for an operations analyst are customer service, SQL, and data analysis.

Actuarial analyst vs operations analyst overview

	Actuarial Analyst	Operations Analyst
Yearly salary	$75,593	$63,082
Hourly rate	$36.34	$30.33
Growth rate	21%	23%
Number of jobs	41,511	141,707
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Average age	39	45
Years of experience	-	-

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 operations analyst do?

Operations analysts serve an essential role within the operations team that supports data management, trade processes, client reporting, and problem resolution. They have to ensure data systems integrity by working closely with the operations team and the client support services manager. Their work focuses on several areas, including maintaining trading systems and portfolio accounting, creating and verifying client performance files, and performing electronic operations reconciliation. To be qualified for this position, one should possess several qualities, including proficient computer skills, excellent communication skills, and attention to detail.

Actuarial analyst vs operations analyst salary

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

	Actuarial Analyst	Operations Analyst
Average salary	$75,593	$63,082
Salary range	Between $55,000 And $103,000	Between $44,000 And $90,000
Highest paying City	Seattle, WA	Jersey City, NJ
Highest paying state	Washington	New Jersey
Best paying company	Nationwide Financial	Intuitive Surgical
Best paying industry	Finance	Finance

Differences between actuarial analyst and operations analyst education

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

	Actuarial Analyst	Operations Analyst
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Most common major	Mathematics	Business
Most common college	University of Notre Dame	University of Southern California

Actuarial analyst vs operations analyst demographics

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

	Actuarial Analyst	Operations Analyst
Average age	39	45
Gender ratio	Male, 61.1% Female, 38.9%	Male, 58.8% Female, 41.2%
Race ratio	Black 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, 12.6% Unknown, 6.0% Hispanic or Latino, 13.8% Asian, 11.2% White, 55.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	18%	9%

Differences between actuarial analyst and operations 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.

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Operations analyst example responsibilities.

Manage EDI error processing and exception reporting and interface with the state exchanges to facilitate resolution.
Excel in liaising between business and technical areas to achieve on-time, on-budget and on-spec project completions.
Develop VBA macros to automate various data intensive processes
Manage IP distribution services domestically and globally to enterprise and broadband customers.
Manage small-scale projects from inception to implementation following BCUS SDLC project methodology.
Manage the month-end financial statement reporting process, including journal entry preparation, and account reconciliations.

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Actuarial analyst vs operations analyst skills

Common actuarial analyst skills

Statistical Analysis, 14%
SAS, 11%
Statistical Data, 11%
VBA, 6%
Actuarial Models, 5%
PowerPoint, 4%

Common operations analyst skills

Customer Service, 10%
SQL, 6%
Data Analysis, 6%
Project Management, 5%
Process Improvement, 5%
Strong Analytical, 4%

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Updated January 8, 2025

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