Actuarial technician vs actuary clerk

The differences between actuarial technicians and actuary clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuarial technician has an average salary of $79,409, which is higher than the $58,453 average annual salary of an actuary clerk.

The top three skills for an actuarial technician include projection, financial analysis and product development. The most important skills for an actuary clerk are VBA, data entry, and death claims.

Actuarial technician vs actuary clerk overview

	Actuarial Technician	Actuary Clerk
Yearly salary	$79,409	$58,453
Hourly rate	$38.18	$28.10
Growth rate	21%	21%
Number of jobs	7,597	67,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 59%
Average age	39	39
Years of experience	-	-

Actuarial technician vs actuary clerk salary

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

	Actuarial Technician	Actuary Clerk
Average salary	$79,409	$58,453
Salary range	Between $44,000 And $141,000	Between $36,000 And $94,000
Highest paying City	Hartford, CT	-
Highest paying state	New York	-
Best paying company	Transamerica Corporation	-
Best paying industry	Professional	-

Differences between actuarial technician and actuary clerk education

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

	Actuarial Technician	Actuary Clerk
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 59%
Most common major	Mathematics	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Actuarial technician vs actuary clerk demographics

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

	Actuarial Technician	Actuary Clerk
Average age	39	39
Gender ratio	Male, 40.2% Female, 59.8%	Male, 26.7% Female, 73.3%
Race ratio	Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 5.1% Asian, 15.8% White, 73.1% 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 Percentage	18%	18%

Differences between actuarial technician and actuary clerk duties and responsibilities

Actuarial technician example responsibilities.

Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
Design the migration of SAS datasets and other data to new UNIX box.
Develop and maintain statistical models to modify policy rates and coverages using SAS.
Compile, analyze and verify census data and information need in the calculation of reinsurance premiums.
Assist in the creation and preside over presentations, utilizing and maintaining the required projection equipment for meetings.
Take ownership of quarterly Medicaid cost benefit ratio dashboard by compiling several state's claim cost/utilization data and premium information.

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 technician vs actuary clerk skills

Common actuarial technician skills

Projection, 20%
Financial Analysis, 16%
Product Development, 14%
Data Analysis, 9%
VBA, 8%
SQL, 7%

Common actuary clerk skills

VBA, 39%
Data Entry, 32%
Death Claims, 29%

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Updated January 8, 2025

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