Actuary clerk vs pricing actuary

The differences between actuary clerks and pricing actuaries can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing actuary has an average salary of $65,091, which is higher than the $58,453 average annual salary of an actuary clerk.

The top three skills for an actuary clerk include VBA, data entry and death claims. The most important skills for a pricing actuary are product development, annuities, and level changes.

Actuary clerk vs pricing actuary overview

	Actuary Clerk	Pricing Actuary
Yearly salary	$58,453	$65,091
Hourly rate	$28.10	$31.29
Growth rate	21%	21%
Number of jobs	67,209	15,444
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 85%
Average age	39	39
Years of experience	-	-

Actuary clerk vs pricing actuary salary

Actuary clerks and pricing actuaries have different pay scales, as shown below.

	Actuary Clerk	Pricing Actuary
Average salary	$58,453	$65,091
Salary range	Between $36,000 And $94,000	Between $31,000 And $132,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	AIG
Best paying industry	-	-

Differences between actuary clerk and pricing actuary education

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

	Actuary Clerk	Pricing Actuary
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 85%
Most common major	Business	Mathematics
Most common college	University of Pennsylvania	University of Pennsylvania

Actuary clerk vs pricing actuary demographics

Here are the differences between actuary clerks' and pricing actuaries' demographics:

	Actuary Clerk	Pricing Actuary
Average age	39	39
Gender ratio	Male, 26.7% Female, 73.3%	Male, 71.4% Female, 28.6%
Race ratio	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%	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 actuary clerk and pricing actuary duties and responsibilities

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.

Pricing actuary example responsibilities.

Project manage large work streams incorporating data and technology to support all business analytics used across the organization.
Support the sales team in conducting profitability analysis, analyzing options and developing customer ROI analyses
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.

Actuary clerk vs pricing actuary skills

Common actuary clerk skills

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

Common pricing actuary skills

Product Development, 69%
Annuities, 23%
Level Changes, 5%
Auto Liability, 2%
Loss Ratio, 1%