Actuary vs actuary clerk

The differences between actuaries and actuary clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuary has an average salary of $88,255, which is higher than the $58,453 average annual salary of an actuary clerk.

The top three skills for an actuary include risk management, VBA and GAAP. The most important skills for an actuary clerk are VBA, data entry, and death claims.

Actuary vs actuary clerk overview

	Actuary	Actuary Clerk
Yearly salary	$88,255	$58,453
Hourly rate	$42.43	$28.10
Growth rate	21%	21%
Number of jobs	13,566	67,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 59%
Average age	39	39
Years of experience	-	-

Actuary vs actuary clerk salary

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

	Actuary	Actuary Clerk
Average salary	$88,255	$58,453
Salary range	Between $52,000 And $147,000	Between $36,000 And $94,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	PayPal	-
Best paying industry	Professional	-

Differences between actuary and actuary clerk education

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

	Actuary	Actuary Clerk
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 59%
Most common major	Mathematics	Business
Most common college	University of Notre Dame	University of Pennsylvania

Actuary vs actuary clerk demographics

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

	Actuary	Actuary Clerk
Average age	39	39
Gender ratio	Male, 74.3% Female, 25.7%	Male, 26.7% Female, 73.3%
Race ratio	Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 5.1% Asian, 17.3% White, 71.4% 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 and actuary clerk duties and responsibilities

Actuary example responsibilities.

Support the development and implementation of manually-rate renewal strategies, lead by a season FSA.
Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.
Complete several health and group annuities projects.
Administer payroll, conduct accounts reconciliations, and track all A/R and A/P.
Update duration calculation formula to deliver more reasonable behavior of A/E ratio in Alteryx.
Extract and analyze data by state using SAS in order to analyze and project Medicaid costs.

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.

Actuary vs actuary clerk skills

Common actuary skills

Risk Management, 13%
VBA, 9%
GAAP, 5%
SAS, 5%
Health Insurance, 5%
Financial Reports, 5%

Common actuary clerk skills

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

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Updated January 8, 2025

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