Assistant Actuarial Analyst Salary in Chicago, Illinois

The Assistant Actuarial Analyst collects, organizes, cleans, and maintains data related to insurance claims, policyholders, and other pertinent information. Assists with statistical analysis to assess and manage risk and estimate financial outcomes. Being an Assistant Actuarial Analyst prepares reports documenting actuarial analyses, findings, and recommendations and manages various clerical support tasks. Compiles, prepares, and analyzes data for actuarial studies or research. In addition, Assistant Actuarial Analyst records and tracks accruals, claims, and settlements and assists with the preparation of documents for input into regulatory filings and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Typically reports to a manager. Being an Assistant Actuarial Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. Working as an Assistant Actuarial Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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