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The graph below is a comparison of salary data for 10 jobs in Owatonna, Minnesota, as provided by the free SalaryExpert® Salary Report and Salary Calculator. If you are a professional who requires compensation survey data for your work please consult ERI Economic Research Institute's Salary Assessor.

Actuary (Associate):
Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Forecasts financial outcomes using pricing, analysis,... [+] More

Actuary (Associate):
Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Forecasts financial outcomes using pricing, analysis, and risk assessment. The Associate level performs more complex actuarial studies and has demonstrated greater professional competence by completion of additional examinations. The Associate level performs more complex actuarial studies and has demonstrated greater professional competence by completion of additional examinations. The Associate level generally requires five to seven years of previous experience at the Enrolled actuary level and completion of a series of examinations required for the professional designation of an Associate.

Designs or reviews insurance and pension plans and calculates premiums. Determines mortality, accident, sickness, disability, and retirement rates; constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. Decides premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. (Source: eDOT Job Description) [-] Less

A renter's cost of living for someone making $119,772 in Owatonna, Minnesota is 96.7% of the US National Average. For more information, or to compare cost of living data between two cities, click here.

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Actuary (Fellow), Associate Medical Director, Actuary (Enrolled), Associate Case Manager, Pharmacy Associate, Account Installation Specialist Associate, Associate Engineer, Associate General Counsel, Associate Professor, Credentialing Associate, Health Data Analyst Associate, Marketing Associate, Building Materials Sales Associate, Retail, Research Associate, Cashier Associate

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