Actuary (Associate) Salary in Altoona, Pennsylvania

To get your salary data, use the search bar below or browse by job, city, or state.
loading...

Job title is required

loading...

Job location is required.

Average Salary for Actuary (Associate) in Altoona, Pennsylvania

The average salary of a(n) Actuary (Associate) in Altoona, Pennsylvania is $102,131.

The average hourly rate of a(n) Actuary (Associate) in Altoona, Pennsylvania is $49.10.

The average bonus of a(n) Actuary (Associate) in Altoona, Pennsylvania is $3,983.00.

Job Description:

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. Less

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

How helpful is this page?

Are you a(n) Actuary (Associate)?

Get a more personalized salary report now. Get Report

Average Salaries for Similar Jobs in Altoona, Pennsylvania

Job Openings by Indeed job search

Results for Actuary (Associate) in Altoona, Pennsylvania

Discover How Much You
Should Be Paid

Work in Compensation or HR?    x