What does an Actuarial Analyst II do?

Actuarial analysts use statistical models to analyze data and assess risk. They are employed in many industries, particularly in insurance, to utilize their knowledge and skills to design and price insurance policies. Actuarial analysts use advanced statistics and modeling to understand data and assist actuaries. They produce reports on findings and identify liabilities and risks. They also identify trends and methods for designing and pricing insurance policies while verifying data sources and identifying new sources of data.

Actuarial analysts develop financial projections, cost-benefit analysis, and insurance plans using statistics, modeling, and risk management strategies. Many actuarial analysts present their data and analysis directly to decision-makers within organizations, including executive leadership and management personnel, to answer questions about particular forecasts or models. Actuarial analysts need a minimum bachelor's degree in mathematics, statistics, or actuarial science.

EducationBachelor's Degree
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience0-1 year

Actuarial Analyst II Salaries

Average Base Pay

$88,542 /yr
Same as national average
Not including cash compensation
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$75K
Median: $89K
$105K
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Glassdoor Estimated Salary

Actuarial Analyst II Career Path

Learn how to become an Actuarial Analyst II, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L3
Actuarial Analyst I
$71,717/yr
L4
See Career Path

Actuarial Analyst II Insights

Read what Actuarial Analyst II professionals have to say about their job experiences and view top companies for this career.
Marrone Bio InnovationsMarrone Bio Innovations
Senior FIN Analyst
Nov 30, 2021

“Exposure to important projects and to work with upper management at any point in your career”

MercerMercer
Actuarial Associate
Jan 27, 2021

“The people are intelligent and amazing to work with.”

Liberty Mutual InsuranceLiberty Mutual Insurance
Actuarial Analyst
Dec 25, 2021

“Job is stable and secure.”

Farm Mutual Reinsurance PlanFarm Mutual Reinsurance Plan
Actuarial Analyst Intern
Jan 9, 2021

“People are nice and friendly.”

Gen ReGen Re
Actuarial Analyst
Jul 13, 2021

“Nice place to work and fast paced”

Independence Blue CrossIndependence Blue Cross
Actuarial Analyst
Apr 19, 2021

“Excellent work and life balance”

Panin Dai-ichi LifePanin Dai-ichi Life
Actuarial Analyst
Sep 1, 2021

“slow career growth and progress”

NBC (South Africa)
Junior Actuarial Assistant
Aug 24, 2021

“There wasn't really formally training for the role but it's mainly because of the nature of the job.”

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Actuarial Analyst II Interviews

Related Careers

Actuary
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Research Assistant
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Data Analyst
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Actuarial Analyst II Jobs

Frequently asked questions about the roles and responsibilities of an actuarial analyst ii

When working as an actuarial analyst ii, the most common skills you will need to perform your job and for career success are SQL SAS, Statistics, MS EXCEL, Business Units, and Microsoft EXCEL.

The most similar professions to actuarial analyst ii are:
  • Actuary
  • Research Assistant
  • Researcher
  • Data Analyst

The most common qualifications to become an actuarial analyst ii include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.