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Entry Level Actuarial Analyst Jobs in Inkster, MI

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Entry Level Actuarial Analyst information

See Inkster, MI salary details

$20.6K

$87.5K

$144.1K

How much do entry level actuarial analyst jobs pay per year?

As of Aug 26, 2026, the average yearly pay for entry level actuarial analyst in Inkster, MI is $87,531.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,900.00 and $102,500.00 per year, depending on experience, location, and employer.

What does an entry level actuarial analyst do?

As an entry-level actuarial analyst, your job is to help assess risk by using data to calculate probabilities. Actuarial analysts are particularly common in the insurance industry and often use this position to gain experience before applying for a position as a full actuary. In this role, you may study for the actuary exam, help with any calculation the company needs, and compile a report for managers or executives. Actuarial analysts often specialize in specific parts of any given industry. For example, reserve analysts help ensure that insurance companies have enough assets to remain financially stable even when taking into account insurance claims possibly payable in the future.

What are the key skills and qualifications needed to thrive as an entry level actuarial analyst?

To thrive as an Entry Level Actuarial Analyst, you need strong analytical and mathematical skills, proficiency in statistical concepts, and typically a bachelor's degree in mathematics, statistics, or a related field. Familiarity with actuarial software such as Excel, SAS, or SQL, and progress toward Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) exams are highly valued. Attention to detail, problem-solving abilities, and effective communication are important soft skills that set candidates apart. These skills ensure accurate risk assessment, effective data analysis, and clear reporting, all of which are critical for supporting business decisions in insurance and finance.

What are some typical challenges faced by entry level actuarial analysts when transitioning from academic studies to a professional environment?

Entry level actuarial analysts often find the transition from academic coursework to the workplace challenging due to the need to apply theoretical knowledge to real-world business problems. Adapting to industry-specific software, managing multiple projects simultaneously, and communicating technical findings to non-technical colleagues are common hurdles. Additionally, balancing work responsibilities with continued exam preparation requires effective time management. Supportive team environments and mentorship programs can help ease this transition and promote professional growth.

What is the difference between Entry Level Actuarial Analyst vs Actuarial Assistant?

AspectEntry Level Actuarial AnalystActuarial Assistant
CredentialsTypically pursuing actuarial exams, some may have a degree in mathematics or statisticsOften similar, may have fewer exams completed
Work EnvironmentInsurance, pension, or consulting firms; analyzing data, preparing reportsSupport role, assisting senior actuaries with data collection and basic analysis
Employer & IndustryInsurance companies, consulting firms, government agenciesInsurance companies, actuarial consulting firms

The Entry Level Actuarial Analyst and Actuarial Assistant roles share similar educational backgrounds and work environments. The main difference lies in responsibilities, with analysts taking on more complex analysis and reporting tasks, while assistants support data collection and administrative duties. Both roles serve as stepping stones toward becoming a fully credentialed actuary.

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Entry Level Actuarial Analyst jobs near you
Infographic showing various Entry Level Actuarial Analyst job openings in Inkster, MI as of August 2026, with employment types broken down into 50% Internship, and 50% Full Time. Highlights an 100% In-person job distribution, with an average salary of $87,531 per year, or $42.1 per hour.

Actuarial Analyst Intern

Southfield, MI

Gabriel, Roeder, Smith & Company
Business Management Consulting • 51 - 200 employees
Learn more about Gabriel, Roeder, Smith & Companyexternal

Internship

Re-posted 19 days ago

Job description

GRS is searching for actuarial Analyst Interns to work in its’ Southfield, Michigan office. These positions will assist our pension consulting team in providing employee benefit services to our public sector clients. The expected start date will be mutually agreed upon based on the availability of the selected individual and GRS.
The Primary Responsibilities of our entry level actuarial positions at GRS are as follows:
  • Prepare client information and data for analysis
  • Prepare and complete actuarial valuations with direction from consultants
  • Calculate benefits for retiring and terminating members
  • Prepare and complete special studies and analyses for clients
  • Prepare and handle routine correspondence and phone contact with clients
  • Provide other non-recurring assistance as directed by Team Leader or consultants
We ask that candidates have the following knowledge, skills and abilities:
  • Progress toward or achievement of a BA/BS in Mathematics, Statistics, Economics, Business Administration or related field,
  • Successful completion of one or more actuarial exams,
  • Strong communication skills,
  • Strong analytical skills,
  • Attention to detail,
  • Advanced knowledge/proficiency in Microsoft Office applications including Excel, Word, PowerPoint and Access,
  • Ability to work both individually and as part of a team.
GRS is an E-Verify amp; Equal Opportunity Employer

Apply