Actuary Assistant Salary at Compensation Rating & Inspection Bureau BETA

How much does a Compensation Rating & Inspection Bureau Actuary Assistant make?

As of April 2025, the average annual salary for an Actuary Assistant at Compensation Rating & Inspection Bureau is $110,044, which translates to approximately $53 per hour. Salaries for Actuary Assistant at Compensation Rating & Inspection Bureau typically range from $98,729 to $118,611, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Compensation Rating & Inspection Bureau Overview

Website:
njcrib.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Insurance

The New Jersey Compensation Rating and Inspection Bureau (NJCRIB) was created, established and continued pursuant to N.J.S.A. 34:15-89 and -90.1. NJCRIB is charged by Statute to: Establish and maintain rules, regulations and premium rates for workers compensation and employers liability insurance Adopt means for assuring uniform and accurate audit of payrolls as they relate to workers compensation insurance Encourage employers to reduce the number and severity of accidents by adjusting premiums through the use of credits and debits under a uniform system of experience rating The responsibilities of NJCRIB include the following: Administration of all Workers Compensation Rates and Rating Programs Administration of the Classification System Review and maintenance of individual employer insurance coverage records Administration of the Residual Market

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What Skills Does a person Need at Compensation Rating & Inspection Bureau?

At Compensation Rating & Inspection Bureau, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Actuarial: Actuarial performs complex calculations to determine the likelihood of various outcomes related to accidents, illnesses, consumer demand, and investments.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  4. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
  5. Actuarial Science: The discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.

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Check more jobs information at Compensation Rating & Inspection Bureau

Job Title Average Compensation Rating & Inspection Bureau Salary Hourly Rate
2 Quality Assurance Analyst $78,526 $38
3 Senior Underwriter $137,965 $66
4 Underwriter $89,520 $43
5 Insurance Representative $87,547 $42
6 Manager, Finance $125,481 $60
7 Network Administrator $98,005 $47
8 Programmer Analyst $90,128 $43
9 Project Manager $109,684 $53
10 Director, Actuarial Services $239,155 $115
11 Director, Human Resources $172,611 $83
12 Manager $106,157 $51

Hourly Pay at Compensation Rating & Inspection Bureau

The average hourly pay at Compensation Rating & Inspection Bureau for an Actuary Assistant is $53 per hour. The location, department, and job description all have an impact on the typical compensation for Compensation Rating & Inspection Bureau positions. The pay range and total remuneration for the job title are shown in the table below. Compensation Rating & Inspection Bureau may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $110,044 look to you?

FAQ about Salary and Jobs at Compensation Rating & Inspection Bureau

1. How much does Compensation Rating & Inspection Bureau pay per hour?
The average hourly pay is $53. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Compensation Rating & Inspection Bureau?
According to the data, the highest approximate salary is about $118,611 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Compensation Rating & Inspection Bureau?
According to the data, the lowest estimated salary is about $98,729 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.