Actuary

Actuarial Analyst

What do they do?

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Click here to view the full Actuary Career Pathway.

Some typical job duties include:

  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.

Most Important Occupational Skills:

Basic Skills

  • Mathematics
  • Critical Thinking
  • Reading Comprehension

Technical Skills

  • Operations Analysis
  • Programming

Social Skills

  • Social Perceptiveness
  • Coordination
  • Persuasion 

 Systems Skills

  •  Judgment and Decision Making
  •  Systems Analysis
  •  Systems Evaluation

Problem Solving Skills

  • Complex Problem Solving 

Resource Management Skills

  • Management of Financial Resources
  • Time Management
  • Management of Personnel Resources

Just the Facts

  • Salary range: $30,000-$100,000
  • Education and Professional Requirements: Bachelor's degree, multiple years of work experience, successful completion of actuarial exams, professional certification
  • Possible career path: Entry-Level Actuary > Associate-Level Actuary > Fellowship-Level Actuary

Click here to view the full Actuary Career Pathway.


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