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.

View the Full Actuary Career Pathway
  • 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.

Basic Skills
Critical Thinking
Mathematics
Reading Comprehension

Technical Skills
Operations Analysis
Programming

Social Skills
Social Perceptiveness
Coordination
Persuasion

Systems Skills
Judgment and Decision Making
Systems Analysis
System Evaluation

Problem Solving Skills
Complex Problem Solving

Resource Management Skills
Time Management
Management of Personnel Resources
Management of Financial Resources

  • 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

Latest News

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