| Actuary I Job Description |
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| The following is a full job description for Actuary I. Here are the requirements and responsibilities for Actuary I along with statistics. If after reading this page you determine that Actuary I is not the position you are looking for, you may want to try one of these similar titles: Actuary III, Actuary IV, Actuary V, Actuary II, Technical Customer Support Specialist I, Social Media Strategist I, Plumber I, Cyber Incident Response Specialist I, Compliance Specialist I |
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| Requirements and Responsibilities For Actuary I |
| Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. |
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| Also referred to as: Actuarial Analyst I, Actuary Consultant I, Entry Level Actuary, Insurance Actuary I |
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| Similar Jobs: Actuary III, Actuary IV, Actuary V, Actuary II, Technical Customer Support Specialist I, Social Media Strategist I, Plumber I, Cyber Incident Response Specialist I, Compliance Specialist I |
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| Level of Education: Actuary I Salaries with an Associate's Degree, Actuary I Salaries with a Bachelor's Degree, Actuary I Salaries with a Master's Degree or MBA, Actuary I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Aerospace & Defense, Biotechnology, Business Services, Chemicals, Construction, Edu., Gov't. & Nonprofit, Energy & Utilities, Financial Services, Healthcare, Hospitality & Leisure, Insurance, Internet, Media, MFG Durable, MFG Nondurable, Pharmaceuticals, Retail & Wholesale, Software & Networking, Telecom, Transportation | |
