Actuaries


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 insurance rates required and cash reserves necessary to ensure payment of future benefits.
Also called: Actuarial Analyst, Actuary, Pricing Actuary, Product Development Actuary

Knowledge:

    Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
    Business
  • accounting and economics
  • management
    Arts and Humanities
  • English language
    Engineering and Technology
  • computers and electronics

Skills:

    Basic Skills
  • thinking about the pros and cons of different ways to solve a problem
  • using math to solve problems
    People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • measuring how well a system is working and how to improve it
    Problem Solving
  • noticing a problem and figuring out the best way to solve it

Abilites:

    Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
    Verbal
  • listen and understand what people say
  • read and understand what is written
    Ideas and Logic
  • use rules to solve problems
  • make general rules or come up with answers from lots of detailed information
    Visual Understanding
  • see hidden patterns

Personality:

Description: People interested in this work like activities that include data, detail, and regular routines.
    They do well at jobs that need
  • Analytical Thinking
  • Attention to Detail
  • Integrity
  • Achievement/Effort
  • Dependability
  • Persistence

Technology:

    Financial analysis software
  • GGY AXIS
  • Oak Mountain Software AnnuityValue
    Data base user interface and query software
  • Data entry software
  • Microsoft Access
    Analytical or scientific software
  • IBM SPSS Statistics
  • SAS

Education:

    bachelor's degree
    certificate after college
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