Actuary Job Description: Salary, Duties, Skills

Working as an actuary means you'll be completing complex calculations for gauging the likelihood of a specific outcome regarding accidents, consumer demand, illnesses, investments, and other statistics. Actuaries also use computer software for generating graphs, reports, and tables for presenting or reporting their findings. Those statistical data actuaries present is often to insurance executives, investment bankers, marketing managers, pension directors, and underwriters. Their results help support decision-making regarding investment choices, market planning, the prices of insurance, and stock offerings.

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Actuary Job Description Sample

Our company is seeking an Actuary with investment and financial planning expertise to join our growing team of professionals. Candidates will be responsible for conducting regular rate analysis, balancing costs and risks, researching appropriate product pricing, and for financial product development. Successful candidates will apply their skills at our growing company and enjoy benefits, including a comprehensive benefits package and professional growth.

Actuary Salary

According to new data collected by the Bureau of Labor and Statistics in 2018, the average median pay for an actuary is $102,880 annually. That translates to $49.96 per hour. These same statistics indicate that there's a 20% job growth, which is much faster than average. Data also shows that, as of 2018, there were 25,000 actuary jobs available throughout the United States. However, because this field is small, the outlook indicates that job creation will occur at approximately 5,000 new positions over the next ten years.

Actuary Job Description For The Resume (Resume Summary)

An accurate and performance-driven individual with extraordinary actuarial expertise and experience. I'm someone with hands-on experience leading a team of financial assistants, developing new financial procedures, generating reports, forecasting, creating business projections with impeccable analytical skills, and the ability to work well under pressure.

Actuary Skills

Training and college-level education rank high regarding relevant requirements for actuary careers. However, specific "soft skills" will also give you an edge when you're applying and interviewing for this position.

Actuary Duties & Responsibilities

Under most circumstances, actuaries work for companies dealing with a casualty, health, life, and property insurance. Others work for consulting firms, government agencies, or pension companies. Many actuaries move into executive or other management positions where they supervise or direct others. Therefore, job duties and requirements may vary.

Actuary Requirements

Working as an actuary means you need to have a strong aptitude for math and numbers. You'll also need to have at least a bachelor's degree in a field that relates to math. You can maximize your chances of getting a fulfilling entry-level actuary job by performing at least one internship in partnership with an actuary when you're a college student.

Actuary Job Description
author: patrick algrim
About the author

Patrick Algrim is an experienced executive who has spent a number of years in Silicon Valley hiring and coaching some of the world’s most valuable technology teams.

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