The Actuary is responsible for analyzing financial risks using mathematical and statistical methods to help organizations make informed decisions. This role involves evaluating data, developing financial models, and providing insights related to insurance, pensions, investments, and other risk management areas.
Responsibilities
Analyze and interpret complex data using statistical and mathematical techniques to assess financial risks.
Develop and implement actuarial models and methodologies for pricing, forecasting, and risk assessment.
Evaluate and manage risks related to insurance policies, pensions, investments, and financial products.
Prepare detailed reports and presentations that communicate actuarial findings and recommendations to stakeholders.
Collaborate with other departments, including finance, underwriting, and investment teams, to support decision-making and strategic planning.
Monitor and assess industry trends, regulatory changes, and economic conditions that may impact actuarial models and assumptions.
Assist in the development of pricing strategies, reserve calculations, and financial projections.
Ensure compliance with actuarial standards, industry regulations, and company policies.
Conduct experience studies and analysis to support the development of actuarial assumptions and methods.
Provide expertise and guidance on actuarial issues and contribute to strategic initiatives.
Qualifications
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field; advanced degree or actuarial certifications (e.g., ASA, FSA) preferred.
Proven experience as an actuary or in a similar actuarial role.
Strong analytical and quantitative skills, with proficiency in actuarial software and statistical tools.
Excellent problem-solving abilities and attention to detail.
Effective communication and presentation skills, with the ability to convey complex actuarial concepts clearly.
Knowledge of actuarial standards, industry regulations, and financial principles.
Ability to work independently and manage multiple projects and priorities effectively.
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Financial Services and Venture Capital and Private Equity Principals
Referrals increase your chances of interviewing at Augment Jobs by 2x