Job Brief
The Actuarial Associate plays a critical role in the analysis and interpretation of statistical data to evaluate risk and liability related to insurance and pension plans. This position requires proficiency in constructing probability tables and forecasting future benefit payments. Ideal candidates will possess strong analytical skills, a foundational understanding of actuarial science, and the ability to communicate complex concepts clearly. A commitment to continuous learning and professional development in the actuarial field is essential.
Responsibilities
- Analyze statistical data including mortality, accident, sickness, disability, and retirement rates to inform risk assessment.
- Construct probability tables to effectively forecast risk and liability for future benefit payments.
- Calculate necessary insurance rates and cash reserves to ensure the sustainability of future benefit obligations.
- Collaborate with cross-functional teams to develop and implement actuarial models and methodologies.
- Prepare detailed reports and presentations of findings for stakeholders and management.
- Utilize statistical software and actuarial tools to enhance data analysis and reporting capabilities.
- Stay updated on industry trends, regulations, and best practices in actuarial science.
- Support the actuarial team in various projects, including pricing and reserving initiatives.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Completed or in progress of passing actuarial exams through a recognized professional body (e.g., SOA, CAS).
- Proficiency in statistical analysis software (e.g., R, SAS, Python) and Excel.
- Strong analytical and problem-solving skills, with a keen attention to detail.
- Excellent communication skills, both verbal and written, to convey complex information effectively.
- Ability to work collaboratively in a team-oriented environment while managing multiple priorities.
- Experience with actuarial modeling and forecasting techniques is a plus.
Similar Job Titles
- Actuarial Analyst
- Junior Actuary
- Actuarial Technician
- Risk Analyst
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