ACTUARIAL ANALYST JOB DESCRIPTION
When it comes to insurance companies and insurance policies, there are a lot of people engaged in all sorts of actions, among which we mention the specialists who calculate risk assessment and management. They are called actuarial analysts.
Education and Training Requirements
This line of work in an insurance company implies a lot of responsibility; therefore, a person interested in filling up this position should hold, at least, a bachelor's degree in statistics, mathematics, finance, economics, actuarial science, accounting or a related field. There are, nevertheless, companies that require a master's degree as well and relevant work experience in this field.
There are actuarial analysts that strive to gain professional certification in order to be competitive on the market, and for this reason, they pass a series of examinations and receive this certification from the Society of Actuaries or the Casualty Actuarial Society.
There are companies that require, apart from what we mentioned before as educational requirements, that the candidates also pass other actuarial
Knowledge, Abilities and Skills Requirements
It is a must for an actuarial analyst to have strong knowledge of statistics and mathematics and general knowledge of finance and business. It is also of high importance for an actuarial analyst to know how to use certain statistic analysis programs, databases and spreadsheets, as this sort of programs help him or her a lot in the predictions he or she makes. As the job presupposes interaction with various people, ranging from clients to other professionals, it will be helpful if an actuarial analyst has good verbal and written communication skills. Just as in any other line of work, being up to date with the current trends in legislation and in economics, eases and makes more efficient the job of an actuarial analyst.
Duties and Responsibilities of an Actuarial Analyst
The main responsibility of an actuarial analyst is to create and estimate the costs of a variety of insurance policies, after analysing and applying different statistical models. So, an actuarial analyst has to perform financial forecasting and to analyse trends in this field. An actuarial analyst additionally has to prepare regulatory reporting requirements, develop rate formula valuations, to price insurance companies, to analyse diverse factors that could influence the insurance policies, to calculate the probability that certain events might happen, like earthquakes, hurricanes, pandemics, terrorist attacks, accidents, property damage and so on. After completing their analyses, an actuarial analyst should present his or her findings to the managerial team and to the clients.
This is an interesting job, that requires a lot of patience to analyse all the possibilities and a lot of educational requirements as there are large sums of money involved in the process.
HOW TO APPLY: -
Interested applicants should forward their Names, Phone Nos, E-Mail, Post Applying for to the message box or to the number stated on this advert. Not abiding to these rules and regulations will lead to TOTAL Disqualification. Only shortlisted candidates will be contacted