Actuary I

$60,092 - $75,830

Average Per Year

Job Summary: Predicts future risks and helps business create policy to minimize cost.

Job Duties: Determines future risk, makes price decisions, and formulates investment strategies. Designs insurance, financial, pension plans and ensures that those plans maintained on a sound financial basis. Assembles and analyzes data to estimate probabilities of an event taking place. Uses estimations to develop, test, and administer policies. Explains results and makes recommendations to the executives.

Experience and Education: Performs work under direct supervision. Handles basic issues and problems, and refers more complex issues to higher-level staff. Possesses beginning to working knowledge of subject matter. Typically requires a Bachelor's degree, and 0 to 2 years of experience. Reports to: Reports to a department head or manager. Competencies: Statistical knowledge. Ability to identify and seek needed information. Analytical skills. Detail oriented. Computer skills.