Actuary Job Description

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Actuary

Actuary duties and responsibilities

  • Conducting risk assessments
  • Building predictive models to accurately analyze potential outcomes
  • Recommending investments with the lowest risk and the highest profits possible

Actuary Job Description Template

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Job Brief

We are looking for an Actuary to conduct complex risk analyses and predict the outcome of potential investments.

Responsibilities

  • Conduct risk assessments
  • Build predictive models to accurately analyze potential outcomes
  • Recommend investments with the lowest risk and the highest profits possible
  • Calculate total assets and liabilities
  • Determine financial status after an investment
  • Compare actual ROIs with forecasts
  • Monitor market trends and identify opportunities for new investments and funds
  • Develop guides and policies on how to avoid high-risk investments and the losses associated with them
  • Keep records of payments, fundings and underwriting policies

Requirements

  • Work experience as an Actuary, Investment Analyst or similar position
  • In-depth understanding of how to use actuarial formulas and tables
  • Hands-on experience with statistical packages like SPSS
  • Good knowledge of insurance legislation
  • Excellent numerical and analytical skills
  • Attention to detail
  • BSc in Statistics, Mathematics or Finance
  • Additional certification in Risk Management or being successful in actuary exams is a plus
Last Updated 02 Aug, 2022

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