| Actuary II Job Description |
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| The following is a full job description for Actuary II. Here are the requirements and responsibilities for Actuary II along with statistics. If after reading this page you determine that Actuary II is not the position you are looking for, you may want to try one of these similar titles: Actuary III, Actuary IV, Actuary V, Actuary I, Attorney II, Photographer II, Underwriter II, Paralegal II, Copywriter II |
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| Requirements and Responsibilities For Actuary II |
| Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. |
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| Also referred to as: Actuarial Analyst II, Actuary Consultant II, Insurance Actuary II |
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| Similar Jobs: Actuary III, Actuary IV, Actuary V, Actuary I, Attorney II, Photographer II, Underwriter II, Paralegal II, Copywriter II |
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| Level of Education: Actuary II Salaries with an Associate's Degree, Actuary II Salaries with a Bachelor's Degree, Actuary II Salaries with a Master's Degree or MBA, Actuary II Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Aerospace & Defense, Biotechnology, Business Services, Chemicals, Construction, Edu., Gov't. & Nonprofit, Energy & Utilities, Financial Services, Healthcare, Hospitality & Leisure, Insurance, Internet, Media, MFG Durable, MFG Nondurable, Pharmaceuticals, Retail & Wholesale, Software & Networking, Telecom, Transportation | |
