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Actuary job description

This Actuary job description template can be used to advertise open positions in your company. Customize the requirements and responsibilities to meet the role’s specific needs.
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Job brief

We are seeking a driven, detail-focused, and personable Actuary to join our team. The ideal candidate will have previous experience in an actuary or analytical role, along with excellent communication skills and a keen eye for detail. The focus of the role is to use mathematics, statistics, and analytical procedures to manage, estimate, and mitigate financial risk for the business.

Responsibilities

  • Gather and analyze statistical data and other information as required.
  • Use data to estimate the probability and economic cost of an event such as death, sickness, accident, or natural disasters.
  • Design, test, and implement insurance policies, investments, and other business strategies to minimize potential risk and maximize profitability
  • Identify and calculate cash reserves needed, based on existing policies and liabilities, in case of a pay-out requirement or claims settlement.
  • Create and produce charts, tables, and reports that explain and justify calculations and proposals
  • Explain findings and proposals to company executives, government officials, shareholders, and clients
  • Present data and analytics in an easy-to-understand format.

Requirements

  • Bachelor’s Degree or above in Finance, Business Finance, Accounting, or related field or vocational qualification and relevant experience
  • Minimum of 2 years’ experience within an investment, risk analysis, or related role
  • Excellent attention to detail
  • Demonstrated ability to report and present findings
  • Adept with using software to analyze and gather data
  • Excellent telephone manner
  • Good communication skills, both written and verbal
  • Good computer skills, including Excel and Outlook
  • Highly organized
  • Great Math skills
  • Good customer service skills

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