Actuaries

Code: 15-2011.00
Bright Outlook Zone 4
Annual Median Salary
£130,000
Range: £78,570 - £215,100
Preparation & Education
Job Zone Four: High Preparation Needed
Job Zone 4
Industry Demand
Bright
New job opportunities are very likely in the future.

Occupational Profile & What They Do

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Alternative Tech Titles

Actuarial Analyst Actuarial Associate Actuarial Consultant Actuary Consulting Actuary Health Actuary Life Actuary Pricing Actuary Product Development Actuary Reserving Actuary

Daily Duties & Technical Responsibilities

  • Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.

Core Technology, Languages & Tools

Data base user interface and query software
Microsoft SQL Server Oracle Database
Presentation software
Microsoft PowerPoint
Financial analysis software
Oak Mountain Software AnnuityValue Pricing software

Skills, Knowledge & Engineering Competencies

Basic Skills
using math to solve problems reading work related information
Problem Solving
noticing a problem and figuring out the best way to solve it
People and Technology Systems
thinking about the pros and cons of different options and picking the best one measuring how well a system is working and how to improve it
Math and Science
arithmetic, algebra, geometry, calculus, or statistics
Business
accounting and economics management
Engineering and Technology
computers and electronics
Arts and Humanities
English language
Math
choose the right type of math to solve a problem add, subtract, multiply, or divide
Verbal
communicate by speaking communicate by writing
Ideas and Logic
make general rules or come up with answers from lots of detailed information group things in different ways

Live UK Vacancies for Actuaries

Search All
Senior Actuarial Analyst / Actuarial Consultant
CV-Library Glasgow, Glasgow City Permanent
View Job
Actuarial Transformation Consultant
CV-Library London Permanent £60000 - £70000/annum
View Job
Salary Expectations
10th Percentile (Junior): £78,570
Median Annual (Mid-Level): £130,000
90th Percentile (Lead / Senior): £215,100
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Technical Terms
#data #accident #mortality #client #future benefit #conventional interests #retirement rate #probability table #cash reserve #statistical data