Actuary
Job Description
An Actuary analyzes statistical data to assess risks and develop financial strategies for insurance companies, pension funds, and businesses.
Job Brief
Actuaries use mathematics, statistics, and financial theory to evaluate financial risks and help companies develop policies to minimize losses.
Responsibilities
- Analyze financial risks using statistical models.
- Assess the probability of events such as accidents or economic downturns.
- Develop insurance and pension plans.
- Provide financial forecasting and investment advice.
- Work with regulators to ensure policy compliance.
Requirements
- Bachelor’s degree in Mathematics, Actuarial Science, or Finance.
- Strong analytical and problem-solving skills.
- Knowledge of statistical software and financial modeling.
- Professional certification (e.g., SOA, CAS) preferred.
Wages
Actuaries earn between $90,000 – $180,000 per year.
Salary
$90,000 – $180,000 per year