As an entry-level actuarial analyst, your job is to help assess risk by using data to calculate probabilities. Actuarial analysts are particularly common in the insurance industry and often use this position to gain experience before applying for a position as a full actuary. In this role, you may study for the actuary exam, help with any calculation the company needs, and compile a report for managers or executives. Actuarial analysts often specialize in specific parts of any given industry. For example, reserve analysts help ensure that insurance companies have enough assets to remain financially stable even when taking into account insurance claims possibly payable in the future.