Actuary Job Description Sample Template

This free actuary job description sample template can help you attract an innovative and experienced actuary to your company. We make the hiring process one step easier by giving you a template to simply post to our site. Make sure to add requirements, benefits, and perks specific to the role and your company.

Actuary Job Summary

We are seeking a bright, industrious actuary to join our growing organization. In this position, you will analyze the financial consequences and risk levels of various possible decisions to communicate sound advice based on the short- and long-term goals of our company. You should have a thorough understanding of financial theory, be self-motivated, and an independent worker who is also a team-player.

Actuary Duties and Responsibilities

  • Study and analyze the potential outcomes of uncertain future events, with particular regard to the possible impact on insurance, pension, and investment programs
  • Apply business and economics knowledge to evaluate, manage, and advise company management on financial risks
  • Provide strategic advice for commercial and financial endeavors
  • Assess the likelihood of the occurrence of certain events, and predict the potential cost to the company and its shareholders
  • Implement statistical and mathematical modeling techniques to ascertain probability and weigh risks such as plausible liabilities
  • Prepare and present reports and valuations on a quarterly basis, with an emphasis on the implications of particular decisions to managers and company directors; provide advice on risk limitation
  • Monitor and mitigate risks in trading and investments
  • Develop systems to comply with the regulatory requirements through collaboration with IT professionals
  • Attend to client relationship management with external stakeholders, investment managers, and financial directors
  • Supervise staff to ensure cohesive and productive progress on business objectives
  • Assist with mergers and acquisitions

Actuary Requirements and Qualifications

  • Bachelor’s degree in actuarial science, business, finance, economics, mathematics, statistics, or related field strongly preferred
  • Prior actuarial experience preferred
  • Proven skill in actuarial mathematics, with an in-depth understanding of mathematics, statistics, probability theory, and investment theory
  • Excellent interpersonal and communications skills; ability to communicate complex and challenging topics to colleagues and stakeholders in simple, easy-to-understand language
  • Strong analytical, creative problem-solving, and research skills
  • Proficient IT skills

Similar Job Titles

  • Actuarial Analyst
  • Associate Actuary

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