Principal Actuary
Columbus, OH · On-site
$118K - $189K/yr
Columbus, OH · On-site
$118K - $189K/yr
Columbus, OH · On-site
$150 - $200/hr
New
Columbus, OH · On-site
$200 - $250/hr
New
Columbus, OH · On-site
$143K - $229K/yr
Columbus, OH · On-site
$23 - $50/hr
Columbus, OH · On-site
$150 - $200/hr
Columbus, OH · On-site
$150 - $200/hr
Columbus, OH · On-site
$150 - $200/hr
Columbus, OH · On-site
$150 - $200/hr
New
Columbus, OH · On-site
$23 - $50/hr
Columbus, OH · On-site
$81K - $129K/yr
Columbus, OH · On-site
$150 - $200/hr
Columbus, OH · On-site
$125 - $150/hr
Columbus, OH · On-site
$100 - $125/hr
Columbus, OH · On-site
$125 - $150/hr
Groveport, OH · On-site
$80 - $100/hr
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Salary range: $116,500 - $137,000
As a part-time actuary, your job is to research and analyze risks, mainly as they affect finances and other aspects of a business. In this role, you may study trends within risks, help find ways to avoid them, and present the compiled statistical information to people who need that information. You may have to give financial reports on this information on a regular schedule. Most actuaries use specialized computer software to process data, generate visual reports, and otherwise aid their work. Actuaries often work with insurance companies, pension companies, consulting firms, and government agencies, and many ultimately transition to management or executive roles. This job involves heavy use of mathematics, especially statistics and probability theory.
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A life insurance actuary helps determine pricing for life insurance policies to minimize cost and risk. As a life insurance actuary, your duties include assessing risk and uncertainty among customer bases, performing financial analysis, and creating reports for salespeople and management. Qualifications for becoming a life insurance actuary typically include a bachelor’s degree in mathematics, actuarial science, or a related field, as well as professional actuary certification. Many candidates gain relevant job experience and skills through summer internships or by starting at a different position at an insurance firm. Other useful skills include strong attention to detail, excellent written and verbal communication, and analytical problem-solving abilities.
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Actuaries model and measure the financial risk of future events for agencies and corporations that provide insurance, often using software like Excel and SQL. Actuaries are the business professionals most essential to the insurance industry. Their duties include maintaining daily correspondence with clients, programming or implementing risk management software, and strategizing events that bring financial risk to companies and their products. Actuaries price insurance policies and advise corporations on how to meet regulatory standards and balance capital. They lead busy professional lives, and on a daily basis they may review, prepare, and present reports to clients and executives whose financial well-being depends on the results of actuarial science. Four actuary specializations are property-casualty, life, health, and pension.