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"ACTUARY"
Job Description and Jobs

Job Description:

  • 1) Applies knowledge of mathematics, probability, statistics, principles of finance and business to problems in life, health, social, and casualty insurance, annuities, and pensions: Determines mortality, accident, sickness, disability, and retirement rates; constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.

  • 2) Designs or reviews insurance and pension plans and calculates premiums.

  • 3) Ascertains premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.

  • 4) Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.

  • 5) May specialize in one type of insurance and be designated Actuary, Casualty; Actuary, Life.

 

 

 


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End Of Job Description for: "ACTUARY"
DOT:   020.167-010

Job Number: 2240