| Actuary III |
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| Also referred to as: Actuarial Analyst III, Actuary Consultant III, Insurance Actuary III |
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| Requirements and Responsibilities |
| Analyzes statistical data and applies mathematical models to assess risk, price insurance products, and support the financial soundness of the organization. Develops and maintains actuarial models to estimate reserves, premiums, and liabilities across lines of business. Evaluates the probability and financial impact of future events such as claims, mortality, morbidity, and policyholder behavior. Prepares actuarial reports, rate filings, and reserve analyses to support pricing, regulatory, and financial reporting requirements. Collaborates with underwriting, finance, and product teams to inform strategy and ensure adequate risk management. Monitors emerging trends, legislation, and industry developments that affect actuarial assumptions and outcomes. Requires a bachelor's degree. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. |
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| Similar Jobs: Actuary II, Actuary IV, Actuary V, Actuary I, Hydrologist III, Attorney III, Underwriter III, Paralegal III, Pilot III |
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| Level of Education: Actuary III Salaries with an Associate's Degree, Actuary III Salaries with a Bachelor's Degree, Actuary III Salaries with a Master's Degree or MBA, Actuary III Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Aerospace & Defense, Biotechnology, Business Services, Chemicals, Construction, Edu., Gov't. & Nonprofit, Energy & Utilities, Financial Services, Healthcare, Hospitality & Leisure, Insurance, Internet, Media, MFG Durable, MFG Nondurable, Pharmaceuticals, Retail & Wholesale, Software & Networking, Telecom, Transportation | |
