| Actuary IV |
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| Also referred to as: Actuarial Analyst IV, Actuary Consultant IV, Insurance Actuary IV |
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| Requirements and Responsibilities |
| Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. |
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| Similar Jobs: Actuary II, Actuary III, Actuary V, Actuary I, Attorney IV, Paralegal IV, Underwriter IV, Buyer IV, Chemist IV |
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| Level of Education: Actuary IV Salaries with an Associate's Degree, Actuary IV Salaries with a Bachelor's Degree, Actuary IV Salaries with a Master's Degree or MBA, Actuary IV 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 | |
