O*NET Career Intelligence

Actuaries

SOC 15-2011.00

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Zone 4 Computer and Mathematical

Skills

Knowledge

Job Zone

Green

Top Skills 8

Mathematics

4.2

Critical Thinking

4.2

Judgment and Decision Making

4.2

Reading Comprehension

4.1

Active Listening

4.0

Complex Problem Solving

4.0

Systems Evaluation

4.0

Speaking

3.9

Knowledge Areas 8

Mathematics

5.0

Economics and Accounting

4.2

English Language

3.7

Computers and Electronics

3.7

Law and Government

3.3

Administration and Management

3.3

Customer and Personal Service

2.6

Education and Training

2.5

Key Tasks

1Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.

2Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.

3Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.

4Provide advice to clients on a contract basis, working as a consultant.

5Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

Also Known As

Actuarial Analyst Actuarial Assistant Actuarial Associate Actuarial Consultant Actuarial Manager Actuarial Mathematician Actuary Consulting Actuary Health Actuary Insurance Actuary