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Associate Actuary

Job Title and Job Description

Associate Actuary

Price life insurance policies taking into account mortality, interest, and expenses. Make sure that the values meet state regulations. Prepare company financial statements. Access various electronic files/databases to gather information for financial statements. Use modelling software to project profitability of blocks of business under various future scenarios. I enjoy learning about new software and using it to model products.

What are some related career opportunities and job titles in your company or in your career area?

There are entry level positions - actuarial student then actuarial analyst.

What new technology will be important?

Database mining. Projection software for stochastic modelling.

What education or training did you have to prepare for this career?

Math major. Learned FORTRAN & APL. Various Microsoft programs: WORD, EXCEL, ACCESS.

What education or training do you recommend for students today who want to enter this field?

Math/actuarial with some training in economics.

When you were in high school, did you know that you would enter this field?

No idea - thought Id be a teacher.

Skills Profile

Skills UsedRating (5=Most Important thru
1=Not Important)
Comments

Artistic 2-Less Important2-Less Important 
Athletic / Physical 1-Not Important 
Bilingual 2-Less Important2-Less Important 
Computer Technology 5-Most Important5-Most Important5-Most Important5-Most Important5-Most Important 
Coordination / Using Hands, Tools, and Equipment 3-Somewhat Important3-Somewhat Important3-Somewhat Important 
Creative Thinking 4-Very Important4-Very Important4-Very Important4-Very Important 
Interpersonal 4-Very Important4-Very Important4-Very Important4-Very Important 
Investigative / Fact Finding 4-Very Important4-Very Important4-Very Important4-Very Important 
leadership and Supervising 5-Most Important5-Most Important5-Most Important5-Most Important5-Most Important 
Logical Thinking 5-Most Important5-Most Important5-Most Important5-Most Important5-Most Important 
Math 5-Most Important5-Most Important5-Most Important5-Most Important5-Most Important 
Mechanical Understanding 2-Less Important2-Less Important 
Sales and Negotiation 3-Somewhat Important3-Somewhat Important3-Somewhat Important 
Scientific and Experimental 3-Somewhat Important3-Somewhat Important3-Somewhat Important 
Social Service / Helping Skills 2-Less Important2-Less Important 
Teaching / Instructing 4-Very Important4-Very Important4-Very Important4-Very Important 
Verbal Communication 4-Very Important4-Very Important4-Very Important4-Very Important 
Understanding Nature, Plants, Animals 1-Not Important 
Understanding Yourself 3-Somewhat Important3-Somewhat Important3-Somewhat Important 
Writing 4-Very Important4-Very Important4-Very Important4-Very Important 
 

Interview By: JJ Associate Actuary