Actuaries: 
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.
Also includes
About the Job
| Primary Industry | Finance |
| Indiana Average Salary | $100,940.00 |
| Average Time to Fill | 49 days |
| Typical Education | Bachelor's degree |
| Typical Experience | Over 4 years, up to and including 6 years |
| Current Openings | |
| 2 Year Projected Openings (2016-2018) | 54 |
| 2 Year Expected Percentage Change (2016-2018) | 5.91 % |
| 10 Year Projected Openings (2016-2026) | 244 |
| 10 Year Expected Percentage Change (2016-2026) | 19.92 % |
For more information on the new projection methodology, visit Hoosiers by the Numbers .
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Skills Profile
Essential (Soft) Skills
Essential Skills to Employers
Critical Thinking
Numerical and Arithmetic Application
Attention to Detail
Information Gathering
Written Communication
Decision-making
Integrity
Following Directions
Oral Communication
Problem-solving
Technology and Tool Usage
Numerical and Arithmetic Application
Attention to Detail
Information Gathering
Written Communication
Decision-making
Integrity
Following Directions
Oral Communication
Problem-solving
Technology and Tool Usage
Top Job Duties and Responsibilities
Analyzing Data or Information
Identify financial risks to company
Determine liability of organization or client
Evaluate degree of financial risk
Forecast phenomena based on statistical or mathematical research data
Analyze social or economic data
Identify problems using mathematical or statistical methods
Perform statistical analysis or modeling
Analyze medical or health data
Interpret charts or tables for social or economic research
Analyze financial data or information
Determine liability of organization or client
Evaluate degree of financial risk
Forecast phenomena based on statistical or mathematical research data
Analyze social or economic data
Identify problems using mathematical or statistical methods
Perform statistical analysis or modeling
Analyze medical or health data
Interpret charts or tables for social or economic research
Analyze financial data or information
Getting Information
Conduct historical research
Research state insurance regulations
Analyze evidence or facts
Analyze legal questions
Identify interrelationships among social statistics or indicators
Review insurance policies to determine appropriate coverage
Investigate insurance claims
Collect statistical data
Research state insurance regulations
Analyze evidence or facts
Analyze legal questions
Identify interrelationships among social statistics or indicators
Review insurance policies to determine appropriate coverage
Investigate insurance claims
Collect statistical data
Real-Time Job Posting Statistics
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Find out more about information about these jobs in your area below:
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Booster Skills & Certifications
Job Seekers possessing booster skills & certifications, such as those listed below, added to core skills are more marketable, harder to find and expensive to hire.
Hard to Fill: Employers find positions requiring these skills to be hard to fill. These skills and certifications make a job seeker more in demand because the skills are not widely available.
Expensive to Fill: Employers find positions requiring these skills to be expensive to fill. Job seekers with these skills and certifications are likely to earn more money.
| Skill or Certification | Certi - fication | Certification | Hard to Fill | Expensive to Fill |
|---|---|---|---|---|
| SAS | ||||
| Financial Reporting | ||||
| Project Management | ||||
| Staff Management | ||||
| Generally Accepted Accounting Principles (GAAP) | ||||
| Visual Basic for Applications (VBA) | ||||
| Product Development |
Related Licensing Requirements
Actuarial Certification for Small Employer Insurers (18-0000000003)
Each small employer insurer must maintain an actuarial certification verifying the that the rating methods of the insurer are actuarially sound, keep a copy for three years, and submit a copy before March 1 of each year to the Department of Insurance. This certification is in the form of a written statement by a member of the American Academy of Actuaries.
- Department of Insurance (3172322385)
- http://www.in.gov/idoi/
- Department of Insurance (3172322385)
- http://www.in.gov/idoi/
