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.

On the job, you would:

• Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
• Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
• Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

Education

• bachelor's degree
• certificate after college

Math and Science

• arithmetic, algebra, geometry, calculus, or statistics

Engineering and Technology

• computers and electronics

Business

• accounting and economics

Arts and Humanities

• English language

Basic Skills

• reading work related information
• thinking about the pros and cons of different ways to solve a problem

People and Technology Systems

• thinking about the pros and cons of different options and picking the best one
• measuring how well a system is working and how to improve it

Problem Solving

• noticing a problem and figuring out the best way to solve it

Conventional

People interested in this work like activities that include data, detail, and regular routines.

• Analytical Thinking
• Attention to Detail
• Integrity
• Dependability
• Achievement/Effort
• Initiative

Math

• choose the right type of math to solve a problem
• add, subtract, multiply, or divide

Verbal

• communicate by speaking
• communicate by writing

Ideas and Logic

• make general rules or come up with answers from lots of detailed information
• group things in different ways