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Actuary Job Description: Top Duties and Qualifications

Your job description is the first touchpoint between your company and your new hire. With millions of people searching for jobs on Indeed each month, a great job description can help you attract the most qualified candidates to your open position. To get you started, here are some tips for creating an effective job description.

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Actuary job title

A great job title typically includes a general term, level of experience and any special requirements. The general term will optimize your job title to show up in a general search for jobs of the same nature. The level of experience will help you attract the most qualified applicants by outlining the amount of responsibility and prior knowledge required. And if your position is specialized, consider including the specialization in the job title as well. But avoid using internal titles, abbreviations or acronyms to make sure people understand what your job posting is before clicking.

  • Actuary
  • Entry-Level Actuary
  • Benefits Actuary
  • Actuary (Full-Time)
  • Insurance Actuary
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Actuary Job Description Examples:

Actuary job summary

A great job description starts with a compelling summary of the position and its role within your company. Your summary should provide an overview of your company and expectations for the position. Outline the types of activities and responsibilities required for the job so job seekers can determine if they are qualified, or if the job is a good fit.

Example of an Actuary job summary

We are looking for a Senior Actuary with expertise in investment and financial planning to join our growing team. The Senior Actuary will be responsible for finding solutions to balance costs and risks, conducting regular rate analysis, researching and pricing products and financial product development. The right candidate will apply his or her talents at our progressive, growing company and enjoy advantages such as the opportunity for professional growth and a comprehensive benefits package.

Actuary responsibilities and duties

The responsibilities and duties section is the most important part of the job description. Here you should outline the functions this position will perform on a regular basis, how the job functions within the organization and who the job reports to.

  • Prepare monthly and quarterly financial reports
  • Use pricing models to perform analysis
  • Monitor market for current prices and products and prepare competitive analysis reports
  • Handle preparation and submission for filings of long-term care rates
  • Design and price insurance policies and pensions and ensure plans are financially sound

Actuary qualifications and skills

Next, outline the required and preferred skills for your position. This may include education, previous job experience, certifications and technical skills. You may also include soft skills and personality traits that you envision for a successful hire. While it may be tempting to include a long list of skills and requirements, including too many could dissuade qualified candidates from applying. Keep your list of qualifications concise, but provide enough detail with relevant keywords and terms.

  • Bachelor’s Degree in Mathematics, Statistics, Actuarial Science or related discipline
  • 5+ years’ experience evaluating insurance and pension plans
  • Strong written and verbal communication skills
  • Ability to clearly explain complex statistics and technical details
  • Advanced computer skills, including understanding of databases, spreadsheets and statistical analysis software
  • Strong attention to detail
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Job Description Examples

Need help writing a job description for a specific role? Use these job description examples to create your next great job posting. Or if you’re ready to hire, post your job on Indeed.

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