Will “Actuarial Assistant” be Replaced By Robots? 🤔
21% Chance of Automation
“Actuarial Assistant” will almost certainly not be replaced by robots.
This job is ranked #209 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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Job Description
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.
Job Details
- The SOC (Standard Occupational Classification) code is 15-2011.00
- The Mean Annual Wage in the U.S. is $ 114,120.00
- The Mean Hourly Wage is $ 54.00
- Currently, there are 19,940 people on this job
☝️ Information based on the reference occupation “Actuaries”.
Also Known As…
- Actuaries
- Product Development Actuary
- Pricing Analyst
- Pricing Actuary
- Health Actuary
- Consulting Actuary
- Actuary
- Actuarial Consultant
- Actuarial Associate
- Actuarial Analyst
- Insurance Actuary
- Actuarial Mathematician
- Actuarial Manager
- Actuarial Assistant
Tasks for “Actuarial Assistant”
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
- Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- Explain changes in contract provisions to customers.
- Manage credit and help price corporate security offerings.
- 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.
- Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Testify before public agencies on proposed legislation affecting businesses.
- Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident.
- Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
- Provide advice to clients on a contract basis, working as a consultant.
- Determine policy contract provisions for each type of insurance.
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
Related Technology & Tools
- Desktop computers
- Notebook computers
- Personal computers
- 10-key calculators
- GGY AXIS
- Data entry software
- Structured query language SQL
- Microsoft Word
- IBM Lotus Notes
- Lewis & Ellis LEAPPS
- Oak Mountain Software AnnuityValue
- Word processing software
- R
- SAP BusinessObjects Desktop Intelligence
- PolySystems Asset Delphi
- Microsoft Access
- Microsoft Visual Basic
- Pricing software
- Insightful S-PLUS
- SAS
- Microsoft PowerPoint
- Insureware ICRFS-ELRF
- Milliman Corporate Affinity
- Milliman ReservePro
- SPSS
- Statistical software
- Presentation software
- Wolfram Research Mathematica
- dBASE Plus
- Compliance testing software
- C++
- Microsoft Excel
- SS&C PTS
- Spreadsheet software
- Cash flow software
- Appraisal software
- Microsoft Office
- Microsoft Visual FoxPro
- ARMON Technologies XLActuary
- Microsoft Visio