Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)
Role Description
The Actuarial Associate is responsible for assisting in the estimation of IBNR reserves and experience report analysis in support of the Corporate Actuarial mission.
In addition, the Actuarial Associate will communicate with Line of Business teams to explain and understand results and will work with the Finance Department in support of Financial, Statutory, and Management reporting requirements.
The following are the primary accountabilities of the position :
Role Qualifications and Experience
Salary Range
63, - 84, USD
Theannual base salary range posted represents a broad range of salaries around the and is subject to many factors including but not limited to credentials,education, experience, geographic location, job responsibilities, performance,skills and / or training.
Last updated : 2024-03-22
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0 Actuarial Fellow jobs found in Norwalk, CT area