Will “Actuarial Manager” be Replaced By Robots? 🤔
21% Chance of Automation
“Actuarial Manager” 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.
Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍
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 Assistant
- Actuarial Analyst
- Insurance Actuary
- Actuarial Mathematician
Tasks for “Actuarial Manager”
- Explain changes in contract provisions to customers.
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
- Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- Manage credit and help price corporate security offerings.
- 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.
- Testify before public agencies on proposed legislation affecting businesses.
- Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- 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.
- Provide advice to clients on a contract basis, working as a consultant.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Determine policy contract provisions for each type of insurance.
Related Technology & Tools
- Personal computers
- Notebook computers
- 10-key calculators
- Desktop computers
- Microsoft Visio
- Oak Mountain Software AnnuityValue
- Presentation software
- Microsoft PowerPoint
- Insightful S-PLUS
- SPSS
- Statistical software
- Compliance testing software
- Data entry software
- Microsoft Visual Basic
- Microsoft Access
- Insureware ICRFS-ELRF
- Word processing software
- PolySystems Asset Delphi
- IBM Lotus Notes
- Microsoft Excel
- Wolfram Research Mathematica
- Microsoft Visual FoxPro
- Pricing software
- Milliman ReservePro
- dBASE Plus
- Microsoft Office
- Milliman Corporate Affinity
- Cash flow software
- R
- SS&C PTS
- Appraisal software
- SAS
- Structured query language SQL
- C++
- SAP BusinessObjects Desktop Intelligence
- GGY AXIS
- Microsoft Word
- ARMON Technologies XLActuary
- Lewis & Ellis LEAPPS
- Spreadsheet software