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.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- 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.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- 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.
- Determine policy contract provisions for each type of insurance.
- Provide advice to clients on a contract basis, working as a consultant.
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- 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.
- Explain changes in contract provisions to customers.
- Manage credit and help price corporate security offerings.
Related Technology & Tools
- Notebook computers
- Personal computers
- Desktop computers
- 10-key calculators
- dBASE Plus
- Microsoft Visio
- Pricing software
- Oak Mountain Software AnnuityValue
- Cash flow software
- Appraisal software
- PolySystems Asset Delphi
- Word processing software
- Spreadsheet software
- Microsoft PowerPoint
- C++
- Insureware ICRFS-ELRF
- GGY AXIS
- IBM Lotus Notes
- Statistical software
- Microsoft Visual Basic
- Microsoft Visual FoxPro
- Microsoft Excel
- SS&C PTS
- Milliman Corporate Affinity
- SPSS
- Presentation software
- Structured query language SQL
- SAP BusinessObjects Desktop Intelligence
- Milliman ReservePro
- SAS
- ARMON Technologies XLActuary
- Compliance testing software
- Microsoft Access
- Wolfram Research Mathematica
- Lewis & Ellis LEAPPS
- R
- Microsoft Word
- Microsoft Office
- Data entry software
- Insightful S-PLUS