Career Opportunities: Become an Actuarial Analyst

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If you enjoy mathematics, finance, and business, you can bring all of your interests together as an actuarial analyst. Actuaries collect and analyze data to assess risks and help companies develop policies and response plans to minimize the costs associated with those risks. Actuarial analyst job openings are expected to increase rapidly over the next 10 years, making this an excellent choice for a new graduate or someone looking for a career change.

To become an actuarial analyst, you need to have solid knowledge and skills in the areas of mathematics and statistics, as well as a good understanding of general business concepts. Most actuaries will have college-level training in economics, corporate finance, and related areas. In order to qualify for the best positions amongst the available actuarial analyst job openings, you will need to have as much formal training in these areas as possible.

You can find actuarial analyst job openings in a variety of locations and roles. Actuarial analysts often work for insurance companies but may also serve as consultants on special projects or be hired to explain technical issues to company executives and shareholders, government officials and policy makers, or to present risk assessments directly to the public and media.



In the insurance industry, actuarial analyst job openings usually focus on either life and health insurance or property and casualty insurance. Those working in life and health insurance assess the likelihood of illness, injury, or death based on a person's age, sex, lifestyle, family history, and other factors. In the field of property and casualty insurance, actuaries assess the risk of accident, disaster, and liability. Insurance companies use these analyses to determine appropriate premiums to charge and criteria for insuring individuals and companies.

Actuarial analyst job openings are also available for work in the financial services industry. These actuaries help to determine credit risk and establish company policies regarding credit risk. They may also be involved in creating new investment offerings, estimating their soundness and the likelihood of gains and losses. Some financial actuaries work for the federal government on Social Security and Medicare.

There are four exams that one must take to receive full professional status as an actuary. Many candidates will be employed before achieving this level, however, and their employers often pay the costs of examinations and allocate work hours to studying for the exams. Therefore, if you are not yet qualified, you will want to search actuarial analyst job openings carefully for information about examination support.

If you are interested in actuarial analyst job openings, your first stop should be ActuarialCrossing.com. Both government and private practice jobs are listed here, with over 250,000 websites being tracked for new openings every day by the site’s 500+ occupational research analysts. Sign up for a free trial and see what they have to offer you in the way of actuarial analyst job openings.
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