ICR

Actuaries :

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.


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About the Job


Indiana Average Salary $100,940.00
Average Time to Fill 49 days
Typical Education Bachelor's Degree
Typical Experience Over 4 years, up to and including 6 years
10 Year Projected Openings (2016-2026) 192
10 Year Expected Percentage Change (2016-2026) 16.46 %

For more information on the new projection methodology, visit Hoosiers by the Numbers .

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Skills Profile


Essential (Soft) Skills

Essential Skills to Employers

Critical Thinking
Numerical and Arithmetic Application
Attention to Detail
Information Gathering
Written Communication
Decision-making
Integrity
Following Directions
Oral Communication
Problem-solving
Technology and Tool Usage

Top Job Duties and Responsibilities

Analyzing Data or Information

Identify financial risks to company
Determine liability of organization or client
Evaluate degree of financial risk
Forecast phenomena based on statistical or mathematical research data
Analyze social or economic data
Identify problems using mathematical or statistical methods
Perform statistical analysis or modeling
Analyze medical or health data
Interpret charts or tables for social or economic research
Analyze financial data or information

Getting Information

Conduct historical research
Research state insurance regulations
Analyze evidence or facts
Analyze legal questions
Identify interrelationships among social statistics or indicators
Review insurance policies to determine appropriate coverage
Investigate insurance claims
Collect statistical data


Real-Time Job Posting Statistics


Booster Skills & Certifications

Job Seekers possessing booster skills & certifications, such as those listed below, added to core skills are more marketable, harder to find and expensive to hire.

Hard to Fill: Employers find positions requiring these skills to be hard to fill. These skills and certifications make a job seeker more in demand because the skills are not widely available.

Expensive to Fill: Employers find positions requiring these skills to be expensive to fill. Job seekers with these skills and certifications are likely to earn more money.

Skill or Certification Certi - fication Hard to Fill Expensive to Fill
Microsoft Access
Risk Management
Generally Accepted Accounting Principles (GAAP)
Product Development
Project Management
Staff Management
Budgeting


Related Licensing Requirements


Actuarial Certification for Small Employer Insurers (18-0000000003)

Each small employer insurer must maintain an actuarial certification verifying the that the rating methods of the insurer are actuarially sound, keep a copy for three years, and submit a copy before March 1 of each year to the Department of Insurance. This certification is in the form of a written statement by a member of the American Academy of Actuaries.

- Department of Insurance (3172322385)
- http://www.in.gov/idoi/


Department of Workforce Development Resources