Actuaries
Computer and Mathematical (15-2011)
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.
$125,770/yr
+21.8%
2
Bachelor's degree
Skills & Requirements
Skills (35)
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics
Using mathematics to solve problems.
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Systems Evaluation
Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Systems Analysis
Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Speaking
Talking to others to convey information effectively.
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Time Management
Managing one's own time and the time of others.
Operations Analysis
Analyzing needs and product requirements to create a design.
Service Orientation
Actively looking for ways to help people.
Coordination
Adjusting actions in relation to others' actions.
Social Perceptiveness
Being aware of others' reactions and understanding why they react as they do.
Management of Personnel Resources
Motivating, developing, and directing people as they work, identifying the best people for the job.
Learning Strategies
Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Persuasion
Persuading others to change their minds or behavior.
Negotiation
Bringing others together and trying to reconcile differences.
Instructing
Teaching others how to do something.
Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
Programming
Writing computer programs for various purposes.
Operations Monitoring
Watching gauges, dials, or other indicators to make sure a machine is working properly.
Science
Using scientific rules and methods to solve problems.
Management of Material Resources
Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
Quality Control Analysis
Conducting tests and inspections of products, services, or processes to evaluate quality or performance.
Technology Design
Generating or adapting equipment and technology to serve user needs.
Repairing
Repairing machines or systems using the needed tools.
Troubleshooting
Determining causes of operating errors and deciding what to do about it.
Equipment Maintenance
Performing routine maintenance on equipment and determining when and what kind of maintenance is needed.
Operation and Control
Controlling operations of equipment or systems.
Installation
Installing equipment, machines, wiring, or programs to meet specifications.
Equipment Selection
Determining the kind of tools and equipment needed to do a job.
Knowledge (33)
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Education and Training
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Communications and Media
Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Medicine and Dentistry
Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
Engineering and Technology
Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
Psychology
Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
Telecommunications
Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
Production and Processing
Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Sociology and Anthropology
Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
Public Safety and Security
Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Design
Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Geography
Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
History and Archeology
Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
Transportation
Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
Philosophy and Theology
Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
Therapy and Counseling
Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Biology
Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Building and Construction
Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Physics
Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
Mechanical
Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
Fine Arts
Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
Foreign Language
Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
Chemistry
Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Food Production
Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Abilities (52)
Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
Written Expression
The ability to communicate information and ideas in writing so others will understand.
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
Written Comprehension
The ability to read and understand information and ideas presented in writing.
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
Category Flexibility
The ability to generate or use different sets of rules for combining or grouping things in different ways.
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
Information Ordering
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Near Vision
The ability to see details at close range (within a few feet of the observer).
Speech Clarity
The ability to speak clearly so others can understand you.
Speech Recognition
The ability to identify and understand the speech of another person.
Flexibility of Closure
The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
Selective Attention
The ability to concentrate on a task over a period of time without being distracted.
Fluency of Ideas
The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Originality
The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
Perceptual Speed
The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
Far Vision
The ability to see details at a distance.
Speed of Closure
The ability to quickly make sense of, combine, and organize information into meaningful patterns.
Memorization
The ability to remember information such as words, numbers, pictures, and procedures.
Time Sharing
The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
Visualization
The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
Auditory Attention
The ability to focus on a single source of sound in the presence of other distracting sounds.
Visual Color Discrimination
The ability to match or detect differences between colors, including shades of color and brightness.
Depth Perception
The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
Hearing Sensitivity
The ability to detect or tell the differences between sounds that vary in pitch and loudness.
Trunk Strength
The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
Finger Dexterity
The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
Wrist-Finger Speed
The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
Sound Localization
The ability to tell the direction from which a sound originated.
Glare Sensitivity
The ability to see objects in the presence of a glare or bright lighting.
Peripheral Vision
The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
Night Vision
The ability to see under low-light conditions.
Gross Body Equilibrium
The ability to keep or regain your body balance or stay upright when in an unstable position.
Gross Body Coordination
The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
Dynamic Flexibility
The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
Extent Flexibility
The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
Stamina
The ability to exert yourself physically over long periods of time without getting winded or out of breath.
Dynamic Strength
The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
Explosive Strength
The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
Static Strength
The ability to exert maximum muscle force to lift, push, pull, or carry objects.
Speed of Limb Movement
The ability to quickly move the arms and legs.
Reaction Time
The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
Rate Control
The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
Response Orientation
The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
Multilimb Coordination
The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
Control Precision
The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
Manual Dexterity
The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
Arm-Hand Steadiness
The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
Spatial Orientation
The ability to know your location in relation to the environment or to know where other objects are in relation to you.
Technology (45)
Oracle Database
Category: Data base user interface and query software | Hot Technology
Oracle Java
Category: Object or component oriented development software | Hot Technology
C
Category: Development environment software | Hot Technology
Tableau
Category: Business intelligence and data analysis software | Hot Technology
Structured query language SQL
Category: Data base user interface and query software | Hot Technology
IBM SPSS Statistics
Category: Analytical or scientific software | Hot Technology
Microsoft Access
Category: Data base user interface and query software | Hot Technology
Microsoft Excel
Category: Spreadsheet software | Hot Technology | In Demand
Microsoft Office software
Category: Office suite software | Hot Technology | In Demand
SAS
Category: Analytical or scientific software | Hot Technology
Microsoft Power BI
Category: Business intelligence and data analysis software | Hot Technology
R
Category: Object or component oriented development software | Hot Technology
Microsoft PowerPoint
Category: Presentation software | Hot Technology | In Demand
Microsoft Project
Category: Project management software | Hot Technology
Microsoft SQL Server
Category: Data base user interface and query software | Hot Technology
Microsoft Visio
Category: Process mapping and design software | Hot Technology
Microsoft Visual Basic
Category: Development environment software | Hot Technology
Microsoft Visual Basic for Applications VBA
Category: Development environment software | Hot Technology
Microsoft Word
Category: Word processing software | Hot Technology
Python
Category: Object or component oriented development software | Hot Technology
Statistical software
Category: Analytical or scientific software
Presentation software
Category: Presentation software
PolySystems Asset Delphi
Category: Financial analysis software
Pricing software
Category: Financial analysis software
Oak Mountain Software AnnuityValue
Category: Financial analysis software
Spreadsheet software
Category: Spreadsheet software
Compliance testing software
Category: Compliance software
SS&C PTS
Category: Financial analysis software
Lewis & Ellis LEAPPS
Category: Financial analysis software
Insureware ICRFS-ELRF
Category: Financial analysis software
dBASE Plus
Category: Data base user interface and query software
Insightful S-PLUS
Category: Analytical or scientific software
Word processing software
Category: Word processing software
IBM Lotus Notes
Category: Electronic mail software
Wolfram Research Mathematica
Category: Analytical or scientific software
GGY AXIS
Category: Financial analysis software
Towers Perrin MoSes
Category: Financial analysis software
Milliman ReservePro
Category: Financial analysis software
Milliman Corporate Affinity
Category: Financial analysis software
Microsoft Visual FoxPro
Category: Object oriented data base management software
Qlik Tech QlikView
Category: Business intelligence and data analysis software
Appraisal software
Category: Financial analysis software
ARMON Technologies XLActuary
Category: Financial analysis software
SAP BusinessObjects Desktop Intelligence
Category: Data base user interface and query software
Cash flow software
Category: Financial analysis software
Work Activities (41)
Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
Updating and Using Relevant Knowledge
Keeping up-to-date technically and applying new knowledge to your job.
Communicating with Supervisors, Peers, or Subordinates
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Evaluating Information to Determine Compliance with Standards
Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Interpreting the Meaning of Information for Others
Translating or explaining what information means and how it can be used.
Identifying Objects, Actions, and Events
Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
Organizing, Planning, and Prioritizing Work
Developing specific goals and plans to prioritize, organize, and accomplish your work.
Communicating with People Outside the Organization
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Providing Consultation and Advice to Others
Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
Estimating the Quantifiable Characteristics of Products, Events, or Information
Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
Establishing and Maintaining Interpersonal Relationships
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Thinking Creatively
Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
Developing Objectives and Strategies
Establishing long-range objectives and specifying the strategies and actions to achieve them.
Coaching and Developing Others
Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
Documenting/Recording Information
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Guiding, Directing, and Motivating Subordinates
Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
Monitoring Processes, Materials, or Surroundings
Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
Developing and Building Teams
Encouraging and building mutual trust, respect, and cooperation among team members.
Training and Teaching Others
Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
Coordinating the Work and Activities of Others
Getting members of a group to work together to accomplish tasks.
Scheduling Work and Activities
Scheduling events, programs, and activities, as well as the work of others.
Judging the Qualities of Objects, Services, or People
Assessing the value, importance, or quality of things or people.
Resolving Conflicts and Negotiating with Others
Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
Selling or Influencing Others
Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
Staffing Organizational Units
Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.
Monitoring and Controlling Resources
Monitoring and controlling resources and overseeing the spending of money.
Performing Administrative Activities
Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
Assisting and Caring for Others
Providing personal assistance, medical attention, emotional support, or other personal care to others such as coworkers, customers, or patients.
Performing for or Working Directly with the Public
Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
Inspecting Equipment, Structures, or Materials
Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects.
Controlling Machines and Processes
Using either control mechanisms or direct physical activity to operate machines or processes (not including computers or vehicles).
Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment
Providing documentation, detailed instructions, drawings, or specifications to tell others about how devices, parts, equipment, or structures are to be fabricated, constructed, assembled, modified, maintained, or used.
Repairing and Maintaining Electronic Equipment
Servicing, repairing, calibrating, regulating, fine-tuning, or testing machines, devices, and equipment that operate primarily on the basis of electrical or electronic (not mechanical) principles.
Handling and Moving Objects
Using hands and arms in handling, installing, positioning, and moving materials, and manipulating things.
Performing General Physical Activities
Performing general physical activities includes doing activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials.
Operating Vehicles, Mechanized Devices, or Equipment
Running, maneuvering, navigating, or driving vehicles or mechanized equipment, such as forklifts, passenger vehicles, aircraft, or watercraft.
Repairing and Maintaining Mechanical Equipment
Servicing, repairing, adjusting, and testing machines, devices, moving parts, and equipment that operate primarily on the basis of mechanical (not electronic) principles.
Work Styles (21)
Dependability
A tendency to be reliable, responsible, and consistent in meeting work-related obligations.
Attention to Detail
A tendency to be detail-oriented, organized, and thorough in completing work.
Integrity
A tendency to be honest and ethical at work.
Cautiousness
A tendency to be careful, deliberate, and risk-avoidant when making work-related decisions or doing work.
Intellectual Curiosity
A tendency to seek out and acquire new work-related knowledge and obtain a deep understanding of work-related subjects.
Self-Control
A tendency to remain calm and composed and to manage emotions effectively in response to criticism or difficult situations at work.
Initiative
A tendency to be proactive and take on extra responsibilities and tasks that may fall outside of one's required work role.
Adaptability
A tendency to be open to and comfortable with change, new experiences, or ideas at work.
Self-Confidence
A tendency to believe in one's work-related capabilities and ability to control one's work-related outcomes.
Perseverance
A tendency to exhibit determination and resolve to perform or complete tasks in the face of difficult circumstances or obstacles at work.
Leadership Orientation
A tendency to lead, take charge, offer opinions, and provide direction at work.
Humility
A tendency to be modest and humble when interacting with others at work.
Sincerity
A tendency to be genuine and sincere in interactions with others at work, without concern for personal gain or self-interest.
Empathy
A tendency to show concern for others and be sensitive to others' needs and feelings at work.
Cooperation
A tendency to be pleasant, helpful, and willing to assist others at work.
Optimism
A tendency to exhibit a positive attitude and positive emotions at work, even under difficult circumstances.
Social Orientation
A tendency to seek out, enjoy, and be energized by social interaction at work.
Tolerance for Ambiguity
A tendency to be comfortable with ambiguity and uncertainty at work.
Achievement Orientation
A tendency to establish and maintain personally challenging work-related goals, set high work-related standards, and exert high effort toward meeting those goals and standards.
Innovation
A tendency to be inventive, to be imaginative, and to adopt new perspectives on ways to accomplish work.
Stress Tolerance
A tendency to cope and function effectively in stressful situations at work.
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