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Actuaries
15-2011.00·Computer and Mathematical·Job Zone 4
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.
15Tasks
45Tech Skills
20Technical Tools
4Related STIGs
Related STIGs
4 STIGs matched via technical tools used by this role
Related STIGs
| STIG | Version | Matched Via | Confidence |
|---|---|---|---|
| Microsoft SQL Server 2022 Instance Security Technical Implementation Guide | 1 | Microsoft SQL Server | 95% |
| Microsoft SQL Server 2022 Database Security Technical Implementation Guide | 1 | Microsoft SQL Server | 95% |
| Microsoft Access 2016 Security Technical Implementation Guide | 1 | Microsoft Access | 95% |
| Oracle Database 19c Security Technical Implementation Guide | 1 | Oracle Database | 95% |
Technology Skills
45 technologies · 20 technical tools
Technology Skills
Technical Tools
C++IBM SPSS StatisticsMicrosoft AccessMicrosoft ExcelIN DEMANDMicrosoft Office softwareIN DEMANDMicrosoft Power BIIN DEMANDMicrosoft PowerPointIN DEMANDMicrosoft ProjectMicrosoft SQL ServerMicrosoft VisioMicrosoft Visual BasicMicrosoft Visual Basic for Applications VBAIN DEMANDMicrosoft WordOracle DatabaseOracle JavaPythonIN DEMANDRIN DEMANDSASIN DEMANDStructured query language SQLIN DEMANDTableauIN DEMAND
Other Technologies
Appraisal softwareARMON Technologies XLActuaryCash flow softwareCompliance testing softwaredBASE PlusGGY AXISIBM Lotus NotesInsightful S-PLUSInsureware ICRFS-ELRFLewis & Ellis LEAPPSMicrosoft Visual FoxProMilliman Corporate AffinityMilliman ReserveProOak Mountain Software AnnuityValuePolySystems Asset DelphiPresentation softwarePricing softwareQlik Tech QlikViewSAP BusinessObjects Desktop IntelligenceSpreadsheet softwareSS&C PTSStatistical softwareTowers Perrin MoSesWolfram Research MathematicaWord processing software
Task Statements
12 core · 3 supplemental
Task Statements
Core Tasks
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- 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.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
- Provide advice to clients on a contract basis, working as a consultant.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Negotiate terms and conditions of reinsurance with other companies.
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
- Testify before public agencies on proposed legislation affecting businesses.
- Determine policy contract provisions for each type of insurance.
Supplemental Tasks
- Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident.
- Explain changes in contract provisions to customers.
- Manage credit and help price corporate security offerings.
Top Skills
Ranked by importance score
Top Skills
Mathematics4.9
Judgment and Decision Making4.3
Critical Thinking4.3
Reading Comprehension4.3
Mathematics4.3
Systems Evaluation4.0
Complex Problem Solving4.0
Active Listening4.0
Computers and Electronics4.0
Systems Analysis3.9
Speaking3.9
Economics and Accounting3.8
English Language3.7
Writing3.5
Active Learning3.3
Monitoring3.1
Time Management3.0
Coordination3.0
Social Perceptiveness3.0
Operations Analysis3.0
Top Abilities
Ranked by importance score
Top Abilities
Mathematical Reasoning4.6
Inductive Reasoning4.1
Number Facility4.1
Category Flexibility4.0
Oral Expression4.0
Written Expression4.0
Deductive Reasoning4.0
Written Comprehension4.0
Oral Comprehension4.0
Problem Sensitivity3.9
Information Ordering3.9
Near Vision3.8
Speech Clarity3.6
Speech Recognition3.4
Selective Attention3.3
Flexibility of Closure3.3
Fluency of Ideas3.1
Originality2.9
Perceptual Speed2.8
Speed of Closure2.6
Work Activities
Ranked by importance score
Work Activities
Analyzing Data or Information4.8
Processing Information4.7
Working with Computers4.7
Getting Information4.5
Making Decisions and Solving Problems4.5
Communicating with Supervisors, Peers, or Subordinates4.4
Updating and Using Relevant Knowledge4.4
Evaluating Information to Determine Compliance with Standards4.2
Interpreting the Meaning of Information for Others4.0
Identifying Objects, Actions, and Events3.9
Providing Consultation and Advice to Others3.6
Communicating with People Outside the Organization3.6
Organizing, Planning, and Prioritizing Work3.6
Establishing and Maintaining Interpersonal Relationships3.5
Estimating the Quantifiable Characteristics of Products, Events, or Information3.5
Thinking Creatively3.4
Guiding, Directing, and Motivating Subordinates3.3
Developing Objectives and Strategies3.3
Coaching and Developing Others3.3
Documenting/Recording Information3.3
Education, Training & Experience
Percentage of respondents reporting each level
Education, Training & Experience
Required Level of Education
Bachelor's Degree79%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.11%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.11%
Related Work Experience
None50%
Over 1 month, up to and including 3 months14%
Over 3 months, up to and including 6 months11%
Over 6 months, up to and including 1 year7%
Over 1 year, up to and including 2 years7%
Over 4 years, up to and including 6 years4%
Over 6 years, up to and including 8 years4%
Over 8 years, up to and including 10 years4%
On-Site or In-Plant Training
None43%
Up to and including 1 month18%
Over 1 month, up to and including 3 months7%
Over 3 months, up to and including 6 months7%
Over 6 months, up to and including 1 year4%
Over 1 year, up to and including 2 years11%
Over 2 years, up to and including 4 years4%
Over 4 years, up to and including 10 years7%
On-the-Job Training
None or short demonstration4%
Anything beyond short demonstration, up to and including 1 month11%
Over 1 month, up to and including 3 months11%
Over 3 months, up to and including 6 months15%
Over 6 months, up to and including 1 year22%
Over 1 year, up to and including 2 years11%
Over 2 years, up to and including 4 years7%
Over 4 years, up to and including 10 years15%
Over 10 years4%