Actuary
Finance

Actuary

Looking to hire your next Actuary? Here’s a full job description template to use as a guide.

73000
yearly U.S. wage
29200
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is a staffing agency dedicated to boosting the economic efficiency of US companies. We provide access to a diverse range of skilled Latin American professionals, allowing businesses to build robust teams without the traditional high costs associated with domestic hiring. Our model supports companies in maximizing their resources, driving innovation, and achieving sustainable growth.

Description

An actuary is a professional who specializes in analyzing financial risk using mathematics, statistics, and financial theory to study uncertain future events. They are crucial in devising strategies to manage and mitigate risk, primarily for insurance companies, pension plans, and other financial institutions. Actuaries are responsible for creating and assessing policies, conducting risk assessments, and providing informed insights to aid in financial decision-making. Their work ensures these organizations remain financially stable and capable of meeting future obligations, making actuaries essential to the financial sector.

Requirements

- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
- Professional actuarial certification (e.g., ASA, FSA, CERA, FIA) or significant progress toward certification
- Minimum of [X] years of relevant experience in actuarial or related financial analysis roles
- Proficiency in actuarial software and tools (e.g., Prophet, AXIS, MoSes, or similar)
- Strong analytical and problem-solving skills
- Advanced proficiency in statistical analysis and financial modeling
- Excellent communication skills, both written and verbal
- Ability to explain complex concepts to non-specialist stakeholders
- Experience in designing and pricing insurance policies, pension plans or financial products
- Strong attention to detail and accuracy in calculations and documentation
- Familiarity with local, state, and federal regulations related to financial reporting and insurance
- Demonstrated ability to collaborate effectively with cross-functional teams
- Proven experience in conducting risk assessments and sensitivity analyses
- High proficiency with data analysis tools and programming languages (e.g., Excel, SQL, R, Python)
- Strong organizational skills and the ability to manage multiple projects/priorities
- Commitment to continuous professional development and staying updated with industry trends
- Leadership and mentoring experience is an asset
- High ethical standards and commitment to maintaining the confidentiality of sensitive information

Responsabilities

- Estimate the probability and financial impact of uncertain future events.
- Create and validate financial forecasts, projections, and simulations.
- Develop and maintain actuarial models to assess risks and predict outcomes.
- Design and evaluate insurance policies, pension plans, and other financial strategies.
- Assess financial risks for stock portfolios, business investments, and insurance liabilities.
- Provide expert risk and financial advice to stakeholders.
- Analyze statistical data for use in regulatory reports and business planning.
- Perform sensitivity analyses and stress tests to measure the robustness of financial models.
- Review and update actuarial assumptions and methodologies.
- Ensure accuracy and compliance of actuarial calculations and reports.
- Present complex data and findings to non-actuarial audiences in an understandable manner.
- Collaborate with cross-functional teams, including underwriters, financial planners, and data analysts.
- Conduct and oversee peer reviews of actuarial work and methodologies.
- Utilize actuarial software and tools to automate and streamline analyses.
- Evaluate pricing structures and recommend adjustments to maintain profitability.
- Ensure alignment with regulatory standards and industry best practices.
- Mentor and supervise junior actuarial staff.
- Participate in professional development activities and maintain necessary certifications.
- Support financial reporting and auditing processes.
- Act as a liaison between the company and regulatory bodies in relevant matters.

Ideal Candidate

The ideal candidate for the Actuary role is a meticulously detail-oriented professional with a robust analytical skill set and a deep knowledge of actuarial science. They possess at least a Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field, alongside a professional actuarial certification or significant progress toward it. With a minimum of [X] years of relevant experience, they demonstrate an exceptional ability to develop and validate complex financial models, conduct detailed risk assessments, and perform precise statistical analyses. Proficiency in actuarial software such as Prophet, AXIS, or MoSes, as well as programming languages like Excel, SQL, R, and Python, is essential. The ideal candidate is an outstanding communicator, capable of translating intricate actuarial concepts into understandable terms for non-specialist stakeholders. They excel in collaborating with cross-functional teams, showing strong organizational and project management skills to handle multiple priorities effectively. Their high ethical standards and commitment to maintaining the confidentiality of sensitive information are paralleled by a proactive and self-motivated attitude. Moreover, they bring proven leadership and mentoring abilities, a dedication to continuous professional development, and a flexibility to adapt in a fast-paced environment. Their in-depth knowledge of regulatory standards, coupled with creative and innovative thinking, equips them to design, price, and evaluate insurance policies, pension plans, and other financial strategies efficiently.

On a typical day, you will...

- Analyze statistical data to estimate risk and liability for payment of future benefits.
- Develop and validate financial models to project potential future events.
- Prepare reports, tables, and exhibits to present and explain findings to stakeholders.
- Collaborate with other professionals to design and price insurance policies and pension plans.
- Conduct detailed risk assessments and provide recommendations to minimize the costs of risks.
- Monitor and evaluate the profitability of existing products and plans.
- Ensure compliance with local, state, and federal regulations related to financial reporting.
- Stay up-to-date with industry trends, best practices, and regulatory changes.
- Perform sensitivity testing and scenario analyses to predict future outcomes under various conditions.
- Review and approve documents and calculations performed by junior actuarial staff.
- Participate in meetings to discuss and strategize risk management solutions.
- Communicate complex actuarial concepts to non-specialist colleagues, clients, or board members.
- Assist in the financial management and planning of the company’s assets and liabilities.
- Engage in continuous professional development to maintain certification and broaden skillsets.

What we are looking for

- Strong analytical and quantitative skills
- Exceptional attention to detail and precision
- Outstanding problem-solving abilities
- High proficiency in data analysis and financial modeling
- Excellent written and verbal communication skills
- Ability to simplify and explain complex concepts to diverse audiences
- Strong collaboration and teamwork skills
- High level of integrity and ethical standards
- Proactive and self-motivated attitude
- Commitment to continuous learning and improvement
- Ability to manage multiple projects and priorities effectively
- Strong organizational and time management skills
- Proven leadership and mentoring abilities
- Adaptability and flexibility in a fast-paced environment
- In-depth knowledge of actuarial principles and practices
- Technical proficiency in actuarial software and tools
- Strong background in statistical analysis and financial projections
- Keen ability to identify and assess risks
- Creative and innovative thinking for problem-solving and strategy development

What you can expect (benefits)

- Competitive salary range: [specify currency and range]
- Health, dental, and vision insurance
- Retirement savings plan with company matching contributions
- Generous paid time off and holidays
- Flexible work hours and remote work options
- Professional development opportunities and financial support for exams
- Performance-based bonuses and incentives
- Life and disability insurance
- Employee wellness programs
- Tuition reimbursement for relevant courses and degrees
- Access to industry conferences and seminars
- On-site fitness center and wellness programs (if applicable)
- Employee assistance program (EAP)
- Reimbursement for professional membership fees
- Mentorship and career growth programs
- Collaborative and inclusive work environment
- Opportunities for advancement and promotions
- Work-life balance initiatives and support
- Company-sponsored social and team-building events

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