Actuarial Jobs in Bloomington, IL
An Actuary in the insurance industry plays a crucial role in managing risk. They use mathematics, statistics, and financial theory to study uncertain future events, especially those concerning insurance and pension programs. They help design insurance policies, pension plans, and other financial strategies by estimating the likely economic impact of various events such as sickness, accidents, natural disasters, and retirement. Actuaries are tasked with determining the potential financial risks of these events and advising companies on how to minimize such risks.
Actuaries must possess strong analytical skills, business knowledge, and an understanding of human behavior to design and implement business strategies. They typically need to have a bachelor's degree and must pass a series of exams to become certified professionals. The two primary actuarial societies in the U.S. are the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). To become an Actuary, a person could have roles such as an Actuarial Intern or Actuarial Analyst. They might also come from a background in Data Analysis or Statistics. The progression to becoming an Actuary requires rigorous exam preparation and practical experience in the field.
Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting...
About the role Provides quantitative, research, administration or system support to the life/health/annuity actuarial division....
Creates and utilizes actuarial models and knowledge to consult and influence management towards courses of action that have impact on products/pricing, valuation, modeling, profitability, underwriting...
Strong understanding of actuarial ratemaking methodologies and practices Perform actuarial pricing analysis independently and makes reasonable assumptions/judgments....
Remote WorkProvides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting...
Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting...
About the role As an Actuarial Analyst 2, you will maintain actuarial models to design and price life, health, and annuity products....
Remote WorkDemographic Data for Bloomington, IL
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Salary for Actuarial Jobs in Bloomington, IL
Highest Education Level
Actuarials in Bloomington, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Actuarial position
- Statistical Analysis System
- General Liability
- Property and Casualty Insurance
- Personal Lines
- Annuities
- Commercial Insurance
- Employee Benefits
- Underwriting
- Claims
- Generally Accepted Accounting Principles
- Financial Services
- Fraud Investigation
- Medicaid
- Medicare
- Client Services
- Financial Reporting
- Sales & Marketing
- Estimating
- Reimbursement
- Product Development
- Microsoft Power BI
- Tableau
- Risk Management
- Relationship Management
- Finance
- Python
- Military Background
- SQL
- Analytical Skills
- Decision Making
- Written Communication
- Consulting
- Presentation
- Flexibility
- Mentoring
- Documentation
- Data Analysis
- Reporting
- Employee Development
- Collaboration
- Coaching
- Bachelor's Degree
- Sales
- Critical Thinking
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Research Skills
- Scheduling
- Leadership
- Communication Skills
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