Actuarial Jobs in Cedar Rapids, IA
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.
, skills & abilities: Effective verbal and written communication skills Knowledge of actuarial pricing techniques and best practices Knowledge of commercial insurance products and general insurance/...
Knowledge, skills & abilities: Effective verbal, written, and presentation communication skills Proficient in the use of actuarial techniques and standards Knowledge of commercial insurance products...
, execute, and monitor profitability strategies, in partnership with Underwriting and product owners Identify and improve process efficiencies within scope of work Support preparation of all required...
Demographic Data for Cedar Rapids, IA
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Salary for Actuarial Jobs in Cedar Rapids, IA
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Actuarials in Cedar Rapids, IA 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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