Also referred to as:
Actuarial Analyst V, Actuary Consultant V, Insurance Actuary V
Requirements and Responsibilities
Actuary V analyzes statistical data and applies mathematical models to assess risk, price insurance products, and support the financial soundness of the organization. Develops and maintains actuarial models to estimate reserves, premiums, and liabilities across lines of business. Being an Actuary V evaluates the probability and financial impact of future events such as claims, mortality, morbidity, and policyholder behavior. Prepares actuarial reports, rate filings, and reserve analyses to support pricing, regulatory, and financial reporting requirements. Additionally, Actuary V collaborates with underwriting, finance, and product teams to inform strategy and ensure adequate risk management. Monitors emerging trends, legislation, and industry developments that affect actuarial assumptions and outcomes. Requires a bachelor's degree. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. The Actuary V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Actuary V typically requires 10+ years of related experience.
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