Actuary Consultant II Salary in Farmington, Michigan

The Actuary Consultant II compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Being an Actuary Consultant II records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. In addition, Actuary Consultant II applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. Being an Actuary Consultant II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Working as an Actuary Consultant II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)

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