Actuarial Fellow is responsible for applying mathematical analyses and financial principles to amend insurance problems. Applies probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Being an Actuarial Fellow determines premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. Typically works in either property and casualty, life and health insurance, or defined benefit plans. Additionally, Actuarial Fellow typically requires a bachelor's degree in statistics, mathematics, economics, or related. Typically reports to a manager. Actuarial Fellow's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement. (Copyright 2020 Salary.com)
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