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The Actuarial Analyst II applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Conducts analysis, pricing and risk assessment to estimate financial outcomes. Being an Actuarial Analyst II incumbents typically pursuing an Associate, Society of Actuaries (ASA) designation. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. In addition, Actuarial Analyst II requires a bachelor's degree of accounting or finance. Typically reports to a supervisor or a manager. Being an Actuarial Analyst II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as an Actuarial Analyst II typically requires 2 to 4 years of related experience.
The FP & A Analyst II provides analysis for forward-looking financial and business-related projects. Responsible for the preparation, coordination, and documentation of financial analysis projects such as financial and expense performance, rate of return, depreciation, working capital, and investments. Being a FP & A Analyst II is responsible for the reconciliation of internal accounts. Prepares forecasts and analysis of trends in manufacturing, sales, finance, general business conditions, and other related areas. In addition, FP & A Analyst II identifies trends and developments in competitive environments and presents findings to senior management. Requires a bachelor's degree. Typically reports to a supervisor or manager. Being a FP & A Analyst II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as a FP & A Analyst II typically requires 2 to 4 years of related experience.
A quantitative analyst (or, in financial jargon, a quant) is a person who specializes in the application of mathematical and statistical methods to financial and risk management problems. The occupation is similar to those in industrial mathematics in other industries.
Although the original quantitative analysts were "sell side quants" from market maker firms, concerned with derivatives pricing and risk management, the meaning of the term has expanded over time to include those individuals involved in almost any application of mathematics in finance, including the buy side. Examples include statistical arbitrage, quantitative investment management, algorithmic trading, and electronic market making.
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