Actuary jobs in Maryland
Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary 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. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Actuary jobs
Consulting Actuary
- Bolton
-
Towson, MD
FULL_TIME
-
Job Title: Consulting Actuary/Sector Leader
Reports To: Growth, Talent, or Technical Leader (or President)
FLSA Status: Exempt
Department: Retirement
Location: Corporate
Summary
This is a senior level position supporting our actuarial services provided to our multiemployer clients, which requires significant, demonstrated success consulting to plan sponsors and/or trustees. This person needs to be an expert in their sector and working toward being a nationally recognized expert. This position will also entail business development responsibilities and likely management responsibilities.
This position will be the sector leader for our multiemployer team.
Essential Duties And Responsibilities – Consulting Actuary
The following list of duties and responsibilities are examples of the work successful candidates will be asked to perform. Candidates may not be involved with all of these functions as a regular part of their duties.- Serve as lead on client teams, oversee project management and client deliverables, and serve as main point of contact for clients.
- Support Senior Consulting Actuaries on large client teams.
- Primarily responsible for billing on client engagements.
- Manage junior staff deadlines, while providing coaching and guidance.
- Ensure compliance with internal quality control and peer review guidelines.
- Lead the preparation of proposals, publications, and presentations.
- Stay informed of changes to rules, legislation and regulations related to single employer, multiemployer, public sector pension plans, and/or PBGC.
The following list of duties and responsibilities are examples of the work successful candidates will be asked to perform for their Sector.
Managing Day to Day Operations (70%)- Provide lead consulting and client relationship management guidance to their sector that considers clients’ business priorities, strategic plans, and unique challenges.
- Assist with budgeting and forecasting for their sector,
- Engage in professional organizations related to their sector and develop technical mastery in the sector,
- Assist with new business activities,
- Identify new strategies for clients,
- Identify opportunities for efficiency in their sector,
- Enhance Bolton’s reputation in the sector, and
- Provide technical support to other colleagues in their sector.
- Support the talent leader with client assignments to staff;
- Manage projects to achieve or exceed clients’ expectations,
- Meet personal billable hours, revenue, sales, and recovery goals,
- Advise the Technical, Growth and Talent Leaders as well as the President of Bolton Retirement on sector specific issues.
- Collaborate with other practices to support cross selling.
- Collaborate with other sector leaders on implementing best practices across the retirement practice,
- Continuously develop their personal brand in the profession,
- Create and implement tactical plans for the sector.
- Assist the Growth, Talent, and Technical leaders with initiatives for their particular sector.
- Talent - Nurture a supportive work environment to foster employees’ personal growth and professional development; providing ongoing feedback and coaching for project team members.
- Growth - Assist with new business development, including attending/speaking at relevant industry conference and writing articles and insight pieces for Bolton’s website and outside publications, and assisting with
- Technical – Provide technical support and ideas to the technical leader.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience
Bachelor's degree (B. A.) from four-year college or university; minimum 15 years of significant actuarial experience with valuations, assumptions setting, experience analysis, plan design, strategic planning, and benefit program software; minimum of 10 years as a leading consulting actuary.
Experience Working With Multiemployer Clients Required.
Certificates and Licenses:
Enrolled Actuary or Associate of the Society of Actuaries. Fellow of the Society of Actuaries preferred.
Communication Skills
Ability to read, analyze, and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Ability to write speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.
Math Ability
Ability to comprehend and apply principles of advanced calculus, modern algebra, and advanced statistical theory. Ability to work with concepts such as limits, rings, quadratic and differential equations, and proofs of theorems.
Reasoning Ability
Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs, musical notes, etc.,) in its most difficult phases. Ability to deal with a variety of abstract and concrete variables.
Computer Skills
Proficient personal computer skills including electronic mail, record keeping, routine database activity, word processing, spreadsheet, graphics, etc.
Project Management
Strong time and project management skills. Ability to manage multiple projects and deadlines simultaneously.
Supervisory Responsibilities
Supervise/manage/direct the selection, training, development, appraisal, and work assignments of personnel.
Travel
Minimal overnight travel (up to 20%) by land and/or air.
Physical Demands
While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bolton is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status. - 2 Days Ago
Associate actuary
- WAHVE
-
Baltimore, MD
FULL_TIME
- Put your Insurance Experience to work FROM HOME! At WAHVE , we value significant insurance experience and want to revolutionize the way people think about phasing into retirement by offering qualified...
- 3 Days Ago
Consulting Actuary
- Bolton Partners Inc
-
Towson, MD
FULL_TIME
- Job Title: Consulting Actuary/Sector Leader Reports To: Growth, Talent, or Technical Leader (or President) FLSA Status: Exempt Department: Retirement Location: Corporate Summary: This is a senior leve...
- 3 Days Ago
Valuations Actuary - Life
- NorthPoint Search Group
-
Baltimore, MD
FULL_TIME
- Valuations ActuaryThe Actuary provides actuarial support across a broad range of actuarial and business needs for specific product lines.ResponsibilitiesThe Actuary, General may be responsible for any...
- Just Posted
Associate Actuary –Annuity Model Developer
- American General Life Insurance Company
-
Oxnard, MD
FULL_TIME
- Open to having this role be remote for the right candidate Who we are Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and tak...
- 2 Days Ago
US E-GPS Consulting - Govt Health Actuary Consultant - HC/OT (HP)
- Deloitte US
-
Baltimore, MD
FULL_TIME
- Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? Are you interested in helping clients drive alignment with their busi...
- 29 Days Ago
Actuary jobs at Popular Companies
Pricing Actuary
- JCW
-
- JCW is currently recruiting on behalf of a well-established P&C Insurance Company who are looking to add an associate ac...
- 6/11/2024 12:00:00 AM
Associate Actuary
- USAA
-
Phoenix, AZ
- Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
- 6/10/2024 12:00:00 AM
Associate Actuary
- USAA
-
Colorado Springs, CO
- Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
- 6/10/2024 12:00:00 AM
Actuary - Remote
- USAble Life
-
Little Rock, AR
- Description When it comes to making a meaningful difference in the lives of our customers and employees, USAble Life is ...
- 6/9/2024 12:00:00 AM
Actuary
- PRI Technology
-
Whitehouse Station, NJ
- Job Description Job Description Actuary My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
- 6/9/2024 12:00:00 AM
Enrolled Actuary
- Pension Associates Retirement Planning, LLC
-
Stamford, CT
- Job Description Job Description Pension Associates Retirement Planning LLC is a third party administration firm located ...
- 6/8/2024 12:00:00 AM
Associate Actuary
- JCW
-
- JCW is currently recruiting on behalf of a rapidly growing Property & Casualty Insurance Company who are looking to add ...
- 6/8/2024 12:00:00 AM
Associate Actuary
- JCW
-
- JCW is currently recruiting on behalf of a rapidly growing Specialty Insurance Company who are looking to add an associa...
- 6/7/2024 12:00:00 AM
About Maryland
Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east. The state's largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary.
Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$76,242 to $95,405
Most Popular Cities in Maryland for Actuary Jobs
What does an Actuary do?
Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019