Actuarial Fellow 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 Actuarial Fellow 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, Actuarial Fellow 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. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)
OUR MISSION
To foster accountability and transparency in Louisiana government by providing the Legislature and others with audit services, fiscal advice, and other useful information.
OUR CORE VALUES
Independence – We are independent in fact and appearance, objective and nonpartisan.
Excellence – We believe in doing our very best at everything we do.
Professionalism – We hold ourselves to the highest level of standards, competence, and character.
Credibility – We are accurate, reliable, responsive, and accountable.
Integrity – We maintain steadfast adherence to strict ethical standards.
Profile of Position and Skills
The Associate Actuary position is an experienced position requiring the use of intuition, logic, analytical ability, technical knowledge, communication skills, and organizational skills to perform highly complex actuarial work. Work involves providing professional actuarial advice and consulting, participating in the development and implementation of improved actuarial policies and procedures, and managing special research assignments.
Supervision Received
An Associate Actuary will receive limited supervision with considerable latitude for the use of initiative and independent judgement.
Supervision Exercised
An Associate Actuary may supervise the work of other members of the Actuarial Services team.
Essential Competencies/Skills
Examples of Work
Minimum Qualifications
Other Duties & Responsibilities
The above statements are intended to describe the general nature and level of the work being performed by individuals assigned to this position. They are not an exhaustive list of all duties and responsibilities. The absence of specific statements of duties does not exclude those tasks from the position if the work is similar, related to, or a logical assignment for the position.