Detail oriented
Actuarial Managers must pay attention to details when examining documentation.
Actuarial Managers
Descriptions & Duties
- Actuarial Managers carry out actuarial studies related to the company's operations. They supervise the preparation of valuations and reports as required. They also assist management in the formulation of product development and pricing.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:1 (Max:5)
Skill is rarely required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:4 (Max:5)
Skill is frequently required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:3 (Max:5)
Skill is basically required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:5 (Max:5)
Skill is required all the time
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:4 (Max:5)
Skill is frequently required
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:5 (Max:5)
Skill is required all the time
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:5 (Max:5)
Skill is required all the time
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:5 (Max:5)
Skill is required all the time
Trade Specific Competencies
Analytical skills
Actuarial Managers must evaluate information carefully and be able to make final decision.
General Requirements
Academic qualification
A recognised bachelor's degree, typically in actuarial science, statistics, mathematics, or other analytical field
Professional qualification
Professional actuarial qualification such as Fellow of the Society of Actuaries of the United States of America (FSA), Fellow of Canadian Institute of Actuaries (FCIA), Fellow of the Institute of Actuaries of England (FIA) or equivalent is preferable
Career Path & Salary
Private Sector
Monthly Salary $20,000-$50,000
Monthly Salary $30,000-$60,000
Monthly Salary $80,000-$100,000
Monthly Salary $70,000-$120,000
Work Environment
- Actuarial Managers typically work in an office setting and usually work normal office hours. Most actuaries work at insurance companies, where they help design policies and determine the premiums that should be charged for each policy.
