Actuarial Consultant Salary
The average pay for an Actuarial Consultant is $89,030 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Experience has a moderate effect on salary for this job.
Job Description for Actuarial Consultant
Actuarial consultants are responsible for applying quantitative and analytical methods to projects for their organizations, as well as providing expert knowledge in actuarial functions to benefit business and services. They may also work in product/service development, expenses, or sales.Read More...
Actuarial consultants use a personal computer to run calculations, write specialized reports, and input data into databases and must be able to communicate well and organize financial resources into specific funds to cover company expenses. They must follow strict privacy regulations to respect clients' privacy, and also analyze data and calculate risks based on pricing factors.
These consultants must be proficient with spreadsheet and word processing software and familiar with database applications and a variety of risk programs. They may manage risk in a variety of scenarios and help use data to avoid crises in business environments and mitigate risks using research data. They use quantities from company performance, financial information, debts, liabilities, assets, and clients to form qualified opinions on potential improvements for the company, and should be organized and pay close attention to detail. They may make predictions using hard data for possible market-changes and patterns in consumption, and they should be able to multitask and prioritize projects as necessary. They must also have excellent knowledge of corporate acquisitions, risks in insurance matters, protecting management, and company welfare. A bachelor's degree in an actuary science is generally required for this position, and industry certifications are also helpful.
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