Popular Actuary Duties and Skills

Bachelor's degree

• Definition : Degree awarded to students by universities or colleges at the completion of an undergraduate, post-high school course of study.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 80.6% of Actuary job postings on Indeed.

SQL

• Definition : Programming language used for interacting with data held in a relational database.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 44.3% of Actuary job postings on Indeed.

ASA

• Definition : Credential awarded by the Society of Actuaries upon completion of the first segment of requirements.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 37.5% of Actuary job postings on Indeed.

SAS

• Definition : Project management and business analytics software developed by the SAS Institute.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 28.7% of Actuary job postings on Indeed.

R

• Definition : A software environment and language for statistical computing.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 19.6% of Actuary job postings on Indeed.

Python

• Definition : An interpreted, open-source programming language.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 18% of Actuary job postings on Indeed.

VBA

• Definition : A programming language developed by Microsoft for use within existing Microsoft applications, such as Word and Excel.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 14.2% of Actuary job postings on Indeed.

Tableau

• Definition : Data visualization software built for business intelligence applications. Developed by Tableau.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 12% of Actuary job postings on Indeed.

Math

• Definition : Knowledge of or experience with general mathematical concepts.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 5.2% of Actuary job postings on Indeed.

Financial modeling

• Definition : Experience or knowledge of performing various types of financial modeling.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 4.7% of Actuary job postings on Indeed.

Predictive analytics

• Definition : Experience or knowledge of performing various methods of predictive analytics.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 4.6% of Actuary job postings on Indeed.

Power BI

• Definition : BI (business intelligence) and business analytics software from Microsoft.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 4.4% of Actuary job postings on Indeed.

Statistics

• Definition : Knowledge or experience in the field of statistics, from basic to advanced.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 3.5% of Actuary job postings on Indeed.

Financial analysis

• Definition : Skill in or experience with financial analysis.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 2.8% of Actuary job postings on Indeed.

Data collection

• Definition : Experience researching and gathering objective and accurate information relevant to subjects of interest.
• Years of experience most commonly required: 2-3
• How common is it? This skill is found in 2.7% of Actuary job postings on Indeed.

Underwriting

• Definition : Experience in assessing and undertaking financial risk in exchange for payment.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 2.6% of Actuary job postings on Indeed.

Forecasting

• Definition : Skill in or experience with estimating future financial outcomes.
• Years of experience most commonly required: 5-6
• How common is it? This skill is found in 2.3% of Actuary job postings on Indeed.

Statistical analysis

• Definition : Experience or knowledge of performing various methods of statistical analysis.
• Years of experience most commonly required: 2-3
• How common is it? This skill is found in 2.3% of Actuary job postings on Indeed.

Regression analysis

• Definition : Knowledge or experience using statistical modeling method for estimating relationships between variables.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 2.2% of Actuary job postings on Indeed.

Quantitative analysis

• Definition : Experience or knowledge of performing various types of quantitative analysis.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 2.1% of Actuary job postings on Indeed.

Visual Basic

• Definition : A programming language developed by Microsoft. Uses visual tools to create advanced applications.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 1.7% of Actuary job postings on Indeed.

Financial concepts

• Definition : Knowledge of and experience in articulating the principles, standards, and processes related to finance, ranging from basic fundamentals to advanced expertise.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 1.4% of Actuary job postings on Indeed.

Financial report writing

• Definition : Experience collecting, analyzing, and compiling financial information in a report for internal or external stakeholders.
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 1.3% of Actuary job postings on Indeed.

Financial acumen

• Definition : Knowledge of the relationship between financial principles that determine business growth and skill in applying that knowledge to making strategic business decisions..
• Years of experience most commonly required: 4-5
• How common is it? This skill is found in 1.3% of Actuary job postings on Indeed.

High school diploma or GED

• Definition : Degree granted at the completion of academic schooling typically covering grades 9-12, or a degree granted at the completion of testing certifying academic attainment equivalent to a high school education.
• Years of experience most commonly required: 1-2
• How common is it? This skill is found in 1.1% of Actuary job postings on Indeed.

Statistical software

• Definition : Computer programs, software, or applications used to conduct a range of statistical analyses.
• Years of experience most commonly required: 3-4
• How common is it? This skill is found in 1.1% of Actuary job postings on Indeed.

Negotiation

• Definition : Skill or experience with negotiation, typically in a business, financial, or legal context.
• Years of experience most commonly required: 7-8
• How common is it? This skill is found in 0.7% of Actuary job postings on Indeed.

Risk analysis

• Definition : Experience with or skills in identifying and preventing potential risks, such as business, financial, or security risks.
• Years of experience most commonly required: 4
• How common is it? This skill is found in 0.1% of Actuary job postings on Indeed.

Quantitative research

• Definition : Experience with or knowledge of the administration, principles, and practice of quantitative research. Skills in the collection and analysis of statistical and numerical data.
• Years of experience most commonly required: 0
• How common is it? This skill is found in 0% of Actuary job postings on Indeed.