An Actuarial Assistant takes responsibility for calculating the economic costs of risk, rating risk management strategies, and to hedge against financial losses. The job description entails compiling and computing quantitative data for statistical analysis which are used for risk and loss calculation and valuation. Other core duties are listed on the Actuarial Assistant Resume as – preparing database models and researching into the financial background of the clients; studying the client’s background, studying the financial and personal background, forecasting contingencies, devising investment policies, and calculating costs for reinsurance for clients.
Those seeking this job role must be able to portray on the resume a strong knowledge of mathematics, SQL database, statistics, and financial markets components. The person should possess excellent analytical skills and be able to work efficiently with complex investment models and be able to communicate with clients in a better way. A bachelor’s degree in the field of business finance, statistics, or mathematics is needed to take up this occupation.
Summary : Actuarial Assistant with 10 years of experience in Deciding to take the actuary P exam, and am currently studying for it. Providing general assistance to the actuarial management staff as needed. Performing actuarial reviews of Commercial Automobile Basic Limits Ratemaking, using data entry skills and Excel. Performing actuarial analyses of Increased Limits Factors for all Liability lines of business.
Skills : Biostatistics, Actuarial, Bilingual, Microsoft Word, Accounts Receivable, QuickBooks, Analytical, Honest.
Description :
Worked with multiple lines of insurance: Excess & Surplus, Environmental, and Professional Liability.
Performed monthly price monitoring.
Helped with maintaining and releasing pricing raters.
Know ledged and used of variety of reserving methods for quarterly and yearly closes.
Assisted with Data Warehouse design - transition of premium and loss database to SQL server from Excel.
Managed actuarial database in SQL.
Taught coworkers basics of SQL.
Experience
10+ Years
Level
Senior
Education
BS In Actuarial Science
Actuarial Assistant Resume
Summary : Actuarial Assistant professional with strong analytical perspective and broad industry experience encompassing the evaluation and selection of plan providers, investment services, plan administration, recordkeeping, regulatory compliance and plan document design. Provider evaluation, regulatory compliance, plan document services, plan administration, contract review, financial planning.
Skills : Managed Care Pricing, Excel, Word, Problem Solving, Mathematics, Reserve Estimation.
Description :
Performed actuarial engagements for state and federal government agencies, HMOs, healthcare providers, employer groups, and insurance companies.
Met and exceeded billable hour targets and total work expectations as defined by clients.
Established trustworthy rapport with clients, which resulted in ongoing or repeat business for the firm.
Developed premium rates, estimated claim reserves, priced new benefits, and performed all other actuarial assignments as requested for a state's High Risk Health Insurance Pool, which consisted of more than 3,000 individuals with chronic or other high risk medical conditions.
Examined the adequacy of reserves as reported in the annual statements of HMOs and insurance companies, which assisted state insurance departments with their HMO and insurance company examinations.
Developed actuarial projection models, which were used in the actuarial appraisal of international credit insurance operations for a major insurance company.
Resulted in the client selling off major lines of business.
Experience
7-10 Years
Level
Management
Education
BS In Mathematics
Actuarial Assistant Resume
Summary : Actuarial Assistant with 8 years of experience in Answering phones, Greeting clients and personnel, performed general office duties. Handling sensitive documents and information in a professional manner. Providing assistance to the Actuarial Department. Supporting 5-7 managers, scheduled travel arrangements, Catering, Expense Accounts, Conference Room Scheduling.
Skills : Microsoft Office Excel, Word, Outlook, PowerPoint, QuickBooks, Keyboarding.
Description :
Programmed interactive voice response using InterVoice/InVision Versions 1 and 2 software platform for annual and ongoing health and welfare enrollments.
Developed generic voice system to support Buck's BASIS defined benefit/defined contribution/health and welfare system.
Programmed interactive voice response using ScriptBuilder language on AT&T/Lucent Conversant for annual and ongoing health and welfare enrollments, defined contribution, and defined benefit pension plans.
Managed and produced personalized, comprehensive employee benefit statements (including health care, disability and death benefits, life insurance, accrued and projected pension and Social Security benefits).
Assisted in the production of annual re-enrollment forms (data and calculations), maintain salaried payroll interface, including manual calculations and adjustments to paycheck deductions, provide daily problem-solving guidance to clients and Buck's Participant Service Center.
Performed annual defined benefit and cash balance valuations, including data preparation, data and asset reconciliation, and preparation of Schedule B (Form 5500) and Schedule A (PBGC Form 1).
Performed quarterly valuations of age-and-service related profit sharing plan, including calculation of contributions, income and IRC Section 415 limits.
Experience
7-10 Years
Level
Management
Education
B.A. In Mathematics
Actuarial Assistant Resume
Summary : Actuarial Assistant is Utilizing skills in vba and excel to create a full encompassing and user friendly rating worksheet that is currently still the main resource for proprietary rating. Working alongside the actuarial manager in the pricing department and the program executive underwriter to construct a premium calculator for proprietary rated coverages in all lines of business.
Skills : Managed Care Pricing, Excel, Word, Problem Solving, Mathematics, Reserve Estimation.
Description :
Performed actuarial engagements for state and federal government agencies, HMOs, healthcare providers, employer groups, and insurance companies.
Met and exceeded billable hour targets and total work expectations as defined by clients.
Established trustworthy rapport with clients, which resulted in ongoing or repeat business for the firm.
Developed premium rates, estimated claim reserves, priced new benefits, and performed all other actuarial assignments as requested for a state's High Risk Health Insurance Pool, which consisted of more than 3,000 individuals with chronic or other high risk medical conditions.
Examined the adequacy of reserves as reported in the annual statements of HMOs and insurance companies, which assisted state insurance departments with their HMO and insurance company examinations.
Developed actuarial projection models, which were used in the actuarial appraisal of international credit insurance operations for a major insurance company.
Resulted in the client selling off major lines of business.
Experience
7-10 Years
Level
Management
Education
BS In Mathematics
Actuarial Assistant Resume
Headline : Actuarial Assistant with 6 years experience in the actuarial field, strong background in mathematics and data analysis, communication skills and proficiency with Microsoft Office Suite, especially Excel. For the past two years I have been studying to become a better preacher, which I do part-time. I am now seeking employment in the financial field, for which I believe my experience and skills make me qualified. I am honest, reliable, and a fast learner. I am confident that I can contribute successfully in such a role.
Skills : Financial Analysis, Planning.
Description :
Created and maintained precise and accurate models, charts and reports.
Assisted actuaries with pricing of products based on financial analysis.
Worked on project teams and made recommendations.
Improved and automated quarterly and monthly processes.
Monitored product and customer data for trends.
Developed spreadsheet models for diverse projects and analysis.
Gained considerable experience with Microsoft's Office Suite, esp.
Experience
5-7 Years
Level
Executive
Education
GED
Actuarial Assistant Resume
Objective : More than 5 years of experience providing solutions using analysis, complex modeling, forecasting, sustainment, and technical support combining areas of Information Technology, Mathematics, and Finance. Highly skilled in extracting, manipulating, and consolidating complex data sets from multiple relational databases (RDBMS) including but not limited to SQL, data warehouse, AS400, Report Builder, and Business Objects.
Provided Actuarial Analysis to large retirement, insurance, and investment company.
Produced valuations and other special studies to support multi-million dollar retirement and insurance programs using Actuarial, statistical, and quantitative data management skills and expertise.
Performed various complex calculations for senior management with high visibility.
Interpreted and explained Retirement Plan provisions under related legal and regulatory requirements to participants and employer representatives as well as interpreting IRS Code and Regulations.
Led task force for implementation of new system in Actuarial Division.
Responsible for various project teams for testing the development of programs, queries, databases, tables, and retirement and insurance systems.
Contributed to the development of in-house Actuarial expertise through participation in Actuarial study program.
Experience
2-5 Years
Level
Junior
Education
B.S. In Mathematics
Actuarial Assistant Resume
Objective : Detail oriented, conscientious and friendly mathematician with varied job history offers unique skillset for financial analyst position. Superior abilities include advanced Microsoft Excel and Access skills along with knowledge of Epic Hyperspace, EPSi software, Peoplesoft and BI platform (SAP). Working closely with underwriters to review renewal rates for all divisions under Berkley Custom.
Skills : Microsoft Office, Advanced Microsoft Excel, Epic, EPSi, SAP.
Description :
Ensured that retirement plans were in compliance with DOL Regulations and IRS Code.
Performed annual compliance testing and statistics on retirement plans which encompassed up to 5000 participants.
Devised and created plan documents and submission materials for IRS Approval.
Requested pertinent data from clients, checked data for accuracy and re-requested when appropriate.
Dealt with IRS and DOL agents on plan issues.
Collaborated with accounting firm auditors.
Assisted in Rollover projects in the area of programming the mapping from old to new plans and analyzing the resulting rate changes.
Experience
2-5 Years
Level
Executive
Education
Master Of Arts In Mathematics
Actuarial Assistant Resume
Objective : Talented, analytical actuarial graduate with a strong academic background in Actuarial Science, Statistics and Finance and 5 actuarial exams passed. Ability to implement data cleaning, reconciliation, management and model building using multiple software programs. Strong verbal, listening and writing communication skills in English and Mandarin.
Worked on data from commercial general liability, contractors pollution liability and errors and omissions policies.
Cleaned raw premium and loss data with the use of statistical methods.
Corrected errors and miscoding's and combined premium and loss from two companies together by PY experience.
Created various data cuts on premium and loss, such as subline, policy type, revenue, and hazard.
Built loss triangles on various bases, such as occurrence and claims made, and reviewed loss development patterns.
Calculated and reviewed loss ratios by various data cuts to determine if there were sectors of the portfolio needing additional rate or coverage restrictions.
Assisted in analyses of Experience and Schedule Rating Plans, using data entry skills, MS Word, Excel, and PowerPoint.
Experience
2-5 Years
Level
Executive
Education
Master Of Arts In Mathematics
Actuarial Assistant Resume
Objective : Actuarial Assistant professional with strong analytical perspective and broad industry experience encompassing the evaluation and selection of plan providers, investment services, plan administration, recordkeeping, regulatory compliance and plan document design. Provider evaluation, regulatory compliance, plan document services, plan administration, contract review, financial planning.
Skills : Managed Care Pricing, Excel, Word, Problem Solving, Mathematics, Reserve Estimation.
Description :
Performed actuarial engagements for state and federal government agencies, HMOs, healthcare providers, employer groups, and insurance companies.
Met and exceeded billable hour targets and total work expectations as defined by clients.
Established trustworthy rapport with clients, which resulted in ongoing or repeat business for the firm.
Developed premium rates, estimated claim reserves, priced new benefits, and performed all other actuarial assignments as requested for a state's High Risk Health Insurance Pool, which consisted of more than 3,000 individuals with chronic or other high risk medical conditions.
Examined the adequacy of reserves as reported in the annual statements of HMOs and insurance companies, which assisted state insurance departments with their HMO and insurance company examinations.
Developed actuarial projection models, which were used in the actuarial appraisal of international credit insurance operations for a major insurance company.
Resulted in the client selling off major lines of business.
Experience
2-5 Years
Level
Executive
Education
BS In Mathematics
Actuarial Assistant Resume
Objective : Analytical and highly driven professional with 1 year of experience and upcoming master's degrees in Actuarial Science and Mathematical Risk Management. Thorough experience with Modeling and Valuation using MG-ALFA, including cash-flow analyses determining the effect of financial events as it relates to life insurance and annuity. Honor student and recipient of the Robert W. Batten Actuarial Science Award.
Skills : Microsoft Excel, MG-ALFA, SQL, VBA, COBOL, Cash-flow Testing.
Description :
Calculated best-estimate liability (BEL) and Solvency Capital Requirement (SCR) for impact study regarding Solvency II.
Performed annual liability adequacy test (LAT).
Calculated value of existing business and new business for company's embedded value (EV) quarterly.
Provided timely actuarial analyses to facilitate confident decision-making by supporting impact studies regarding managerial environment changes, such as low-interest rate environment and an introduction of IFRS.
Collaborated with treasury team to estimate future net investment income yield.
Developed economic and actuarial assumptions and implemented validation and sensitivity test.
Revised GASB proposals with information for new, potential clients Retiree Medical Actuarial Valuations: preliminary work on mid-cycle or full valuation reports, emailed clients for FYE data, entered FYE information into an excel program which spit out new data, entered the new data into the mid-cycle or full valuation report laying out the city's/county's/town's/village's costs Accomplishments With hands-on experience, I learned in depth what an actuary does daily.
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