Job Openings for Retirement Actuaries

What is a Retirement Actuary you may ask? A retirement actuary is a person who analyzes statistics, business and finance trends and analyzes the data as it applies to retirement funds. The work done by Retirement Actuaries falls under the scope of the Employee Retirement Income Security Act (ERISA). Actuaries evaluate retirement plans that are governed by ERISA to determine if the plans are feasible and comply with fully with all Federal Regulations set forth in ERISA while remaining financially sound. While approximately 60% of actuaries work within the insurance industry, there are also Retirement Actuary job openings within the Federal government. The Federal jobs include openings within the Social Security Administration and Medicare.

What skills and training are necessary to become a retirement actuary you may ask. To begin with, an actuary must have excellent math skills as statistics are the basis of actuarial analysis. A degree in mathematics, finance, business or economics is generally a requirement for an actuary. On the job training is also a great asset in becoming a certified actuary. Many actuaries begin their careers moving through different aspects of the job such as doing research, preparing reports and data preparation. There are two organizations that sponsor the examinations that qualify actuaries for certification, the Society of Actuaries and Casualty Actuarial Society. There are many retirement actuary job openings available for certified actuaries. Certification as an actuary will substantially increase your value as a potential employee.

Besides looking for retirement actuary job openings in your local papers an excellent source for finding a job as a retirement actuary is visiting www.ActuarialCrossing.com. This site provides numerous retirement actuary job openings. Often more than 100 new jobs are listed each week. The page includes testimonials of participants who found jobs from searching through the retirement actuary job openings listed at www.ActuarialCrossing.com. This web site lists retirement actuary job openings in, among other places, Washington, D.C., New York City and Boston.

According to the U.S. Department of Labor, job openings for actuaries, including retirement actuary job openings, are expected to increase by 24% between 2006 and 2016 which is faster than that for other occupations. The Department of Labor also reports that the median income for an actuary was $82,800.00 in May 2006. While the actuary is an occupation that has an ever increasing number of well-paying job openings finding the right job for you can be difficult. Using a web site such as www.ActuarialCrossing.com can make your job search much easier as it streamlines the process with the easy-to-use search tools available on the site. You can search by location or by using keywords to narrow down your job search. Another search option is that you can narrow your job search by including only jobs for which you have the required years of experience. Another interesting search feature includes the option to filter out jobs listed by recruiters rather than employers themselves.

If you are interested in finance, statistics and economics and have strong math skills an actuarial job might be just the job for you. If you decide you are interested in a career as an actuary, look to www.ActuarialCrossing.com for retirement actuary job openings, information on other jobs for actuaries and actuarial news.

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Job Openings for Retirement Actuaries