An associate actuary is an individual involved in finance management who deals with the pricing of products to maximize profit. Financial actuaries use statistics and reason to logically estimate financial outcomes based on probability. An associate actuary job typically requires at least a bachelor's degree and experience developing and pricing products; preparing financial reports and projections; developing marketing agreements with institutional clients; preparing annual statements and assisting with long-term business planning; and conducting experience studies comparing a client's mortality, morbidity, expense, and investment experience with industry statistics.
Associate actuaries are also the analytical backbone of successful businesses’ financial security and profit maximizing programs. Financial actuaries are the brains behind setting the prices on all of a given company’s products. This is an essential contribution that allows average Americans to happily live their daily lives without having to worry too much about their financial futures.
Indeed, the services provided by financial actuaries act as safeguards against life's economic catastrophes. Actuaries provide detailed investment insights that help ensure that our financial and other non-liquid assets, such as homes and vehicles, are safe and free from economic woes. The work of actuaries is of indirect benefit to us all. Actuaries work in multiple sectors of the economy but are more heavily represented in the financial services sector. Companies in this sector range from insurance companies to investment firms such as commercial banks, investment banks, and retirement funds.
Successful associate actuaries need to possess the ability to manage assets and liability, and to apply their knowledge of consumers to product pricing and valuation. Skilled associate actuaries possess strong analytical skills, business knowledge, and a keen understanding of human behavior. More specifically, associate actuaries have to be able to look at the big picture — including elements of financial analysis, asset selection, stock selection, plan implementation, and the ongoing monitoring of investments and possible price pros and cons.
Associate actuaries are sought out by respectable and experienced businesses to maximize their profits. These businesses are looking for long-term returns on their investments. This is a very important factor in hiring an associate actuary. An associate actuary, at least in most associate actuary positions, will be responsible for scrutinizing and evaluating product pricing, performance, and profitability. The whole point of business and investments is to gain positive returns, and if an associate actuary is fundamentally sound at aiding in this crucial objective, then that actuary will have numerous actuarial job openings waiting.
The demand for successful associate actuaries is always very high. This means that associate actuary job openings are definitely out there. A great way to become noticed and secure potential associate actuary job openings is through ActuarialCrossing.com. The site lists numerous high-paying associate actuary job openings from professional employers.
ActuarialCrossing.com boasts many benefits, including a comprehensive collection of researched job openings, financial actuarial job openings from all the Fortune 500 companies, and associate actuarial job openings from every career site in the United States. ActuarialCrossing.com is the top actuarial job-opening website in the United States, using over 500 trained research analysts to track down exceptional actuarial jobs.
If you are an actuary seeking a challenging and rewarding career as an actuary specializing in finances and monetary management, then ActuarialCrossing.com is an ideal place for you to start your search.
