Actuarial Jobs in Royal Oak, MI

An Actuary in the insurance industry plays a crucial role in managing risk. They use mathematics, statistics, and financial theory to study uncertain future events, especially those concerning insurance and pension programs. They help design insurance policies, pension plans, and other financial strategies by estimating the likely economic impact of various events such as sickness, accidents, natural disasters, and retirement. Actuaries are tasked with determining the potential financial risks of these events and advising companies on how to minimize such risks.

Actuaries must possess strong analytical skills, business knowledge, and an understanding of human behavior to design and implement business strategies. They typically need to have a bachelor's degree and must pass a series of exams to become certified professionals. The two primary actuarial societies in the U.S. are the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). To become an Actuary, a person could have roles such as an Actuarial Intern or Actuarial Analyst. They might also come from a background in Data Analysis or Statistics. The progression to becoming an Actuary requires rigorous exam preparation and practical experience in the field.

1-9 of 9 Jobs

Health Actuary Manager

  • Detroit, MI (10 miles from Royal Oak, MI)
  • 4 days ago
  • Detroit, MI (10 miles from Royal Oak, MI)
  • 4 days ago

consulting activities, as required Qualifications Required: Bachelor's degree 6+ years of Health Actuary experience Successfully passed 5 actuarial exams Limited immigration sponsorship may be available...

US E - Consulting Services - Health Actuary Manager - HC/IIO

  • Detroit, MI (10 miles from Royal Oak, MI)
  • 6 days ago
  • Detroit, MI (10 miles from Royal Oak, MI)
  • 6 days ago

consulting activities, as required Qualifications Required: Bachelors degree 6+ years of Health Actuary experience Successfully passed 5 actuarial exams Limited immigration sponsorship may be available...

Senior Actuary

  • Center Line, MI (5 miles from Royal Oak, MI)
  • 17 days ago
  • Center Line, MI (5 miles from Royal Oak, MI)
  • 17 days ago

strategy Handle large account pricing referrals Collaborate continuously with Underwriting to support strategic initiatives Support new product development What You Bring: 7-10 years of experience in the property-casualty...

Senior Actuary, Primary Casualty

  • Center Line, MI (5 miles from Royal Oak, MI)
  • 22 days ago
  • Center Line, MI (5 miles from Royal Oak, MI)
  • 22 days ago

initiatives Develop and enhance rating models Contribute to planning and portfolio strategy Monitor portfolio pricing and risk Support new product development What You Bring: 7-10 years of experience in the property-casualty...

Actuary, Insurance - Financial & Specialty Lines

  • Center Line, MI (5 miles from Royal Oak, MI)
  • 22 days ago
  • Center Line, MI (5 miles from Royal Oak, MI)
  • 22 days ago

initiatives Develop and enhance rating models Contribute to planning and portfolio strategy Monitor portfolio pricing and risk Support new product development What You Bring: 5-7 years of experience in the property-casualty...

Senior Actuary

  • Warren, MI (8 miles from Royal Oak, MI)
  • 45+ days ago
  • Warren, MI (8 miles from Royal Oak, MI)
  • 45+ days ago

New product development Qualifications, Education & Experience: 7-10 years of experience in the property-casualty insurance industry with significant commercial line pricing experience FCAS Excel expertise...

Actuarial Analyst - Pricing

  • Detroit, MI (10 miles from Royal Oak, MI)
  • 60+ days ago
  • Detroit, MI (10 miles from Royal Oak, MI)
  • 60+ days ago

related field 4 or more Casualty Actuarial Society exams passed 2+ years of experience in actuarial roles; exposure to advanced ratemaking and/or reserving a plus Experience with property & casualty...

US E - Consultative Offerings - P&C Actuary Manager - HC/IIO

  • Detroit, MI (10 miles from Royal Oak, MI)
  • 90+ days ago
  • Detroit, MI (10 miles from Royal Oak, MI)
  • 90+ days ago

Qualifications Required: Bachelors degree 6+ years of P&C Actuary experience Successfully passed 5 actuarial exams Limited immigration sponsorship may be available....

P&C Actuary Manager

  • Detroit, MI (10 miles from Royal Oak, MI)
  • 90+ days ago
  • Detroit, MI (10 miles from Royal Oak, MI)
  • 90+ days ago

Qualifications Required: + Bachelor's degree + 6+ years of P&C Actuary experience + Successfully passed 5 actuarial exams + Limited immigration sponsorship may be available. + Ability to travel 0-50%...

Demographic Data for Royal Oak, MI

Moving to Royal Oak, MI? Find some basic demographic data about Royal Oak, MI below.


Local
National
58,247
1,681
Medium

Actuarial Online Courses and Training Opportunities

iHireInsurance curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Introduction to Actuarial Science
This course readies you for a career as an actuary in finance, investments, banking or insurance. You may have heard of actuarial science, or you might even know an actuary, but do you know what...
actuarial
:... 5 : :.: :.: :.: :..: :.
actuarial-intro
( )... ( )..:. ( 1975) / ( 1983) ( 1987). 23. 10. /., ( ) 1993.

Title Synonyms

Users interested in this job title also searched for the following job title


Salary for Actuarial Jobs in Royal Oak, MI

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireInsurance research efforts.

Highest Education Level

Actuarials in Royal Oak, MI offer the following education background
Bachelor's Degree
53.4%
Master's Degree
22.4%
High School or GED
6.6%
Vocational Degree or Certification
6.2%
Associate's Degree
6.1%
Doctorate Degree
3.6%
Some College
1.4%
Some High School
0.2%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Actuarials in Royal Oak, MI
None
34.4%
2-4 years
18.8%
Less than 1 year
15.6%
4-6 years
12.5%
10+ years
9.4%
1-2 years
6.3%
8-10 years
3.1%


Other Career Titles

Here are some other career titles that require similar skills



Actuarial Related Career Advice Articles

Insurance agent helping clients
Hot Jobs in the Insurance Industry

Job market trends should always be taken into consideration during a job search, and seeking a job within the insurance industry is no different. If you are making a career change, two areas within the insurance industry worth looking into are Technology and Sales.

Read article »