Actuarial Jobs in Sioux Falls, SD
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.
This leadership role oversees all product pricing, product performance, risk management, underwriting and corporate functions such as estimations, reinsurance, and financial planning & analyst (FP&A...
Demographic Data for Sioux Falls, SD
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Salary for Actuarial Jobs in Sioux Falls, SD
Highest Education Level
Actuarials in Sioux Falls, SD offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Actuarial position
- General Liability
- Personal Lines
- Property and Casualty Insurance
- Umbrella Insurance
- Annuities
- Employee Benefits
- Underwriting
- Claims
- Generally Accepted Accounting Principles
- Workers' Compensation
- Medicaid
- Fraud Investigation
- Financial Modeling
- Medicare
- Proposals
- Financial Analysis
- Financial Reporting
- Product Development
- Estimating
- Tableau
- Reimbursement
- Microsoft Power BI
- Risk Management
- Decision Making
- Finance
- SQL
- Analytical Skills
- Accounting
- Python
- Auditing
- Consulting
- Strategic Planning
- Presentation
- Employee Development
- Mentoring
- Flexibility
- Data Analysis
- Collaboration
- Reporting
- Documentation
- Bachelor's Degree
- Microsoft PowerPoint
- Sales
- Microsoft Office
- Problem Solving
- Project Management
- Microsoft Excel
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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