Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Actuarial Fellow Job Description

Job Descriptions November 8, 2013

From the time a student plans their next step in college, they usually think about the course they would take for them to “test the waters” of a desired profession. Deciding on a profession is not generally easy. However, for those who prefer a challenging career and environment, the Actuarial Fellow profession is the perfect job for you.

If you have already obtained the necessary requirements in becoming a working Actuarial Fellow, it is better to look for a company where a position is offered, look at the Actuarial Fellow Job Description, and familiarize yourself with it. That way, you can prepare yourself for the task, duties and responsibilities you must take upon being hired and starting with your career. It is a way of ensuring that you will be capable of accomplishing all of your tasks, once you finally started.

The Role of Actuarial Fellow

An Actuarial Fellow describes their job as something that is challenging and keeps them interested all the time. It is also a job that gives people, who want to make the world better, have the chance to make some changes through the profession.

Generally, the Actuarial Fellow Job Description is concerned in balancing the 4 parties, which are the consumers, regulators, employers, and shareholders. All of their works entail complexity and working in the same manner. It is the Actuarial Fellow’s main role to balance the goals related to these four parties. It is also their main responsibility to be able to measure and manage all risks related to meeting these goals.

Duties and Responsibilities of an Actuarial Fellow

•Determine the impact of risks in an organization or business’s financial aspect.

•Utilize business, financial principles, and statistics and apply these to problems including health, life, annuities, pensions, health, and casualty insurance.

•Oversee other employees who are also working on actuarial duties.

•Design insurance and pension plans to make reviews about them. Together, with these tasks, it is their duty to calculate the premiums.

•Determine the rates of mortality, sickness, accident, retirement and disability. They also create probability tables for events like fire, unemployment and natural disasters based on statistical analysis of data and related information.

•Decide about the required premium rates and cash reserves, including the liabilities necessary for ensuring that payment will be made on future benefits.

•Determine the equitable basis for the distribution of surplus earnings, in relation to annuity contracts and participating insurance from mutual companies.

These are the roles, duties and responsibilities included on the Actuarial Fellow Job Description. For students who plan to pursue this profession, begin to familiarize yourself and strengthen your background in mathematics and statistics. Correspondingly, being an actuarial fellow entails both these two and success in choosing the profession can only happen if you have a solid background in the mentioned subjects, apart from your analytical skills.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
South University , Virginia Beach
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • 100% online programs at associate, bachelor’s, master’s, and doctoral level.*
  • Transfer up to 90 credits into an undergraduate degree program.
  • Up to 50% of your master’s degree can be transferred in to help maximize the credit you previously earned.
  • *Excludes licensure, certification, and some doctoral programs
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
2 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
1 Program(s) Found
  • Program areas include Culinary Arts, Culinary Management, and more
  • Students are taught cooking styles from around the globe, including Classical European, Asian, and Latin cuisine
  • Curriculum designed to prepare students for a career as a chef, with course topics that include Culinary Techniques, Management by Menu, and Nutrition
  • Alumni have appeared in reality competition shows such as Top Chef
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Work in the fascinating and rewarding field of psychology - earn your bachelor's or master's degree online with Grand Canyon University.
  • The College of Humanities and Social Sciences promotes research, creativity, ethical formation and inquiry through critical, analytical and interdisciplinary study.
  • GCU's bachelor's and master's in psychology degrees combine academic theory with practical application.
  • Gain a comprehensive study of human behavior within a Christian values-oriented environment designed to emphasize compassion and ethics.
  • Join a values-based community surrounded by compassion, ethics and research on human behavior.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • 100% online programs at associate, bachelor’s, master’s, and doctoral level.*
  • Transfer up to 90 credits into an undergraduate degree program.
  • Up to 50% of your master’s degree can be transferred in to help maximize the credit you previously earned.
  • *Excludes licensure, certification, and some doctoral programs
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!