#1
February 10th, 2016, 04:05 PM
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Actuary Fellow Salary
HI I would like to know the approximate salary Actuarial Fellow can earn as well as the job functions he has to perform?
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#2
February 10th, 2016, 04:05 PM
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Re: Actuary Fellow Salary
Job Description for Actuarial Fellow is responsible for applying mathematical analyses and financial principles to amend insurance problems. Typically works in either property and casualty or life and health insurance sectors. The person uses probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Calculates premiums, designs insurance plans, create probability charts as well as may aid in the calculation of necessary funds to ensure future payments of benefits. Requires the Fellow, Society of Actuaries (FSA) designation. Requires a bachelor's degree in area of specialty and minimum 10-12 years of experience in the field or in a related area. Actuaries are well remunerated. Experienced fellows have the prospective to earn from $150,000 to $250,000 annually, and many actuaries take home more than that. Compensation may vary considerably according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a fellowship designation functioning as a financial manager in the banking industry could earn a higher salary than another fellow operational in the health insurance industry. |
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