Log In

Register

Recover Password

2020 Georgia Actuaries Salary Guide

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Actuaries Salary in Georgia

Salary

$102.9K

Growth

24%

Bright Outlook

Bright

Green

No

Actuaries Job Description

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Also known as:

Actuarial Associate, Pricing Analyst, Health Actuary, Actuarial Consultant, Product Development Actuary, Actuarial Analyst, Pricing Actuary, Consulting Actuary, Actuary, Retirement Actuary

How Much Do Actuaries Make in Georgia? 2020

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $59,270 $77,250 $102,870 $138,020 $176,510
Hourly Wage $28.50 $37.14 $49.46 $66.36 $84.86

How Much Do Actuaries Make in Georgia? 2020

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$59,270
$77,250
$102,870
$138,020
$176,510
Hourly Wage
$28.50
$37.14
$49.46
$66.36
$84.86

Actuaries Tasks

  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
  • Negotiate terms and conditions of reinsurance with other companies.
  • Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
  • Determine policy contract provisions for each type of insurance.
  • Manage credit and help price corporate security offerings.
  • Explain changes in contract provisions to customers.

What Activities Do Actuaries Do?

  • Manage financial activities of the organization.
  • Manage financial activities of the organization.
  • Develop organizational goals or objectives.
  • Analyze health-related data.
  • Analyze data to identify trends or relationships among variables.
  • Negotiate contracts with clients or service providers.
  • Collaborate with others to develop or implement marketing strategies.
  • Manage financial activities of the organization.
  • Manage financial activities of the organization.
  • Manage financial activities of the organization.
  • Manage financial activities of the organization.
  • Provide customer service to clients or users.

Typical Actuaries Knowledge?

  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

What Are Typical Actuaries Abilities?

  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Number Facility - Adding, subtracting, multiplying, or dividing.
  • Deductive Reasoning - Using rules to solve problems.
  • Oral Comprehension - Listening and understanding what people say.
  • Written Comprehension - Reading and understanding what is written.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Near Vision - Seeing details up close.
  • Category Flexibility - Grouping things in different ways.
  • Problem Sensitivity - Noticing when problems happen.
  • Information Ordering - Ordering or arranging things.
  • Oral Expression - Communicating by speaking.
  • Written Expression - Communicating by writing.
  • Speech Clarity - Speaking clearly.
  • Flexibility of Closure - Seeing hidden patterns.
  • Selective Attention - Paying attention to something without being distracted.

What Are Typical Actuaries Skills? 2020

  • Mathematics - Using math to solve problems.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Reading Comprehension - Reading work-related information.
  • Systems Evaluation - Measuring how well a system is working and how to improve it.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Speaking - Talking to others.
  • Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
  • Active Learning - Figuring out how to use new ideas or things.
  • Writing - Writing things for co-workers or customers.

What Are Typical Actuaries Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Investigative - Occupations with Investigative interests frequently involve working with ideas, and require an extensive amount of thinking. They often involve research and figuring out problems mentally.

What Is The Projected Employment For Actuaries in Georgia? 2020

Location 2018 Employment 2028 Employment Percent change Annual projected job openings
Georgia 240 300 24% 20
United States 25,000 30,000 20% 2,200

What Is The Projected Employment For Actuaries in Georgia? 2020

Location
2018 Employment
2028 Employment
Percent change
Annual projected job openings
Georgia
240
300
24%
20
United States
25,000
30,000
20%
2,200

What Is The Required Actuaries Education & Experience? 2020

  • Bachelor's degree
  • No work experience
  • More than 1 year on-the-job training

Actuaries Schools in Georgia?

School Program Name Location Length / Graduates
Atlanta Metropolitan State College Applied Mathematics, General Atlanta, GA 4 years: 2
Emory University Mathematics and Statistics Atlanta, GA 4 years: 9
Emory University Statistics, General Atlanta, GA 4 years: 28
Emory University Applied Mathematics, General Atlanta, GA 4 years: 45
Georgia Institute of Technology-Main Campus Applied Mathematics, General Atlanta, GA 4 years: 0
Georgia Institute of Technology-Main Campus Statistics, General Atlanta, GA More than 4 years: 26
Georgia State University Actuarial Science Atlanta, GA 4 years: 49
More than 4 years: 40
Kennesaw State University Statistics, General Kennesaw, GA More than 4 years: 24
Kennesaw State University Applied Mathematics, General Kennesaw, GA 4 years: 1
University of Georgia Actuarial Science Athens, GA Less than one year: 47

Actuaries Schools in Georgia?

14 Georgia
School
Program Name
Location
Length / Graduates
Applied Mathematics, General
Atlanta, GA
4 years: 2
Mathematics and Statistics
Atlanta, GA
4 years: 9
Statistics, General
Atlanta, GA
4 years: 28
Applied Mathematics, General
Atlanta, GA
4 years: 45
Applied Mathematics, General
Atlanta, GA
4 years: 0
Statistics, General
Atlanta, GA
More than 4 years: 26
Actuarial Science
Atlanta, GA
4 years: 49
More than 4 years: 40
Statistics, General
Kennesaw, GA
More than 4 years: 24
Applied Mathematics, General
Kennesaw, GA
4 years: 1
Actuarial Science
Athens, GA
Less than one year: 47

Actuaries Jobs Near Me Georgia.

Job Title Company Location Date Posted Federal Contractor

Actuaries Jobs Near Me Georgia.

Actuaries 2020 Salary Guide By State

Common Careers