Log In

Register

Recover Password

2021 Hoboken, NJ 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 Hoboken, NJ

Salary

$130.4K

Growth

17%

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

How Much Do Actuaries Make in Hoboken, NJ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $75,460 $97,350 $130,360 $176,160 $208
Hourly Wage $36.28 $46.81 $62.67 $84.69 $100

How Much Do Actuaries Make in Hoboken, NJ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$75,460
$97,350
$130,360
$176,160
$208
Hourly Wage
$36.28
$46.81
$62.67
$84.69
$100

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.
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
  • 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.
  • Near Vision - Seeing details up close.
  • Written Comprehension - Reading and understanding what is written.
  • Oral Comprehension - Listening and understanding what people say.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Oral Expression - Communicating by speaking.
  • Problem Sensitivity - Noticing when problems happen.
  • Information Ordering - Ordering or arranging things.
  • Category Flexibility - Grouping things in different ways.
  • Written Expression - Communicating by writing.
  • Speech Clarity - Speaking clearly.
  • Selective Attention - Paying attention to something without being distracted.
  • Flexibility of Closure - Seeing hidden patterns.

What Are Typical Actuaries Skills? 2021

  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Mathematics - Using math to solve problems.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Reading Comprehension - Reading work-related information.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Systems Evaluation - Measuring how well a system is working and how to improve 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 Hoboken, NJ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
New Jersey 590 690 17% 50
United States 27,700 32,600 18% 2,000

What Is The Projected Employment For Actuaries in Hoboken, NJ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
New Jersey
590
690
17%
50
United States
27,700
32,600
18%
2,000

What Is The Required Actuaries Education & Experience? 2021

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

Actuaries Schools in Hoboken, NJ?

School Program Name Location Length / Graduates
Barnard College Applied Mathematics, General New York, NY 4 years: 0
Barnard College Statistics, General New York, NY 4 years: 1
4 years: 2
Bloomfield College Applied Mathematics, General Bloomfield, NJ 4 years: 4
Columbia University in the City of New York Mathematical Statistics and Probability New York, NY More than 4 years: 103
Columbia University in the City of New York Actuarial Science New York, NY More than 4 years: 88
Columbia University in the City of New York Statistics, General New York, NY 4 years: 12
4 years: 22
Less than one year: 0
More than 4 years: 457
More than 4 years: 6
Columbia University in the City of New York Applied Mathematics, General New York, NY 4 years: 1
4 years: 40
Less than one year: 0
More than 4 years: 19
More than 4 years: 5
CUNY Bernard M Baruch College Actuarial Science New York, NY 4 years: 1
4 years: 54
CUNY Bernard M Baruch College Statistics, General New York, NY 4 years: 2
4 years: 4
More than 4 years: 31
CUNY Brooklyn College Computational and Applied Mathematics Brooklyn, NY 4 years: 9

Actuaries Schools in Hoboken, NJ?

School
Program Name
Location
Length / Graduates
Applied Mathematics, General
New York, NY
4 years: 0
Statistics, General
New York, NY
4 years: 1
4 years: 2
Applied Mathematics, General
Bloomfield, NJ
4 years: 4
Mathematical Statistics and Probability
New York, NY
More than 4 years: 103
Actuarial Science
New York, NY
More than 4 years: 88
Statistics, General
New York, NY
4 years: 12
4 years: 22
Less than one year: 0
More than 4 years: 457
More than 4 years: 6
Applied Mathematics, General
New York, NY
4 years: 1
4 years: 40
Less than one year: 0
More than 4 years: 19
More than 4 years: 5
Actuarial Science
New York, NY
4 years: 1
4 years: 54
Statistics, General
New York, NY
4 years: 2
4 years: 4
More than 4 years: 31
Computational and Applied Mathematics
Brooklyn, NY
4 years: 9

Actuaries Jobs Near Me Hoboken, NJ.

Job Title Company Location Date Posted Federal Contractor
Health Consulting Actuarial Analyst- New York- College Program 2021 Marsh & McLennan Cos New York, New York 05/17/2021 No
Product Support Specialist - ClaimSearch Verisk Analytics/ URIX Jersey City, New Jersey 05/17/2021 No
Quantitative Strategies - Projection Modeling Quant (#177909) Credit Suisse New York, New York 05/17/2021 No
Sr Product Innovation Analyst Verisk Analytics/ URIX Jersey City, New Jersey 05/17/2021 No

Actuaries Jobs Near Me Hoboken, NJ.

Job Title
Company
Location
Date Posted
Federal Contractor
Marsh & McLennan Cos
New York, New York
05/17/2021
No
Verisk Analytics/ URIX
Jersey City, New Jersey
05/17/2021
No
Credit Suisse
New York, New York
05/17/2021
No
Verisk Analytics/ URIX
Jersey City, New Jersey
05/17/2021
No

Actuaries 2021 Salary Guide By State

Common Careers