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Actuarial analyst skills for your resume and career

Updated January 8, 2025
5 min read
Quoted expert
Dr. Maria Mayorga PhD
Actuarial analyst example skills
Below we've compiled a list of the most critical actuarial analyst skills. We ranked the top skills for actuarial analysts based on the percentage of resumes they appeared on. For example, 13.9% of actuarial analyst resumes contained statistical analysis as a skill. Continue reading to find out what skills an actuarial analyst needs to be successful in the workplace.

15 actuarial analyst skills for your resume and career

1. Statistical Analysis

Here's how actuarial analysts use statistical analysis:
  • Compiled competitor data and performed statistical analysis to assist management in the decision making process.
  • Presented results of statistical analysis to peers

2. SAS

SAS stands for Statistical Analysis System which is a Statistical Software designed by SAS institute. This software enables users to perform advanced analytics and queries related to data analytics and predictive analysis. It can retrieve data from different sources and perform statistical analysis on it.

Here's how actuarial analysts use sas:
  • Verified hospital exposure weights by using SAS to determine interactions between demographic and hospital professional liability data.
  • Developed SAS programs to automate analysis correcting extant errors resulting from arduous manual processes.

3. Statistical Data

Statistical data is a numerical data collected by censuses and/or survey from respondents, or from administrative sources to be edited, imputed, aggregated, and/or used in the compilation and production of official statistics.

Here's how actuarial analysts use statistical data:
  • Collected and processed economic and statistical data using econometric and sampling techniques.
  • Compiled statistical data, implementing processes to streamline monthly calculations for upwards of $1 Billion in annual Medical Insurance premiums.

4. VBA

Visual Basic for Applications or, as it is commonly shortened to, VBA is a certain method of using Microsoft's event-driven programming language known as Visual Basic.

Here's how actuarial analysts use vba:
  • Generated quarterly program business profitability reports using Excel and VBA.
  • Performed extensive and ongoing updates and maintenance to Medicare pricing & claims models using SQL, VBA, Excel and Access.

5. Actuarial Models

Actuarial models are the statistical, mathematical, financial, or scientific representation of the relationship among real-world events, variables, or entities that contain elements based upon several interrelated assumptions to derive estimates and guide decisions.

Here's how actuarial analysts use actuarial models:
  • Supported reinsurance purchasing decision by assisting Senior Actuarial Analysts in the development of statistical and actuarial models.
  • Perform quantitative analysis of actuarial, financial and costs data using actuarial models.

6. PowerPoint

Here's how actuarial analysts use powerpoint:
  • Conducted meetings and made Microsoft PowerPoint presentations to senior management from Actuarial and Underwriting departments.
  • Present findings and recommendations, via Microsoft PowerPoint presentation, from research projects to senior management within the organization.

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7. Actuarial Analysis

Here's how actuarial analysts use actuarial analysis:
  • Translated technical results of actuarial analysis for life insurance products into a business format for presentation.
  • Improved actuarial analysis to more accurately reflect historical data.

8. Medicaid

Here's how actuarial analysts use medicaid:
  • Forecast Revenue and Costs based on analyzing projected membership figures and current data for the Oregon and Washington Medicaid service area.
  • Assisted in Centers for Medicare & Medicaid Services (CMS) audits and bid reviews of Medicare plans.

9. Math

Here's how actuarial analysts use math:
  • Applied math to improve programs: Read and interpreted Rule & Rate Manuals.

10. Strong Analytical

Here's how actuarial analysts use strong analytical:
  • Demonstrated strong analytical and business problem solving skills; able to understand complex business system functionality and develop strategies.
  • Applied strong analytical and organizational skills including thoroughness and attention to detail to accommodate changing priorities and work assignments.

11. Data Analysis

Here's how actuarial analysts use data analysis:
  • Performed policy data analysis to determine how much rate modification had been reflected in renewed policies.
  • Acted as database developer and performed data analysis for a major life insurance company.

12. Product Development

Product development is the complete procedure of creating a product from concept until release of the final product. Product development has many stages after which a product is released into the market. Identifying the need, creating the opportunity, conceptualizing a product, and providing a solution, all are different stages of product development.

Here's how actuarial analysts use product development:
  • Represented the plan's Finance Department during IHA management meetings entailing numerous decisions involving policy and product development planning and implementation.
  • Conducted actuarial/statistical research projects with findings applied to product development and improvement.

13. Analyze Data

Analyze data or data analysis refers to the practice of studying, organizing, and transforming data to make it more useful. It also includes the cleansing of non-useful information which helps in better decision making regarding any particular matter. Analyze data is a practice that is used widely in the field of business, social sciences, and science.

Here's how actuarial analysts use analyze data:
  • Analyze data by utilizing knowledge of Access.
  • Used statistical models to analyze data and calculate the probability of and costs associated with loss of revenue

14. GAAP

Here's how actuarial analysts use gaap:
  • Participated in periodic GAAP and Statutory reserve analyses.
  • Prepare Premium and Commission Estimates every quarter; used as input by colleagues to prepare Statutory and GAAP estimates.

15. Financial Analysis

Here's how actuarial analysts use financial analysis:
  • Prepared actuarial rate indications and developed systems and spreadsheets to perform complex financial analysis.
  • Provide accurate and timely data and financial analysis on various actuarial/financial projects.
top-skills

What skills help Actuarial Analysts find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What actuarial analyst skills would you recommend for someone trying to advance their career?

Dr. Maria Mayorga PhDDr. Maria Mayorga PhD LinkedIn profile

Director and Goodnight Distinguished Chair in Operations Research, North Carolina State University

In the coming years, a strong foundation in mathematical modeling and statistics will continue to be important, but as the use of AI and machine learning grows, associates will need to know what the best tool is for the job and be able to program effectively. Another skill is communicating complex information using visualizations or in ways that lay audiences can understand.
Do you want to know more?
Read more about what experts have to say about actuarial analyst

List of actuarial analyst skills to add to your resume

Actuarial analyst skills

The most important skills for an actuarial analyst resume and required skills for an actuarial analyst to have include:

  • Statistical Analysis
  • SAS
  • Statistical Data
  • VBA
  • Actuarial Models
  • PowerPoint
  • Actuarial Analysis
  • Medicaid
  • Math
  • Strong Analytical
  • Data Analysis
  • Product Development
  • Analyze Data
  • GAAP
  • Financial Analysis
  • Statutory Reporting
  • IBNR
  • Data Collection
  • Trend Analysis
  • Rate Filings
  • Financial Statements
  • Actuarial Support
  • ACA
  • Competitive Analysis
  • Projection
  • Trend Forecasting
  • Collective Bargaining
  • Plan Design
  • Calculation
  • CMS
  • Financial Projections
  • Rate Changes
  • Pivot Tables
  • SQL Server
  • Medicare Advantage
  • Financial Data
  • Java
  • Extraction
  • Loss Ratio
  • Delta
  • Actuarial Valuations
  • Government Filings
  • Data Warehouse

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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