Actuarial consultant vs product development actuary

Differences between actuarial consultant and product development actuary duties and responsibilities

Actuarial consultant example responsibilities.

• Utilize SAS to manage and update the modeling dataset for both auto and home products.
• Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
• Learned and run rate indications.
• Train various new associates while transitioning to Medicaid.
• Implement new GAAP assumption into POLY system and regression test.
• Programme extensively in SAS on large databases also using JCL language.
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Product development actuary example responsibilities.

• Manage design control including FMEA risk analysis, surgeon clinical input documentation, design verification and validation activities.
• Generate nutrition information and ingredient statements for each product, according to FDA and international labeling regulations.
• Design and develop aircraft seal devices through engineering analysis, prototyping, risk assessment and appropriate qualification testing with customer expectation.
• Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.