Actuarial technician vs product development actuary

Differences between actuarial technician and product development actuary duties and responsibilities

Actuarial technician example responsibilities.

• Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
• Design the migration of SAS datasets and other data to new UNIX box.
• Develop and maintain statistical models to modify policy rates and coverages using SAS.
• Compile, analyze and verify census data and information need in the calculation of reinsurance premiums.
• Assist in the creation and preside over presentations, utilizing and maintaining the required projection equipment for meetings.
• Take ownership of quarterly Medicaid cost benefit ratio dashboard by compiling several state's claim cost/utilization data and premium information.
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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.