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Actuarial technician skills for your resume and career

Updated January 8, 2025
2 min read
Actuarial technician example skills
Below we've compiled a list of the most critical actuarial technician skills. We ranked the top skills for actuarial technicians based on the percentage of resumes they appeared on. For example, 20.3% of actuarial technician resumes contained projection as a skill. Continue reading to find out what skills an actuarial technician needs to be successful in the workplace.

15 actuarial technician skills for your resume and career

1. Projection

Here's how actuarial technicians use projection:
  • Reviewed profit and loss reports, researched reasons for unsatisfactory results, initiated corrective actions, financial projections and analyses needed.
  • Designed, prepared and provided analysis for various periodic reports including enrollment projections, premium forecasts and financial forecasts.

2. Financial Analysis

Here's how actuarial technicians use financial analysis:
  • Demonstrate exemplary leadership talents toward supervising and directing three interns in financial analysis and reporting activities.
  • Prepared actuarial rate indications and developed systems and spreadsheets to perform complex financial analysis.

3. 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 technicians use product development:
  • Represented the plan's Finance Department during IHA management meetings entailing numerous decisions involving policy and product development planning and implementation.
  • Served on Product Development Committee as primary information systems actuarial liaison.

4. Data Analysis

Here's how actuarial technicians use data analysis:
  • Analyzed complex data structures, and performed statistical modeling and data analysis to ascertain premium rates required.
  • Created Microsoft Access and Excel worksheets for data analysis, financial statement preparation and membership reporting.

5. 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 technicians use vba:
  • Created VBA macro in Excel which automates filing and communication of pricing/modification requests across various departments.
  • Created a forecasting tool for analyzing fixed annuity variables -Automated various Quarter End procedures using VBA

6. SQL

Here's how actuarial technicians use sql:
  • Calculated Risk Based Capital estimates and analyz e. Analyzed and evaluated SQL results for valuation team for quarterly GAAP reporting
  • Conducted SQL Server production database analysis on a regular basis.

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7. Calculation

Here's how actuarial technicians use calculation:
  • Compile, analyze and verify census data and information needed in the calculation of reinsurance premiums.
  • Automated parts of quarterly HMO incentives reserve calculation in Access.

8. 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 technicians use sas:
  • Verified hospital exposure weights by using SAS to determine interactions between demographic and hospital professional liability data.
  • Gained preliminary predictive modeling experience through the project and utilized data mining techniques using SAS.

9. GAAP

Here's how actuarial technicians use gaap:
  • Provided cash flow modeling results from MoSes to valuation team for quarterly and annual GAAP and statutory financial reporting.
  • Prepared quarterly line analytic/performance report and GAAP earnings analysis.

10. Rate Changes

Here's how actuarial technicians use rate changes:
  • Perform pricing analysis for commercial auto and garage insurance products to produce overall indicated rate changes.
  • Monitored rate adequacy, profitability and competitor rate changes for several commercial lines of business.

11. Financial Reports

Here's how actuarial technicians use financial reports:
  • Helped in generating actuarial financial reports to upper management, state regulators and rating agencies.
  • Produced monthly financial reports that summarized key business metrics to senior management

12. Rate Filings

Here's how actuarial technicians use rate filings:
  • Core Responsibilitieso Research and prepare Workers' Compensation rate filings to meet business and pricing goals.
  • Prepared rate filings to support rate adequacy and sophistication filings to state insurance departments.

13. Statistical Analysis

Here's how actuarial technicians use statistical analysis:
  • Compiled competitor data and performed statistical analysis to assist management in the decision making process.
  • Mastered tools for data processing and statistical analysis using literature and computer programs.

14. RAN

RAN stands for "revenue anticipation note," which refers to a practice where an organization (often the government) borrows money to support a specific project. When these funds are then repaid, the money given to the lenders comes from the profits generated by the business originally funded.

Here's how actuarial technicians use ran:
  • Prepared and ran competitive rate analysis.
  • Learned and ran rate indications.

15. Life Insurance Products

Here's how actuarial technicians use life insurance products:
  • Designed life insurance products, including Term, Term Universal Life, and annuity.
  • Applied accounting procedure to Guardian's life insurance products in order to calculate additional required reserve.
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List of actuarial technician skills to add to your resume

Actuarial technician skills

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

  • Projection
  • Financial Analysis
  • Product Development
  • Data Analysis
  • VBA
  • SQL
  • Calculation
  • SAS
  • GAAP
  • Rate Changes
  • Financial Reports
  • Rate Filings
  • Statistical Analysis
  • RAN
  • Life Insurance Products
  • Annuities
  • Moses

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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