Pricing actuary vs product development actuary

Differences between pricing actuary and product development actuary duties and responsibilities

Pricing actuary example responsibilities.

• Project manage large work streams incorporating data and technology to support all business analytics used across the organization.
• Support the sales team in conducting profitability analysis, analyzing options and developing customer ROI analyses
• Manipulate select and ultimate mortality table to database formate by using VBA and producingexpect Motality base under best estimate assumption.
• Administer payroll, conduct accounts reconciliations, and track all A/R and A/P.

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.