Product development actuary skills for your resume and career

Updated January 8, 2025

1 min read

Product development actuary example skills

Below we've compiled a list of the most critical product development actuary skills. We ranked the top skills for product development actuaries based on the percentage of resumes they appeared on. For example, 50.6% of product development actuary resumes contained fsa as a skill. Continue reading to find out what skills a product development actuary needs to be successful in the workplace.

7 product development actuary skills for your resume and career

1. FSA

FSA, short for, Flexible Spending Arrangement or Account, is a tax-advantaged account that allows its holder to set aside money from paycheck and pretax for the purpose of payment of dependent care and healthcare services.

Here's how product development actuaries use fsa:

Supported the development and implementation of manually-rated renewal strategies, led by a seasoned FSA.

2. Administration System

Here's how product development actuaries use administration system:

Evaluated administration system, sales illustration, and actuarial valuation software.
Implemented product on sales illustration, issue, and administration systems.

3. SQL

Here's how product development actuaries use sql:

Upgraded Life Insurance Policy Illustration System from VB6 to VB .NET/C# and Access to SQL.

4. Annuities

Here's how product development actuaries use annuities:

Developed Single Premium Indexed Annuities, Indexed Universal Life, Level Term, and Single Premium Interest Sensitive Whole Life.
Designed life insurance products, including Term, Term Universal Life, a lump-sum disability rider and annuities.

5. Life Insurance Products

Here's how product development actuaries use life insurance products:

Designed life insurance products, including Term, Term Universal Life, and annuity.

6. Projection

Here's how product development actuaries use projection:

Compiled population statistics to determine projections for future claims.
Computed actuarial cost projections and annual plan valuations based on salary, interest rate and plan funding assumptions.

7. Calculation

Here's how product development actuaries use calculation:

Reviewed plan amendments, prepared and checked benefit calculations, researched code and regulation provisions.
Team member of revised estimates calculation of compulsory insurance in Insurance field.

What skills help Product Development Actuaries find jobs?

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List of product development actuary skills to add to your resume

The most important skills for a product development actuary resume and required skills for a product development actuary to have include:

FSA
Administration System
SQL

Annuities
Life Insurance Products
Projection

Calculation

Updated January 8, 2025

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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