What does an Actuarial Analyst do?
Analysts use specialist software and spreadsheets, as well as statistical formulas to assess risk, so an interest in and aptitude for using technology is useful. You could work in various areas of the financial services industry and will often be engaged in a support role within an actuarial team.
What skills does an Actuarial Analyst need?
- The ability to analyse data and solve problems
- The ability to conduct statistical analysis including cleaning data and interpreting relationships and trends between data sets
- Strong mathematical ability and an analytical mind
- The ability to work collaboratively
- Good communication and presentation skills when feeding back data findings to non-actuarial colleagues or clients
- Commercial awareness to be able to understand what a business may need to receive from the data
- The ability to summarise data analysis in layman’s terms when reporting to the wider business.
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