An actuary analyst uses data to measure risk for a company or organization, such as insurance company or a financial services business. Common functions performed by an actuary analyst include coordinating, preparing, and performing actuarial analyses, which are required by companies when developing new products, projecting future results, repricing existing products, and/or determine financial strength. An actuary analyst is usually expected to work under minimal supervision and must be able to perform moderately complex work assignments and problem resolution.In the course of their work, the actuary analyst must acquire and apply maturing knowledge of the business, its products, and its processes. An actuary analyst often uses actuarial modeling software driven models for pricing, valuation, and/or risk management. Being able to enter data and tables, runs models, and generates reports is essential. An actuary analyst may make adjustments and improvements to models, when appropriate.A bachelor's degree in a related field, such as accounting, is generally preferred, although four years relevant work experience may be substituted by some employers. Some actuarial experience is preferred by most employers seeking an actuary analyst. Actuary analysts also must have basic knowledge of actuarial technique and procedures, data analysis tools, and industry data sources. Two to three Society of Actuaries exams successfully completed is a preferred requirement; four or more is highly desired. Possessing excellent oral and written communication skills is expected.

The job role of Actuarial Analyst in Canada is projected to experience steady growth in the market. According to recent data from Google, the 10-year analysis of this position indicates a positive trend in terms of employment opportunities. The demand for Actuarial Analysts is expected to increase as industries like insurance, finance, and consulting continue to rely on their expertise. Although the specific number of employment opportunities available in the future is not provided, the data suggests that the outlook for this role is favorable, making it a promising career option for those interested in the field of risk assessment and financial planning.

How to Learn

As an Actuarial Analyst with 0-3 years of experience in Canada, your main responsibilities include:<ul><li> Assist in data collection and analysis for actuarial projects, such as calculating insurance premiums and reserves.</li><li> Support the development and maintenance of actuarial models, including experience studies and risk assessments.</li><li> Collaborate with senior actuaries to perform actuarial valuations, including pricing and reserving activities.</li><li> Prepare reports and presentations to communicate actuarial findings and recommendations to internal stakeholders and clients.</li></ul>

Roles & Responsibilities

Average take home Salary for a Actuarial Analyst in Canada is around C$68204 per year

Salary Breakup

An actuary analyst utilizes data to assess risk for an organization or company like an insurance companies or a financial services company. The most common tasks performed by an actuary analyst are the coordination, preparation an actuarial analysis, and executing it that are required by businesses when they are developing new products, predicting future outcomes, revising existing products, or determining the financial strength. A actuary analyst is typically required to work under very little supervision, and should be able to handle tasks that are moderately complicated and solve problems.

Breakup	Range
Base Salary	null - null
Bonus	null - null
Profit Sharing	null - null
Total Pay	null - null

Actuarial Analyst

Salary Breakup

Skills That Affect Actuarial Analyst Salaries

Explore

More

Get in Touch with Us