Actuarial Science | University of Wisconsin-Milwaukee

Skills & Competencies

Skills developed through this program

Auto-populatedfrom O*NET via SOC 15-2011.00

Skills

MathematicsCritical ThinkingJudgment and Decision MakingReading ComprehensionComplex Problem SolvingActive ListeningSystems EvaluationSpeaking

Knowledge

MathematicsComputers and ElectronicsEconomics and AccountingEnglish LanguageLaw and Government

Abilities

Mathematical ReasoningInductive ReasoningNumber FacilityOral ComprehensionWritten ComprehensionOral ExpressionWritten ExpressionDeductive ReasoningCategory FlexibilityProblem Sensitivity

Tasks

Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of fu
Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help
Analyze statistical information to estimate mortality, accident, sickness, disability, and retiremen
Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.

Technology

Financial analysis softwareObject or component oriented development softwareCompliance softwareData base user interface and query softwareElectronic mail software

Tools

10-key calculatorsDesktop computersNotebook computersPersonal computers

Work Values

Working ConditionsAchievementIndependenceRecognitionSupportRelationships

Career Pathways

Occupations this program prepares you for

Auto-populatedfrom O*NET + BLS

Occupations matched to this program, with median wage, top wage, growth, and openings
SOC	Occupation	Method	Wage	Growth	Openings
Match confidence: medium15-2011.00	Actuaries	title_inference	—	—	—

Program Pathways

Credentials this program stacks toward

No program pathways.

What You'll Learn

Key competencies developed through this program

Auto-populatedfrom NSX Competency Framework

Mastery: proficient (Level 3)(based on Bachelor's Degree)

Cash reserves, liabilities, and premium rates — determine independently across multiple product lines to ensure long-term solvency for insurance and annuity portfolios.
Mortality, morbidity, and retirement rate models — design and validate using advanced statistical and analytical software, interpreting non-routine data patterns autonomously.
Insurance, annuity, and pension plan frameworks — review, design, and administer end-to-end, assessing financial soundness and setting actuarially sound premiums.
Equitable surplus distribution methodologies — determine and implement for participating contracts in mutual companies, justifying assumptions to senior management and regulators.
Probability tables for catastrophic and low-frequency events — construct by integrating diverse statistical data sources and pertinent environmental intelligence.
Company policy on risk and financial strategy — help formulate by synthesizing actuarial insights with business objectives and communicating recommendations to executives.
Complex technical actuarial matters — explain to government officials, shareholders, and policyholders through clear written and oral communication across regulatory and public forums.
Consulting engagements — lead independently, scoping client needs, delivering actionable actuarial analyses, and managing deliverables across contract lifecycle.
Cross-disciplinary project teams with programmers, underwriters, and claims experts — coordinate to develop new business lines and improve existing product performance.
Systems-level evaluation of actuarial models and business processes — conduct to identify inefficiencies and recommend data-driven improvements within enterprise environments.

Program Details

Detailed information about this program

No detailed information available.

Requirements

What you need to earn this credential

No requirements listed.

Financial Aid

Eligible funding programs

No funding information available.

Scholarships

No scholarships listed.