The Fellow, The Society of Actuaries applies probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Responsible for applying mathematical analyses and financial principles to amend insurance problems. Being a Fellow, The Society of Actuaries typically works in either property and casualty, life and health insurance, or defined benefit plans. Determines premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. In addition, Fellow, The Soc ...iety of Actuaries typically requires a bachelor's degree of statistics, mathematics, economics, or related. Typically reports to an executive or a manager. Requires Fellow of the Casualty Actuarial Society (FCAS). Fellow, The Society of Actuaries's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement.More Show Less
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