Actuarial assistant jobs in Finland
Actuarial assistants perform statistical data research in order to set premium rates and insurance policies. They review the possibility of accidents, injuries and property damage by using statistical formulas and models.
Actuarial assistant - Which skills are essential?
Gather information on your client's situation and calculate their premium on the basis of various factors such as their age, the place where they live and the value of their house, property and other relevant assets.
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.
Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.
The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
Specific software system (SAS) used for advanced analytics, business intelligence, data management, and predictive analytics.
Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.
The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.
Produce statistics on potential risks such as natural and technical disasters and production downtimes.
Actuarial assistant - Which skills are useful but not essential?
Review and analyse individual and company financial data in order to produce statistical reports or records.
The law and legislation concerning the policies of transferring risks or losses from one party, the insured, to another, the insurer, in exchange for a periodic payment. This includes the regulation of insurance claims and the business of insurance.
Identify and assess factors that may jeopardise the success of a project or threaten the organisation's functioning. Implement procedures to avoid or minimise their impact.
Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment in advance over a given period of time.
Investigate and look for information on the creditworthiness of companies and corporations, provided by credit rating agencies in order to determine the likelihood of default by the debtor.
The process of identifying, assessing, and prioritising of all types of risks and where they could come from, such as natural causes, legal changes, or uncertainty in any given context, and the methods on dealing with risks effectively.
Advise on specific contracts and general insurance guidelines, such as the terms of coverage, the risks that are involved, the handling of claims, and terms of settlements.
Understand the principles of insurance, including third party liability, stock and facilities.
Analyse the credit files of an individual, such as credit reports which outlines a person's credit history, in order to assess their creditworthiness and all the risks that would be involved in granting a person a loan.
Write a contract that includes all the necessary data, such as the insured product, the payment to be made, how often the payment is needed, the personal details of the insured and on what conditions the insurance is valid or invalid.
Analyse the probability and size of the risk that is to be insured, and estimate the value of movable or immovable property of the client.
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
The trends and major driving factors in the insurance market, insurance methodologies and practices, and the identification of the major stakeholders in the insurance sector.
The various types of risk or loss transfer policies that exist and their characteristics, such as health insurance, car insurance or life insurance.