{"schemaVersion":"1.0","exportedAt":"2026-05-15T12:38:01.161Z","occupation":{"soc":"15-2011.00","title":"Actuaries","group":"Computer & Mathematical","sector":"54","jobZone":4,"jobZoneInferred":false},"framework":{"version":"v.26.05","description":"","contextCovered":"This framework covers actuarial practice in insurance, pension, and consulting environments — spanning statistical modeling, plan design, regulatory communication, and enterprise risk strategy.","levels":{"emerging":{"label":"Emerging","statements":["Statistical data sets — compile and organize under direct supervision to support mortality, accident, and disability rate estimation projects.","Spreadsheet software and office suite tools — apply to perform basic actuarial calculations following established templates and protocols.","Probability concepts and mathematical reasoning — demonstrate by completing guided exercises in life table construction and rate analysis.","Premium rate inputs and reserve assumptions — identify and document under supervisor direction for use in standard insurance pricing models.","Technical reports and actuarial memoranda — draft initial sections using approved formats under close editorial review.","Insurance policy structures and annuity contract terms — recognize and explain basic features when reviewing existing plan documentation.","Database query tools and analytical software — execute pre-built queries to retrieve actuarial data sets for senior analyst review.","Regulatory and compliance requirements — research and summarize relevant statutes under guidance to support policy administration tasks.","Cross-functional team meetings with underwriters and claims experts — participate actively, taking notes and clarifying task assignments.","Mathematics and economics principles — apply foundational knowledge to verify simple actuarial calculations in a supervised office environment."]},"developing":{"label":"Developing","statements":["Mortality, accident, sickness, and disability rate tables — analyze statistical information and produce preliminary estimates with limited oversight in an insurance company setting.","Premium rate calculations and cash reserve projections — perform using standard actuarial methods to support policy pricing under periodic supervisory review.","Probability tables for events such as fires, natural disasters, and unemployment — construct by synthesizing historical data and statistical models with moderate independence.","Insurance and pension plan reviews — conduct against financial soundness criteria, flagging anomalies and recommending adjustments to senior actuaries.","Actuarial findings and technical summaries — present clearly to internal stakeholders, adapting language for non-technical audiences in routine business contexts.","Business intelligence and data analysis software — use proficiently to automate recurring actuarial workflows and validate model outputs.","Surplus earnings distribution calculations — perform for participating insurance and annuity contracts in mutual company environments using established equitable-basis frameworks.","New line-of-business feasibility analyses — support by modeling financial scenarios and communicating results to underwriters and product development teams.","Client engagements on a consulting basis — manage defined project tasks, delivering accurate actuarial work products within agreed timelines.","Complex actuarial problems — diagnose root causes and adapt standard analytical approaches to resolve them within familiar organizational contexts."]},"proficient":{"label":"Proficient","statements":["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."]},"advanced":{"label":"Advanced","statements":["Enterprise-wide actuarial strategy and risk frameworks — set and champion at the executive level to align financial soundness objectives with long-term organizational goals.","Reserve adequacy, premium rate adequacy, and liability management policies — establish and govern across all lines of business, presenting conclusions to boards and regulatory bodies.","Actuarial talent pipeline — develop by mentoring junior and mid-level actuaries, designing structured learning pathways tied to professional examination milestones.","Innovative actuarial methodologies for emerging risks — lead development of, integrating new statistical techniques and technology tools into organizational standard practice.","Company policy on complex risk exposures — determine at the senior leadership level, synthesizing actuarial, legal, economic, and market intelligence for executive decision-making.","Strategic consulting relationships with major clients — cultivate and oversee, ensuring actuarial advice drives client financial resilience and competitive positioning.","Regulatory dialogue with government officials on pension, insurance, and financial solvency matters — lead as primary organizational representative, translating technical positions into policy-relevant language.","Cross-functional leadership of new business development initiatives — direct, integrating actuarial, underwriting, technology, and finance teams to bring financially sound products to market.","Organizational actuarial governance standards and model risk management frameworks — author and enforce to ensure integrity, compliance, and auditability of all actuarial work products.","Thought leadership on actuarial practice in public, industry, and shareholder forums — provide through authoritative written publications and executive-level presentations that shape sector standards."]}}},"sources":{"onet":"v30.2 (CC BY 4.0)","crosswalk":"https://skillscrosswalk.com","generator":"LER.me"},"attribution":"© EBSCOed"}