Actuary (Enrolled) Salary in Wichita Falls, Texas

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Average Salary for Actuary (Enrolled) in Wichita Falls, Texas

The average salary of a(n) Actuary (Enrolled) in Wichita Falls, Texas is $70,424.

The average hourly rate of a(n) Actuary (Enrolled) in Wichita Falls, Texas is $33.86.

The average bonus of a(n) Actuary (Enrolled) in Wichita Falls, Texas is $2,127.00.

Job Description:

Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. The Enrolled level is the first level in the actuary profession and generally requires a bachelors degree in actuarial sciences as an entry requirement or passing the beginning actuarial exams required for professional designation. Attains knowledge to apply the principles, theory, and concepts of actuarial science to the specific requirements of the organization and continues their professional development. Designs or reviews insurance and pension plans and calculates premiums. Determines mortality, accident, sickness, disability, and retirement rates; constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information. Decides premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits. Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies. Less

Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. The Enrolled level is the first... More

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