Fonner Insurance is Now Hiring!

Actuary wanted for long term position at Fonner Insurance.

Fonner Insurance

Fonner Insurance is a great company to work for. The office place is not hectic or frantic like some of our competitors, but calm and productive. Our staff is composed of some of the most intelligent people in the business. You will be working with others who are not only the best in their selected field, but also genuinely enjoy their job. The purpose behind Fonner Insurance is simple. We are here to provide quality insurance to customers while keeping the cost as low as possible. We are honest and fair in business dealings and would never blind our customers as some of the other large insurance companies would.


We are looking for an actuary to fill a position at Fonner Insurance. As an actuary for Fonner Insurance you will analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. You will also ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

You must also be readily able to do any of the following:

  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Testify before public agencies on proposed legislation affecting businesses.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improving existing business.
  • Provide advice to clients on a contract basis, working as a consultant.
  • Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person who is disabled or killed in an accident.
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
  • Determine policy contract provisions for each type of insurance.
  • Determine or help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
  • Manage credit and help price corporate security offerings.
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
  • Explain changes in contract provisions to customers.

Education Requirements

Experience: Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.

Education: A bachelor's degree is the minimum formal education required for these occupations. However, many also require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Training: Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.

Job Opportunity

Possible Actuary Careers and Number of Occupants

Insurance Carriers - 9,600

Management, Scientific, and Technical Consulting Services - 2,720

Agencies, Brokerages, and Other Insurance Related Activities - 2,260

Management of Companies and Enterprises - 1,620

State Government (OES Designation) - 440

Insurance and Employee Benefit Funds - 280

Federal Executive Branch (OES Designation) - 240

Other Financial Investment Activities - 100

Office Administrative Services - 80

Local Government (OES Designation) - 80

Pay Scale of Actuaries

Average Hourly and Annual Pay of Actuaries by Industry

Administrative & Support and Waste Management - $41.25 - $85,800

Finance and Insurance - $46.45 - $96,628

Health Care and Social Assistance - $44.26 - $92,070

Management of Companies and Enterprises - $43.75 - $91,000

Other Services (except Public Administration) - $60.37 - $125,560

Professional, Scientific, and Technical Services - $50.61 - $105,261

Public Administration - $43.87 - $91,239

National Averages

Average Annual Salary$97,450

Average Hourly Wage$46.85