Actuary Careers
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Actuary Careers
What Actuaries And Their Prospective Employers Really Want To Know.
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PDF DOWNLOAD Actuaries' Survival Guide How to Succeed in One of the Most Desirable Professions

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There is an actuary in everyone just trying to get out

There is an actuary in everyone just trying to get out | Actuary Careers | Scoop.it

An actuary; defined as a person who compiles and analyses statistics and uses them to calculate insurance risks and premiums. How to measure the risk and value of each asset is the hard part for any actuary professional, but the job is never dull, with requirements in every sector of the economy, covering every eventuality that could happen in everyday life. Actuary jobs can make for a really exciting and diverse career.

 

You may think this is a role for a certain type of person and your right it is; recruiters such as Oliver James Associates, Star Actuarial and The Arc are looking for a well-rounded professional, leaving the door wide open to a variety of candidates. Of course, advanced skills such as strategic insight, analytical problem solving and interpersonal collaboration are all at the top of their agenda, alongside the attractive asset of industry knowledge. However, non-technical skills are core to the success of any actuary such as communication, leadership and relationship management. These are all transferable skills that any professional can carry from a range of jobs in a variety of sectors. Are you secretly an actuary, but just haven’t tapped in to that niche job area?

 

What does an actuary work on?

 

One of the key areas you may work on as an actuary is life insurance; one of the simplest and most cost effective protection products available in the world but one that many people scoff at. Its purpose is simple; a one off lump sum pay out in the event of the insured person’s death Those in actuary jobs are experts at assessing the likelihood of death and producing policies which do not hinder the lifestyles of those covered for the most competitive premium possible. Of course, a history of medical problems can affect a policy, costing more due to the greater risk attached, but young and healthy people can get insured for very small monthly sums and many life insurance policies have guaranteed premiums, meaning the monthly cost remains the same throughout its term.

 

Pensions are another key area of work for an actuary. It may not seem the most exciting of sectors to work in, but with recent changes to legislation and an increased amount of young professionals becoming members of pension schemes from an earlier age, there is a greater need for specialists to work in this area. Actuaries play a key role in advising companies on a manner of pension schemes and structures, meeting needs of trustees, employers and the members.

 

If life insurance or pensions don’t tickle your fancy, you can also work in general insurance, education, investment, healthcare and many other areas. So, are you ready to embrace your inner actuary? Get started and look for roles at Oliver James Associates.


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Solvency II fuels catastrophe reinsurance buying boom, says Aon - The Actuary

Solvency II fuels catastrophe reinsurance buying boom, says Aon - The Actuary | Actuary Careers | Scoop.it
Solvency II fuels catastrophe reinsurance buying boom, says Aon The Actuary Aon actuary Anne-Lise Bagur said: 'Our study shows that the current capacity in XL per-event cover equates to at €6.6bn in Europe – an increase of 17% since we started the...
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Fiduciary Management: Unravelling the jargon - Actuarial Post

Fiduciary Management: Unravelling the jargon - Actuarial Post | Actuary Careers | Scoop.it
Fiduciary Management: Unravelling the jargon Actuarial Post We ascribe a plethora of different names to fiduciary management, including Implemented Consulting, Delegated Consulting, Solvency Management or Managed Solutions; however there are some...
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'Actuaries' magic pencil' hides UK university pension deficit - Financial Times

'Actuaries' magic pencil' hides UK university pension deficit - Financial Times | Actuary Careers | Scoop.it
'Actuaries' magic pencil' hides UK university pension deficit
Financial Times
USS's March 2014 actuarial valuation will fix the regular annual contribution for new pension promises and deficit contributions.
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Ah, that magic pencil makes another appearance. I want one.

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USS deficit could mean all have to pay more - Times Higher Education

USS deficit could mean all have to pay more - Times Higher Education | Actuary Careers | Scoop.it
Times Higher Education USS deficit could mean all have to pay more Times Higher Education This will include a review of the USS' employer contributions, the scheme's investment strategy and its actuarial assumptions on factors such as life...
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Auto-enrolment timetable changes for small businesses - Pension Funds Online

Auto-enrolment timetable changes for small businesses - Pension Funds Online | Actuary Careers | Scoop.it
Pension Funds Online Auto-enrolment timetable changes for small businesses Pension Funds Online Malcolm McLean, a consultant at the pensions actuary firm Barnett Waddingham, was less pleased with the changes saying that from a pensions and long...
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CNBC FAST MONEY: Gold Demand at All-Time High: CEO Lear Capital

CNBC FAST MONEY: Gold Demand at All-Time High: CEO Lear Capital | Actuary Careers | Scoop.it
Demand for physical gold has soared, Scott Carter says.

 

While the price of gold has declined in recent weeks, demand for the physical metal has soared, Lear Capital CEO Scott Carter said Tuesday.

 

"I think what you see is investors that thought they might have missed the price before saw the price drop in April, and this was a great opportunity for them to get into the market," he said. "So, we've actually seen on the physical side a big bump in investors wanting to add to their position or jump in for the first time."

 

Lear Capital is the largest seller of physical gold and silver in the United States.

 

On CNBC's "Fast Money, Carter also noted that the U.S. Mint had recently announced it was running out of its supply.

 

"So, demand at the mint level for coins, demand at the retail level in our business, is at an all-time high right now," he said.

(Read More: Gold at $4,000 an Ounce?)

 

Carter added that the disconnect between the commodity price of gold and the demand for the physical product could be a function of timing among investors.

 

"They're in and out of contracts and not taking physical possession," he said.


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Actuary Is The Best Job In America - Business Insider

Actuary Is The Best Job In America - Business Insider | Actuary Careers | Scoop.it
Boot, who worked as an actuary for 25 years — first at Principal Financial Group, then at Allstate Financial — said it takes a lot of research, a lot of assumptions, and running "a lot of numbers through a whole range of interest ...
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Who would have thought...!

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CMI Working Paper 61 published | The Actuarial Profession

CMI Working Paper 61 published:


10 May 2012




...
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It's Time to Transform your Marketing

The Internet has fundamentally transformed the way people discover, share, connect and shop.

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The Problem With Big Data Is That Nobody Understands It

The Problem With Big Data Is That Nobody Understands It | Actuary Careers | Scoop.it
The concept of Big Data—the practice of acquiring, analyzing and interpreting ridiculously huge data sets—is something much of the technology and business world is extremely excited about.
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Financial advice tools criticised as simplistic - Money Management

Financial advice tools criticised as simplistic - Money Management | Actuary Careers | Scoop.it
Financial advice tools criticised as simplisticMoney ManagementFinancial advisers must develop a more complex toolset to provide advice, according to senior Milliman consultants who criticised the simplistic advice models being used at one advice...
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Grangemouth: is this the UK's most generous pension scheme? - Financial News

Grangemouth: is this the UK's most generous pension scheme? - Financial News | Actuary Careers | Scoop.it
Financial News
Grangemouth: is this the UK's most generous pension scheme?
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Actuaries query independent Scotland state pension costs - Public Finance

Actuaries query independent Scotland state pension costs - Public Finance | Actuary Careers | Scoop.it
Actuaries query independent Scotland state pension costs Public Finance In a commentary on Scottish independence, the Institute and Faculty of Actuaries today said there were a number of questions that could have an impact on provision of financial...
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Pensions regulator issues 'double counting' warning to DB schemes - The Actuary

Pensions regulator issues 'double counting' warning to DB schemes - The Actuary | Actuary Careers | Scoop.it
Pensions regulator issues 'double counting' warning to DB schemes
The Actuary
The Pensions Regulator has warned trustees and employers against 'double counting' in multi-employer defined benefit schemes.
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CEO Closeup: Go big, says Towers Watson's Haley - USA TODAY

CEO Closeup: Go big, says Towers Watson's Haley - USA TODAY | Actuary Careers | Scoop.it
CEO Closeup: Go big, says Towers Watson's Haley
USA TODAY
The company also works for pension plans and insurance companies on risk and actuarial calculations and with companies of all types on talent recruitment and retention.
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Employer covenant warning as firms approach debt 'mountain' - Pension Funds Online

Employer covenant warning as firms approach debt 'mountain' - Pension Funds Online | Actuary Careers | Scoop.it
Employer covenant warning as firms approach debt 'mountain' Pension Funds Online A new report from the actuary and consultancy group illustrates the level of debt maturing in the medium-term at companies who borrowed heavily in the boom years of...
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7 intriguing facts about social media marketing | Articles | Home

7 intriguing facts about social media marketing | Articles | Home | Actuary Careers | Scoop.it

It's the year of the image, the year of Facebook, and the year of social media marketing. So are you a man or woman of your time?

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I am. At least, I think I am...

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Consultants accused of hogging fees - Financial Times

Consultants accused of hogging fees - Financial Times | Actuary Careers | Scoop.it
Consultants accused of hogging fees
Financial Times
... involving potential conflicts of interest.
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The 5 Mega-Trends That Are Changing the Face of Health Care - The Atlantic

The 5 Mega-Trends That Are Changing the Face of Health Care - The Atlantic | Actuary Careers | Scoop.it
The AtlanticThe 5 Mega-Trends That Are Changing the Face of Health CareThe AtlanticSome are employing a vertical integration strategy by getting into or enhancing their position in the provider segment.
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The 2012 CMO's Guide To The Social Landscape | CMO.com

The 2012 CMO's Guide To The Social Landscape | CMO.com | Actuary Careers | Scoop.it
The social-media landscape gets more crowded every year. Our third annual interactive infographic will help you determine which ones to use for maximum impact in terms of customer communication, brand exposure, traffic, and SEO.

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Jane Curtis writes for City AM | The Actuarial Profession (Mobile)

Jane Curtis writes for City AM | The Actuarial Profession (Mobile) | Actuary Careers | Scoop.it
Jane Curtis writes for City AM | The Actuarial Profession (Mobile): As part of our on going public affairs theme...
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Horse Racing Tips: The Actuary highlights two P&G winners at 8-1 ...

Horse Racing Tips: The Actuary highlights two P&G winners at 8-1 ... | Actuary Careers | Scoop.it
Probably much underutilized by Subscribers of The Actuary Horse Racing Tips, the P&G ratings once again throw up two nice priced winners at 8-1 and 15-2 at Kempton Park. Not every race comes up with a definitive view or ...
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