What does an Actuary do?
Actuaries apply analytical skills, like math, statistics, and financial theory, to quantify risk and financial consequences. Actuaries work to evaluate how likely future events are and then minimize the risk associated with them. The majority of actuaries work for insurance companies as proprerty and casualty insurance actuaries, retirement benefits actuaries, life and accident insurance actuaries, health insurance actuaries, and enterprise risk actuaries.
Actuaries usually have a Bachelor's degree in mathematics, staistics, or actuarial science. Additionally, most actuaries choose to pursue an Associate or Fellow designation by the Casualty Actuarial Society or the Society of Actuaries in order to improve employability. Actuaries must have excellent analytical skills and good business sense, and be self-motivated.
Average Base Pay
“• Opportunities to learn and build domain technical expertise and work with some of the best minds in the Industry.”
“People that work with are some of the closest friends I have made during my time here.”
“Not sure about the pay scale and bonus scheme was untransparent.”
“Everyone is overworked and unappreciated.”
“Stable job scope and career progression”
“Learned a lot; good work and life balance”
“Interesting work and good work life balance”
“Good work and life balance”
Frequently asked questions about the role and responsibilities of an actuary
When working as an actuary, the most common skills you will need to perform your job and for career success are SQL SAS, CDL, FCAS, Statistics and Reserving.
- Actuarial Analyst
- Data Scientist
- Data Engineer
- Data Analyst
The most common qualifications to become an actuary is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.