What does a Senior 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.
Senior Actuary Insights
“• 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.”
“Learned a lot; good work and life balance”
“Interesting work and good work life balance”
“Good work and life balance”
“Stable job scope and career progression”
Senior Actuary Interviews
Senior Actuary jobs
Frequently asked questions about the role and responsibilities of a senior actuary
When working as a senior actuary, the most common skills you will need to perform your job and for career success are Reserving, Monte Carlo Simulation, Catastrophe Modeling, VBA and Bachelor Degree Required.
- Actuarial Analyst
- Data Scientist
- Data Engineer
- Data Analyst
The most common qualifications to become a senior 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.