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Every Actuary resume should tell your Story

Resume development is a difficult task. At its core, a resume is about self-promotion and most people find self-promotion. awkward. This all too frequently results in a resume of bullet points which is not engaging. A resume needs to tell your story. It should be written in a way that invites the hiring manager to learn more. It’s a given every resume should include education, exams passed, years of experience, etc. So how do you tell your story?

Problem-Solving

Actuaries are more than analysts. Actuaries not only analyze a problem. You offer solutions. Your ability to problem-solve results in real world business solutions via:
1. Analytical Approach: Highlight your ability to analyze intricate scenarios and spotlight meaningful insights made by your approach to problem solving by offering a specific example.
2. Proficiency: It’s a given actuaries must have software and numeracy skills. Those line items are box checks during a resume review. You should describe how you used these basic requirements to solve a unique challenge. A bit of description on your use of R and Excel can go a long way to securing a new position.
3. Creative Problem Solving: Highlight unique circumstance where your creativity and innovation won the day. Managing risk often times requires creativity, and creativity can lead to profitability.

Actuarial Valuations:

Valuations is where experience, education, and problem-solving skills intersect. It is easy to line-item education, positions, and exams on a resume. We should instead strive to communicate how these areas tie together via:
1. Pricing Expertise: Highlight how you went about determining fair prices based on market, regulatory requirements, and risk.
2. Asset-Liability Management: Highlight your skills in managing investment portfolios, optimizing asset allocation, and minimizing risk exposure.
3. Reserving Techniques: Showcase your experience by example in estimating reserves accurately and managing financial liabilities.
4. Forecasting Accuracy: Emphasize your ability to analyze historical data, apply statistical models, and make reliable projections.

Business Acumen

Actuaries operate at the intersection of finance and business. Your resume should include more information than a list of bullet points of products and states worked in. Demonstrate your business acumen via:
1. Product Knowledge: Every product worked with should include a story demonstrating your knowledge of the product and your understanding and your unique skill set solved a business question resulting in a positive outcome.
2. Financial Understanding: Most Actuaries can crunch numbers. Your resume should emphasize your grasp of financial concepts, financial markets, and capital management.
3. Decision-Making: Link your actuarial insights to business strategy. Explain how your recommendations impacted profitability, risk management, and long-term goals.
4. Effective Communication: Business acumen isn’t just about knowledge; it’s also about conveying that knowledge effectively. Actuaries should be adept at communicating complex ideas to diverse audiences—whether it’s senior executives, colleagues, or clients.

Need help telling your story? S.C. International has been connecting Actuarial job seekers with organizations since 1986. We look forward to saying hello and assisting you to share your story. We can be reached at (630) 963-3033 or search@scint.com.