CONTENT LIBRARY

Back to Basics – Actuary

What is an Actuary? Actuaries are professionals who specialize in evaluating financial risks. Actuaries have a specialized mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries work across various sectors, including insurance, pensions, healthcare, consulting, and more. Their expertise in risk assessment and financial modeling is crucial for the strategic planning and long-term success of their employers. As they gain experience, actuaries can move into more specialized roles or

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Actuary Hiring Changes in 2024

In the latter half of 2023, the actuarial recruiting field faced challenges due to economic concerns and discussions about a recession. Contributing to the challenges included a lack of flexibility in hiring remote candidates. Unlike 2022, where remote opportunities and increased compensation drove the “Great Resignation,” 2023 saw a shift away from these opportunities. Actuaries prioritized work-life balance through remote work, and the significant compensation increases of 2022 tapered off, reducing the motivation for relocation. Remote positions continue to attract

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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

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AI and Actuaries

Everyone by now has heard of Chat GPT, CoPilot, Gemini, etc…  The water cooler talk frequently centers around how the “machines” will eventually take all our jobs. More sober and realistic analysis indicates AI is another efficiency tool to be used much like the wheel, the conveyor belt or a spreadsheet. Artificial intelligence (AI) is the ability of machines to perform tasks that normally require human intelligence, such as reasoning, learning, and problem-solving. AI may eventually prove invaluable to actuaries

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Have you considered becoming an Actuary

Are you thinking about switching careers? Have you considered becoming an Actuary? Are you Self-motivated, Creative, Independent, Detail-oriented, and Curious. Some of the common careers that people had before becoming an actuary include: Underwriter: A mortgage underwriter evaluates the risk and eligibility of applicants for insurance, loans, mortgages, or other financial products. Their work is based on actuarial principles. Risk manager: A risk manager identifies, assesses, and mitigates the potential losses and uncertainties that may affect an organization’s operations, assets,

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Actuaries and Your Bottom Line

Actuaries not only guide large organizational risks but they also are indispensable to your financial well-being. They develop models to analyze and manage risk. They can contribute value to your retirement portfolio in various ways, such as: • Valuing your pension: Pension Actuarial Analyst help you estimate the value of your future pension payments. They do this based on life expectancy, interest rates, and other factors. This can help you plan your retirement income and decide if a lump sum

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