An Actuary conducts complex risk analyses and predicts the outcome of potential investments. They create statistical models to calculate likelihoods and present findings in detailed reports. To be successful in this role, they should have a flair for math and an analytical way of thinking.
Responsibilities
- Conduct risk assessments
- Build predictive models to accurately analyze potential outcomes
- Recommend investments with the lowest risk and the highest profits possible
- Calculate total assets and liabilities
- Determine financial status after an investment
- Compare actual ROIs with forecasts
- Monitor market trends and identify opportunities for new investments and funds
- Develop guides and policies on how to avoid high-risk investments and the losses associated with them
- Keep records of payments, fundings and underwriting policies
Requirements
- Work experience as an Actuary, Investment Analyst or similar position
- In-depth understanding of how to use actuarial formulas and tables
- Hands-on experience with statistical packages like SPSS
- Good knowledge of insurance legislation
- Excellent numerical and analytical skills
- Attention to detail
- BSc in Statistics, Mathematics or Finance
- Additional certification in Risk Management or being successful in actuary exams is a plus