ACTUARIAL CONSULTANT SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: Nov 8, 2024 – The Actuarial Consultant with 6-9 completed actuarial exams demonstrates expertise in data extraction, analysis, and presentation using advanced programming skills and Microsoft Office tools. Strong statistical modeling knowledge, including GLMs, supports effective communication of complex technical results to both technical and non-technical audiences. Equipped with leadership and analytical skills, this role prioritizes and trains actuarial staff while developing actionable recommendations with a significant business impact.

Essential Hard and Soft Skills for a Standout Actuarial Consultant Resume
  • Statistical Analysis
  • Risk Assessment
  • Financial Modeling
  • Data Analysis
  • Actuarial Software Proficiency
  • Excel Proficiency
  • Programming
  • Mathematical Modeling
  • Knowledge of Insurance Regulations
  • Communication of Technical Information
  • Problem-Solving
  • Critical Thinking
  • Attention to Detail
  • Effective Communication
  • Team Collaboration
  • Time Management
  • Adaptability
  • Decision-Making
  • Analytical Thinking
  • Customer Service Orientation

Summary of Actuarial Consultant Knowledge and Qualifications on Resume

1. BA in Finance with 6 years of Experience

  • Experience working for an insurer or consultancy with a background in life business, and making good progress with actuarial examinations
  • Possess a strong interest in modeling using actuarial systems
  • A strong working knowledge of Microsoft Excel, Word, and PowerPoint
  • Good knowledge of the Prophet actuarial system or demonstrable equivalent experience with another actuarial calculation projection system.
  • A good working knowledge of the various Prophet components (including the Data Conversion System and Excel Reporting) for both deterministic and stochastic modeling
  • Experience creating products in Prophet’s actuarial liability libraries (e.g. Conventional and Unit-Linked)
  • Knowledge of the financial services industry and associated products
  • Familiarity with the industry's regulatory and reporting frameworks e.g. IFRS17
  • Experience working on technology implementation projects, either in-house or in a vendor/consultancy environment
  • Experience working on international projects
  • Strong verbal and written English language skills and presentation skills for a client-facing role working with clients across the APAC region

2. BA in Statistics with 3 years of Experience

  • Experience working in a life assurance department or consultancy 
  • Knowledge of the Prophet system or demonstrable equivalent experience
  • Knowledge of annuity products (VA, FIA, FA, SPIA) and corresponding US statutory/GAAP regulations
  • Exposure to any of the actuarial modeling software (Moody’s Axis, Prophet, MG-ALFA, Aon PathWise, Moses, or other commonly used software)
  • Programming experience with at least one programming/statistical language (C#, Python, R, etc.)
  • Excellent oral and written communication skills
  • Proficiency with MS Office Suite (Word, PowerPoint, Excel, and VBA)
  • Able to see and shape the “bigger picture”. 
  • Comfortable working in a flat structured organization and interacting with executive management/investors
  • Demonstrate a desire to take initiative, critical thinking, and has sense of ownership.

3. BA in Actuarial Science with 5 years of Experience

  • Completion of 6-9 actuarial exams.
  • Professional actuarial experience, preferably in a property-casualty environment.
  • Intermediate to advanced PC programming skills enabling the individual to extract and manipulate data (SAS, SQL, etc.).
  • Intermediate to advanced Microsoft Office proficiency required to analyze and present actuarial information (Word, Excel, Access, PowerPoint, etc.)
  • A broader understanding of statistical models and GLMs
  • Ability to lead discussions, make presentations, and deliver technical results to a non-technical audience.
  • Ability and willingness to continue participation in the actuarial exam program.
  • Possesses leadership skills including the ability to prioritize, delegate, and train other actuarial staff.
  • Strong analytical and critical thinking skills, including the ability to handle complex tasks having a more significant business impact. 
  • The ability to conclude, develop, and present actionable recommendations.
Relevant Information
Actuarial Associate Skills, Experience, and Job Requirements