ACTUARIAL SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: May 13, 2025 – The Actuarial Professional possesses a strong foundation in mathematics, statistics, and financial theory to evaluate and manage risk effectively. This position requires experience working with insurance models, pension plans, and financial forecasting, supported by skills in Excel, SQL, Python, or specialized actuarial software. The individual also has effective communication, attention to detail, and the ability to interpret complex data to deliver accurate insights and support strategic decisions.

Essential Hard and Soft Skills for a Standout Actuarial Resume
  • Actuarial Support
  • Portfolio Strategy
  • Pricing Tool Development
  • Model Monitoring
  • Pricing Analysis
  • Performance Reporting
  • Data Accuracy
  • Regulatory Compliance
  • Actuarial Analysis
  • Pricing Strategy
  • Growth Identification
  • Organizational Alignment
  • Collaborative Partnerships
  • Business Growth Support
  • Product Consultation
  • Client Presentations
  • Client Interaction
  • Business Development
  • Project Management
  • Team Management

Summary of Actuarial Knowledge and Qualifications on Resume

1. BS in Data Science with 4 years of Experience

  • Strong Prophet modelling skills
  • Good time management and prioritisation skills
  • Ability to investigate and resolve complex issues
  • Strong Excel skills, including VBA
  • Good understanding of databases
  • The ability to program in R and SQL
  • Strong communication and interpersonal skills
  • Good written and verbal presentation skills
  • Actuarial student making good progress through actuarial exams (IAAust or equivalent)
  • Financial reporting and/or modelling experience
  • Experience in the Life Insurance industry.

2. BA in Business Administration with 2 years of Experience

  • Relevant actuarial experience in the P&C Insurance environment.
  • Able to work independently and have superb oral and written communication capabilities.
  • Able to proactively identify opportunities or problems and the ability to facilitate understanding and solution development.
  • Able to demonstrate highly skilled analytical and conceptual thinking.
  • Able to work effectively in a highly collaborative team environment.
  • Able to build and maintain a network of relationships.
  • Able to demonstrate a strong work ethic, commitment to meeting deadlines.
  • Able to demonstrate a history of taking the initiative, being a self-starter with strong analytical and problem-solving skills.
  • Working Knowledge of EXCEL VBA, SQL, or R

3. BA in Financial Mathematics with 1 year of Experience

  • Must have passed a minimum of one actuarial exam and must continue to pursue an actuarial designation in the Society of Actuaries' examination program
  • Internship experience, ideally in the field of Actuarial Science
  • Possess a high level of mathematical ability, strong analytical skills, and pay attention to detail
  • Strong computer skills, including spreadsheets, databases, and word processing
  • Strong written and verbal communication skills
  • Highly motivated to develop a strong knowledge base of the insurance industry and an ability to learn about products, procedures, and operations
  • Ability to research problems or questions and provide responses to the requester
  • Ability to work both individually and as part of a team
  • Highly organized with the ability to work on multiple projects
  • Ability to work effectively in an office environment

4. BA in Economics with 3 years of Experience

  • ASA or FSA/FCIA, or progressing towards.
  • Experience in the Canadian Life and Health insurance/reinsurance industry.
  • Keen strategic thinking, business acumen, and problem-solving skills.
  • Excellent analytical and abstract reasoning skills.
  • Superior communication skills with the ability to communicate effectively and with impact in a variety of settings, including formal presentations, written documents, and client meetings.
  • Demonstrated ability to adapt in a dynamic environment with flexibility and effectiveness working under tight timelines.
  • Superior attention to detail and accuracy.
  • Strong problem-solving and organization skills.
  • Ability to establish and maintain good working relationships with other departments.
  • Advanced Excel, Word, Access.
  • Experience working with AXIS

5. BA in Mathematics with 5 years of Experience

  • Experience in PC pricing, predictive modelling, and loss reserving
  • Strong analytical skills, including the ability to draw conclusions and identify trends from data in a logical, systematic way
  • Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget
  • Strong interpersonal and team skills
  • Flexibility and proven ability to diagnose and resolve issues
  • The ability to see the "big picture," leveraging the resources of related practices to address clients' business challenges
  • Working knowledge of Excel, MS Project, and MS Word
  • Availability to travel on an as-needed basis
  • Experience working in an actuarial consulting environment
  • Solid experience using Emblem, Radar, Python, R, and ResQ
  • Membership in the Casualty Actuarial Society

6. BA in Statistics with 6 years of Experience

  • Have an FCIA designation or be in the process of obtaining it
  • Experience in pension plan consulting
  • In-depth, detailed knowledge of the actuarial valuation process
  • Good knowledge of pension plan legislation and actuarial standards of practice
  • Combination of excellent analytical and mathematical skills with a strong work ethic
  • Exceptional client focus with strong professional acumen
  • Have excellent communication skills (oral and written) and ease in developing good interpersonal relationships
  • Very good organizational skills
  • Dedicated team player who demonstrates initiative and independence
  • Master the Microsoft Office suite
  • Bilingual (English and French), oral and written

7. BA in Finance with 2 years of Experience

  • Working experience in a similar role
  • Good verbal and written English skills
  • Good communication and presentation skills
  • Skills in Microsoft Excel and Visual Basic for Applications
  • Good team players with a can-do attitude
  • The ability to apply the knowledge learnt at university.
  • Understanding of the real-life work environment.
  • Gain relevant experience, such as exposure to handling tasks with business cash flow and projection worksheets.
  • Able to support Prophet (cashflow projection software) modelling, maintenance, and regular operations.
  • Enhance soft skills through on-the-job training, e.g., communication skills.

8. BA in Accounting with 1 year of Experience

  • Must have a minimum 3.0 cumulative GPA
  • Experience/ability to work and complete projects in a team-oriented environment
  • Experience working with, proficiency in using spreadsheet software
  • Must be willing to comply with pre-employment screening, including drug testing, reference verification, and background check
  • Effective verbal and written communication skills
  • Good analytical and problem-solving skills
  • Must have completed junior year
  • At least one actuarial exam taken
  • Knowledge of databases and database queries
  • Intent to attain membership in the Society of Actuaries.

9. BA in Actuarial Science with 7 years of Experience

  • Previous PBM or healthcare industry experience with Medicare Part D knowledge
  • Strong data analysis and presentation skills
  • Pharmacy claim analysis experience
  • Financial and statistical reporting knowledge and experience
  • Ability to exercise considerable judgment, maintain confidentiality, and act in a diplomatic manner
  • A good educator who is trustworthy and willing to share information and serve as a mentor
  • Ability to independently identify, research, and resolve issues
  • An intelligent and articulate individual who can relate to people at all levels of an organization and possesses excellent communication skills
  • Ability to lead and work with peers in a team effort
  • Demonstrated ability to manage multiple priorities and deadlines
  • A well-organized and self-directed individual who can work with a minimal amount of supervision
  • The capability to efficiently complete tasks in a fast-paced environment
  • Proficient in Microsoft Office and industry-related software programs
  • SQL and/ or SAS programming knowledge and experience
  • Ability to work extended hours, weekends, and holidays according to industry demands

10. BA in Statistics with 6 years of Experience

  • Previous relevant industry experience
  • Sound knowledge of the Life or Non-Life insurance industry and the ability to apply that knowledge in commercial situations
  • Experience in financial reporting, in particular experience with Solvency II and/or IFRS reporting
  • Excellent analytical skills and problem-solving ability
  • Adaptable, with a keen interest in developing technical and commercial capabilities
  • Proven ability to creatively apply problem-solving skills in a wide range of situations
  • The capability to maintain effective relationships with clients and colleagues
  • Highly motivated with a proven ability to work effectively both independently and as part of a team
  • Excellent communication and interpersonal skills
  • Working knowledge of IFRS 17
  • Knowledge of SAS/SQL or experience in credit risk modelling
  • Proven experience of managing teams and/or projects
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