ACTUARY SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: Nov 13, 2024 – The Actuary has expertise in IFRS17, US GAAP, and economic valuation frameworks. This role requires skilled communication with internal clients and regulators, with a background in valuation and pricing across reinsurance, primary insurance, and consultancy. The actuary also has proficiency in actuarial modeling systems, MS Excel, and analyzing large data sets, while balancing technical and business needs.

Essential Hard and Soft Skills for a Standout Actuary Resume
  • Mathematical Modeling
  • Probability Theory
  • Statistical Analysis
  • Risk Management
  • Financial Reporting
  • Actuarial Software
  • Forecasting
  • Data Analysis
  • Asset Management
  • Insurance Pricing
  • Analytical Thinking
  • Problem-Solving
  • Attention to Detail
  • Communication
  • Time Management
  • Critical Thinking
  • Decision Making
  • Adaptability
  • Teamwork
  • Creativity

Summary of Actuary Knowledge and Qualifications on Resume

1. BA in Statistics with 3 years of Experience

  • A qualified actuary or close to being qualified through the Institute and Faculty of Actuaries' exams
  • Experience in a pensions consulting/technical environment
  • A practical, wide/deep knowledge of occupational DB (defined benefit) pensions
  • The ability to deliver to tight timescales
  • Meticulous attention to detail
  • Experience in supporting and developing actuarial students through project work
  • A good working knowledge of Microsoft Word, Excel, and PowerPoint
  • Communicate effectively, both orally and in writing, and develop and manage a rate filing tracking system
  • Proficiency in System for Electronic Rate and Form Filing (SERFF), and Adobe Acrobat.
  • Excels at building partnerships and fostering teamwork

2. BA in Finance with 4 years of Experience

  • Strong organizational skills
  • Ability to work in a collaborative environment.
  • Excellent communication and presentation skills
  • Experience working in a data science role
  • Strong knowledge of database and statistical languages and cloud base infrastructure solutions
  • Ability to analyze large amounts of data including understanding and dealing with informational gaps
  • Hold ASA Designation or FSA designation.
  • In-depth knowledge of life products and benefits.
  • Ability to lead analysts in the creation of pricing engines and/or independently create pricing engines.
  • Solid financial modeling experience using actuarial software, preferably MG-ALFA.

3. BA in Mathematics with 6 years of Experience

  • Strong knowledge and working experience in L&H business
  • The ability to communicate business needs with internal clients and external regulators
  • A good working knowledge of IFRS17
  • Knowledge of US GAAP and Economic valuation frameworks
  • Able to quickly develop an understanding of new systems and processes.
  • L&H valuation or pricing experience in reinsurance, primary insurance, or insurance consultancy.
  • Attained or close to attaining Fellowship in Actuarial Professional examination.
  • Excellent interpersonal, communication, and organizational skills.
  • Ability to balance technical requirements and business mindset to be solutions-oriented
  • Strong technical knowledge and the ability to analyze large amounts of data.
  • Good knowledge and proficiency in actuarial modeling systems, and MS Excel.
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