Actuary

• Audit the work of internal actuaries at insurance outfits
• Compile statistical data for comprehensive analysis
• Design policies to minimise risk and maximise a firm’s profitability
• Administer corporate measures to ensure balanced calculations for pension plans
• Produce charts that highlight results, proposals and calculations
• Explain findings to public officials, executives, clients, shareholders and other parties
• Review company policies to make sure that they align with your mandate
• Provide expert witness testimony in a lawsuit that deals with insurance or financial risks
• Establish new risk analysis methods and models
• Stay up to date on financial developments in the business world
• Travel to meet clients outside the city to discuss business and communicate data and findings
• Work on a team of accounting professionals, finance managers and underwriters
• Manage employee benefit programmes, like employer-sponsored healthcare, for companies

As an actuary, you will start your career as an entry-level trainee, working closely with more experienced actuaries. The role will begin quite easily, completing elementary tasks, such as gathering data, conducting research and penning reports. Employers might further cover the cost of exams, certifications and licensing.

As the years roll by and you have obtained licensing and certification, then you can advance to as high as chief risk officer.