Actuarial Work and possible Career Paths for Actuarial Students

the actuarial club

No one will declare a track for you to pursue a particular practice area. In Actuarial Science, This is done implicitly the first time you takes an exam or module that is unique to a particular track after completing the common requirements to start Actuarial work

Examples Of Actuarial Work

Banking and Financial Serviceshelp banks and financial services companies with product portfolio, capital management and risk analysis
Consultingadvise clients on actuarial financial risks, usually associated with employee benefits and insurance
Enterprise Risk Managementprovide tools, techniques and perspective to manage operational risks at an enterprise or corporate level
Entrepreneurial Actuariesrepresents a wide range of opportunities for actuaries who desire to set up and run their own business
Environmental Financeapply finance techniques and practices to environmental issues
Health and Retirement Financingoffer advice on aspects of social insurance including funding levels and population projections
Investments and Fund Managementfocus on asset risks for asset managers but also contribute in areas such as hedging strategy, derivatives structuring and structured finance
Pensioncertify the contributions needed to fund a pension plan
Predictive Analyticsuse modeling and data analysis techniques on large data sets to discover predictive patterns and relationships for business use
Pricingdetermine product features and pricing
Product Line or Segment Risk Managementperform risk management functions for a specific line of business for an insurance company
Reinsuranceperform traditional actuarial duties for a reinsurer that would accept risk from a direct insurance company
Sales and Marketinghelp set policies, messages and compensation levels for those directly involved in marketing
Senior Managementprovide broad business and management oversight for an organization’s most senior decision makers
Valuationperform experience studies, cash flow testing and other tasks to set the amount of reserve and capital held by an insurer
Wealth Management and Financial Planningcontribute skills and expertise to wealth management firms and individuals (rather than to insurance companies)

Source: SOA

The Actuarial Club
A dedicated website to provide students with the latest news about actuarial and related domains and a website to help students in solving their problems and provide recent info about trends in actuarial

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