Hiring an Actuary
The role of an Actuary is highly skilled, and involves evaluating complex risks and assessing the possible financial consequences of those risks. Through the use of mathematics, statistics, and financial theory, the Actuary assesses the likelihood that an event will occur that could impact your company, and from there, help the company develop policies to minimise the impact of that risk.
An Actuary will typically work with a variety of different functional units within your company including sales, accounting and finance to analyse risks and uncertainty, as well as determine pricing strategies and advising on new projects. Using well-developed analytical skills, the Actuary can help to solve practical business problems, and contribute to your company’s growth through the creation of a competitive advantage.
An Actuary career
A career as an Actuary can be extremely rewarding, providing opportunities to have a valuable impact on a company’s ability to navigate uncertain markets. The role of an Actuary involves using a well-developed skill set to evaluate complex risks and assess the possible outcomes of those risks.
By combining mathematics, statistics, and financial theory, your skills as an Actuary can also help an organisation develop policies and strategies to better manage risk.
In a role that can see you interact with a wide variety of company teams, a career as an Actuary can give you the satisfaction of helping to solve practical business problems, and contribute to your company’s growth through the creation of a competitive advantage.
Actuary duties and responsibilities
The role of an Actuary is broad, with a job description that covers a range of responsibilities, including:
- Performing quantitative modelling and actuarial calculations
- Analysing statistical data and computer modelling to determine potential risks
- Suggesting strategies to manage risk
- Increasing efficiency by identifying ways to improve processes
- Reporting on findings to business leaders
Actuary qualifications and requirements
It is highly desirable for an Actuary to hold a Bachelor’s degree, preferably in:
Additional qualifications to consider include Institute of Actuaries of Japan (IAJ).
An Actuary should also have the following personal skills and experience:
- Three or more years of actuarial experience
- Strong quantitative modelling and problem-solving skills
- Ability to diagnose and resolve issues
- Excellent Japanese and English business language skills – both spoken and written
- Strong interpersonal skills to liaise with other a wide cross-section of company teams
Are you looking for an Actuary role? View our latest Actuary jobs here.