This document discusses careers as an actuary. It notes that actuarial work involves statistical techniques, product design, investments, underwriting, and medical knowledge. Those interested can qualify through exam bodies in various countries. Career paths include life insurance companies, general insurance companies, and consultancies. The responsibilities of an appointed actuary include ensuring long-term solvency and balancing objectives of shareholders and policyholders. Employers seek graduates with strong analytical skills, an understanding of actuarial concepts, initiative, and a range of interests.

1. A Career As An Actuary By Erwin C J De Smet Actuarial Recruitment Consultant PeopleSearch Ltd.

2. A Career As An Actuary Entry Requirements math-related university degree eg mathematics, statistics, engineering, actuarial science, computer science Question: which discipline best-equip us for entry into the A Career As An Actuary?

3. A Career As An Actuary Multi-discipline Profession daily work involves actuarial skills statistical technique evaluation of marketing aspects of product design computer system projects investment decisions underwriting & medical knowledge

4. A Career As An Actuary Choice of Exam. Body Institute of Actuaries, UK Institute of Actuaries, Australia Society of Actuaries, USA

5. A Career As An Actuary Choice of Exam. Body recognition by regulators - all are recognised in HK relevance to employers - US GAAP for US-listed companies relevance to future regulatory developments - Australian MOS & Canadian PPM are more forward-looking methods

6. A Career As An Actuary Choice of Career Track Life insurance company individual life group life pension General insurance company Consultancy

7. A Career As An Actuary Choice of Career Track Question: which career track is most suitable for me?

8. A Career As An Actuary A Career in Consultancy entry level : a lot of number crunching involve in 1 project at a time (less need to manage multiple project and multi-task) higher frequency of travelling more emphasis on presentation (both written & oral) less familiar with actual working of an insurance company higher level : ability to maintain client-relationship & to generate business is important more opportunity for M&A projects outgoting personality

9. A Career As An Actuary A Career in a Life Office entry level : a lot of number crunching involve in multiple tasks at a time (need to manage multiple project and multi-task) lower frequency of travelling more emphasis on programming / system skills chance to interface with marketing / agency mgt / life office operations higher level : natural path to senior life office mgt more opportunity to see a project from start to finish ability / willingness to tend to details

10. A Career As An Actuary Typical Career Path total yrs job title exam. Passes 0 - 4 actuarial associate 0 - 25% 4 - 7 managerial position 25 - 50% 8 + corporate officers 75 - 100% 15 + Appointed Actuary Fellow 20 + CFO Fellow

11. A Career As An Actuary Responsibilities of an Appointed Actuary long-term solvency of the company - your decisions today will impact even 30-50 years later - different assumptions on projections often produce very diverse results - great need to exercise judgment / draw from experience - need breadth of knowledge to discharge duties safeguard money of millions of policyholders balance objectives of shareholder & policyholders responsibility to the regulator answerable to the Board of Directors

12. A Career As An Actuary What do employers look for? Actuarial graduates - clear understanding of basic actuarial concepts - ability to explain such concepts in layman’s terms Other graduates - clear analytical mind - ability to think / talk through a problem step-by-step with guidance Career aspirations & mobility (?) Broad range of interests / current issue awareness Initiative