Job Responsibilities
The main work of the casualty actuaries involves gathering and analyzing statistical and financial data. Along with this, they have to implement pricing changes, recommend the development of new programs and products. They also have to prepare for the examinations that they have to give for becoming the member of this organization. If you want to enter this profession, you have to begin gathering the skills while you are still in school. Good mathematics skills can help you a great deal.
Educational Requirements
The basic educational requirement for this career is a bachelor's degree in any of the following subjects: actuarial science, mathematics, statistics, economics, finance or accounting. Taking training programs in probability, calculus and statistics can benefit your career and provide you extraordinary skills. One can also take up liberal arts courses to make sure that his communication skills are up to the mark.
Skills Required
One needs to know statistics and mathematics well in order to be good in his job. This job is demanding and thus one needs to have immense knowledge of the business trends, economics and laws of the society. The firms today work with the help of computers and if you are entering this profession, basic computer skills are a necessity along with good communication skills.
Internship and Examinations
The new students in the field can get to work with companies and get their training for a particular period of time. Actuarial training is dynamic in nature just like the environment of the companies. The trainees get to work on different projects and get to attend formal classroom training sessions as well.
Getting Into the Profession
To be a casualty actuary and work with CAS, one needs to go through a series of examinations. This is one of the most important parts of the career of an actuary. The CAS has set these examinations that make use of different principles and techniques of this profession.
To get a job, you can check the website of the CAS and get to know about the job and training openings. You have to make sure that you take up at least two examinations before you obtain your graduation degree so that the job market finds you appropriate of getting a job and you van get on to the higher levels easily. The first few exams that you will give will not require any special actuarial skills so it will be easy for you to pass them.
As soon as you pass these examinations, you should apply for the job. It is likely that you would need to go through a long training before you can actually start working and get to know the working of the company. You will have to keep the studies going on so that your career can progress fast and you become a professional.
