Actuaries are professionals employed by companies to manage risks by predicting potential forthcoming events, finding ways to reduce the negative impact of those events, and laying out the relevant investment plans and strategies. Actuarial careers are among the top-rated careers, in large part due to the fact that the potential career growth for actuaries is seemingly limitless.
Actuaries organize and analyze relevant information in order to estimate potential costs due to deaths, ill health, accidents, disabilities, and losses of property. They resolve financial issues relating to pension contributions for retirement income, in addition to formulating investment strategies to maximize returns with minimal risk. They also help design insurance policies, pension plans, and life and health insurance products, keeping in mind the possibility of future claims. Property and casualty actuaries calculate the claims likely in the future, based on factors such as age, gender, driving habits, medical reports, earnings, etc., to ensure that the premiums charged are profitable to the company in question. Long-term life, health, and annuity policies for individuals are also developed by actuaries. In the corporate sector, meanwhile, actuaries manage the investment needs, pension policies, and security offerings of the given company, thus helping the company in its policy building and execution. Actuarial operations also include underwriting, accounting, data processing, marketing, and advertising, while job responsibilities include product development, pricing, financial reporting, and asset and liabilities management.
Applicants for entry-level actuarial job openings should have strong mathematics backgrounds and bachelor’s degrees in fields such as actuarial science, commercial mathematics, business economics, and finance. Passing the Actuarial Society examination is also a minimum qualification for many entry-level actuarial job openings.
There are plenty of entry-level actuarial job openings listed on the World Wide Web and many websites that post them. However, ActuarialCrossing.com is the foremost actuarial job board, and, drawing from more than 250,000 actuarial employers, provides the largest, most comprehensive, and well-researched database of actuarial jobs. The layout of the site and its advanced search tools make quick and accurate job searches for entry-level actuarial job openings easy. The site also offers online support through actuarial reports and articles designed to enhance the careers of actuarial professionals. So, if you’re looking for a high-paying entry-level actuarial job, check out ActuarialCrossing.com.
