For instance, it would help a bit to know what events could possibly occur to cause a problem in the company. Such problems could include fire. Fire insurance can be quite important, especially when selling, renting, or providing a loan. Think about it, how many people would want to rent if there was no fire insurance available? For this reason many loan institutions actually require that the individual taking out the loan use fire insurance or at least renters insurance.
Any type of loan or activity will require some sort of insurance these days. For instance if you are renting a car you will need to either have your own insurance or take out the company's insurance policy for the time that you are renting the car. You might not want to, but the actuaries at the company have determined that it would be prudent.
So this is what an actuary job entails: predicting the worst and hoping for the best. Any possible situation that could arise, whether it be an accident, personal injury, or a lawsuit born out of boredom, that is what the actuary needs to prepare for.
Actuaries work out of offices. Sometimes they are on site, and sometimes you will find them in their own buildings. It really depends on how the company is structured and how big a role the actuaries play in their day to day business. That's not to say that the actuary plays a small role by any means, but as with any position in any company, some roles are bigger than others.
To do this job you will need good planning skills, and you will need to be able to think on your feet. For some that is a daunting task, but others will feel right at home with it. In some cases you will need a college degree, but the level of degree will depend on the company that you are going to work for.
You can start getting ready today by writing your resume. If you have had any previous experience in a field of this type then make sure you note it in your experience section. Remember that the employer will most likely look at your experience long before he or she knows your name. With that in mind, you will also need a decent cover letter that reflects who you are and what exactly you can bring to the company. So with that in mind, get as much experience as you can, because if you are cut out for the job, you can probably foresee that it's going to be a long hard road.
