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Actuary Job Description

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Actuary Job Description

An Actuary uses mathematics, computer science and statistics to assess the risks associated with certain events and helps companies plan for or reduce the financial repercussions should these events occur. These professionals may also be known as Actuarial Analysts.

We are looking for an analytical Actuary who can interpret complex mathematical information and communicate it to others. The key elements of the role will include collecting information and using computer programs to assess the risks and costs associated with specific events in order to minimise their effects on businesses or clients. The Actuary will also present these findings to other parties and often influences major financial decisions.

To succeed as an Actuary, you should be committed to thoroughly assessing and communicating the potential risks of actions to companies and clients. You should be objective, detail-oriented, accurate, and efficient with excellent communication skills.

Actuary Responsibilities

  • Additional certifications and training may be required.
  • Extensive knowledge of mathematics, statistics, computer science, and calculus.
  • Familiarity with specific industries, such as finance or insurance, may be beneficial.
  • Strong communication and presentation skills.
  • Proficiency with computer software and modelling programs.
  • Bachelor’s degree in Actuarial Science, Mathematics, or a related field.

Actuary Requirements

  • Collecting and evaluating information to determine the potential risks of certain events and their financial impact on businesses or individuals.
  • Using computer programs to compile and analyse data and create models, graphs, tables, and reports that display findings.
  • Preparing reports for managers, stakeholders, clients, or other parties.
  • Presenting and communicating complex statistical and mathematical information to others.
  • Developing and refining strategies that minimise risk and costs to others.
  • Other duties, which may vary according to industry.
  • Additional certifications and training may be required.
  • Extensive knowledge of mathematics, statistics, computer science, and calculus.
  • Familiarity with specific industries, such as finance or insurance, may be beneficial.
  • Strong communication and presentation skills.
  • Proficiency with computer software and modelling programs.
  • Bachelor’s degree in Actuarial Science, Mathematics, or a related field.

Personalising Your Actuary Job Description Advise

The hiring process and recruiting new employees to fill your key roles requires a degree of personalisation if you are to attract the best employees in a competitive employment market. The right person for a crucial role or more senior roles will likely have other employers targeting them. As your job description will be the first point of contact, you need to nail your pitch and provide the best possible service.

When creating your bespoke description and advert, you should cover and promote these points:

Job title: This should accurately reflect the role and include keywords that top talent might be using to search for jobs.

Job duties: The day to day duties, such as administrative tasks, which vary depending on the company and inform the candidate if they can complete the role.

Technical skills: These are the hard skills required through training, such as proficiency with Microsoft Office.

Soft skills: These include the interpersonal skills and general abilities the right candidates will possess. For example, the competency to prioritise multiple tasks, handle customer queries and customer complaints, work alone, or build a good relationship with coworkers.

The company’s culture: Highlighting your company culture and values ensures employees thrive and find outstanding job satisfaction. Candidates that are not the right fit won’t waste their time completing the application process, meaning you can focus on qualified individuals and hire in a more timely manner.

Career progression: Including the career path will entice candidates looking for career growth. 

Training and development programs: Smaller companies may need employees with previous experience or provide educational assistance over internal training offered by larger organisations with more significant resources. 

Employee benefits: Compensation and benefits often fail to appear in job ads and while you may want to hold your cards close to your chest, failing to include them is a mistake. Consider answering common questions, such as working hours and paid leave. Researching the average salary for the role in these early stages will ensure you don’t waste your interviewer’s and the candidate’s time.

Skill gaps: Your company may need to bring in new skills beyond those required to complete the key role and duties. Thinking on an organisational level can be beneficial when contemplating skills diversity.

Legal requirements: Ensure your job advert and description does not ask for inappropriate or discriminatory personal details, such as age, marital status, or religion.


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