Actuarial Analyst
Use mathematical skills to evaluate financial risks and provide strategic advice to businesses.
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- What's it like to be an Actuarial Analyst?
- How to become an Actuarial Analyst
- Latest Actuarial Analyst jobs
- Top skills and experience for Actuarial Analysts
What's it like to be an Actuarial Analyst?
An Actuarial Analyst is a professional who uses mathematical and statistical methods to assess and predict risk in financial sectors. Their primary responsibility involves analysing uncertain future events. Actuarial Analysts utilise financial theory and computer science, often developing complex spreadsheet programs to perform their calculations. They frequently work in the insurance industry but can also find roles in consulting firms, government agencies or investment banks.
Tasks and duties
- Analysing statistical data to calculate the probability of various risks such as mortality, illness, injury and property loss.
- Creating and utilising complex mathematical models to forecast future financial scenarios.
- Collaborating closely with other professionals such as underwriters and accountants to design insurance policies, pension plans and investments.
- Presenting reports and explaining their implications to managers and stakeholders.
- Ensuring data accuracy and consistency, and developing methodologies for data collection and analysis.
- Continually updating skills and knowledge on economic and market trends to provide accurate and current financial forecasts.
How to become an Actuarial Analyst
An Actuarial Analyst uses mathematical and statistical methods to assess and predict risk in financial sectors. Their primary responsibility involves analysing uncertain future events.
- 1.Degree in Mathematics, Statistics, Actuarial Science or a relevant discipline.
- 2.To be an appointed actuary or certifying actuary in Hong Kong, one must be a Fellow Member of the Actuarial Society of Hong Kong.
- 3.Proficiency in statistical computer software/ knowledge in actuarial software e.g., Prophet is an advantage.
- 4.Knowledge of methodology and principles in Solvency II, HKRBC (Hong Kong Risk-Based Capital Guideline) and IFRS (International Financial Reporting Standards).
- 5.Excellent analytical, communication and interpersonal skills.
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Actuarial Analyst employers on Jobsdb are looking for job seekers with expertise in the following areas. Actuarial Studies
Product Positioning
Bancassurance
Profit Oriented
Product Development
Competitor Analysis
Reinsurance
Valuation
Business Planning
Process Improvement
Mathematics
Strategic Thinking
Financial Reporting
Statistics
Capital Management
Problem Solving
International Financial Reporting Standard 17
Communication Skills
Underwriting
General Insurance
Source: Jobsdb job ads and Jobsdb Profile data
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