Pension Examiner

The main role of actuary analysts is to save companies money and time, by identifying the possible risk in investment. Apart from that they have to

☛ Identify an area of investment having a minimum risk factors

☛ Avoid the situation where the quantifiable risk is relatively low in terms of the potential gains

☛ To provide actual quantifiable estimates by creating complex financial models

☛ Providing rating or ranking of different investment opportunities based on the risks to the possible returns

Actuarial life tables are statistical charts that provide detail about life expectancy in a given population.

The role of the actuary in consulting firm varies, it may include

☛ Give investment advice

☛ Evaluating a company’s insurance program cost for the employees

☛ Can work for a labor union to evaluate and estimate what the new health plan provided would cost

☛ Giving evidence on how automobile insurance rates should be determined

☛ Testify in court about the loss of potential lifetime earnings by a person who has been disabled or killed in an accident

☛ Determining the future pension benefits based on the current value in divorce cases.

The job of pension’s actuary is to help pension’s providers to set the pension rates and craft retirement policies that minimize risk. They apply their skills to the creation and maintenance of sustainable retirement plans. Majority of the pension actuaries work in a pensions actuarial firms while others work in government bodies.

At the moment in five years time I can see myself progressing along my chosen path and currently I would like to progress into a managerial role. But, if in two to three year's time a better, more suitable opportunity shows itself, then I would give it my consideration. Actually I would like to have won the pools and be sitting on a boat drinking wine in the Med. (Humour can sometimes help.)

I see this as a long-term career move.

I've listened very carefully to what you've told me about the position and on that basis I'm confident that I could do the job as well as, if not better than, the others you have seen.

I have a good relationship with my boss; he/she is not the reason I'm looking to move.

I have been working in the insurance industry for some time, so I have become accustomed to handling criticism. I have one coworker in particular who has a real knack for pointing out minor mistakes, and I have learned to take it in stride and implement suggestions rather than fighting someone about it.

An actuarial report includes the future and current conditions of the fund, like in case of pension or insurance policy, it helps to decide whether it meets the need of people depending on it. For government organization, this actuarial report is available on public request, while, for privately managed fund, it might not be accessible to the public.

Actuarial assistant is a helping hand to actuary; it plays a valuable support role to the actuary, assisting with the calculation of premium rates, policy liabilities and developing new products.

As a company they are fine but I do not think they can match my ambitions with the possible opportunities offered and now is a right time for me to move on.