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Title
Text copied to clipboard!Actuary
Description
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We are looking for a dedicated and analytical Actuary to join our team. The Actuary will be responsible for analyzing the financial costs of risk and uncertainty, using mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. They will use their knowledge of business and economics, along with their understanding of probability theory, statistics and investment theory, to design and implement business strategies and processes that will assist our clients in planning for various future financial scenarios. The ideal candidate will have a strong background in mathematics, statistics, or a related field, and will have a deep understanding of the insurance industry.
Responsibilities
Text copied to clipboard!- Designing, testing, and administering insurance policies, investments, pension plans, and other business strategies to maximize profitability.
- Using mathematical modeling techniques and statistical concepts to determine probability and assess risks.
- Presenting findings, orally and in writing, to company management.
- Monitoring risk within trading positions.
- Collaborating with underwriters, accountants, and other professionals.
- Developing contingency plans to deal with emergencies.
- Keeping up to date with related legislation and regulations.
- Analyzing data to estimate the probability and likely cost of the occurrence of an event such as death, sickness, injury, disability, or loss of property.
- Analyzing business or customer data to improve pension or insurance programs.
- Assessing new product proposals.
Requirements
Text copied to clipboard!- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Strong mathematical and statistical knowledge.
- Proficiency in databases, spreadsheets, and statistical analysis tools.
- Strong problem-solving skills.
- Excellent communication skills, with the ability to explain complex processes and concepts in a clear and concise manner.
- Ability to work under pressure and meet tight deadlines.
- Attention to detail.
- Strong analytical skills.
- Good business sense.
- Membership of a professional body such as the Institute of Actuaries.
Potential interview questions
Text copied to clipboard!- Can you describe a time when you used your mathematical skills to solve a complex problem?
- How do you handle working under pressure and meeting tight deadlines?
- Can you explain a complex statistical concept in simple terms?
- How do you ensure accuracy in your work?
- Can you describe a time when you had to present complex data to a non-technical audience?