Profession actuarial consultant

Actuarial consultants analyse, manage and provide guidance on financial impact of risks. They can work in fields related to insurance, pension, investment, banking, healthcare etc. Actuarial consultants apply technical and statistical models and theories to give strategic, commercial, and financial advice.

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Personality Type

  • Conventional / Investigative

Knowledge

  • Actuarial science

    The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.

  • Financial products

    The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.

  • Statistics

    The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.

Skills

  • Provide support in financial calculation

    Provide colleagues, clients or other parties with financial support for complex files or calculations.

  • Synthesise financial information

    Collect, revise and put together financial information coming from different sources or departments in order to create a document with unified financial accounts or plans.

  • Apply statistical analysis techniques

    Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.

  • Advise on financial matters

    Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.

  • Analyse market financial trends

    Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

  • Create a financial plan

    Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.

  • Produce statistical financial records

    Review and analyse individual and company financial data in order to produce statistical reports or records.

  • Perform risk analysis

    Identify and assess factors that may jeopardise the success of a project or threaten the organisation's functioning. Implement procedures to avoid or minimise their impact.

  • Obtain financial information

    Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

Optional knowledge and skills

business loans insurance law analyse loans banking activities analyse financial risk communicate with banking professionals debt systems develop investment portfolio types of pensions provide cost benefit analysis reports advise on risk management types of insurance insurance market review investment portfolios examine credit ratings credit control processes principles of insurance analyse insurance risk modern portfolio theory consult credit score

Common job titles

  • Entry level actuarial service center analyst - dallas
  • Retirement benefits consultant
  • Intern
  • Actuarial analyst - entry level
  • Entry level actuarial service center analyst - philadelphia
  • Pc actuarial intern- university
  • Consultant, pc act rsch analyst
  • Informatics data scientist i-iii (healthcare/ sas/ business intelligence)
  • Plan termination group consultant
  • Consultant, hedging