Actuaries evaluate risk and opportunity, applying mathematical, statistical, economic and financial analyses to a wide range of business problems.
Duties & Tasks
Actuaries may perform the following tasks:analyse statistics relating to factors such as death, illness and accident, as well as current trends in the economy, to design new types of life insurance and superannuation policies
determine appropriate premiums or contributions and rates of return by calculating the future probabilities of events such as unemployment, illness or changes in interest rates
ensure insurance companies have sufficient financial reserves to meet claims
advise companies on investment policy and the distribution of profits to policyholders
undertake financial projections for, and measure and analyse the investment performance of, life insurance companies, financial institutions and government organisations
provide advice to potential buyers or sellers of companies.
enjoy problem solving
good at mathematics
strong written and verbal communication skills
ability to think clearly and logically
focus and an eye for detail.