Actuary
Actuaries analyse mathematical, statistical, demographic, financial and economic data in order to predict and assess the long-term risks involved in financial decisions and planning.
Actuaries may perform the following tasks:
- analyse statistics relating to factors such as death, illness and accident, and current trends in the economy to design new types of life insurance and superannuation policies
- work out appropriate premiums or contributions and rates of return by calculating the future probabilities of events such as unemployment, illness or changes in interest rates
- make sure that 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.
Personal Requirements:
- good written and oral communication skills
- good mathematical ability and capacity to solve complex problems
- able to think clearly and logically.
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