Actuaries are problem solvers and strategic thinkers, who use their mathematical skills to help measure the probability and risk of future events. They use these skills to predict the financial impact of these events on a business and its clients.

Day-to-day Tasks

  • analyse figures
  • forecast finances
  • test financial options
  • assess risks
  • use computers to build mathematical and statistical models
  • write reports and presentations
  • explain findings to managers, government ministers or business clients

Skills and Knowledge

  • good maths and analytical thinking skills
  • able to pay attention to detail
  • knowledge of economics and accounting
  • the ability to think clearly using logic and reasoning
  • the ability to use your judgement and make decisions
  • ambition and a desire to succeed
  • able to use a computer and the main software packages confidently

Industry Qualifications

 You can get into this role by doing a degree and then joining a graduate actuarial training scheme.

 Most employers will look for a degree with a high level of mathematical skills. For example maths and statistics, actuarial science, economics, physics, chemistry, engineering and accounting.

 A course with a placement year or a summer internship will give you valuable experience and an advantage when you apply for work. Some actuarial companies may offer sponsorship for postgraduate courses.

 If you love Maths but don’t have a relevant degree you can take an entry exam with the Institute and Faculty of Actuaries. Read more information here.

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