Actuary

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26 Likes

Job Description

Analysing statistical data that relates to different types of insurance such as life, car, building etc. to construct probability tables from which they can determine the risk involved in insuring certain people.

Entry Requirements

You’ll need to join the Institute and Faculty of Actuaries (IFoA) as a student member. You’ll then study for professional exams while you work as a trainee actuary.

To join the IFoA you'll usually need a degree in maths or a related subject, like:

actuarial science
economics
physics
engineering
accounting
statistics
Experience in an actuarial department could help you find a trainee position.

You could also enter this career from a related profession, like risk management, financial services or business analysis.

The IFoA has more information on how to become an actuary.

Required Skills

  • The ability to write reports
  • Good communicate skills
  • Problem solving abilities
  • The ability to make decisions and take responsibility
  • Excellent people and listening skills
  • A genuine interest in business
  • Good IT skills

Starting Salary

£25,000 to £35,000

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