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Serious candidates for chief actuary job openings are typically senior members of the profession and will have completed the exams, VEE, and other certifications for associate or fellow status in the Academy of Actuaries. This level of responsibility also typically requires several years of experience and recommendations from other industry professionals. In order to be able to sign actuarial statements of opinion, an actuary must be a member of the aforementioned academy.
An actuary of any level is most likely to work in the insurance industry, which depends totally on actuaries and their work. Actuaries not only work from actuarial tables of risks, they create new ones and help develop new insurance products. This requires math, computer, and programming skills, as well as specific knowledge of the kind of risk being assessed.
Those who would seek chief actuary job openings expect to supervise others. This means that they often run the actuarial department in question and may also manage other areas, such as finance and accounting, in some companies. Working under them are senior actuaries, associate and assistant actuaries, and student actuaries who are still gaining experience and working on certification requirements.
Like all actuaries, those seeking chief actuary job openings will need excellent communication skills in addition to their analytic skills, since they must relay complex information in a format that their clients can understand and trust. They must also be able to communicate well with other actuaries and students, as well as with their ancillary staff of clerks and secretaries. The need for good written and spoken communication skills cannot be underestimated.
Depending on the size of the company and its nature, the chief actuary may be the one developing projects or may instead supervise others with this responsibility. It is understood that those seeking chief actuary job openings will have had experience in project development and will be able to share that expertise with their staff.
Chief actuary job openings now encompass many other industries besides regular insurance. A chief actuary might be put in charge of a pension fund, for example, or work in banking and finance, or even work for a governmental program such as Social Security. The need for experienced and credentialed actuaries is high and growing, as the number of listings for chief actuary job openings on ActurialCrossing.com will attest.
The Wall Street Journal called being an actuary the second best job available considering both the satisfaction and challenges of the job, as well as the financial rewards. Again, using ActuarialCrossing.com and entering ''chief actuary job openings'' as the search term is the fastest and most productive way to see how many of these jobs are available.
