Acturial and Insurance Career Profiles
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Actuary
An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries are experts in financial security systems; their reasons for being, their complexity, and their mathematics. They evaluate the likelihood of events and quantify the outcomes in order to minimize losses associated with uncertain undesirable events. Actuaries are employed by insurance companies, pension plans, businesses, consulting firms and government agencies such as the Social Security Administration, all which face risk and uncertainty. To become an actuary, one must pass a series of examinations administered by the Society of Actuaries. The initial exams are primarily mathematics, including probability and statistics, and can be taken while still an undergraduate student.
For more information visit:
March 2007 Newsletter - Actuary Career Profile
Career Profile: John Parkinson, Actuary
http://www.beanactuary.org/about/whatis.cfm
http://www.bls.gov/oco/ocos041.htm
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Benefits Specialist
Benefits specialists are responsible for overall design, implementation, communication, and administration of the organization’s compensation and benefits program. They ensure that compensation and benefit programs support the organization’s strategic objectives. They are also responsible for the development and administration of all benefits programs that are designed to attract and retain employees within budgetary constraints.
For more information visit:
http://www.bls.gov/oco/ocos021.htm
http://swz.salary.com/salarywizard/layoutscripts/swzl_mathjob.asp?searchtextvalue=benefits+director
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Financial Analyst
Financial analysts read company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates in order to determine a company’s value and to project its future earnings. They often meet with company officials to gain a better insight into the firm’s prospects and to determine its managerial effectiveness. Usually, financial analysts study an entire industry, assessing current trends in business practices, products, and industry competition. They must keep abreast of new regulations or policies that may affect the industry, as well as monitor the economy to determine its effect on earnings.
For more information visit:
http://www.bls.gov/oco/ocos259.htm
http://www.princteonreview.com/cte/profiles/dayInLife.asp?careerID=68
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Investment Analyst
Investment analysts provide analysis and guidance to businesses and individuals to help them with their investment decisions. Both types of specialists gather financial information, analyze it, and make recommendations to their clients. They assess the economic performance of companies and industries for firms and institutions with money to invest.
For more information visit:
http://swz.salary.com/salarywizard/layoutscripts/swzl_matchjob.asp?searchtextvalue=investment+analyst&origin
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