Job Summary

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk.

  • Minimum Qualification: HND
  • Experience Level: Entry level
  • Experience Length: 2 years

Job Description/Requirements

Actuaries typically do the following:

  • Compile statistical data and other information for further analysis
  • Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster
  • Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability
  • Produce charts, tables, and reports that explain calculations and proposals

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