Actuaries

An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modelling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.

About this Career

Average Salary

£39,665

New workers start at around £22,961. Normal pay is £39,665 per year. Highly experienced workers can earn up to £66,903

Annual Openings

69

Job counts include both employed and self-employed persons in London, and do not distinguish between full and part-time jobs

Daily Tasks

  • Addresses seminars, conferences and the media to present results of research activity or to express professional views.
  • Provides economic or statistical advice to governments, commercial enterprises, organisations and other clients in light of research findings.
  • Designs and manages surveys and uses statistical techniques in order to analyse and interpret the quantitative data collected.
  • Uses appropriate techniques and theoretical principles to determine an appropriate method of data collection and research methodology, analyse and interpret information gained and formulate recommendations on issues such as future trends, improved efficiency.
  • Uses a variety of techniques and theoretical principles to establish probability and risk in respect of e.g. life insurance or pensions.
  • Assesses the objectives and requirements of the organisation seeking advice.

Skills Employers are looking for

Skills Importance
Mathematics 88%
Active Learning 84%
Writing 80%
Critical Thinking 78%
Reading Comprehension 76%
Active Listening 75%
Monitoring 74%
Learning Strategies 73%
Speaking 72%
Science 70%

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