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To work as an actuary, one usually studies advanced mathematics, business management, computer science, corporate finance and economics. Statistics and probability courses are essential to take. Actuaries pass exams offered by the Society of Actuaries or Casualty Actuarial Society before gaining a license.

Actuaries begin with a four-year college degree. During their education, they learn how to evaluate the impact of certain financial risks. Using this information, they create programs that keep a business or individual fiscally sound, even after a catastrophic event, death or environmental collapse. They evaluate the different aspects of capital investments, insurance plans and security products and learn how to use them to avoid the odds of fiscal uncertainty. They learn portfolio management and learn to use formulas to control an outcome following a negative life event.

After getting a degree, the expert completes a series of examinations to earn their license. It takes six to eight years to become a professional actuary. When starting out, many spend their time working their way up through the system. They may read profit, loss and business liability statements. Their boss may then ask them to discuss the odds if certain events occurred. Once this is done, they'll offer input on designing a portfolio that meets the client's needs for the present and future.

While completing college studies, students participate in internships helping them to hone their skills. The internship may lead to full-time employment after finishing their degree and completing the licensing exams.

Actuaries may work for an investment firm, insurance company or as a consultant. Get expert help planning for the future. They'll make sure you're protected from risks during unexpected circumstances. Actuaries share advice you need to minimize or avoid negative fiscal impact.

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Triangle Actuarial Services Write review for this local business
6113 Riverside Dr, Wake Forest, NC 27587
(919) 562-1228  
Whether you have a small or large insurance business, you should consider hiring an actuary to perform risk evaluations, designing creative policies that minimize the impact of that risk. Choose an actuary that specializes in the exact type of consulting services you need. In your search, contact a few different professionals. Compare salary rates, services, track record, education, and knowledge of your particular industry. Keep in mind that actuaries, through their knowledge of statistics, finance, and business, assess the risk of certain events occurring in the future. They often work for the insurance industry, designing creative policies that minimize future risk of events and the financial impact on clients. They also help businesses to formulate policies that minimize the cost of certain risks, thereby offsetting said risk. Such risk can include catastrophic consequences, big and small risk, natural disasters, illnesses, death, loss of property, and accidents. Some work for other financial services industries, helping companies price corporate security offerings, provide management of credit, and calculate earnings based on circumstances. Make sure the actuary you choose has a good reputation in the industry. Take note of how much experience the professional has in performing evaluations and if he or she has any business affiliations. Get full contact information. Make a detailed list of the strengths each actuarial consultant brings to the table. Make sure the actuary you are considering has the talent and necessary experience to add to your team. If looking for a job as an actuary, choose a company that is close to you, offers a competitive salary, gives you duties that match your skill set, and can provide you with the job perks and environment you want.