An Actuarial Consulting Firm Can Be A Good Career MoveWorking in an actuarial consulting firm can be a very interesting job for an actuary. You get to visit different clients, and might travel in order to do this, depending on the company. Work in an actuarial consulting firm gives you a chance to do all different types of jobs, rather than doing the same tasks for the same company over and over again. Working in an actuarial consulting firm is great for those who like a challenge, since you are always working on new and different problems. You also have to be able to work on multiple projects at the same time, and good with time management. Actuaries working in this type of firm need to have very good communication skills since they need to work closely with clients in order to develop a plan to meet the clients' needs, including a timeline and a schedule for deliverables. The actuary needs to make sure that the clients of the consulting firm understand the analysis he/she is providing, and that they know how to properly use this information. Working in a consulting firm also requires good teamwork. Many times actuarial consultancy projects are handled by teams, with a senior consultant having other consultants and/or students working under him in order to complete projects. There may even be legal issues to consider, and so many consultancies will have lawyers of some kind. There is also a bridge to HR work for some actuaries. Many actuarial consulting firms prefer to hire actuaries with more experience since the position can be challenging. Even actuarial student listings tend to want actuaries who have passed at least one or two of the actuarial exams. Senior consultant positions usually want actuaries who have attained the Fellowship level, and for these actuarial postings the education is vital. Some of the major actuarial firms include Pinnacle Actuarial Resources, Inc., Perr & Knight, Milliman, Inc., Deloitte, Stanley, Hunt, DuPree & Rhine Inc., Watson Wyatt, and PricewaterhouseCoopers; If you are looking for a position with an actuarial consulting firm, you might also want to try using one of the many actuarial recruiting firms which know all about the commercial side to the business. They might know of some positions with actuarial consulting firms that you have not come across in your job search. Some of these firms are DW Simpson & Company, The Emerald Group, SK Associates, SC International, and Stewart Search.; There are also lots of websites where you can look for jobs with an actuarial consulting firm. These include the Casualty Actuarial Society and the Society of Actuaries websites, www.actuary.com, Career Builder's Actuary Jobs page, indeed.com, Monster.com, www.insurancerecruiters.com, and www.simplyhired.com, among others. A search for actuary jobs brings up lots of results to investigate. |