Actuarial Profession
Romik Rai | Risk Officer | Ageas SA/NVWhat is Actuarial Profession?
A Career in Actuarial Profession is very intriguing. Understanding Why one wants to choose a Career in Actuarial Profession is phenomenally more important than figuring out How to get into Actuarial Profession. The internet is a great source of information on Actuarial Profession, but it is second best to learning about the same from a real professional.
Risk Officer Romik Rai has worked in Actuarial Profession for 9 years. Risk Officer Romik Rai defines Actuarial Profession as:
An Actuary is a business professional who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet, and require asset management, liability management, and valuation skills. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.
How Risk Officer Romik Rai got into Actuarial Profession?
After completing my Masters in Actuarial Studies from University of New South Wales, Australia, I started working as a consultant with Watson Wyatt Worldwide. I have worked with over 20 financial institutions across Europe and Asia. Currently, I am the Founder and CEO of Greenassets.in which I started in 2015 in India. Greenassets.in is a startup where we promote investments which have a positive environmental and social impact.
Risk Officer Romik Rai's Talk on Actuarial Profession |
|
Starts with what is: | |
1) | Actuarial Profession |
Next, it covers Education. We all know that only 10% of what is taught in Actuarial Profession is actually used in real life. The Education section of the Talk clearly explained what is the 10% needed in Actuarial Profession. It explains Education needed in Actuarial Profession with these items: | |
2) | Financial Mathematics |
3) | Economics |
4) | Probability and Stats |
5) | Statistical Software |
6) | Proficiency in English |
Then, the Talk focuses on the most important component that is Skills. Anyone aspiring for Actuarial Profession needs to understand that Skill development is crucial for success. It discusses following headings for Skills in Actuarial Profession: | |
7) | Logic and Reasoning |
8) | Problem Solving |
9) | Ability to Collaborate |
10) | Communication Skills |
Positives of Actuarial Profession are quite interesting. This Talk defines Positives in terms of following items for Actuarial Profession: | |
11) | Monetary Potential |
12) | Global Employability |
13) | Low Stress |
14) | Work Life Balance |
15) | Non-Hazardous Job |
It is important that one develops a fair understanding of the Challenges of Actuarial Profession: | |
16) | Difficult to Qualify |
17) | High level of Concentration |
18) | Cause of Public Interest |
19) | Specialist, not General |
20) | Lifelong Learning |
In the final section of the Talk, Romik Rai talks about How a day goes in a Career in: | |
21) | Actuarial Profession |
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How to get into
Actuarial Profession?
If you are want to get into Actuarial Profession, start by investing in a Career Plan.
The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Actuarial Profession is merely an infatuation or is it truly something you wish to do for the rest of your life.
Next, your Career Advisor will help you document how you can get into Actuarial Profession, what education and skills you need to succeed in Actuarial Profession, and what positives and challenges you will face in Actuarial Profession.
Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Actuarial Profession.
LifePage Career Plan
14 hour personalized guidance program
Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.
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LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.
Links for this Talk
LifePage Career Talk on Actuarial Profession
[Career]
https://www.lifepage.in/careers/actuarial-profession
[Full Talk]
https://lifepage.app.link/20170331-0001
[Trailer]
https://www.youtube.com/watch?v=gvQePafoE8E
(Actuarial Profession, Romik Rai, Ageas SA/NV, Actuary, Insurance, Mathematics, Risk Management, Finance, Statistics, Economics, Commerce)
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