Actuarial Profession
Romik Rai | Risk Officer | Ageas SA/NVWhat is Actuarial Profession?
You may be curious about a Career in Actuarial Profession. One should first understand What a Career in Actuarial Profession entails before investing time and effort to figure out How to start a Career in Actuarial Profession. The most authoritative source of information on Actuarial Profession is someone with real experience in it.
Risk Officer Romik Rai is an experienced professional with 9 years in Actuarial Profession. 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. It is easy to Google information about what Qualifications are needed to enter Actuarial Profession, this Talk went a step ahead to talk about the body of knowledge one needs to develop to excel at 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. Skills are the most important factor determining success in a Actuarial Profession. It explains Skills needed in Actuarial Profession with these items: | |
7) | Logic and Reasoning |
8) | Problem Solving |
9) | Ability to Collaborate |
10) | Communication Skills |
Positives of Actuarial Profession are quite interesting. These are the Positives of Actuarial Profession: | |
11) | Monetary Potential |
12) | Global Employability |
13) | Low Stress |
14) | Work Life Balance |
15) | Non-Hazardous Job |
Challenges define Actuarial Profession as much as the Positives of the same: | |
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.
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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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