Actuarial Profession
Romik Rai | Risk Officer | Ageas SA/NVWhat is Actuarial Profession?
You may be curious about a Career in Actuarial Profession. Internet is brimming with pages on How to get into Actuarial Profession, while one should first understand What is a Career in Actuarial Profession. It is best to learn about Actuarial Profession from a real professional, this is akin to getting it from the horse's mouth.
Risk Officer Romik Rai has 9 years of professional experience in Actuarial Profession. According to Risk Officer Romik Rai, Actuarial Profession is:
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 was a welcome change to see the Talk touch upon Education as theoretical knowledge needed to excel at Actuarial Profession, and not merely as Qualifications needed to enter Actuarial Profession. It discusses following headings for Education in Actuarial Profession: | |
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. Sills and success in Actuarial Profession go hand in hand. One needs to get a hold of essential skills. It details these topics within Skills for Actuarial Profession: | |
7) | Logic and Reasoning |
8) | Problem Solving |
9) | Ability to Collaborate |
10) | Communication Skills |
There are great positives of Actuarial Profession. These are the Positives of 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?
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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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