Actuary

OFO No: 212101

Other names for Actuary:

Average Adjuster
Actuary Manager

What is an Actuary?

Using their analytical skills, Actuaries study the financial records and determine the financial impact of risk and uncertainty the business is under. They are a financial problem-solver. 

They can work in many different areas, including: insurance companies, banks, corporations, hospitals, unions, consulting firms, government agencies etc.

Besides being extremely good at mathematics, Actuaries also know a lot about computer science, economics, law, political and social issues.

What does an Actuary do?

• opens their own private company and consult to large assurance companies as well as large or small businesses and individuals.
• analyses statistics
• determines the risks of their client’s investment/s
• monitors their client’s portfolio
• creates reports
• forecasts success or failures of investment/s

Are you … ?

• mathematically minded?
• clear thinking?
• analytical?
• hard worker?
• determined?
• ambitious?
• good under pressure?
• good communicator?
• computer literate

How do I become an Actuary?

Various South African universities offer recognised degree courses in Actuarial Science. Studying to become an Actuary takes a long time and a lot of hard work. The financial rewards, however, are worth it. 

Some universities only offer a Bachelors in Commerce or a Bachelors in Business Science. It is up to you then to follow up with Actuarial Science at another university.

• UNIVERSITY OF CAPE TOWN 
• STELLENBOSCH UNIVERSITY 
• UNIVERSITY OF THE WITWATERSRAND 
• UNIVERSITY OF THE PRETORIA

TRAINING:

• CLICK HERE to check for a training institution near you to see what they offer.
• Make sure you understand their entry requirements for each course.
• To avoid scams, make sure your institution is registered with the Department of Higher Education. CLICK HERE to check accredited Private Higher Education Institutions.
  

• ACTUARIAL SOCIETY OF SA 
  

http://www.actuarialsociety.org.za/

How to become an Actuary: CLICK HERE

OTHER CAREERS TO CONSIDER: Bookkeeper or Accounts Clerk

Is becoming an Actuary the right career choice for me?