What does an actuary do in a bank?

Actuaries can engage in risk management or control, employee welfare management, debt evaluation and other work in banks. In addition to banks, the insurance industry also has a high demand for actuaries, and their employment prospects are very bright.

What can actuaries do?

1, consulting

Advise clients on actuarial financial risks, usually related to employee benefits and insurance.

2, enterprise risk management

Provide tools, technologies and perspectives to manage operational risks at the enterprise or company level.

3. Environmental finance

Using financial technology and practice to solve environmental problems.

4. Health and retirement financing

Provide advice on all aspects of social insurance, including capital level and population forecast.

5. Investment and fund management

Focusing on the asset risk of asset managers, it also contributes to the fields of hedging strategy, derivative structure and structured financing.

6. Pension certificate

Contributions required to fund the pension plan.

7. Forecast and analysis

Using modeling and data analysis techniques on large data sets to discover the prediction patterns and relationships used by business.

8. Pricing determines product function and pricing.

9. Product line or market segment risk management

Perform risk management functions for specific business lines of insurance companies.

10, sales and marketing

Help people directly involved in marketing to formulate policies, information and salary levels.

1 1. Provide extensive business and management supervision for the top decision makers of the organization.

12, valuation

Carry out empirical research, cash flow testing and other work to determine the reserves and capital holdings of insurance companies.

Wealth management and financial planning

Contribute skills and expertise to wealth management companies and individuals.

Actuarial examination subjects

The actuarial examination subjects include eight subjects, namely A 1 Mathematics, A2 financial mathematics, A3 economics, A4 actuarial model, A5 actuarial management, A6 life insurance management, A7 non-life insurance actuarial and A8 accounting and finance.

Application conditions of actuaries

1, comply with national laws and regulations and industry rules.

2. Have full capacity for civil conduct.

3. Obtain a bachelor's degree or above recognized by the education administrative department of the State Council.