Actuary Cover Letter Examples & Writing Tips

Actuaries use their expertise in statistics and probability to calculate the cost of risk and insurance for large organizations. To get hired as an actuary, you need to show you have the skills and knowledge to help organizations understand and minimize risk.

Follow these examples and tips to write an actuary cover letter that gets noticed.

Actuary Cover Letter Example 1

As an experienced actuarial professional, I bring a unique combination of skills, abilities, and certifications to your organization. I can communicate effectively with a diverse group of people and use my skills to analyze and interpret complex data to make important decisions. I am self-motivated, able to work independently or as part of a team, and am responsible and reliable. My education and experience have equipped me with the knowledge necessary to analyze and interpret complex data, along with the ability to work effectively with a diverse group of people.

I have worked in the health insurance industry and have also worked in the private sector providing consulting services. In my current role as senior actuary at ABC Insurance, I am responsible for developing and maintaining the company’s overall financial viability and integrity. I also analyze and report on a variety of health insurance issues that have a direct and immediate impact on the profitability of the company.

I have extensive experience in all aspects of health insurance claims and operations, including underwriting, rating, and adjudication, as well as health care cost and utilization management. I have a strong background in developing and implementing process improvements that have resulted in significant cost reductions while also improving the efficiency of operations. I am committed to continuing to develop and implement best practices that improve the efficiency of operations and profitability of the company.

My resume is attached and provides more detailed information on my professional experience. I would appreciate the opportunity to discuss how my skills and background can be applied to further improve your organization’s profitability and integrity.

Actuary Cover Letter Example 2

I am writing to express my interest in the job opportunity as an actuary with your company.

After graduating from the University of Michigan in Ann Arbor with a degree in actuarial science, I became a member of the Society of Actuaries and have been working as an actuary ever since. My career has given me the unique opportunity to work on both sides of the table – as an actuary and as a client. This has taught me how to read people and situations carefully so that I can present them in their best light to my clients.

I have worked on projects related to life insurance, disability insurance, health insurance, long-term care insurance, and even project management for companies with hundreds of thousands of dollars at stake. These experiences have helped me develop my skills in developing strategies for both individual clients and corporations, something that is extremely important for an actuary.

If you would like more information about my qualifications or career as an actuary, I would be happy to sit down with you and discuss things further in person. I can be reached by phone or email any day of the week after 9am.

Actuary Cover Letter Example 3

I am writing to express my interest in the recent vacancy for an actuary at your company. I am a licensed actuary with over 20 years of experience in the field. I have worked for some of the largest companies in the world, including CNA, Chubb, and Allianz. My most recent position was as senior actuary at Allianz Life Insurance Company, where I was responsible for the company’s financial performance and strategic planning.

I am a passionate about my work and take great pride in providing excellent service to my clients. My career has given me the unique opportunity to work with some of the most prestigious companies in the world. I understand what it takes to meet the high standards set by these companies and believe that I can bring this same level of dedication to your firm.

Attached with this application is my resume which provides more details about my professional achievements and background. I would appreciate an opportunity to meet you in person to discuss my candidacy further.

Actuary Cover Letter Writing Tips

Open with a strong introduction

If you’re applying for a position in the actuarial field, your cover letter introduction is essential to standing out from other candidates.

When crafting a strong introduction, it’s important to highlight what sets you apart from other candidates. Here are some ways to do that:

• Lead with an impressive accomplishment or strong professional skills. For example, mention how you were named Actuarial Manager of the Year.
• Show employers how you’ll contribute positively to the company. Talk about how you’ll make an impact on customers and coworkers.
• Use numbers when quantifying your skills. Employers will be impressed if you have experience in managing a team of actuaries or producing actuarial reports for clients.

Emphasize your math skills

Employers want to know that you have the math skills to analyze and solve complicated equations, as well as communicate your findings with clients accurately.

Talk about your math skills in your cover letter and how you’ve developed them, either through classes or by working in a similar role.

For example, state that you were a mathematics major in college and how you use advanced math concepts every day at work.

As an actuary, you know that numbers are the most important factor in any decision.

So, to show the hiring manager how you’ll be a valuable asset to their company, provide examples of your accomplishments and use numbers to back them up.

Here are some examples of how to quantify your achievements on your cover letter:

• Reduced operational costs by $200,000 annually by improving workflow efficiency
• Developed a model that identified more than $3 million in potential savings for our company by implementing cost-saving measures
• Predictively modeled more than 1 million unique customer interactions for our clients

Research the company

You can write a generic cover letter and use it for all the companies you’re applying to, but it will be more effective if you research the company you are applying to.

First, research the company’s history and future goals. You can use this information to tailor your cover letter. Second, research the company’s culture. This will allow you to write a cover letter that will match the company’s expectations.

For example, if the company values integrity and transparency, then you should mention how you strive to do the same. Employers can tell if you’ve done your research, so don’t give them any reason to doubt your ability to be a successful employee.