Resume

Actuary Resume Example & Writing Guide

Use this Actuary resume example and guide to improve your career and write a powerful resume that will separate you from the competition.

If you’re obsessed with numbers, have a knack for forecasting, and want to help organizations plan for the future, consider becoming an actuary. This is a job that requires an eye for detail, a solid understanding of statistics, and the ability to think critically and analytically—all skills that will serve you well in any industry.

If you want to make sure you stand out from the pack when you’re applying for jobs as an actuary, it’s important to have a resume that showcases your unique set of skills and experience. Here are tips and an example resume to help you write yours.

James Smith
Chicago, IL | (123) 456-7891 | [email protected]
Summary

Driven actuary with experience in the life, health, and property & casualty insurance industries. Excels at analyzing data to identify trends and develop sound actuarial models. Skilled at communicating complex information in a clear and concise manner.

Education
University of Illinois at Urbana-Champaign Jun '10
M.S. in Mathematics
University of Illinois at Urbana-Champaign Jun '06
B.S. in Mathematics
Experience
Company A, Actuary Jan '17 – Current
  • Developed and implemented statistical models to determine the value of future cash flows, such as mortality risk for life insurance companies.
  • Analyzed data from multiple sources including financial statements, actuarial tables, medical records, etc., to develop estimates of current and future values related to pricing products or evaluating investment performance.
  • Assessed the accuracy of assumptions used in valuation models by comparing with actual experience and market conditions where possible.
  • Provided recommendations on product design changes based on analysis results and provided support during policyholder audits when required.
  • Communicated findings through written reports that are clear and concise while adhering to company standards regarding format and content.
Company B, Actuary Jan '12 – Dec '16
  • Calculated the financial impact of mortality, morbidity and other insurance risk factors on company operations
  • Conducted research to identify trends in insurance claims data that could be used for predictive modeling purposes
  • Developed new actuarial models based on existing policies and procedures as needed by management or underwriters
  • Prepared reports detailing current status of all insurance products for senior management review and approval
  • Collaborated with underwriters to determine appropriate pricing structures for each product line
Company C, insurance claims adjuster Jan '09 – Dec '11
  • Analyzed and adjusted property claims, written reports of findings, testimony in court hearings when required.
  • Gathered evidence at the scene of a claim to determine the cause and extent of loss; prepared damage estimates for review by supervisors and clients.
  • Negotiated with insurance representatives on behalf of clients as necessary.
Certifications
  • Associate of the Society of Actuaries
  • Member of the American Academy of Actuaries
  • Fellow of the Casualty Actuarial Society
Skills

Industry Knowledge: Probability, Statistics, Finance, Economics, Insurance
Technical Skills: Microsoft Office Suite, Excel, Access, SQL, SAS, C++
Soft Skills: Communication, Organizational Skills, Critical Thinking, Problem Solving, Teamwork, Time Management

How to Write an Actuary Resume

Here’s how to write an actuary resume of your own.

Write Compelling Bullet Points

Bullet points are the most important part of your resume because they’re the first thing recruiters will see. And since they’re so important, it’s crucial that you use them to your advantage.

The best way to do that is to use them to demonstrate your experience and skills. So rather than saying you “managed projects,” you could say you “managed projects for top-tier insurance companies, resulting in a 15% increase in revenue over three-year period.”

The second bullet point is much stronger because it provides specific details about what you did and the results of your work.

Related: What Is an Actuary? How to Become One

Identify and Include Relevant Keywords

When you submit your resume online, it’s likely that it will be scanned by an applicant tracking system (ATS) for certain keywords related to the job you’re applying for. The ATS looks for keywords that are specific to the role, like “actuarial analysis” or “risk assessment.” If your resume doesn’t include enough of the right terms, the ATS might discard your application.

To increase your chances of landing an actuary role, use this list of commonly used keywords as a starting point and then add in other relevant terms that are specific to your experience:

  • Actuarial Science
  • Life Insurance
  • Actuarial Models
  • Life Contingency
  • Financial Modeling
  • Underwriting
  • Data Analysis
  • Valuation
  • Risk Management
  • Financial Analysis
  • Pension Plans
  • Risk Assessment
  • Investments
  • SQL
  • Analytical Skills
  • Investments & Asset Management
  • Claims Processing
  • Financial Risk
  • Business Analysis
  • Statistics
  • Corporate Finance
  • Insurance
  • R (Programming Language)
  • SAS
  • MATLAB
  • Probability
  • Data Science
  • Investment Management
  • Fixed Income
  • Portfolio Management

Showcase Your Technical Skills

As an actuary, you need to be proficient in a variety of software programs and systems in order to do your job effectively. This might include actuarial software, spreadsheets, and databases. Additionally, you need to be able to use technology to communicate with other members of the actuarial team, including analysts and consultants.

Some of the programs and systems that actuaries are typically expected to be proficient in include: actuarial software, spreadsheets, databases, and communication tools.

Related: How Much Does an Actuary Make?

Remember The Basics

As you’re writing your resume, you’ll want to keep a few basic guidelines in mind.

Create Easy-to Scan Sections

There are a few things you can do to make your resume easier to read and understand quickly. Aligning everything to the left, using a standard font type and size, and keeping bullets under 2 lines will help make your resume more skimmable. You should also try to leave some white space on the page to help the recruiter easily scan through your information.

Be Concise

A resume should be one page long if you have less than five to eight years of professional experience. If you have more than ten years of experience, a two-page resume is appropriate. If you need to trim down your resume, remove irrelevant information and focus on the most relevant experience.

Check Your Work

Proofreading your resume is an important step in ensuring that it looks its best. There are a few key things to watch for: spelling mistakes, punctuation mistakes, and grammatical mistakes. You should also be aware of easily confused words, such as their/there/they’re and to/too/two. Spell checking your resume is a good start, but you should also have someone else proofread it for you to catch any mistakes that you may have missed.

Use a Summary

A resume summary statement can be extremely beneficial for job seekers, as it allows them to succinctly explain how their past experiences will translate into the role they are hoping to land. By highlighting your relevant skills and experiences, as well as your transferable soft skills, you can create a snapshot of who you are as a professional and what you have to offer. This can be extremely helpful for recruiters, who may not have time to read through your entire resume. When writing your summary statement, be sure to keep it brief and to the point, and to focus on your skills and experiences that are most relevant to the role you are applying for.

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