1 / 14

Non-Traditional Actuarial Roles

Non-Traditional Actuarial Roles. International Association of Black Actuaries Annual Meeting Chicago, Illinois August 3, 2013 Leston Welsh Vice President, Sun Life Financial. Agenda. Background Sample “Paths” Industries Rationale Critical Competencies Career Development

jduran
Download Presentation

Non-Traditional Actuarial Roles

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Non-Traditional Actuarial Roles International Association of Black Actuaries Annual Meeting Chicago, Illinois August 3, 2013 Leston Welsh Vice President, Sun Life Financial

  2. Agenda • Background • Sample “Paths” • Industries • Rationale • Critical Competencies • Career Development • Actuarial Pitfalls • Q&A

  3. Sample (Re)Insurance/Pension “Paths” CEO CFO Chief Actuary Valuation Actuary Student

  4. Sample (Re)Insurance/Pension “Paths” CEO General Manager Product Manager Pricing Actuary Student

  5. Sample (Re)Insurance/Pension “Paths” HR / Benefits Manager Consultant Student

  6. Sample (Re)Insurance/Pension “Paths” COO Actuary Student

  7. Sample (Re)Insurance/Pension “Paths” CIO Actuary Student “Rotations / broad experience is the key”

  8. Industries • “Chief” Positions at Insurance/Pension companies • Financial Planning • Banking • Investment Firms / Wealth Management • Mergers and Acquisitions • Capital Management • Utilization of Predictive Modeling “The possibilities are endless”

  9. Rationale • Extensive knowledge base • Understanding Assets AND Liabilities • Understanding the company “engine” • The big picture • The training • Exposure • Company issues & decision making • Viewed as problem solvers • Technical expertise • Analytical training encourages focus • Risk assessment “Interest / Desire creates the possibility”

  10. Critical competencies • Effective Communication • Plain language • Know your audience • Written too! • Leading / Managing • Managing vs. leading • People & team building • Project management • Results oriented • Technical Expertise • Balance with communication /leading/managing • Balancing the various dynamics “Continuous Continuing Education”

  11. Career Development • Assess the market • Create a Plan / Goal • Positioning • Mentorship • Both ways “It is in your hands”

  12. Actuarial Pitfalls • An unregulated formula is for guidance, not decision making • Timely decision making • Too technical • Bean counter stereotype • The need to sound smart • Social skills • Subject Matter Experts don’t think alike “Leverage stereotypical pitfalls to showcase strengths”

  13. Recap • Rotations / broad experience is the key • The possibilities are endless • Interest / Desire creates the possibility • Continuous continuing education • It is in your hands • Leverage stereotypical pitfalls to showcase strengths

  14. Q&A Contact Information: Leston Welsh Vice President, Sun Life Financial One Sun Life Executive Park SC4260 Wellesley, MA 02481 Direct: 781-416-2203 Toll Free: 800-432-1102 ext. 2203 leston@sunlife.com

More Related