Sometimes, the actuaries are called specialists, the leading accounting of insurance contracts. In fact, it is not. Actuary – a specialist in perfection, which owns the basis of actuarial calculations, knows the procedure for the formation of insurance rates.
Just actuary for each accounting period shall evaluate insurance reserves of the company.
In addition to the complexity of the calculations, the actuary’s an enormous responsibility. Based on data generated actuarial reporting and provided data to the accounting department, to form a report on the profit and loss and the formation of tax on profits of the insurance company.
Requirements for such professionals place a heavy burden.
In the process of formulation of the problem actuary, insurance company aims to address core of its mission – to determine the size of insurance reserves and insurance rates in such a way as to maximize the loss-free insurance.
In the future, we plan to create the Institute of Actuaries (similar to a professional association in the UK or on its base), which will provide training and certification of these professionals.
As well as a professional accountant, actuary must be in employment to provide certificates proving professional suitability.
To date, remuneration of Actuaries is not great, most of the proposed vacancy listed negotiated amount of payment.
By itself, an interesting specialty, this requires good preparation, which gives the opportunity to grow intellectually and to move up the career ladder.
Related posts: