Actuary Job Search Tips

Actuary job searches can be generic can can be problem, particularly for experienced actuaries. This field covers multiple sectors and specializations, and job search can produce a lot of unwanted results. Actuaries need to focus on specific areas of interest.

Job Search Issues

  • The employment market: The job market for actuaries is based on the demands of the commercial and corporate markets. Job types and specializations tend to be similarly structured, where an actuary working in insurance will continue in that career stream. That narrows the job search area, and it also narrows job choices, in some cases.
  • Career positioning: The actuary’s career progression is usually hierarchical, a traditional series of moves through organizational structures. This is another important qualifier for job searches, looking for jobs with skills that can promote career advancement. It’s particularly important for actuaries to consider this issue, because their profession isn’t open to much career mobility or flexibility, unless working independently.

Finding the Best Job Online

Job searching is relatively simple for entry and lower level actuaries, but for specialists it’s considerably more complex. Being a technical profession, using search terms which can accurately define the preferred position and types of work is the simplest and best approach. Generic terms should not be used at all, if you can possibly avoid it. The word “insurance”, for example, isn’t likely to help much, and can add irrelevant search results. Use technical terms which you’d expect to see in essential criteria instead. This will give you a few relevant jobs, and exclude the largely useless generic element.

The next step is research, the actuary’s strong suit, analyzing businesses, and in this case you can work very productively for yourself. Research will give you a pretty accurate understanding of the employer’s business, career opportunities, and the type of work. This is particularly important for mid-career actuaries, making decisions about career advancement. In a low job mobility environment, you could be looking at a job for the next ten years. The more you know about the employer, the better your decision will be.

Important Actuary Job Options

In some cases, you may find new areas for exploration in the actuary role. Projects, finance, and other areas can throw up some unexpected opportunities which can equate to good career moves. These jobs may involve related work like business analysis, or other lucrative areas for development of a broad skills base which can improve career mobility considerably.

Other Job Search Methods

Networking: This isn’t necessarily effective in the traditional hierarchy type of role, which tends to be relatively static, but may find many job options in other areas. Experience as an actuary can be seen as a valuable extra credential in many industries.

Cold canvassing: Not a very common method in this field, because of the intensive recruitment methods for actuaries, which may include multiple interviews and technical assessments. However, approaching major employers will provide useful information about their hiring practices and may find some job leads.