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Showing posts with the label WHO IS AN ACTUARY

ACTUARIAL EXAMS

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About Bsc. In Actuarial Science In UDSM The  department of mathematics runs one undergraduate degree programme (Bsc. In Actuarial Science), in collaboration with department of Finance under University of Dar es Salaam Business School (UDBS) and Department of Statistics under the College of Arts and Social Sciences (CASS). More on Actuarial Science IN UDSM, click here In Tanzania, University Of Dar es Salaam have not yet been accredited exemptions from the Institute and Faculty of Actuaries (IFoA)  . In doing so, for an actuarial science student from UDSM to  become an actuary, at fellowship level, h/she has to do a series of Actuarial Profession Exams. The Exams are 15 in Number as highlighted below: Category 01: Core Technical Exams- CT Subjects This category Include 09 Exams as  follows: CT 1 - Financial Mathematics CT 2 - Finance and Financial Reporting CT 3 - Probability and Mathematical Statistics CT 4 - Models  CT 5 - Contingencies ...

Is this Career For You?

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Got skills? Actuaries bring a special set of skills to their work: Specialized math knowledge Calculus, statistics, probability Keen analytical, project management, and problem solving skills Good business sense Finance, accounting, economics Solid communication skills (oral and written) Strong computer skills Formulating spreadsheets, statistical analysis programs, database manipulation, programming languages Actuaries are talented professionals, with personal characteristics such as:    Self-motivation Creativity Independence Ability to work with others Ambition The skills developed and honed by successful actuaries include an excellent business sense with knowledge of finance, accounting, and economics; keen analytical, project management, and problem solving skills; specialized math knowledge; strong computer skills; and solid written and oral communication skills. In addition, actuaries enjoy learning, like to solve complicated problems,...

What Do We Do?

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We manage risk. The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in. Actuaries are experts in: Evaluating the likelihood of future events—using numbers, not crystal balls. Designing creative ways to reduce the likelihood of undesirable events. Decreasing the impact of undesirable events that do occur. We are the leading professionals in finding ways to manage risk. It takes a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage today's complex risks facing our society. We're key players on the management team of companies that deal with risk. In a fast-changing world, with emerging risks and the need for more creative ways to tackle them, there are constant opportunities for personal and professional growth. We are the analytical backbone of our society's financial security programs. We are the bra...

Who is an Actuary?

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Part super-hero. Part fortune-teller. Part trusted advisor. We manage risk.  It's what we do. With unbeatable analytical skills, we help organizations plan for the future and protect themselves from loss. By understanding the very nature of risk, we play a key role in the psychological, physical, and financial stability of society. With our help, businesses can grow, retirees can invest with confidence, and people can enjoy peace of mind. We love what we do.  It only makes sense that ours is a top-ranked job. After all, we earn high incomes in low-stress environments. We enjoy a harmoniouswork/life balance. Our work is intellectually stimulating. And we work in a variety of settings. But no matter where we work, this career comes with one great perk: the satisfaction of solving problems and having an impact. We are the backbone of financial security.  Insurance companies, financial planners, and many multinational corporations are ...