Actuary Kaitauwhiro PÅ«tea

Actuaries predict and assess the financial risks and impacts of future events. They work in areas such as insurance, superannuation and investment.

Actuaries may do some or all of the following:

  • collect and analyse statistics about past financial events
  • forecast the effect of future financial events
  • analyse and solve business problems using mathematical and statistical modelling techniques
  • advise businesses and government on managing financial and other business risks
  • prepare reports and advise on insurance, investment, superannuation and management of funds
  • calculate the assets and liabilities of insurance companies, and determine their financial strength
  • help to determine a company's financial results.

Useful Experience

Useful experience for actuaries includes:

  • work for an insurance company
  • experience programming computers
  • accounting and computer work
  • experience analysing financial statements
  • any work involving mathematics and statistics.

Personal Qualities

Actuaries need to be:

  • skilled at analysing and interpreting information
  • good at solving problems and making decisions
  • accurate and methodical
  • able to communicate well
  • able to write reports.

Useful Experience

Useful experience for actuaries includes:

  • work for an insurance company
  • experience programming computers
  • accounting and computer work
  • experience analysing financial statements
  • any work involving mathematics and statistics.

Subject Recommendations

NCEA Level 3 is required to enter tertiary training. Useful subjects include English, economics, accounting, and mathematics.

Actuarys can earn around $45K-$100K per year per year.

Actuaries may move into management or chief officer roles.

They may specialise in areas such as:

  • superannuation
  • insurance
  • banking and finance
  • electricity
  • carbon crediting.
Actuary