Actuary Resume Made Easy with Examples and Tips

actuary resume example
Created by CakeResume

In a wide range of organizations and companies, from consulting firms to governmental to insurance companies, you can expect to find an actuary.

An actuary is responsible for: 

  • Creating policies that allow the company to offer profitable price for both the buyer and the seller.
  • Determining the insurance premium rates using modeling software and calculations.
  • Studying and assessing the probability of unforeseeable risky events through various findings.

An accountant is another specialist who plays a role in maintaining financial records for clients. The difference is that an accountant manages financial transactions that have already happened while an actuary assists with predicting financial results that could potentially occur. 

Before you can analyze the risks of events for clients, you will need to strategize how you will create an effective actuary resume for the employer.

Which format is the best for an actuarial science resume?

3 types of resume formats suitable for an actuary:

  • Chronological resume format:
    -
    PROS: Easy-to-view for the hiring manager
    - CONS: Not suitable for those with a lack of experience
  • Functional resume format:
    - PROS: Focuses your skillsets ad knowledge instead of work history
    - CONS: Not expected by the hiring manager and can raise suspicion
  • Combinational resume format:
    - PROS: Emphasizes both your experience and skillsets
    - CONS: Seem repetitive

Which format should an actuary resume be sent in? 

A PDF file preserves the layout of your actuary resume and can be read across various devices. However, the PDF format is not always readable by ATS.

On the other than, a Word file of your actuary resume is compatible with the ATS. But the layout of your actuary resume might be distorted if you save your resume as a Word file.

Hence, it is often recommended to go with a PDF file.

How to prepare a culinary resume with no experience?

Below are three pieces of advice that will be beneficial for those looking to formulate an entry-level actuary resume: 

✅ Advice 1:
Use the skills-based (functional) formatAmong the three resume formats, the functional format is most suitable for you as an actuary with little to no experience to write an entry-level actuary resume.

Advice 2:

Include a career objective statement.As you work on your entry-level actuary resume, you will want to utilize every opportunity (such as with the addition of an objective statement on the resume) to elaborate on why you are a suitable fit for the actuary position. 

Advice 3:
Focus on your educational background. Due to the lack of relevant experience, directing the hiring manager’s attention to your education in your actuary resume can show your strengths in mathematics, statistics, finance, etc. and other transferable skills.  

What should you include in an actuary resume?

1. Resume Profile (Personal Information)

The essentials needed at the very beginning of your actuary resume include your full name, professional title, email address, phone number, and current address (or location). 

2. Actuary Resume Headline 

The headline of your actuary resume further introduces you. To make your actuary resume headline catch the employer’s eye, you will want to ensure that the start of each word is capitalized and that you include an intriguing description of yourself. 

Actuary Resume Headline Example: 

Certified Actuarial Analyst Specializing in Handling Life and Health Insurance    

3. Actuary Resume Summary

As an experienced professional applying for an actuary position, you will want to construct a captivating summary for your actuary resume.

Make sure to deliver your most extraordinary qualities and accomplishments that will be covered throughout the rest of your actuary resume.  

Actuary Resume Resume Example: 

Actuarial analyst with 5+ years of financial experience working on data manipulation, risk assessment, and statistical analysis. Knowledgeable in healthcare insurance products, benefit options, and actuarial policies and procedures.  

4. Actuary Resume Objective

For an entry-level actuary resume, such as an actuarial intern resume, it is more beneficial to incorporate an objective statement rather than a summary statement. Make sure that the objective for your actuary resume features your career goals.

Actuary Resume Objective Example: 

Passionate actuarial science graduate student skilled in statistical software, applied statistics, and financial modeling. Seeking a role as an actuarial intern at Highland Insurance to deliver accurate statistical analysis reports and documentation.   

5. Actuary Resume Skills

Showcase your actuary skills on the resume if you are an entry-level to make up for your limited experience. Keep in mind to not only include the technical skills but also some personal attributes that describe who you are. 

Actuary Resume Skills Example: 

  • Problem Solving 
  • Meticulous 
  • Statistical Analysis Programs

6.  Actuary Resume Work Experience 

As you work your way into an official actuary position, you will need to provide examples of impacts you made in your actuary resume.

Actuary Resume Work Experience Example: 

Actuarial Trainee
United Health
Sep 2016 - Dec 2018

  • Collected and interpreted statistical data for a team of 10+ actuarial analysts weekly.

7.  Actuary Resume Education

Though the employer will prefer to see strong work history, listing your completed education and academic achievements can also help make up for the lack of experience in an entry-level actuary resume. 

Actuary Resume Education Example: 

M.S. in Actuarial Science
Georgia State University
2016 - 2018

8. Additional Information for Your Actuary Resume

Within the world of actuarial science, the employer will expect to see your certification achievements or other information that shows you’re the right candidate on your actuary resume.  

Examples of Additional Information for Your Actuary Resume: 

Certificate:

  • Society of Actuaries (ASA)
  • Fellow of the Society of Actuaries (FSA)

5 tips on how to write a compelling actuarial science resume

✨ 1. Tailor your actuary CV to the job description. 

As every actuary position will have different specifications and requirements, you will want to ensure that you include the relevant achievements and experience in your actuary resume by carefully reviewing the job description. 

✨ 2. Make your actuary resume concise. 

As we all know, the hiring manager is often busy and doesn’t have much time to review each resume. Try to make their job easier by keeping your actuary resume short and to the point.

✨ 3. Refer to online actuary resume samples or actuary resume examples.  

Strategic actuaries wisely use their resources to their advantage, such as utilizing actuary resume examples while crafting their professional resumes. 

✨ 4. Keep the formatting of your actuary resume consistent. 

Similar to how you should organize data and tables while working with statistical data, you will want the formatting of your actuary resume consistent. 

✨ 5. Complement your resume with an informative actuary cover letter.  

An actuary cover letter is another chance for you to go further and elaborate on how well-prepared you are for the actuary position.

What actuary resume template is the most successful one?

🖋 Should I use a resume template?

  • Yes, because: I have a regular experience background that is compatible with a template .
  • No, because: I have career gaps or a unique career trajectory that properly incorporated in an actuary resume template. 

🖋 What is the best actuary resume template?

  • If you are inexperienced:find or create an actuary resume template that uses a functional resume format.
  • If you are experienced:search for or custom create a chronological  resume template for your actuary resume.

🖋 Where can I create free actuary resume templates?

  • CakeResume: simple platform that allows you to easily generate a unique template.
  • Microsoft Word or Google Docs: universal program that provides you tons of templates that you can edit in the word processor. 

With CakeResume, you can easily create an actuary resume online, free download your resume in PDF format, and utilize ATS-compliant templates to create a resume. Land your dream job, create your actuary resume online (free download) now!

Actuary resume sample

Rain Pan 

Certified Actuarial Analyst Specializing in Handling Life and Health Insurance    

Los Angeles, CA 90089
(988)-989-9900
[email protected]
linkedin.com/in/rpan 

Summary

Actuarial analyst with 5+ years of financial experience working on data manipulation, risk assessment, and statistical analysis. Knowledgeable in healthcare insurance products, benefit options, and actuarial policies and procedures.  

Work Experience

Actuarial Analyst 
United Health  

Jan 2019 - Present 

  • Generate pricing strategies utilizing company pricing models, financial reports, and actuarial guidelines. 
  • Support a team of 5 actuarial interns on healthcare risk projects that require the use of SAS and MS Excel/VBA.
  • Create and update effective pricing for 35+ healthcare insurance products.  

Actuarial Trainee
United Health
Sept 2016 - Dec 2018

  • Collected and interpreted statistical data for a team of 10+ actuarial analysts weekly.
  • Reviewed analysis reports for actuarial analysts and clients. 
  • Assisted actuarial analysts with explaining rates, insurance policies, and healthcare plans to clients. 

Skills

Hard Skills:

  • Insurance Premiums
  • Regulatory Compliance 
  • Financial Statements 
  • Risk Management 
  • Healthcare Plans
  • Insurance Rate Calculations
  • Actuarial Modeling 
  • Statistical Analysis Programs 
  • Statistical Analysis System (SAS)
  • MS Office/VBA

Soft Skills:

  • Analytical
  • Detail Oriented
  • Problem Solving
  • Motivated 
  • Interpersonal 
  • Communication  
  • Organized 
  • Time Management 
  • Critical Thinking 
  • Decision Making 

Certifications

  • Society of Actuaries (ASA)
  • Fellow of the Society of Actuaries (FSA)

Education

M.S. in Actuarial Science
Georgia State University

2016 - 2018

--- Originally written by Jessica Sun ---

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