What's An Actuary
We’re always on the lookout for smart and energetic college graduates interested in getting their insurance industry careers off on the right foot as an actuary.
It’s a field that’s formed the foundation for the careers of countless executives in our business, including Symetra’s president and CEO.
What’s an actuary?
Look at any ranking of the nation’s top jobs and odds are you’ll find “actuary” among the top 3. But exactly what they do may be a mystery to you.
In a nutshell, actuaries put a price tag on risk. They use their mathematical expertise and statistical knowledge to estimate the probability—and likely cost to a company—of events such as death, sickness, injury, disability and loss of property. Actuaries also help determine how a company should invest its resources to maximize return on investments.
To gain full professional status, actuaries must pass a series of exams that usually takes several years.
Where do they work?
Actuaries work in all sectors of the economy, though they’re more heavily represented in the financial services industry, especially insurance companies.
What’s their educational background?
Some actuaries have degrees in actuarial science, while others have business, economics, math or liberal arts degrees.
What’s the job look like at Symetra?
Symetra’s actuarial team works with groups throughout the company, contributing to Symetra’s growth and influencing the company’s strategy through:
- Product pricing
- Risk analysis
- And much more
By rotating through different departments, actuaries at Symetra have the opportunity to gain a variety of experiences—and give their careers a boost.
Where can it lead?
Where can a job as an actuary lead? Right to the top. Tom Marra, Symetra’s president and chief executive officer, began his career as an actuary. “Starting as an actuary gave me a window into how our business really works and how everything comes together. It provided the perfect foundation for my insurance career—30+ years and going strong.”