Day in the Life Of An Actuary and Risk Manager: Balancing Work, Study & Home Life
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- čas přidán 20. 11. 2020
- Step into a day in my life as an actuary and risk manager. From morning rituals to work tasks, discover how I balance my professional duties with my personal life while working from home. Get a glimpse of the tools, techniques, and insights that shape my actuary life. Please Visit my Website to get more information: www.vlifejournal.com/
I'm a fully qualified actuary, a Fellow of the Society of Actuaries (FSA), a Fellow of the Canadian Institute of Actuaries (FCIA), and a Chartered Enterprise Risk Analyst (CERA). I currently work in a life insurance company in Canada as a Director in the Risk Management area.
I'm sharing my weekday routine in this video, working from home. I hope you enjoy this video, and let me know if you have any questions in the comment section regarding being an actuary, the actuarial profession, or working in a risk management and insurance company. Happy to answer :)
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Video Title: Life Of An Actuary: Balancing Work, Risk & Home Life | VLifeJournal.com
This video is about the day in the Life Of An Actuary: Balancing Work, Risk & Home Life. But It also covers the following topics:
Actuary Day
Risk Management
Work From Home
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Hi, I'm Vy, a purpose-driven actuary, a lifelong learner (BMath, BBA, FSA, FCIA, CERA, MBA, CFA, and more!), and a multi-passionate creativepreneur.
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Actuary | What Is an Actuary | Day in the Life of an Actuary | Working from Home | Actuary Day in the Life
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Please let me know if you have any questions about actuarial profession or working in a life insurance company or in risk management area :)
Why do actuaries in Asia work nowhere close to normal hours as 'westerner' counterparts... listening to actuaries in US, Canada and Europe talk about their work is very depressing. You commented elsewhere about fellows making 6 figures or "similar everywhere in the world" but this is quite far from the truth in SEA (ex-SG/HK), unless you've got at least a decade of experience and managing team(s). Sorry for being rant-y but several of us watched this and got intense emotional reactions!
Lol no worries, I understand your “rant”. I also chat with some friends working in Asia recently and it seems like the longer hours may due to there are less number of actuaries available on the team and thus each needs to take on more work. Here the work is perhaps more structured and routine. Their pays are also good but like you said, by the time they go back to Asia they are already fellows with some leadership experience and that is where my comment originated from, which is definitely skewed.
Can I do Acturial after my 12th grade even though I have taken Science?
@@Araham_Rathore Absolutely, normally people do not start actuarial exams until after grade 12th. Check out this video for what you need to know before becoming an actuary czcams.com/video/6M_f3kXdOCM/video.html and other content can be found here: www.vlifejournal.com/actuarial
@@VLifeJournal Thank youu,
Can I do acturial science degree of I have taken computer Science?
Loving the power pose Grey’s reference👏🏽
Thank you!
Good video! I really enjoyed it :)
I'm glad you enjoyed it :)
Glad to find a decent video on the topic. My sister recently brought up considering being an actuary since I'm on and off with deciding on whether I want to do business or film. I'll consider this when I think about it!
Hope it will be useful for you. Thanks for watching!
That massage chair looks like a GAME CHANGER
Haha yah. Definitely love it during this time!
Ahahaha Fluffy is like your executive assistant! 😄
Haha he sure is :P
How relevant are the exams/math computations in every day actuarial work? (seeing how you work mostly out of Outlook, Excel, and PowerPoint)
Good question. Actually Excel is still one of the common tools for math computations and data/stats analysis in the actuarial field.
The math and problem-solving skills acquired through exams are still the bedrock of actuarial work. They enable actuaries to understand complex concepts, develop models, and make informed decisions. So, while the day-to-day might involve less math, the math knowledge underpins everything we do.
Thank you for posting! Which software or programming languages do you use the most? Is it advisable to have a masters?
Hi Louis, Excel is definitely the top application that we use (and VBA). There are other actuarial applications like AXIS but one can only learn it on the job. I talk a little bit more about this at 13:30 mark on this video czcams.com/video/B5lA-nBETlI/video.html
I wouldn't recommend getting a master in actuarial science unless you use it as an opportunity for career switch by leveraging the university's alumni network or career center. Hope that helps and feel free to let me know if you have other questions.
@@VLifeJournal thank you for the reply and yes that was very helpful :)
Just wondering what kind of position you had at the time of this video? Wondering if this is the typical fellow actuary or something more manager type?
Hi Jeb, I was a fellow and in a managerial position :)
@@VLifeJournal Thanks for the reply!
Make the texts in the video a dark color. Most texts are on white background. Thanks!
Thanks for watching and the suggestion. I added English as subtitle for reading.
Hi, I am just graduated from Actuarial Science as well, may I know which position and what kind of task will I received if I decide to work in an insurance company? (in Singapore)
Check out this video for various roles of actuaries in insurance companies
czcams.com/video/Oh6pDBPA0lE/video.html (English sub). I also suggest to look for other videos to understand what actuaries do in different teams in this page www.vlifejournal.com/actuarial
hey! loved your video .... just wanted to know which profession is better CA or Actuary and what does an actuary actually do?? I'm a student from India and currently I'm studying commerce ... it would be really helpful if u reply to my questions
The answer would be it depends - depend on what you like, what you are good at, your desired career prospects and more. I don't think there will ever be a definite answer for which job is better between the two. You can check out other videos about what actuaries do and there is also a video about Actuary and Accountant in this page to help you do more research and make an informed decision: www.vlifejournal.com/actuarial
Hope that helps!
@@VLifeJournal Thank you very much !!!
beautìul client
That is one intense massage chair! More like a chamber. Lol
Haha we love it, use almost daily!
Can you explain your journey of becoming an actuary ?
I shared my journey in this video which has English subtitle “My journey to become an actuary (FSA FCIA CERA)”
czcams.com/video/G0MbTobHAzc/video.html
Just asking.....
Can an actuary work after he/she attains 60 years of age?
Is there any formal retirement age for actuary?
Absolutely. I believe retirement age depends on the country. In Canada, people typically retire at age 65. There are some actuaries come back to work part time as consultants after a few years off after their retirements as well.
in a normal world, do you work 5 days a week or is it 7 days a week?
5 days a week, 37.5 hours per week :)
What were you studying for at the time of this video?
I was studying for my Master of Computer and IT at UPenn. I'm still doing it now - not done yet!
I have heard by many that senior actuaries earn over 300K (i.e in sydney and other places). Is that true or just a myth.
It is true although I want to point out that it may not be because they are actuaries that they earn so; instead, their roles have such compensation and that they happen to be an actuary. For example, you can find interview on my channel with a former CEO of Sun Life who is an actuary (although CEOs can come from many backgrounds, eg MBA, accountant etc). You can check out salary sources for actuaries in this video czcams.com/video/miYUdN7TwfE/video.html
What's the pay like??
You can find actuary salary here in the US www.dwsimpson.com/about/salary-survey/ They also had surveys in the past for other countries like Canada
Can a acturial science student shift to data science...will acturial studies help him?
We talk about this topic in this video czcams.com/video/Qd6iQk7B-2I/video.html
I put together a page of content on various topics I have on this channel and suggest you to browse through this page www.vlifejournal.com/actuarial
Damn actuaries work 9-5 😭😭 why are all careers like this
The hours for my company is pretty good but depend on the roles and the projects, you may get longer hours as well but most likely it will be seasonal.
How lond does work take
Full-time work here is about 37.5-40 hours per week
@@VLifeJournal Honestly i used to get like 50 hours overtime haha
Lol I occasionally have OT as well but not to that extend