What is Actuarist?
An Actuary usually works in an insurance company. He analyzes statistical data, such as death, accident, disease, paralysis and retirement rates, as well as making probability tables to predict the risks and obligations of payment of his company's clients, for the benefit of his company in the future.?An actuary can ensure the level of insurance needed and the money supply needed, to ensure client payments from the company's future benefits.
Minimum education level
PT3
SPM
STPM
Diploma
Degree
Average Salary
Example of a Job Position
Task
Knowledge
Communication and Media
Knowledge of media production, communication, and techniques and methods of dissemination. Includes alternative ways to inform and entertain through writing, verbal, and visual media.
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Administration and Management
Knowledge of business and management principles including strategic planning, resource allocation, human resource modeling, leadership techniques, production methods, and coordination between people and resources.
Law and Governance
Knowledge of laws, legal rules, court procedures, precedents, government regulations, executive orders, institutional rules, and democratic political processes.
Economics and Accounting
Knowledge of economic and accounting principles and practices, financial markets, banking, and financial data analysis and reports.
Skills
Complex Problem Solving
Identify complex problems and review related information in order to develop and evaluate options and solutions that can be applied.
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to the problems handled
Consideration and Decision Making
Consider the shortcomings and advantages of potential action choices to choose the most appropriate action.
Reading Understanding
Understand sentences and paragraphs written in work documents.
Mathematics
Use mathematics to solve problems
Capability
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1
Oral Expression - The ability to communicate information and ideas when speaking, so that others can understand what is being conveyed
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2
Deductive Reasoning - The ability to apply general rules to certain problems in order to produce reasonable answers.
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3
Inductive Reasoning - The ability to combine pieces of information to form general rules and conclusions (including finding relationships between seemingly unconnected events).
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4
Oral Understanding - The ability to listen and understand information and ideas conveyed through words and oral sentences
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5
Mathematical Reasoning - The ability to choose the right mathematical methods and formulas to solve problems.