An actuary is a business professional who analyzes the financial consequences of risk and uncertainty. They are trained in statistics, insurance, accounting, and finance. While actuaries work for many different types of entities, insurance companies, National Association of Insurance Commissioners (government) or actuarial consulting firms. Actuaries mathematically evaluate the likelihood of events and quantify the contingent outcomes in order to minimize losses, associated with uncertain undesirable events. Actuaries typically apply their knowledge to determine policy rates, capital requirements, reserves to pay claim obligations, cash flow projections, return on investment, and actuarial certification of reserves.
To become a credential actuary one must pass a long and rigorous series of actuarial examinations covering topics from statistics, finance, insurance, regulation, law and economics. Actuary was named as the eleventh top job in Money Magazine November 2010, and number one for most likely to get a raise this year.Interested in A Career as an Actuary? Click here.
In addition to our efficient staff members, NovaRest’s company structure involves utlizing the services of some of the most experienced subcontractors in the actuarial industry. Our lead consultant and CEO, Donna Novak, takes advantage of her extensive contacts in the industry to assemble highly qualifed teams for each project. Specific individuals that may be used for projects are identified on the below. All of NovaRest’s subcontractors are led by highly experienced staff that held senior positions in big-four accounting firms or multi-national consulting firms. This allows all of us to provide the same quality and experience we provided while at the large firms without the overhead of a multi-national operation.