UCSB Actuarial Club April 26, 2012. 2012 Strategic Plan Update.

UCSB Actuarial ClubApril 26, 2012

2012 Strategic Plan Update

3 33

The actuarial profession

From:

In traditional markets, diminishing relevance and/or decreasing demand.

To:Significant and increasing relevance

and demand in traditional and new markets

4 44

Value of the actuary

From:

Widely perceived as a technical expert.

To:Highly sought-after risk professionals

with demonstrated business acumen and technical expertise.

5 55

Globalization

From:

Predominantly U.S. and Canadian membership with U.S. centric services.

To:The SOA attracts and serves members

in sustainable actuarial communities around the world.

6 66

Recognition of SOA credentials

From:

Low awareness among non-actuaries.

To:SOA credentials recognized across

industries and valued internationally.

7 77

Candidate attraction

From:

Math-oriented individuals aspiring primarily to technical excellence.

To:Best and brightest representing a

variety of skills and aspirations from technical excellence to senior business and policy leadership.

8 88

Research philosophy

From:

Varied mix of research projects reaching mostly limited and specialized audiences.

To:Advances actuarial knowledge,

expands the boundaries of actuarial science, strengthens practice and informs public policy.

9 99

Perceived value of SOA

From:

Limited awareness and understanding of SOA value beyond providing the credential.

To:Retain focus on value of the credential

while expanding understanding and appreciation of SOA’s additional services/roles.

Interviewing

11 11

Do Your Homework

Know the profession• Beanactuary.org; soa.org;

casact.org • What actuaries do you know?• Informational interviews

Know yourself• What are your intentions?• Know what you don’t know

12 12

Interviewing

Know the company• Annual reports• Google alerts• LinkedIn

Be relevant• Relate experience to the business

Make it a conversation• Engage the interviewer• It’s a learning opportunity

13 13

After the Interview

Follow Up• Thank you• Ask to stay in touch

Close the Loop• What did you learn about the profession;

yourself?

14 14

Contact Information

Kara Clark, FSA, [email protected]

Junjie Zhang, FSA, [email protected]