Advice for newly-qualified Actuaries

Becoming a newly-qualified Actuary is a significant achievement, and one that represents years of dedication, hard work and rigorous examinations. However, qualification is just the beginning of an exciting and, no doubt, rewarding career. 

The actuarial field offers diverse opportunities across various industries, and it’s crucial to make informed decisions as you embark on this next stage of your professional journey. 

The transition from student Actuary to a fully qualified professional can be challenging, as you navigate new responsibilities, career pathways, and industry expectations. Whether you are securing your first role as a newly qualified Actuary or considering your long-term career trajectory, understanding your options and preparing effectively will ensure a smooth transition.

This guide provides key advice for newly qualified actuaries, offering insights into career choices, professional development, salary negotiation, and industry trends. By leveraging these tips, you can maximise your potential and build a successful actuarial career.

Understanding your career options 

Having worked within Life, General Insurance and Pensions for a number of years, you are most likely looking to specialise in a particular area of your field. 

If you are unsure about your next step, speaking to an actuarial recruitment specialist can provide valuable insight into market trends and opportunities. At Sellick Partnership, we specialise in matching Actuaries with roles that align with their career aspirations. 

Explore our latest actuarial jobs today or register as a candidate for tailored job alerts.

Updating your CV: key areas to focus on

Before applying for actuarial roles, it is essential to update your CV to reflect your new qualification and highlight relevant skills and experience. Here are some key areas to focus on:

• Professional qualifications: Clearly state your newly acquired actuarial qualification (e.g., FIA or CERA) at the top of your CV to ensure it stands out.
• Technical skills: Employers look for proficiency in actuarial software (such as Radar/Emblem/ResQ), programming languages (Python/R/SQL), and risk modelling techniques.
• Work experience: Detail your actuarial experience, including internships, placements, or previous full-time roles, and emphasise key projects that demonstrate problem-solving and analytical skills.
• Achievements and impact: Use quantifiable achievements to showcase your contributions, such as reducing risk exposure, improving financial models, or enhancing data analysis processes.
• Soft skills and communication: Actuaries must be able to explain complex data to non-technical stakeholders. Highlight any experience in presenting reports, working in teams, or liaising with clients.
• Tailoring for each role: Customise your CV for each job application by aligning your experience with the specific requirements of the role.

Take a look at our guide on CV writing for actuarial professionals.  

Building your professional network

Networking is essential for career growth, therefore engaging with industry professionals through LinkedIn, actuarial conferences, and professional bodies like the Institute and Faculty of Actuaries (IFoA) can help you stay informed about industry developments and job opportunities. 

Additionally, joining actuarial forums and networking events can provide opportunities to learn from experienced professionals and expand your connections within the sector.

If you’re looking for advice on how to showcase your LinkedIn profile and stand out, we have created a guide just for you. Whether you are already working, or are actively seeking a new job, our LinkedIn profile tips below will allow you to be a step ahead of your competition, without taking up too much of your time. 

Enhancing your technical and soft skills

While technical expertise in modelling, risk assessment, and data analysis is crucial, your soft skills such as communication, problem-solving, and business acumen are equally important. 

Employers value Actuaries who can explain complex data insights in a way that non-specialists can understand.

To stay competitive in the actuarial job market, consider upskilling in areas like:

• Programming languages (Python, R, SQL)
• Regulatory knowledge (Solvency II, IFRS 17)
• Leadership and stakeholder management

Negotiating your salary and benefits

Newly qualified Actuaries are in high demand, and this is an excellent time to negotiate your salary and benefits. Researching actuarial salary benchmarks can help you understand what to expect and ensure you secure a competitive package. 

It’s always worth speaking to an experienced recruiter when thinking about salary, they are knowledgeable when it comes to the market as a whole and can guide you in the right direction. 

If you need support in negotiating your offer, our actuarial recruitment experts at Sellick Partnership can guide you through the process. Get in touch with our team today.

Staying updated with industry trends 

The actuarial profession is constantly evolving, with new regulations, technologies, and industry developments shaping the market. Staying up to date with actuarial news, attending industry events, and subscribing to relevant publications can keep you ahead of the curve.

At Sellick Partnership, we regularly share market insights, salary trends, and career advice for actuarial professionals. Check out our latest actuarial insights.

Consider contract vs permanent roles 

When exploring actuarial jobs, you may come across both permanent and contract opportunities. Contract roles often offer higher day rates and flexibility, while permanent positions provide stability and long-term career growth.

Understanding the pros and cons of each option can help you make an informed decision.

Transitioning from a student Actuary to a newly-qualified Actuary is an exciting phase of your career, albeit maybe a little daunting. By exploring your options, developing your skills, and leveraging expert career advice, you can set yourself up for long-term success in the actuarial field.

If you’re looking for your next actuarial job, our specialist Recruitment Consultants can help you find a role that matches your career goals. Browse our latest actuarial vacancies or contact us today for a confidential discussion.