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The Institute and Faculty of Actuaries :
Actuary - Actuarial Analyst

Category :Graduate/Placement/School leaver
Duration :Ongoing
Salary :Average £29,000 as a graduate
No. Jobs :Various
Location :Worldwide


About the role:
The Certified Actuarial Analyst (CAA) is a qualification from the Institute and Faculty of Actuaries (IFoA).

CAA is not just a gateway to a career in financial services, but many other industries as well; public health, climate change, sustainability, policy work on ageing populations, regulations, infrastructure investment and long term economic policy.

Career options:

Here are some of the jobs and career options available to qualified Actuarial Analysts: actuarial analyst, data scientist, predictive analyst, climate analyst, policy analyst, data modeller, customer analyst modelling and unstructured data analyst.

An actuarial qualification is a passport to work around the world. Recognised in over 100 countries the IFoA qualifications are one of the leading qualifications.

As part of the Royal Charter members of the IFoA must act in the public interest. This qualification assures public confidence by bringing those in technical and analytical roles into a regulatory framework; promotes actuarial science and capacity building; and helps to publicise actuaries as well as the value they add to society.

Early qualification and membership of a professional body:

If you complete the CAA you will be a member of a professional organisation and immediately more valuable to prospective employers. If you then decide that you would like to become a fully qualified actuary you can go on to study for Fellowship of the IFoA using your CAA to gain exemptions from the main actuarial exams via a conversion route. This route to becoming an actuary is likely to take a little longer, however you get a valued qualification at an earlier stage.

The nature of the CAA means it has broad appeal. It will be relevant to:
  • professionals working alongside actuaries in areas such as data analysis, pricing and marketing.
  • those employed in wider financial services, perhaps already holding other qualifications, seeking to develop a differentiated skill set that will mark them out in a competitive environment.
  • employees in service centre environments where the analytical skills learned can be added to business knowledge.
  • school leavers with strong maths skills who want to start their career and learn on the job without having to undertake a degree.
  • degree level candidates who are interested in actuarial work.