Actuarial Consulting (1 Viewer)

[ks21]

Just wanted to get the opinions of others with regard to actuarial consulting firms (i.e. Big 4 and the independent ones). What are the pros and cons of each? Salary? Culture? Work? etc.

 

[turtleface]

From what I've seen at Big 4 its mainly helping out with audits of Insurance companies and stuff, helping accountants work out provision for claims and stuff

There are some independent evaluation jobs that Big 4 actuaries do too, one big one that comes to mind is the James Hardie Asbestos claim one which was done by Deloitte (Trowbridge consult.) first and then KPMG Actuaries

Thats all I know

The Accounting firms are pretty big hirers of actuaries though. I think an insurance company would be lucky to have more than a handful of actuaries, whereas big 4 have like dozens

 

[seremify007]

I know a couple of people who work in my firm in the Advisory Actuarial division- it's quite specialised and tight-knit; almost like a small miniature copmany within the firm. I'm not even sure if they take fresh grads- there may be a need for a rotational-basis which is what alot of firms are starting to do.