Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions



Reply
 
Thread Tools Search this Thread Display Modes
  #21  
Old 02-04-2019, 02:46 PM
Klaymen's Avatar
Klaymen Klaymen is offline
Member
CAS
 
Join Date: Oct 2001
Studying for this space for rent
Posts: 19,479
Default

There are tons of insurance pricing roles. I am willing to bet that there are much less reinsurance reserving roles. If you only feel like you understand 30% of the job, I would consider staying put for at least another year.

Other considerations: You say it doesn't get hectic very often? that's a plus. How are your boss and co-workers? if you are a good environment and you are learning than I would be more inclined to wait. I have had good and bad bosses/co-workers in terms of helping guide me and learn the business and that can make a difference. Taking a new position could be an unknown unless you can find out from someone what the reputation of the new department/manager is. Maybe there is a reason a vacancy opened up?

Try to keep your thinking long-term. Doesn't mean you have to stay at a company long-term but don't just make moves willy-nilly.
__________________



Last edited by Klaymen; 02-04-2019 at 02:50 PM..
Reply With Quote
  #22  
Old 02-04-2019, 06:32 PM
Canadiens Fan Canadiens Fan is offline
Member
SOA
 
Join Date: Oct 2013
Location: Canada
Studying for LFV-C
Favorite beer: Blanche de Chambly
Posts: 4,376
Default

1 year is too early to change. I'd recommend you stay another year or two, more so since you say you only understand about 30% of your job. It will reflect poorly in future interviews if you can't explain what you did at your job.
__________________
ASA LP LFV-C LRM
Reply With Quote
  #23  
Old 02-04-2019, 06:40 PM
Helena Lake's Avatar
Helena Lake Helena Lake is offline
Member
SOA AAA
 
Join Date: Jan 2019
Favorite beer: Whisky
Posts: 712
Default

Quote:
Originally Posted by Actuarydestiny View Post
I maybe understand ~30% of what there is to learn about in my current role.
Clarification - are you saying that you only understand 30% of the work you've done... or that you've only done 30% of the work that an experienced reinsurance reserve actuary would do?
Reply With Quote
  #24  
Old 02-04-2019, 09:37 PM
Actuarydestiny Actuarydestiny is offline
CAS
 
Join Date: Dec 2014
Posts: 11
Default

Quote:
Originally Posted by jyz002 View Post
Does your company not have a rotation program? If there's no change in pay or title, I wouldn't switch that quickly.
There is no rotation program unfortunately.
Reply With Quote
  #25  
Old 02-04-2019, 09:37 PM
Actuarydestiny Actuarydestiny is offline
CAS
 
Join Date: Dec 2014
Posts: 11
Default

Quote:
Originally Posted by Helena Lake View Post
Clarification - are you saying that you only understand 30% of the work you've done... or that you've only done 30% of the work that an experienced reinsurance reserve actuary would do?
The latter.
Reply With Quote
  #26  
Old 02-04-2019, 11:38 PM
hjacjswo hjacjswo is offline
Member
 
Join Date: Dec 2009
College: About to be a super senior
Posts: 1,475
Default

What are the underlying lines of business? I'm biased, because most of my experience has been in reserving and I wish I had more pricing experience. Given the line isn't totally obscure, I would move to the pricing role.

I feel like theres a bigger variety of methods and stuff depending on the LOB in pricing. So, it's good to get exposed to a few different pricing jobs to increase versatility. Also, if you work in primary vs. reinsurance, maybe you get to learn more about working with data, too.
Reply With Quote
  #27  
Old 02-05-2019, 08:39 AM
Actuarydestiny Actuarydestiny is offline
CAS
 
Join Date: Dec 2014
Posts: 11
Default

[quote=hjacjswo;9535406]What are the underlying lines of business? I'm biased, because most of my experience has been in reserving and I wish I had more pricing experience. Given the line isn't totally obscure, I would move to the pricing role.

Its definitely a common LOB. How long is too long in reserving?
Reply With Quote
  #28  
Old 02-05-2019, 09:57 AM
MooBeay MooBeay is offline
Member
 
Join Date: Jan 2004
Posts: 4,801
Default

[quote=Actuarydestiny;9535444]
Quote:
Originally Posted by hjacjswo View Post
What are the underlying lines of business? I'm biased, because most of my experience has been in reserving and I wish I had more pricing experience. Given the line isn't totally obscure, I would move to the pricing role.

Its definitely a common LOB. How long is too long in reserving?
Depends on what you want. I've spent almost my entire career in reserving.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:19 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.21707 seconds with 9 queries