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

2017 ACTUARIAL SALARY SURVEYS
Contact DW Simpson for a Personalized Salary Survey

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 02-13-2019, 07:59 PM
Actuarydestiny Actuarydestiny is offline
CAS
 
Join Date: Dec 2014
Posts: 11
Default Long run aspiration to become a Chief Actuary

Hi guys, I was thinking about where I wanted to end up in the long run and from where I am it seems that the main criteria to become a chief actuary you have to be very strong at navigating internal politics. Do you guys have any insight?
Reply With Quote
  #2  
Old 02-13-2019, 08:13 PM
fdsafdsa's Avatar
fdsafdsa fdsafdsa is offline
Member
SOA
 
Join Date: Mar 2018
Posts: 1,852
Default

At how large a company?
__________________
You can't control other people's actions, but you can control how you react to them.
Reply With Quote
  #3  
Old 02-13-2019, 08:13 PM
Dr T Non-Fan Dr T Non-Fan is offline
Member
SOA AAA
 
Join Date: Sep 2001
Location: Just outside of Nowhere
Posts: 94,246
Default

No, I do not. Nothing more than you already know. And that is one of the major (or impossible) hurdles of most actuarial types.

<thinking>


Well, let's think a little more than "first thing that comes to mind" and think back on the good Chief Actuaries I have known:
1. They can explain "complicated" math/business concepts to people of limited math/business abilities.
2. They do not simply try to bowl others over with facts and strong opinions and expect others (usually with strong egos of their own) to simply believe them.
3. They can discern actuarial/leadership talents in others to make a solid group of managers below them, and do some mentoring of those that can replace him should he find a better opportunity.
4. They know how to get along with persons of various personalities.

That's all I can think of at the moment.
__________________
"Facebook is a toilet." -- LWTwJO
Reply With Quote
  #4  
Old 02-13-2019, 08:18 PM
Actuarydestiny Actuarydestiny is offline
CAS
 
Join Date: Dec 2014
Posts: 11
Default

Quote:
Originally Posted by fdsafdsa View Post
At how large a company?
I am more of a fan of small-medium sized companies. Large companies seem nearly impossible to become a chief actuary to me.
Reply With Quote
  #5  
Old 02-13-2019, 10:33 PM
Transitive Tangerine's Avatar
Transitive Tangerine Transitive Tangerine is offline
Member
COPA
 
Join Date: Oct 2018
Studying for PA
Posts: 735
Default

Be well-rounded and knowledgeable of pricing, reserving, and corporate work imo.
Reply With Quote
  #6  
Old 02-13-2019, 10:38 PM
fdsafdsa's Avatar
fdsafdsa fdsafdsa is offline
Member
SOA
 
Join Date: Mar 2018
Posts: 1,852
Default

Quote:
Originally Posted by Actuarydestiny View Post
I am more of a fan of small-medium sized companies. Large companies seem nearly impossible to become a chief actuary to me.
Work at a cut-throat large company, move up to middle management through politicing, work with a recruiter to find a small / medium shop that needs their own chief.

Moving up organically within a small shop has more risk / variability based on what's going on with other people. In a larger shop, particularly one with growing need for actuaries, there will be opportunities.
__________________
You can't control other people's actions, but you can control how you react to them.
Reply With Quote
  #7  
Old 02-13-2019, 10:47 PM
fdsafdsa's Avatar
fdsafdsa fdsafdsa is offline
Member
SOA
 
Join Date: Mar 2018
Posts: 1,852
Default

Actually, let me change my answer slightly, try to work in consulting at some point, treating internal management like their a client is a very valuable skill that's hard to learn otherwise.
__________________
You can't control other people's actions, but you can control how you react to them.
Reply With Quote
  #8  
Old 02-14-2019, 01:11 AM
JoshChicago JoshChicago is offline
Member
SOA
 
Join Date: Aug 2011
Posts: 31
Default

You should aim higher than chief actuary. That way, if you miss, you might still end up being chief actuary.
Reply With Quote
  #9  
Old 02-14-2019, 02:57 AM
AbedNadir's Avatar
AbedNadir AbedNadir is offline
Member
CAS SOA
 
Join Date: Mar 2014
Studying for FCAS
Posts: 2,254
Default

Quote:
Originally Posted by fdsafdsa View Post
Actually, let me change my answer slightly, try to work in consulting at some point, treating internal management like their a client is a very valuable skill that's hard to learn otherwise.
you know what else is a very valuable skill? knowing the difference between their and they're
__________________
Reply With Quote
  #10  
Old 02-14-2019, 09:37 AM
fdsafdsa's Avatar
fdsafdsa fdsafdsa is offline
Member
SOA
 
Join Date: Mar 2018
Posts: 1,852
Default

Quote:
Originally Posted by AbedNadir View Post
you know what else is a very valuable skill? knowing the difference between their and they're
Yup you've figured it out, congratulations on being promoted to chief actuary!
__________________
You can't control other people's actions, but you can control how you react to them.
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 04:18 AM.


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 0.20469 seconds with 9 queries