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  #1  
Old 01-10-2019, 02:34 AM
hjacjswo hjacjswo is offline
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College: About to be a super senior
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Default I dont know how good/bad I am

For the last 5 years or so, I've been working in environments, where there is no peer at a similar experience level. Therefore, it's very hard for me to gauge how I fare against other actuaries with my level of experience.
I'm an acas with around 7 years of experience.
When you are about 7 years in, what kind of things are you guys doing?

Things that concern me are:
I'm not an FCAS
Most of my experience has been in only one of reserving/pricing.
Have not touched GLM, predictive modelling, data science, etc.
Have not had direct reports or much mentoring experience.
Not sure how actuarially technical my experience is. What type of actuarial techniques are you guys using?

How legit are my concerns?

When I apply to jobs, I hear back from 1 out of 5-7 positions I apply for (I'm pretty selective on location). How bad is this?

I would appreciate it, if you could share what type of experience you have accumulated at around my experience level. Basically, I'm interested in identifying a few areas that I can concentrate on in the next couple of years to further my career.

Thank you!
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  #2  
Old 01-10-2019, 03:07 AM
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AbedNadir AbedNadir is offline
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From what I can tell in industry, you are missing a skill set that is becoming increasingly popular and may even dominate, so you need to adapt. I have read many job descriptions so here is my take:

Study for FCAS, take exam 8 and learn how to apply GLMs in R, learn R programming in general as well, apply your learnings to your job to acquire the experience you want. Apply for jobs with the relevant skills they desire. Profit?
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  #3  
Old 01-10-2019, 10:55 AM
Fracktuary Fracktuary is offline
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Is your compensation in line with expectations via the DWS survey ?
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  #4  
Old 01-10-2019, 11:02 AM
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Colonel Smoothie Colonel Smoothie is offline
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Quote:
Originally Posted by hjacjswo View Post
For the last 5 years or so, I've been working in environments, where there is no peer at a similar experience level. Therefore, it's very hard for me to gauge how I fare against other actuaries with my level of experience.
I'm an acas with around 7 years of experience.
When you are about 7 years in, what kind of things are you guys doing?

Things that concern me are:
I'm not an FCAS
Most of my experience has been in only one of reserving/pricing.
Have not touched GLM, predictive modelling, data science, etc.
Have not had direct reports or much mentoring experience.
Not sure how actuarially technical my experience is. What type of actuarial techniques are you guys using?

How legit are my concerns?

When I apply to jobs, I hear back from 1 out of 5-7 positions I apply for (I'm pretty selective on location). How bad is this?

I would appreciate it, if you could share what type of experience you have accumulated at around my experience level. Basically, I'm interested in identifying a few areas that I can concentrate on in the next couple of years to further my career.

Thank you!
Be your own person, set your own goals imo. For example, do you even want to manage people? Being concerned just because others are managers isn't worth it, if that's not what you want to do.
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Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #5  
Old 01-10-2019, 11:03 AM
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PeppermintPatty PeppermintPatty is offline
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Quote:
Originally Posted by hjacjswo View Post
For the last 5 years or so, I've been working in environments, where there is no peer at a similar experience level. Therefore, it's very hard for me to gauge how I fare against other actuaries with my level of experience.
I'm an acas with around 7 years of experience.
When you are about 7 years in, what kind of things are you guys doing?

Things that concern me are:
I'm not an FCAS
Most of my experience has been in only one of reserving/pricing.
Have not touched GLM, predictive modelling, data science, etc.
Have not had direct reports or much mentoring experience.
Not sure how actuarially technical my experience is. What type of actuarial techniques are you guys using?

How legit are my concerns?

When I apply to jobs, I hear back from 1 out of 5-7 positions I apply for (I'm pretty selective on location). How bad is this?

I would appreciate it, if you could share what type of experience you have accumulated at around my experience level. Basically, I'm interested in identifying a few areas that I can concentrate on in the next couple of years to further my career.

Thank you!
I'd be most concerned with not having experience managing people or with modeling. Do you manage projects? Manage a budget?
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  #6  
Old 01-10-2019, 11:39 AM
hjacjswo hjacjswo is offline
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College: About to be a super senior
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Quote:
Originally Posted by AbedNadir View Post
From what I can tell in industry, you are missing a skill set that is becoming increasingly popular and may even dominate, so you need to adapt. I have read many job descriptions so here is my take:

Study for FCAS, take exam 8 and learn how to apply GLMs in R, learn R programming in general as well, apply your learnings to your job to acquire the experience you want. Apply for jobs with the relevant skills they desire. Profit?
Yeaa I do see GLM in job descriptions a lot. Noted. Thanks
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  #7  
Old 01-10-2019, 11:39 AM
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KimboSlice KimboSlice is offline
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I'd recommend reaching out to a GOOD recruiter to talk about some of these things. They see a lot of resumes and talk to a lot of actuaries, so they may be able to help you assess your experience relative to others. They also can help you with whether your job responsibilities and compensation make sense. An added bonus is that building this kind of relationship can be really beneficial if/when you choose to move down the line.

I don't think that anything you described is necessarily bad, though I'd be looking for ways to demonstrate leadership and to incorporate different skills (DS, predictive modeling) in your work.

I was in a similar situation in a previous role, albeit with a couple years less experience. In my case I had peers at my company, but no idea how that company compared to the industry overall. Anecdotally I knew that it was very different, and I worried about my ability to ever be hired somewhere else.

The recruiter I worked with was very helpful, and the information she gave me helped me to argue for a promotion. Later, she placed me in a role that was a really good fit. Feel free to send me a PM if you want to know who I worked with.
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  #8  
Old 01-10-2019, 11:40 AM
hjacjswo hjacjswo is offline
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Quote:
Originally Posted by Fracktuary View Post
Is your compensation in line with expectations via the DWS survey ?
It's actually lower, although, I'm in a low cost area.
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  #9  
Old 01-10-2019, 11:42 AM
hjacjswo hjacjswo is offline
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Quote:
Originally Posted by Colonel Smoothie View Post
Be your own person, set your own goals imo. For example, do you even want to manage people? Being concerned just because others are managers isn't worth it, if that's not what you want to do.
I definitely wanna manage in the long run. Not sure how else you advance in corporate. I think there is some benefit in assessing how competitive you are in the market against your peers.
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  #10  
Old 01-10-2019, 11:45 AM
hjacjswo hjacjswo is offline
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Quote:
Originally Posted by PeppermintPatty View Post
I'd be most concerned with not having experience managing people or with modeling. Do you manage projects? Manage a budget?
I've never managed budget. I've managed projects as in being in charge of processes, certain tasks, etc. Is this what you mean? When do most people start having direct reports? I would think kts quicker at bigger companies. 5 yrs?
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