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  #31  
Old 01-25-2018, 07:18 PM
ssop19 ssop19 is offline
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My advice is to find an actuarial mentor outside of your company that you can speak to frequently. It isn't going to help with getting qualified for the MAAA credential. But I think there are some potential traps in your situation that you don't want to fall into and you really need an experienced actuary to help you.

I've seen other actuarial students in your situation and one of the pitfalls they fall into is that once they get their ASA, there are people in their company (usually sales people) who misrepresent and overpromise what that new ASA can deliver. It's usually very difficult for that new ASA to know how to manage the situation and not have the wrong words put into their mouth.
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  #32  
Old 01-26-2018, 09:19 AM
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Originally Posted by ssop19 View Post
My advice is to find an actuarial mentor outside of your company that you can speak to frequently. It isn't going to help with getting qualified for the MAAA credential. But I think there are some potential traps in your situation that you don't want to fall into and you really need an experienced actuary to help you.

I've seen other actuarial students in your situation and one of the pitfalls they fall into is that once they get their ASA, there are people in their company (usually sales people) who misrepresent and overpromise what that new ASA can deliver. It's usually very difficult for that new ASA to know how to manage the situation and not have the wrong words put into their mouth.
Who cares? just get the asa.
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  #33  
Old 01-26-2018, 10:07 AM
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My first employer did not do raises, and study time was under the table. Promotion only came after 3 years. I was exposed to a very specific topic in health without broader medical insurance experience, and I was an ASA.
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  #34  
Old 01-26-2018, 11:12 AM
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Originally Posted by actexp View Post
Experience requirements are part of the Qualification Standards for Actuaries Issuing Stmts of Opinion in the U. S. It's on the Academy website, and I'd imagine many others.
In re-reviewing this is correct. Signature authority requires AAA membership (for CAS or SOA), which requires supervision by a "Qualified Actuary". Presumably 'qualified' means credentialed, but it doesn't explicitly say that, which is somewhat weird.
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  #35  
Old 01-26-2018, 11:32 AM
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Originally Posted by ronaldy27 View Post
Yikes
I don't understand your reaction. What's wrong with EB?
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  #36  
Old 01-26-2018, 11:32 AM
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Originally Posted by cowactuary View Post
Sorry I don’t have a link. That’s what I was told at APC. That being a career changer my ASA is basically worthless unless MAAA. I’m happy to be wrong here
The bolded is just simply false. ASA is never worthless.

ASA + work experience >>> no designation + work experience >= ASA & no work experience >>> no designation & no work experience

IMO.
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  #37  
Old 01-29-2018, 09:58 AM
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Originally Posted by ALivelySedative View Post
Signature authority requires AAA membership
Signature authority for what?
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  #38  
Old 02-06-2018, 09:28 PM
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Originally Posted by cowactuary View Post
Sorry for the confusion. Yes, it was in the context of signing Statements of actuarial opinion.
Let's be clear. There is:

- General Qualification Standard, which covers
a) Basic Education & Experience Requirement
b) SAOs covered by CAS exams, ASPPA or specialty track of SOA exams; and
- Specific Qualification Standard, which covers ONLY
a) Life & A&H Statement
b) Property & Casualty Statement
c) Health Statement.


GQ: ASA/FSA + 3 yrs exp + knowledge of Code of Conduct
SAO Exams: FSA in track/FCAS or FSA out of track + 1 yr supervised experience or ASA + 3 yrs supervised experience
SQ: FSA in track or "specific exams" + 3 yrs supervised experience

There are exceptions to several of these comments, which I defer to the actual USQS for more info.
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Last edited by wat?; 02-06-2018 at 09:49 PM..
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  #39  
Old 02-06-2018, 09:44 PM
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Quote:
Originally Posted by wat? View Post
Let's be clear. There is:

- General Qualification Standard, which covers
a) Basic Education & Experience Requirement
b) SAOs covered by CAS exams, ASPPA or specialty track of SOA exams; and
- Specific Qualification Standard, which covers ONLY
a) Life & A&H Statement
b) Property & Casualty Statement
c) Health Statement.


GQ: ASA/FSA + 3 yrs exp + knowledge of Code of Conduct
SAO Exams: FSA in track/FCAS or FSA out of track + 1 yr supervised experience or ASA + 3 yrs supervised experience
SQ: FSA in track or "specific exams" + 3 yrs supervised experience
Nice summary.
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  #40  
Old 02-07-2018, 12:33 AM
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Originally Posted by twig93 View Post
The bolded is just simply false. ASA is never worthless.

ASA + work experience >>> no designation + work experience >= ASA & no work experience >>> no designation & no work experience

IMO.
Hell, I got laid off in 2017 and rehired into a non-actuarial data science function at a life insurance company.

My ACAS definitely helped and I'm enjoying the work a lot more.
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