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


Not looking for a job? Tell us about your ideal job,
and we'll only contact you when it opens up.
https://www.dwsimpson.com/register


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-14-2013, 08:29 PM
Hodgey8806 Hodgey8806 is offline
Member
CAS SOA
 
Join Date: Dec 2012
Posts: 61
Default Does any one hire CERA's?

I'm currently concerned about my future in the health actuarial field with the gloomy future that seems to be PPACA. I was wondering if anyone such as banks are actually hiring CERA actuaries. What type of positions do these particular analysts do? Are they competitive among CFA's?

As well, how do you market such a designation?

Thanks!
__________________
P FM MFE
Economics Applied Stats Corporate Finance
Reply With Quote
  #2  
Old 10-14-2013, 08:32 PM
anon3's Avatar
anon3 anon3 is offline
Member
CAS SOA AAA
 
Join Date: Sep 2001
Posts: 1,317
Default

Quote:
Originally Posted by Hodgey8806 View Post
I was wondering if anyone ... are actually hiring CERA actuaries.



you got scammed by the SOA
__________________
I am everybody. I am nobody
Reply With Quote
  #3  
Old 10-14-2013, 08:39 PM
Hodgey8806 Hodgey8806 is offline
Member
CAS SOA
 
Join Date: Dec 2012
Posts: 61
Default

Lol, well I didn't go that route, but I wanted to research before I do anything rash such as that. Also to fix my grammar: ... if anyone ... is* ...
__________________
P FM MFE
Economics Applied Stats Corporate Finance
Reply With Quote
  #4  
Old 10-14-2013, 09:06 PM
LifeIsAPoissonProcess's Avatar
LifeIsAPoissonProcess LifeIsAPoissonProcess is online now
Member
CAS SOA AAA
 
Join Date: Aug 2010
Favorite beer: FBS/KBS/CBS
Posts: 6,799
Default

I would say 75% of the job descriptions I've seen with 'CERA' listed as a required designation only list it as one of several designations a candidate could have to be eligible for the position. Unless the position has something to the effect of 'Risk Manager' in the title, an ASA will usually suffice. As someone who is taking the ERM exam in two weeks, I can't imagine a company paying me money to manage risks simply based on my knowledge of the course material.
__________________
Quote:
And you should be the best Actuary not the worst Actuary. - Latitude 30
Reply With Quote
  #5  
Old 10-15-2013, 12:17 AM
Academic Actuary Academic Actuary is offline
Member
 
Join Date: Sep 2009
Posts: 9,039
Default

Financial risk managers would generally have an MBA with possibly a CFA, FRM o PRM. Traditional risk managers who are primarily involved in managing property and and liability risks would have a CPCU, ARM or both. The idea of enterprise risk management was merge both aspects of risk management into a coordinated strategy. You need general business skills and industry specific knowledge to be an effective enterprise risk manager.
The quantitative, statistical aspects are quite minimal.

CERAs are qualified to manage insurance company risks. I will change my view when I see a double digit list of individuals with the qualification working in risk management outside the insurance industry.
Reply With Quote
  #6  
Old 08-19-2018, 06:39 PM
764dak's Avatar
764dak 764dak is offline
Member
 
Join Date: Jun 2011
Posts: 1,016
Default

Quote:
Originally Posted by Academic Actuary View Post
Financial risk managers would generally have an MBA with possibly a CFA, FRM o PRM. Traditional risk managers who are primarily involved in managing property and and liability risks would have a CPCU, ARM or both. The idea of enterprise risk management was merge both aspects of risk management into a coordinated strategy. You need general business skills and industry specific knowledge to be an effective enterprise risk manager.
The quantitative, statistical aspects are quite minimal.

CERAs are qualified to manage insurance company risks. I will change my view when I see a double digit list of individuals with the qualification working in risk management outside the insurance industry.
What about know? I see SOA CERAs that work in banking and investment on the Actuarial Directory.
Reply With Quote
  #7  
Old 08-19-2018, 09:34 PM
OnLevel OnLevel is offline
Member
CAS
 
Join Date: Nov 2016
Posts: 1,631
Default

Quote:
Originally Posted by 764dak View Post
What about know? I see SOA CERAs that work in banking and investment on the Actuarial Directory.
A lot of those people had the risk jobs before getting CERA. Some got it via the experienced practitioner pathway when CERA was started. The credential is a scam for the most part. You're better off getting FRM, or PRM.
Reply With Quote
  #8  
Old 08-19-2018, 10:03 PM
The_Polymath's Avatar
The_Polymath The_Polymath is offline
Member
CAS SOA
 
Join Date: Jun 2016
Posts: 2,862
Default

Quote:
Originally Posted by Academic Actuary View Post
Financial risk managers would generally have an MBA with possibly a CFA, FRM o PRM. Traditional risk managers who are primarily involved in managing property and and liability risks would have a CPCU, ARM or both. The idea of enterprise risk management was merge both aspects of risk management into a coordinated strategy. You need general business skills and industry specific knowledge to be an effective enterprise risk manager.
The quantitative, statistical aspects are quite minimal.
This is flat out wrong. You are describing the folks in financial risk that are not Actuaries. They mostly work in risk reporting.

Financial Risk Actuaries easily have the highest level of quantitative knowledge out of all the sub-specialties, as it requires a high degree of technical skills.
Reply With Quote
  #9  
Old 08-19-2018, 10:33 PM
Academic Actuary Academic Actuary is offline
Member
 
Join Date: Sep 2009
Posts: 9,039
Default

Quote:
Originally Posted by The_Polymath View Post
This is flat out wrong. You are describing the folks in financial risk that are not Actuaries. They mostly work in risk reporting.

Financial Risk Actuaries easily have the highest level of quantitative knowledge out of all the sub-specialties, as it requires a high degree of technical skills.
That is correct. I am describing people that are not Actuaries. That was the intent of the CERA designation. It was intended to be a designation that would be recognized beyond actuarial confines. Will the designation get you an interview at Goldman Sachs?
Reply With Quote
  #10  
Old 08-20-2018, 10:12 AM
therealsylvos's Avatar
therealsylvos therealsylvos is online now
Member
CAS
 
Join Date: Mar 2014
Posts: 17,644
Default

Quote:
Originally Posted by Academic Actuary View Post
That is correct. I am describing people that are not Actuaries. That was the intent of the CERA designation. It was intended to be a designation that would be recognized beyond actuarial confines. Will the designation get you an interview at Goldman Sachs?
Was it really? FCAS's can get a CERA by merely taking IFoA's ST-9. Doesn't seem like a broad enough exposure beyond the insurance world.
__________________
Quote:
Originally Posted by ao fan View Post
i like laying in the tube and pretending that i'm dead.
Reply With Quote
Reply

Tags
asa, cera, fsa, maaa

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 05:28 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 0.21423 seconds with 9 queries