UCSB Actuarial Club April 26 2012 2012 Strategic

UCSB Actuarial Club April 26, 2012

2012 Strategic Plan Update

The actuarial profession From: In traditional markets, diminishing relevance and/or decreasing demand. To: Significant and increasing relevance and demand in traditional and new markets 3 3

Value of the actuary From: Widely perceived as a technical expert. To: Highly sought-after risk professionals with demonstrated business acumen and technical expertise. 4 4

Globalization From: Predominantly U. S. and Canadian membership with U. S. centric services. To: The SOA attracts and serves members in sustainable actuarial communities around the world. 5 5

Recognition of SOA credentials From: Low awareness among non-actuaries. To: SOA credentials recognized across industries and valued internationally. 6 6

Candidate attraction From: Math-oriented individuals aspiring primarily to technical excellence. To: Best and brightest representing a variety of skills and aspirations from technical excellence to senior business and policy leadership. 7 7

Research philosophy From: Varied mix of research projects reaching mostly limited and specialized audiences. To: Advances actuarial knowledge, expands the boundaries of actuarial science, strengthens practice and informs public policy. 8 8

Perceived value of SOA From: Limited awareness and understanding of SOA value beyond providing the credential. To: Retain focus on value of the credential while expanding understanding and appreciation of SOA’s additional services/roles. 9 9

Interviewing §

Do Your Homework § Know the profession • Beanactuary. org; soa. org; casact. org • What actuaries do you know? • Informational interviews § Know yourself • What are your intentions? • Know what you don’t know 11 11

Interviewing § Know the company • Annual reports • Google alerts • Linked. In § Be relevant • Relate experience to the business § Make it a conversation • Engage the interviewer • It’s a learning opportunity 12 12