CORPORATE FINANCE RELATED ROLES
- Financial Analyst: Analyze financial data, prepare financial forecasts, and support decision-making processes within a corporation.
- Financial Controller: Oversee financial reporting, accounting operations, and internal controls to ensure compliance with regulatory requirements and accurate financial statements.
- Treasury Analyst: Support treasury operations, including cash management, foreign exchange hedging, and capital structure optimization.
- Risk Manager (Corporate): Identify, assess, and mitigate financial and operational risks faced by the company, including market risk, credit risk, and operational risk.
- Chief Financial Officer (CFO): Provide strategic financial leadership and oversee all aspects of corporate finance, including financial planning, accounting, treasury, and investor relations.
ACTUARIAL SCIENCES RELATED ROLES
- ALM Actuary: An Asset-Liability Management (ALM) Actuary focuses on understanding and managing the risks that arise from the mismatch between assets and liabilities in an insurance company. They develop strategies to optimize the balance between returns on investments and the liabilities due to policyholders.
- Retirement Actuary: A Retirement Actuary specializes in the field of pensions and retirement planning. They calculate, assess, and manage the funding of pension schemes and advise on the financial stability of these schemes to ensure they can meet future obligations.
- Pricing Actuary: A Pricing Actuary is responsible for setting the price of insurance products. They use statistical models to estimate the likelihood of claims and determine premiums that are competitive yet sufficient to cover the claims and generate a profit.
- IFRS17 Actuary: An IFRS17 Actuary specializes in the implementation of the International Financial Reporting Standard (IFRS) 17, which is a global accounting standard for insurance contracts. This role involves ensuring that the insurance company's reporting and accounting practices comply with IFRS 17 requirements.
- Head of Actuarial Department: The Head of the Actuarial Department oversees all actuarial functions within an organization. This position involves strategic planning, managing the actuarial team, and ensuring that actuarial practices align with the company’s objectives and regulatory standards.
- Risk Director: A Risk Director is responsible for identifying, evaluating, and mitigating risks that could impact the financial health and strategic objectives of an organization. This role often involves developing risk management frameworks and policies.
- Reserving Manager: A Reserving Manager oversees the estimation of funds (reserves) necessary to pay future claims. This role is crucial in insurance to ensure the company maintains adequate reserves to cover claims as they arise.
- Pricing Manager: Similar to a Pricing Actuary, a Pricing Manager oversees the pricing of insurance products but typically has a more managerial role, focusing on strategy and oversight rather than detailed actuarial calculations.
- Risk Manager: A Risk Manager focuses on identifying and mitigating risks that could adversely affect an organization's profitability or existence. They often work on developing risk models that predict and quantify potential losses.
- Insurance Director: An Insurance Director oversees the entire operations within an insurance company or department, including underwriting, claims, product development, and marketing. This role involves strategic leadership and comprehensive management of insurance functions.
- Actuary in charge of Reserving: This actuary leads the reserving function, which involves estimating the necessary reserves needed to pay future claims. This role is critical for ensuring the financial stability of an insurance company.
- Key Actuarial Function Holder: This role is a regulatory position defined under insurance legislation in many jurisdictions. It involves being accountable for the overall management of actuarial functions, including ensuring compliance with actuarial and financial standards, and typically reports directly to the board of directors.
