Actuary Cover Letter
Actuaries calculate financial risks and deliver data to clients such as investment managers. These professionals need to use mathematical modeling techniques to obtain data and must be able to communicate information to non-specialists in an accessible manner. Essential work duties of an Actuary include assessing risks, determining probability, helping to develop financial products, preventing clients from taking excessive risk, making sure operations comply with requirements of regulatory bodies, and assisting with mergers and acquisitions.
Eligible cover letters for this job mention skills and abilities such as:
- Excellent numeracy skills
- Strong writing abilities for creating reports
- Business acumen
- Good communication skills and being able to explain complex information to clients
- Determination and self-discipline
- Computer proficiency
Just below is provided a cover letter example showcasing similar skills and competences.
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Dear Ms. Bostick:
Upon review of your posting for a new Actuary, I hastened to submit my resume for your consideration. With my expertise in financial analysis, statistical models, and software programs to determine probability and actual costs within the insurance industry, I feel confident that I would significantly benefit operations and profitability at Veritas Insurance.
My expertise lies in designing and analyzing insurance products, including structure and pricing. From developing models and analyzing overall performance to conducting research and producing detailed reports, my background has prepared me to excel in this capacity. With a firm grasp on the principles of complex mathematics and business analysis, my communication, problem-solving, and time management abilities position me ready to thrive in this challenging role.
Highlights of my background include…
- Designing life insurance products—including Term, Term University Life, a lump-sum disability rider, and various annuities—as an Actuary for Matrigal Insurance Co.
- Manipulating and analyzing complex data sets to develop annual plan liabilities and produce funding and disclosure reports.
- Preparing actuarial opinions, memorandums, and executive summaries; annually summarizing Asset Adequacy Testing results to meet year-end regulatory requirements.
- Evaluating and reporting on measurable trends within claim payments to target specific areas for improvement and/or growth.
- Leveraging organizational, interpersonal, and motivational skills to generate peak results and top performance levels.
- Earning distinction as a Fellow in the Society of Actuaries.
With my proven experience and professional accomplishments, coupled with my technical aptitude and my dedication to ensuring first-rate accuracy, I believe I could swiftly surpass your expectations as your next Actuary. I look forward to discussing this opportunity, and my qualifications, in more detail. Thank you for your consideration.
Wade R. Williams