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Cleveland, OH, USA Strategy, M&A
Manager
12 years experience
  • Actuarial Science
  • Business Strategy
  • M&A
  • Financial Analysis
  • +5
Hire Nicole
Sydney NSW, Australia Strategy, M&A
Manager
6 years experience
  • Actuarial Science
  • Financial Modeling
  • Business Strategy
  • M&A
  • +7
Hire Patrick
New York, NY, USA Strategy, M&A
Senior
15 years experience
  • Actuarial Science
  • Financial Modeling
  • Business Strategy
  • M&A
  • +8
Hire Emily
Paris, France M&A, Private Equity
Manager
6 years experience
  • Actuarial Science
  • Financial Modeling
  • Business Strategy
  • M&A
  • +5
Hire Victor
Feldkirch, Austria M&A, Private Equity
Manager
5 years experience
  • Actuarial Science
  • Business Strategy
  • Mergers & Acquisitions
Hire Test
Amsterdam, Niederlande Private Equity
Manager
5 years experience
  • Actuarial Science
  • Financial Analysis
  • Competitive Analaysis
Hire Hans
Greater Lyon Area Strategy, Investment Management
Manager
3 years experience
  • Actuarial Science
  • Financial Modeling
  • Business Strategy
  • Corporate Finance
  • +5
Hire Joshua
Barcelona, Spain Private Equity
Analyst
1 years experience
  • Actuarial Science
  • Financial Analysis
Hire Jordi
Actuarial science is a discipline that uses mathematical and statistical approaches to risk assessment in the insurance, pension, finance, and investment industries and other businesses and professions. Actuarial science uses probability and statistics mathematics to describe, evaluate, and solve the financial consequences of uncertain future occurrences.

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Frequently asked questions

What clients usually engage your Actuarial science Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Actuarial science talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Actuarial science professionals, highly specialized within their domains. We have streamlined the process of engaging the best Actuarial science talent and are able to provide clients with Actuarial science professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Actuarial science professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Actuarial science consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Actuarial science consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Actuarial science talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Actuarial science talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Actuarial science consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

We are a community-based M&A staffing platform.

With our platform, you can fill full-time M&A roles, or staff your team with a Actuarial science expert when you need an extra hand.

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Everything you need to know about Actuarial science

Early in the 20th century, mathematicians established several methods that are currently part of current financial models, but these innovations received little attention for various historical reasons.

As a result, actuarial science evolved differently, relying more on assumptions than the arbitrage-free, risk-neutral evaluation principles employed in modern finance. Financial analysts recognised in the middle of the 20th century that modern financial economics theory might enhance the field of actuarial science.

They deliberately attempted to include financial theory and stochastic approaches into their established models in the late 1980s and early 1990s. The field of actuarial science has begun to incorporate more complex mathematical models of finance as ideas from financial economics have become increasingly crucial in actuarial thought.

What is Actuarial Science?

Actuarial science is a discipline that uses mathematical and statistical approaches to risk assessment in the insurance, pension, finance, and investment industries and other businesses and professions. Actuarial science uses probability and statistics mathematics to describe, evaluate, and solve the financial consequences of uncertain future occurrences.

Mathematics, probability theory, statistics, finance, economics, financial accounting, and computer science are all related disciplines in actuarial science.

The primary goal of Actuarial Studies is to provide students with the information required to do an actuary job and to enable them to pass their actuarial tests more quickly.

Actuaries use mathematical models to predict or forecast the likelihood of an event occurring for an insurance company to allocate cash to pay out any claims that may arise due to the occurrence.

Who is an actuarial science consultant?   

Actuarial science consultants are professionals who give their clients financial advice to assist them in making better financial decisions. 

They achieve this by explaining their findings in a simple, non-technical style, ensuring that their customers understand the implications, and considering any potential restrictions that may apply to them.

They use a wide range of statistics, contingency plans, and enormous volumes of data to create the optimal strategy for each client.

Actuarial science consultants also complete risk and cost analysis to determine financial uncertainties using the skills of a statistician, economist, and probabilities forecaster. Thereby helping their clients choose the proper insurance, pension, and investing plans to meet their goals, and they work with insurance companies or clients in the investment world. 

In essence, an average actuarial science consultant spends ample time crunching numbers and running hypothetical scenarios containing current trends.

What does an actuarial science consultant do?

The following are the responsibilities of actuarial consultants and represent typical tasks they are likely to accomplish in their professions;

  • Analyse existing data and utilise that knowledge to calculate how much money should be set aside to offset potential future financial losses.
  • Offer strategic advice on how to adapt to market reforms, design constraints, mandates, and taxes.
  • They manage and update the modelling dataset for automotive and consumer items using statistical analytics tools.
  • They evaluate the likelihood of work-related injuries, accidents, and occurrences beyond a company’s control, such as natural catastrophes.
  • Consultants lead the actuary intern in the automation of internal reports and assist the intern in creating SQL queries and VBA macros.

What are the two applications of actuarial science?

The two primary applications of actuarial science are life insurance and pension programs. 

  1. Insurance

Traditionally, actuarial science has been used to create life insurance, pensions, and endowment plans by analysing mortality, creating life tables, and using compound interest.

Actuarial science can help create policies for financial products such as annuities, which are investments that pay a set income stream.

Actuarial science examines rates of disability, morbidity, mortality, fertility, and other variables in health insurance, including insurance offered directly by companies and social insurance.

The implications of consumer choice, the geographic dispersion of medical services, surgeries, and the use of medications and treatments are also quite significant.

Additionally, benefit arrangements, reimbursement requirements, and the impact of suggested governmental regulations on healthcare costs are all aided by actuarial science.

  1. Pensions

Actuarial methods are used in the pension business to calculate the costs of various options for the design, funding, accounting, administration, and maintenance or redesign of pension systems.

Bond rates on the short and long terms significantly impact pension plans’ investment choices. Bonds are financial obligations issued by governments and businesses and often bear an interest payment over time. 

For instance, a pension plan may find it challenging to generate income from the bonds it has purchased in an environment with low interest rates. This raises the possibility that the pension plan may eventually run out of funds.

Benefits arrangements, collective bargaining, the employer’s competitors, and shifting worker demographics are additional elements that might affect the profitability of a pension plan. 

Tax regulations and Internal Revenue Service (IRS) guidelines for calculating pension surpluses further impact a pension plan’s financial situation. The likelihood that a pension plan will stay funded can also be affected by prevailing economic conditions and financial market developments.

Relevant Actuarial science degrees and certifications 

If you intend to become an actuarial scientist and won’t consider any other career route, actuarial studies are an excellent option. Although it is a highly specialised career that calls for extensive training and commitment, the employment market is looking for individuals just like you if you’re up for the task.

A degree in actuarial science teaches students how to evaluate financial risks in various industries, including insurance and finance, using statistics and arithmetic. These risks and a cost-benefit analysis of the insurance cost are also necessary. 

Math, statistics, calculus, probability, and science courses prepare students for these subjects. The following are examples of actuarial science degrees and certifications:

  1. BS in Business-Actuarial Science Program
  2. Actuarial Mathematics (BS)
  3. B.A. Statistics-Actuarial Science
  4. BS in Math-Actuarial Science Program
  5. B.S. in Mathematics-Actuarial & Financial Mathematics
  6. Mathematics—Actuarial Science Major 
  7. Bachelor of Business Administration in Actuarial Science 
  8. BS Actuarial Science Degree Program

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»Our Fintalent was incredible. He always went a layer deeper. We now consider Fintalent a partner on all our new projects.«

Tiara Letourneau
Tiara Letourneau
CFOO, Rewrite Capital

»Fintalent is a unique M&A platform that matches corporates, VCs, family offices, and advisors with top M&A talents. They are right at the heart of M&A innovation and solve daily challenges in the M&A project business.«

Dr. Steffen Blase
Dr. Steffen Blase
Head of Mergers & Acquisitions of Volkswagen AG

As a founder CEO, I’ve been evaluating our exit readiness and other options. Fintalent.io provided me with an expert who helped me to understand the value of our business. He took a closer look at our internal KPI and structures, to make sure we’re set up in the most professional way possible.

Bernd Bube
Bernd Bube
Founder & CEO, Advendio