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"Why are the expected retiree payments in our reports significantly higher than what we are charged by the insurance companies?" We're kicking off a new series called "Ask an Actuary" where our Content Manager, Stephanie Irvin, MBA interviews our team to address your top questions. Francis Fraine, Director of Operations and Actuarial Consultant here at Odyssey Advisors, sat down to tell us a little about expected employer payments and why you might notice discrepancies in the numbers. Have questions or want us to cover a particular topic? Drop us a comment below - we're all ears! #askanactuary #retirementbenefits #finance #OPEB

Kicked off our inaugural 'Ask an Actuary' chat with Francis Fraine last week! If you've ever had a question you've wanted to ask an actuary, now's your chance! Ever wondered if they've ever had to use their skills to estimate the probability of something totally non-work related? Or maybe what's the funniest misconception someone has had about their job? 🤔 Drop us your questions below or shoot us a message! #AskanActuary #actuarialinsights #finance #riskmanagement #OPEB #retirementplanning #actuary

What is an actuarial analyst and how do they help professional service firms make risk-related services? Jan DeClue does a great job of describing the duties of an actuarial analyst and how L&E can offer solutions to the insurance industry. Read her article via the link in the comment section. #lewisandellis #actuary #actuarialanalyst

February is #InsuranceCareersMonth and this year we are highlighting different careers in the industry by interviewing some of our awesome staff. Take a few minutes to learn more about Assistant Actuary, Maverick Maynard, and his career in the Actuarial department at North Star Mutual! #careers #insurance #Actuarial

#hiring Women in Business, Actuarial, National, 2024, Barkingside, United Kingdom, fulltime #jobs #jobseekers #careers #Barkingsidejobs #GreaterLondonjobs #Accounting #entryleveljobsuk #graduatejobsuk #firstjobuk #newjobuk #internshipsuk Apply: https://lnkd.in/dtzX6_Ke As one of the UK's largest Actuarial practices we're market leaders providing insights and solutions for all businesses that face significant and complex risks. We play an important role in supporting clients through uncertain times. Actuaries analyse how future events could affect businesses and we calculate the impact these events could have on our clients. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake. As one of the UK's largest Actuarial practices we're market leaders providing insights and solutions for all businesses that face significant and complex risks. We play an important role in supporting clients through uncertain times. Actuaries analyse how future events could affect businesses and we calculate the impact these events could have on our clients. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake. You'll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen. Just as important, you'll develop a flair for presenting your findings in simple, easy-to-understand language. What's more, early client exposure will broaden your experience.Actuarial Services Our Actuarial Services team sits within Risk Modelling Services. We have offices across the UK including London, Edinburgh, Manchester and Bristol. We're one of the largest growth areas within our Risk practice, working across a broad range of clients in sectors including insurance, healthcare, banking, investments and wider business modelling commercial and government. Within the team we have a blend of actuaries, data scientists and advanced analytics practitioners who apply cutting edge technology to solve a variety of client problems.Our people are encouraged to take responsibility at an early stage and proactively develop their career. We seek to develop accomplished consultants, not just technically strong analysts. This means exposure to a wide range of project situations, often working with specialists from other disciplines within PwC such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Forensics, Audit and Tax. As part of PwC, we are involv

The Harmony of Shared Purpose: Attracting Like-Minded Colleagues for Unprecedented Success In the realm of building a consortium, particularly within the specialized niche of actuarial management consulting services, the alignment of purpose and reward is not just beneficial—it's essential. Here begins a discourse on why attracting like-minded colleagues is paramount and how it can propel us light years ahead of traditional corporate structures. The Foundation: Shared Purpose The bedrock of any successful consortium is a shared purpose. It's the magnetic force that attracts not just any talent, but the right talent. When everyone in the team is gunning for the same goal—say, establishing a portfolio of international clients in need of specialized actuarial management consulting—the synergy is palpable. This alignment ensures that every strategy discussed and every effort expended propels the group toward a common horizon. The Attraction: Like-mindedness Attracting like-minded colleagues starts with clarity in vision. It's about broadcasting your consortium's mission in a way that resonates deeply with those who share your aspirations and values. This resonance is crucial; it ensures that you're not just gathering a group of skilled individuals, but a cohesive unit that believes in the cause. And when belief underpins effort, the results are not just achieved; they're magnified. The Glue: Integrity and Personality While shared goals pull the right people into your orbit, it's the integrity and personality of the consortium that keeps them there. In a landscape where options abound, the differentiator often comes down to the character of the group. A team marked by integrity, mutual respect, and a dynamic that encourages individual personalities to shine becomes a place where professionals don't just contribute—they thrive. The Outcome: Surpassing Corporations By prioritizing shared purpose and reward, and fostering an environment that values like-mindedness and integrity, a consortium can achieve what many large corporations cannot: a deeply engaged team that's not just working for a paycheck but is passionately invested in the vision. This alignment between the consortium's objectives and its members' personal values and goals creates a formidable force, one that's agile, committed, and, most importantly, aligned in its pursuit of success. Conclusion: The journey to building a successful consortium, especially in the specialized field of actuarial management consulting, hinges on attracting like-minded colleagues. By establishing a shared purpose, ensuring alignment of goals, and maintaining a culture of integrity, such a group is not just setting itself up for success; it's redefining what success looks like. It's a testament to the power of collective ambition, where the whole is indeed greater than the sum of its parts. #SharedPurpose #ActuarialServices #TeamBuilding #ProfessionalHarmony

Free Actuarial Market Advice. I had a candidate we have recently represented, ask to speak to me today regarding a number of offers they have, not via Cavehill Consulting, as the offers are in a market we are currently developing. Now, some agents would say, I can't help you, it's of no gain to me. However, I try not to be that guy, especially at Christmas! I genuinely wish all the best for the candidate in question, of course it would be nicer if we were the agency to place them. But, market information and insights we can provide that help them make a better, informed decision on which insurer to join, and at what Actuarial level on offer; well I am happy to impart my advise. Maybe this will help us in the future, maybe it won't. Either way it doesn't matter, hopefully the advise I provided helps them make the best decision for them, again I want to see people do well, especially with a major move like this. #TeamCC #Christmas

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Privileged to have been able to co-present at the Actuaries Institute All Actuaries Summit on the "Key Developments in External Audits, Divergence from External Peer Reviews, and Important Implications on Professional Actuarial Practice" In our presentation we explored the following key areas of recent developments in external audits and external peer reviews: 1) The role of an external auditor, an auditor’s expert vs. an audit specialist, and how this impacts reserving, provisioning, and other finance function practices, including the work of the primary actuary (or the Appointed Actuary in the case of insurance companies). 2) Emphasis of an external audit on the performance of procedures (an action not an outcome) and identification of misstatements, how this has diverged significantly from the traditional emphasis of external peer reviews on the overall reasonableness of the primary actuary’s advice (an outcome), how the overall reasonableness of the actuary’s advice does not automatically lead to the absence of misstatements. 3) Current auditing standards, in particular ISA 540 and ISA 620, and how they translate to requirements on both the auditor (e.g., the audit actuary) and management’s expert (e.g., the actuarial reserving team or external consulting actuary). 4) The need for documentation and evidence-keeping, how this differs from traditional understandings of “judgement” among actuaries, treatment of “judgement” as speculation under emerging audit practices, and implications on professional actuarial practice. We also presented a series of case studies across all practice areas (general insurance, life insurance, banking), and what these mean for professional actuarial practice in these practice areas. It was great to hear the respective insights from Nina Larkin and Chao Qiao. If you want to hear more, reach out to any of us! #ActuariesSummit #PeerReview #Professionalism