Opportunity to become a more productive, strategic actuary
Less experienced actuaries
Will be encouraged to pursue professional growth opportunities by
researching issues, participating in technical discussions, and
developing first drafts of reports
And will provide their companies with
More in-depth exposure to certain technical topics, enhanced
communication skills, and new perspectives to bring to key issues.
More experienced actuaries
Will work with industry representatives in their fields of expertise to broaden their skills and thinking process by taking part in Academy projects that explore questions such as "How can this
work better?" or "What are the consequences of doing this?"
Provide analysis on the unintended consequences of legislative and
regulatory initiatives to educate policymakers.
Learn how to manage, or better manage, a project.
Develop relationships with actuaries across the country that will be
useful in future Academy and non-Academy projects.
And will provide their companies with
A better, more productive, diverse, up-to-date, and more strategic
actuary. Even the most experienced actuary is likely to come back
with more ideas, better communication skills, and enhanced
knowledge of current technical and policy trends within the
industry.
Opportunity to learn about public policy issues - Volunteering also gives the actuary the opportunity to expand his or her horizon beyond the traditional
constituencies of management, clients/customers - to interest groups, legislative,
regulatory and public policy audiences.
Opportunity to shape public policy - Volunteers who are willing to put in the
time can find themselves quickly on the front lines chairing work groups and
making presentations.
Opportunity to play a leadership role in the public policy realm - A few of
the committee members with demonstrated leadership abilities may be asked at
some point to continue as Vice Chairperson or Chairperson. The Practice
Councils are primarily made up of the Chairpersons of the committees and work
groups, but they also include several spots for liaisons and "regular" members.
Once ingrained in Academy activities, some individuals gravitate to Academy
leadership or participate on the Actuarial Standards Board or its Committees.
Continuing education credits - Service on a work group or committee may also qualify the committee member for continuing education credits under the new qualification standards.
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