Pension Actuary
ねんきんあくちゅありー
Industry & Occupation
Classification
Summary
A professional who ensures the financial soundness of corporate pensions and public pensions through actuarial calculations, risk assessments, and asset-liability analysis related to pension systems.
Description
Pension actuaries are professionals who actuarially evaluate the future benefit payment obligations of corporate pensions and public pensions, and propose optimal contribution levels and asset management strategies. They analyze longevity risk and interest rate fluctuation risk using Monte Carlo simulations and statistical models, and conduct cash flow forecasts. While complying with retirement benefit accounting standards and pension laws and regulations, they provide consulting to maintain the financial soundness of companies and pension funds. They work in life insurance companies, consulting firms, corporate pension departments, and more.
Future Outlook
With the progress of an aging society, the demand for operation and evaluation of pension systems is increasing, and the demand for pension actuaries as actuarial experts is expected to remain high in the future.
Personality Traits
Cautious and Accurate / Logical Thinking / Strong Sense of Responsibility
Work Style
Career Path
Junior Actuary → Senior Actuary → Actuary Manager → Partner/Department Head
Required Skills
Actuarial Calculations / Data Processing / Financial Mathematics / Knowledge of Pension Systems / Retirement Benefit Accounting / Statistical Analysis
Recommended Skills
English Document Reading / Financial Market Analysis / Presentation Skills / Programming
Aptitudes (Strengths Preferred)
| Item | Description |
|---|---|
| Analytical & Logical Thinking | To understand and build complex actuarial models. |
| Attention to Detail & Accuracy | Because small numerical errors can greatly affect evaluation results. |
| Learning Agility & Knowledge Acquisition | Because responses to changes such as legal amendments and increasing longevity are required. |
| Numerical & Quantitative Analysis | Because advanced statistics, probability theory, and actuarial calculations are performed daily. |
| Problem Solving | Because it is necessary to mathematically solve issues in pension systems and financial markets. |
Aptitudes (Weaknesses Acceptable)
| Item | Description |
|---|---|
| Physical Stamina & Endurance | Mainly desk work, with low physical demands. |
Related Qualifications
- Actuary (Certified by Japan Actuary Association)
Aliases
- Pension Actuary
Related Jobs
- Financial Analyst
- Life Insurance Actuary
- Pension Consultant
- Risk Analyst