Actuary

That's impressive! As a Chartered Accountant with 7 years of experience in banking as a credit manager and currently employed as an internal auditor at KSEB (Kerala State Electricity Board), you have a strong background in finance, credit management, and auditing. These experiences provide you with a diverse skill set and a deep understanding of financial management and accounting principles. Your experience in banking as a credit manager likely involved assessing creditworthiness, evaluating loan applications, analyzing financial statements, and managing risk. These skills can be valuable in various financial roles within organizations. Your current role as an internal auditor at KSEB indicates your expertise in assessing and improving internal controls, identifying risks, and ensuring compliance with regulations and accounting standards. Internal auditors play a crucial role in safeguarding an organisation's assets and ensuring financial integrity. Given your background and experience, you may consider exploring opportunities in roles such as financial analyst, financial controller, risk manager, or finance manager. These positions often require strong analytical skills, financial reporting expertise, and a deep understanding of financial regulations. If you are looking to advance your career further, you could also consider obtaining additional certifications or specialised qualifications in areas such as risk management, financial analysis, or financial planning and analysis (FP&A). These certifications can enhance your knowledge and marketability in your chosen field.

My dear candidate, Actuaries are mostly employed by insurance and reinsurance firms. They can also pursue academic endeavours while working as consultants for businesses, banking, financial consulting firms, actuarial consulting firms, the government sector, pension funds, and investment advises. PwC Actuarial Services India, Max Bupa Insurance, Milliman, IDBI, and many more leading businesses recruit actuaries. Actuaries are in charge of determining the risks associated with the distribution of money, resources, and new policies. Depending on experience and competence, an actuary in India might make anywhere between 4 and 20 lacs annually. Additionally, they are eligible to a range of fringe benefits, including health insurance, housing, and transportation advantages, depending on the company for which they work.

My dear candidate, scope in Several Sectors
Actuaries play important roles in several corporate and social environments. As follows:
Medical Insurance, Automobile Insurance, Health Insurance, Plans for employee retirement and benefits
Insurances in general, Financial and Investment Services, sectors of education. BPO Investment companies
Rating agencies for risk management
The following positions are possible for actuaries:
risk experts, Administrative assistant, Finance consultants in several Insurance areas, acting as a BPO administrator, Actuary Named as General Officer Financial Service Executive, Actuarial Expert
Health care analysts, managers, and directors, Pension Account Manager supplying an administrator who is not employed by insurance companies
Actuarial Senior Analyst, Financial and insurance asset liability manager Risk managers for insurance consultants in the IT sector.

Dear aspirant, Actuarial Science is a relatively new career, keeping in mind the age old cliches that are present. A person who studies the course can now be a part of the banking and business field. The fact is that actuaries are amongst the highest paid individuals today. A fresher from the industry can be paid as much as Rs. 10,00,000 per annum. The job is highly rewarding in any part of the world and is in demand due to ample of vacancies as it is a skilled job that required a qualified person to solve risk involved problems. A student of Actuarial Science can opt for an internship and expect a stipend of INR 40,000 per month. The salary for an Actuary in India is around 15 to 20 Lacs per annum but it depends on the individuals skills, expertise and knowledge. If one has started and has cleared 3 to 4 papers, then a person who has studied Actuarial Science in India can expect to get 3 to 5 Lacs per annum.