It's pretty good for becoming an Actuary; you get rotated around the company about 1 1/2 years.
Pros: all of the people were great to be with. i really enjoyed my last few rotations.
Cons: i can't really think of any.
I first started crediting discount rates to two different annuity plans and projecting UL profits. My manager was a great one because he always took the time I needed to develop an understanding of where we were going, and how we were going to get there. My co-workers there were also great both indoors and after work. Any questions you had you could get an answer to by asking one person or the next. If no one knew the answer, the internet was a great tool. As I moved along in the company, I passed my exams successfully, and I was assigned the actuarial department. By that I mean I had to make sure that everyone in the program got fair raises, and they were assessed competently. I also had to say who got hired for a position with other peoples' input. My staff increased to four professionals who were truely a good team to work with. My favorite projects fall in the categories of Statutory, GAAP, and Tax reserves. I was assigned the GAAP factor system and to update the factors. However, I searched through the company and there was no document anywhere that mentioned the GAAP factors and how they were created. I called around and settled on PolySystems. PolySystems prepared a sample of what our inforce should look like along with a projection of the expected gross profits for UL. The Senier Executives and actuaries saw it and we were pleasantly surprised! That sold us on PolySystems GAAP for a year. The Following year, PolySystems came back in and showed what our Statutory and Tax reserves could be compared to using a net single premium each year. That sold us on PolySystems for another year.