What does a part-time actuary do?

As a part-time actuary, your job is to research and analyze risks, mainly as they affect finances and other aspects of a business. In this role, you may study trends within risks, help find ways to avoid them, and present the compiled statistical information to people who need that information. You may have to give financial reports on this information on a regular schedule. Most actuaries use specialized computer software to process data, generate visual reports, and otherwise aid their work. Actuaries often work with insurance companies, pension companies, consulting firms, and government agencies, and many ultimately transition to management or executive roles. This job involves heavy use of mathematics, especially statistics and probability theory.