An Actuary is tasked with evaluating the financial impact of risk and uncertainty of a business or corporation. They will have a very strong background in asset management, liability management, business know-how, and analytical skills, as well as an intimate understanding of human behavior. Actuaries can be seen as the “prophets” of a company.
They have to predict what impact events will have on the business. Everything from declines in the economy to natural disasters. This job is very stressful and has a high responsibility, because if you are wrong in your predictions, you will cost the company a lot of money. Actuaries in Jamaica can expect to earn around JMD 5,366,948 per year.