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actuary:cera

What you can do other than being an actuary?

The Credential

Developed by the Society of Actuaries (SOA), the Chartered Enterprise Risk Analyst (CERA) credential encompasses the most comprehensive and rigorous demonstration of enterprise risk management (ERM) expertise available.

  • Combines actuarial discipline and rigor with critical and creative thinking
  • Applies both qualitative and quantitative insights to ERM
  • Instills the highest professional standards, with an impeccable code of ethics and unparalleled educational requirements
  • Best equips risk management professionals to empower better business decisions

The Opportunity

Global demand for skilled enterprise risk management professionals is growing in nearly every industry. CERAs are working in:

  • Insurance
  • Reinsurance
  • Consulting
  • Financial services
  • Transportation
  • Technology
  • Manufacturing
  • Healthcare

The roles that CERAs are able to play are changing as well. CERAs can be found at all levels of an organization, including:

  • Risk Manager
  • Chief Financial Officer
  • Operational Risk Manager
  • Consulting Actuary
  • Chief Actuary
  • Modeling & Analytics Director
  • Risk Strategy Director
  • Chief Risk Officer
  • Quantitative Solutions Analyst

Curriculum

The CERA credential encompasses a world-class curriculum that combines actuarial science with the theoretical, practical and professional principles of ERM. Professionals must take five exams, two online courses and one in-person course on professionalism, as well as fulfill an educational experience requirement. Traditionally, it takes three to four years to complete.

  • Exam P: Probability
  • Exam FM: Financial Mathematics
  • Exam MFE: Actuarial Models - Financial Economics Segment
  • Exam C: Construction and Evaluation of Actuarial Models
  • VEE-Corporate Finance
  • VEE-Economics
  • Fundamentals of Actuarial Practice (FAP) e-Learning Course
  • Enterprise Risk Management Exam
  • Enterprise Risk Management Module
  • Associateship Professionalism Course (APC)

Note that by taking courses offered by Binghamton University (most of which are required courses in the actuarial program), one can prepare for exams / obtain VEEs (shown in boldface above) that fulfil the CERA credential requirements.

To learn more, visit ceranalyst.org/fact.

actuary/cera.txt · Last modified: 2017/01/05 18:20 (external edit)