Actuaries are business professionals who work in pension funds, management consultancies, life insurance companies, and investment banks. Their job is to evaluate the risks involved in projects and to assess all the possible consequences of those risks on the organization. An actuary cover letter can be defined as an official business letter written to the hiring manager or the employer directly stating the applicants’ interest in the job that they are applying for and why they think they are the right fit for a job.
How to Write an Actuary Cover Letter
Start by stating who you are and explain your reason for writing. Then proceed to introduce your CV and highlight the main points.
This can be your qualifications, skills, or indeed your experiences which you can match with the job requirements. End with a call to action, stating what you are expecting to happen next. For instance, “I hope to get an opportunity to discuss this with you further at the interview.” When writing an actuary cover letter, always keep in mind that this will be the hiring manager’s first impression of you, therefore you should strive to make it count.
Here are a few things to keep in mind when writing your cover letter:
- Show the potential employer/hiring manager that you have researched about the role, the organization, and the industry
- highlight why you believe that you are the best candidate for the role
- Properly explain your unique selling points
How to Structure Your Actuary Cover Letter
Even though it is a rule of thumb that a cover letter should not go on for more than one side of an A4, it should still follow a basic structure:
Paragraph one
This should be a positive, formal introduction explaining how you heard about that opportunity and why you are interested in applying for the role of the organization.
Paragraph two
Introduce your cover letter, highlight the main points that you would like them to focus on, and outline how the role is in line with your career plans.
Paragraph three/four
End the letter positively with a call to action and what you are expecting to happen next.
Actuary Cover Letter Samples
Following are some samples for your better understanding:
Sample 1:
Denise Joy
Hiring Manager
Joyland Ltd
234 King Street
Leicester
Q34 8GT
15th Nov 2010
Dear Ms. Joy,
I have seen your advert on the Joylab.com website for an Actuary, and I am keen to apply for the position.
As a determined individual keen on delivering more than what is expected of me, I am confident in being an immediate asset to your operations.
I am an expert in amplifying the knowledge of risk as well as capital. I know what works and what doesn’t and can be turned to upon building reliable mathematical and statistical models to predict contrasting situations.
I advise my clients on how to best manage their assets and liabilities in my current position. The job is demanding and one where I am responsible for maintaining adherence within a dynamic regulatory landscape. I also offer advice on risk regulation, audit, tax, and corporate finance. I can get a good reference from my current and previous employers.
I do what has to be done before being asked because I am highly motivated. I also offer assistance to my colleagues in times of difficulty.
I have enclosed my current resume in this letter to give you an idea of my competencies.
I am hoping to hear from you soon if what you have read is satisfying.
Yours Sincerely,
Name
Address 1
Address 2
Tel: 3345 134 567 0235
Email: [email protected]
Sample 2:
Clay Bridges
(111) 437-9875
23-may-17
Dear Mr. Walker,
I am thrilled to be applying for the Actuary position at Goldbridge Insurance Corporation. With my extensive knowledge of probability and statistics, mathematics, and analytical skills, I would be an excellent fit for this role.
I can prove to you that it’s a no-risk proposition hiring me to assess the risks in Goldbridge’s insurance pool.
My education includes heavy mathematical training with a Master’s in Science from Kingsley University. I have also worked in financial firms like Declan and Rice Group, analyzing and predicting market trends. My advice led my clients to increase their profits by 25%.
Experience in the financial sector and dealing with financial markets greatly shaped my ability to analyze and process large amounts of data. I dearly believe that my experience and qualification would make me a great addition to your team.
Thank you for your time in looking over my resume. I look forward to showing my mathematical skills more fully and becoming a part of Goldbridge Insurance Corporation.
Sincerely,
Clay Bridges
Actuary Cover Letter Templates
There are many prospects out there, but they won’t just be handed to you on a silver platter. Crafting a great cover letter that seizes the attention of the hiring manager or the potential employer is paramount to getting your dream job. We are here to help make that happen. Simply download our ready-to-use templates and customize them for the specific job that you are applying for.
Tips to add More Value
Here are our top picks to help you when writing your cover letter:
Do not rewrite your resume: when writing your cover letter, tell a story and share your passion.
Address the letter to a specific person: ensure to try and avoid using generic phrases like “to whom it may concern” and address the hiring manager or your potential employer with either their full name and title or by simply using their title and last name.
Explain your achievements: speak to what you managed to do well and how such activities are related to the position that you are applying for.
Do not focus on yourself too much: focus on how you will add value to the company.
Frequently Asked Questions
Here are some synonyms that you can use in your cover letter endings:
• Best regards
• Sincerely
• Best
• Your truly
• Thank you
• Best regards
• Sincerely yours
• Most sincerely
• Respectfully yours
Your actuary cover letter should be one page long and should be divide into three to four paragraphs. Your first paragraph should indicate the reason for your writing and how you came to hear about the position. The second paragraph should explain your qualifications and highlight specific examples of how your skills, experiences, and research match what is included in the job description. The third and fourth paragraph(s) should be sued as a closing paragraph to thank the hiring manager for their consideration and to request them for an opportunity to meet to discuss the position.
Conclusion
A well-drafted actuary cover letter is an important step in your job search. You must keep attention to detail when writing the letter and ensure that it is free of any grammatical errors. We believe that both the sample and templates provided will help you draft a letter that will help you land a job. Good luck!
