Starting a new role as an actuary involves mastering complex analytical tools, understanding business risks, and collaborating with cross-functional teams. A 30-60-90 day plan tailored for actuaries provides a clear roadmap to navigate this transition effectively, setting measurable goals and milestones aligned with actuarial responsibilities.
This actuarial 30-60-90 day plan template helps you:
- Define technical competencies to develop, such as proficiency in actuarial software, statistical modeling, and regulatory compliance
- Outline key business areas to understand, including insurance products, risk management strategies, and financial reporting
- Track progress on deliverables like pricing models, reserving analyses, and experience studies
- Facilitate collaboration with underwriting, finance, and data science teams
Whether you are a newly hired actuarial analyst or an experienced actuary stepping into a new specialty, this plan ensures you build a strong foundation and contribute value quickly.
Benefits of a 30-60-90 Day Plan for Actuaries
Implementing a structured onboarding plan tailored to actuarial roles offers several advantages:
- Accelerates mastery of actuarial tools and methodologies critical to your role
- Enhances understanding of company-specific products, risks, and regulatory environment
- Promotes early engagement with key stakeholders across departments
- Establishes clear performance expectations and milestones to measure success
Main Elements of the Actuarial 30-60-90 Day Plan
This template is organized into three progressive phases, each with specific objectives, tasks, and evaluation criteria:
First 30 Days: Orientation and Learning
Focus on onboarding activities such as completing mandatory training, familiarizing yourself with actuarial software (e.g., Prophet, MoSes), reviewing company products and policies, and meeting your team and key business partners.
Example tasks include:
- Complete internal actuarial training modules and compliance courses
- Review recent actuarial reports and financial statements
- Shadow senior actuaries during pricing or reserving projects
- Set up regular check-ins with your manager and mentor
Days 31-60: Application and Integration
Begin applying your knowledge to real projects, such as developing pricing models, performing data analysis, or assisting with risk assessments. Deepen your understanding of business objectives and regulatory requirements.
Example tasks include:
- Develop and validate a basic pricing model under supervision
- Analyze claims data to identify trends and anomalies
- Participate in cross-functional meetings with underwriting and finance
- Document assumptions and methodologies used in analyses
Days 61-90: Contribution and Leadership
Take on increased responsibility by leading smaller projects, presenting findings to stakeholders, and contributing to strategic discussions. Focus on refining technical skills and expanding your professional network within the company.
Example tasks include:
- Lead an experience study and present results to the actuarial team
- Collaborate with IT to improve data quality and reporting tools
- Identify process improvements to enhance efficiency
- Set goals for continued professional development and certification progress
This structured 30-60-90 day plan empowers actuaries to transition smoothly into their roles, delivering measurable impact while fostering continuous learning and collaboration.
