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  #11  
Old 11-10-2013, 11:02 AM
volsfan volsfan is offline
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How so?
Deadlines. Monthly, quarterly, annual.

I'm sure you have deadlines in pricing but in valuation you can't get started until a certain day then you have so much time to finish. Also, a lot of those crunch times are during the worst parts if the year. I know you aren't worried about exams but quarter end work is always starting the month before the Fsa exams.

In valuation you are normally working on produces that are very old and boring. You have to do a lot of digging for old documentation, if it even exists.

I guess there are some advantages.
You have better job security and you are probably working with people that are more helpful and not fighting you on the rates to charge.
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  #12  
Old 11-10-2013, 11:30 AM
success108 success108 is offline
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Thanks Volsfan.
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Originally Posted by volsfan View Post
In valuation you can't get started until a certain day then you have so much time to finish.
What are you waiting on, data? And aren't things fairly well automated once you get started?

What do you do outside of crunch time? Is there any room for creativity? Strategic direction? Decision making?
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  #13  
Old 11-10-2013, 06:32 PM
30pcssilver 30pcssilver is offline
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Originally Posted by success108 View Post
Thanks Volsfan.

What are you waiting on, data? And aren't things fairly well automated once you get started?

What do you do outside of crunch time? Is there any room for creativity? Strategic direction? Decision making?
Yes. No.

Browse the AO. Sometimes. Sometimes. Sometimes.
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  #14  
Old 11-10-2013, 07:35 PM
success108 success108 is offline
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What do you do outside of crunch time? Is there any room for creativity? Strategic direction? Decision making?
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Originally Posted by 30pcssilver View Post
Browse the AO. Sometimes. Sometimes. Sometimes.
I did: model improvements, experience studies, regulatory updates. Elaboration on "Sometimes" would be helpful.
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  #15  
Old 11-11-2013, 08:33 AM
LifeAct LifeAct is offline
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I would definetly make the move. It will give you exposure to valuation work. Are we talking Variable Annuities? Will you be working on AG43, which is a stochastic based reserve? If so, then definitely do it. Knowledge of Life Insurance products, and AG43 can be leveraged when (if) PBA ever comes around.
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  #16  
Old 11-11-2013, 10:24 AM
JUICE JUICE is offline
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Originally Posted by volsfan View Post
In valuation you are normally working on produces that are very old and boring. You have to do a lot of digging for old documentation, if it even exists.

I guess there are some advantages.
You have better job security and you are probably working with people that are more helpful and not fighting you on the rates to charge.
In companies attempting to outsource actuarial work, valuation roles have usually been the first to go...
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Now and then the fable of the donkey recurs to me. Weary of liberty, he suffered himself to be saddled and bridled, and was ridden to death for his pains.
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The thing about a JUICE troll is I'm not always sure if it's troll or serious. It's truly a thing of beauty. This thread is amazing, I honestly don't know if he means it or not.
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  #17  
Old 11-11-2013, 10:36 AM
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Sommelier Sommelier is offline
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I went from life valuation to life pricing earlier this year. It's probably somewhat company dependent, but for me, I really like pricing. Wouldn't go back to valuation unless it was an extraordinary offer.
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  #18  
Old 11-11-2013, 10:39 AM
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dukelampard dukelampard is offline
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I did life (Term) valuation for short while. It was pretty boring. Annuity valuation seemed much more fun.
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  #19  
Old 11-11-2013, 01:43 PM
volsfan volsfan is offline
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I guess I would change my opinion if it were variable annuities. There is a lot of new and interesting things going on with that line of business.
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  #20  
Old 11-11-2013, 01:55 PM
volsfan volsfan is offline
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Quote:
Originally Posted by success108 View Post
Thanks Volsfan.

What are you waiting on, data? And aren't things fairly well automated once you get started?

What do you do outside of crunch time? Is there any room for creativity? Strategic direction? Decision making?
Yes. There is a lot of automation but not to a point where you push a button and all of your numbers are done. Even if that was the case you would still have to use some actuarial judgment in setting reserves.

You have to spend a decent amount of time investigating why the reserves moved the way they did.

If your company is doing this every month, there is a lot less downtime. The last 2 companies that I've worked for have only quarter close which is nice.
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