For NOC 2161 Do I necessarily have to be FCIA/FSA in order to qualify?

[ryanchow]

I'm an actuarial science student and I will be graduating in June this year. Since I will start working in July 2015 as an actuarial analyst in one of the major insurance companies in Canada, I'm wondering to be able to qualify this job title, do I have to have an FCIA/FSA designation?

FYI: I've finished all 5 preliminary exams and hopefully I will receive my ASA/ACIA, which is the associate actuary designation in Dec,2015.
Thanks in advance


"Employment requirements

Mathematicians and statisticians usually require a graduate degree in mathematics or statistics.
Actuaries usually require post-secondary education in actuarial science, mathematics, statistics, economics, commerce or business administration.
Actuaries are conferred fellowships through the Canadian Institute of Actuaries upon successful completion of professional examinations
and
Three years of work experience in the actuarial field as an actuarial assistant or in a related position."

 

[Shefali1991]

Hi,
I am in the same situation. If you get the answer, please let me know as well.
Thanks!

 

[Ares0628]

Hi,
I am in the same situation too. Does anyone know if the FCIA/FSA designation is needed? In addition, is three years of work experience a must?
Thanks~~

"Employment requirements
Actuaries are conferred fellowships through the Canadian Institute of Actuaries upon successful completion of professional examinations
and Three years of work experience in the actuarial field as an actuarial assistant or in a related position."

 

[crescent_jam]

Hi,
I am in the same situation too. Does anyone know if the FCIA/FSA designation is needed? In addition, is three years of work experience a must?
Thanks~~

"Employment requirements
Actuaries are conferred fellowships through the Canadian Institute of Actuaries upon successful completion of professional examinations
and Three years of work experience in the actuarial field as an actuarial assistant or in a related position."

It depends - are you asking to determine if you qualify for this job in Canada, or to determine if you're eligible for Express Entry?

If you're asking because you want to know if you qualify for jobs, I can't speak definitively to this but I would assume that employers would be looking for persons who meet those employment requirements, and so you may have some difficulty, especially if your competition already meets the requirements.

However, if you're asking to determine if you're eligible for Express Entry under than NOC Code, Express Entry is only concerned with the work experience - so if you've been working for enough time in a job that fits under NOC Code 2161, you're eligible. Express Entry doesn't consider whether you meet the NOC Code's employment requirements; it only cares that you've been fulfilling the main job duties and responsibilities under the NOC Code for the specified requisite amount of time.