Any idea on whether valuation of pension liabilities is acceptable work exp towards obtaining the charter? Thanks
batterinram Wrote: ------------------------------------------------------- > Any idea on whether valuation of pension > liabilities is acceptable work exp towards > obtaining the charter? > > Thanks probably not but check on the CFA website I know that a number of L2 people will be jealous of your job though 
Just spent 5 months as an actuarial pension consultant and yes it did help me in L2
I have about a year and a half of that experience. My takeaway from the work experience requirements is that it doesn’t count. I mean, why would they give you work experience when you’re just sitting there shooting yourself in the kneecaps from boredom. Actually if you work with assets at all or consult on investment policy/ALM you might give it a shot. But if it’s just straight val work, no way.
this is my understanding…it used to under the old rules (when you needed 3 years of experience), but not anymore. you could still get your charter under the old rules if you passed level 1 and were a member prior to 1/1/2004 or 5 or something (not sure of the date?)
Guys guess what? My pension experience got accepted
batterinram Wrote: ------------------------------------------------------- > Any idea on whether valuation of pension > liabilities is acceptable work exp towards > obtaining the charter? > > Thanks Yes it does. I have two years of actuarial (DB valuation) work. I believe they consider any type of “actuary” as part of the required experience.
Hi batterinram and adalfu, I am also an Actuarial Analyst (3 actuarial exams) and just found out I passed the Level 1 CFA exam. I only have about a year experience out of college in retirement, mainly doing pension valuation/FAS work but also have done forecasting, ALM studies, plan design projects, and withdrawal liability. If you don’t mind, can you tell me how you described your work experience so that it was accepted? I read in another post that people have not been getting their DB val work experience accepted, which is why I’m curious as to how you both worded yours or what other experience in pensions/retirement you both have. Thanks!
didnt count in my case.
what was your wording, so that I avoid using it? haha and do you plan on resubmitting it with a different wording?
i alread have my charter due to my other investment experience but they gave me 0 months for my pension actuarial work.
oh okay, thanks for the info. hopefully the other 2 posters respond to my inquiry! =)
i should add that since i had other investment experience i didnt try to fight their verdict on my actuarial experience. someone here or on some other forum suggested that one should contact the SOA if CFA declines their actuarial experience. you might want to fight it and see where it gets ya!
I recently came across a small article on the SOA site actually that was sort of this disclaimer indicating that the CFA Institute no longer accepts just “Actuary” as acceptable work experience. Warning us that the job description had to meet certain guidelines. So the SOA is at least aware… I can certainly see the CFA Institute’s standpoint on the matter though. There is still work in retirement/pensions besides valuations and disclosures that seems like it would be approved under their guidelines, so its not a totally lost cause… hopefully… hahaha
dude why do you end all your posts with …hahahaha
because im not a dude, just a giggley female. teehee.
IheartMath Wrote: ------------------------------------------------------- > because im not a dude, just a giggley female. > > > teehee. oh well alright then…hahahaha
funny i really wish i could write my favorite phrase right now - but you’ve made me feel bad about it.
dont feel bad. i end up all my sentences with a snort but dont know how to type that sound…khonkhonkhon
hahahaha, gee thanks.