Tom Terry, who leads an actuarial firm in Chicago, reflects on the value of professionalism that has served him in his over 40 year-long-career.
Professionalism is a key element of our culture. To some degree, it’s about doing things “right”- but it goes way beyond that. Professionalism connects us with 20,000+ other actuaries in the U.S. that are all orienting themselves along the same professional principles.
Something that has always stayed with me was the look of satisfaction on the face of a colleague when she returned from a client meeting several years ago.
Related to a pension cost calculation, her client was encouraging use of an assumption that my colleague deemed not reasonable. The client’s perspective changed pretty quickly when my colleague reminded him of her professional responsibility to communicate a “deviation” from the requirements of professional practice standards (ASOP 41 on actuarial communications had just been issued). My colleague remarked, “I had no idea how helpful those practice standards can be!”
"My colleague remarked, 'I had no idea how helpful those practice standards can be!'"
Valuable Contributions to Actuarial Professionalism
The Academy provides a steady drumbeat of various professionalism reminders that serve to keep relevant topics front of mind.
Take full advantage of the Academy offerings – and then talk about thoughts and reactions among peers. It’s not about memorizing “dos and don’ts,” it’s about developing and maintaining a culture of awareness.
Founder and CEO
The Terry Group