Who We Are

Bruin Actuarial Society serves as the undergraduate student organization associated with the Actuarial Program at UCLA. Led by our board of officers, comprised of undergraduate students, we host events throughout the school year to develop our members academically, socially and professionally. We also maintain the Actuarial Program's connections with insurance and actuarial consulting firms and keep our members updated on internship and career opportunities.

BAS hosts the Actuarial Program's largest events of each year, including our Annual Career Fair in the fall, Actuarial Case Competition in the winter, and Spring Banquet. Our Career Fair is one of the largest in the nation, with over twenty firms attending annually. In addition, we host firm representatives for information sessions, resume workshops and mock interviews, professionalism workshops, and technical workshops to teach programming skills. 

Prospective students and firms interested in building connections with UCLA actuaries, always feel free to contact us at bruinactuaries@gmail.com

Getting Started

Are you a new freshman or first-year transfer student interested in a career as an actuary? Here's how to get started with Bruin Actuarial Society.

Bruin Actuarial Society

Summer Announcements

resume

We are now collecting resumes from our members for our 2018 Resume Book. This book will be presented to all firms attending the Eleventh Annual Bruin Actuarial Society Career Fair as well as to actuarial firms that request it for recruitment purposes.

All resumes must:

  • Be in PDF format
  • Be 1 page in length (be wary of blank second pages!)
  • Look neat (no excess white space, text neatly aligned, appropriate number of fonts / colors)
  • Be free of spelling and grammatical errors

Please be sure to indicate which actuarial exams you passed and the corresponding month that you passed each on the Google Form. Failure to adhere to these standards may result in your resume being excluded from the Resume Book without notice.

Submit your resume here by 12:00 PM on Saturday, September 29.

interviewing

In continuation of preparation for the career fair and recruiting season, we will be holding mock phone interviews sparsely over the next month. Each mock interview will last roughly half an hour (20 minutes interview, 10 minutes feedback), and will be conducted by 2 BAS officers. If you wish to have a mock interview but are not available at the listed times, please email us, and we will try to work something out for you.

Sign up for a time slot here.

resume

With the recent changes in the Department of Mathematics course offerings, exam structure in both the SOA and the CAS, and in the U.S. immigration structure, it has been evident that BAS's signature Actuarial Handbook needs updating. Thus, in an effort to provide accurate, up-to-date information pertinent to the actuarial career at UCLA, these publications have been updated over the summer to reflect this new information.
We hope these updates will be useful to all. If you have any questions about the content in the handbook, or if you spot any errors, please shoot us an email at bruinactuaries@gmail.com.

Check out our updated handbook here.

keyboard

It's never too early to start preparing for recruiting season! This summer, we will be starting our virtual resume critiques much earlier than in the past, to give everyone ample time to receive feedback on their resumes, revise, and resubmit for additional feedback. All BAS members (paid or unpaid) can now submit their resumes to have their resumes read and critiqued by a BAS officer. Please ensure that your resume has been proofread for spelling and grammatical mistakes. We hope we can be of assistance!

Submit a resume for critique here.

signpost

If you are seeking an actuarial internship next summer, we highly recommend that you study for and pass an actuarial exam this summer. Many employers prefer to see candidates that have passed (or intend to sit for) an exam, and summer is a great time to begin studying. There are many resources online to get you started. If you have any questions, you may always contact us via email at bruinactuaries@gmail.com.

Register for SOA/CAS Exam P/1 here.

Spring Quarter Events

hollywood hills

As the school year winds down, we would like to congratulate the Class of 2018! We wish you the best of luck in all of your future endeavors!

We will continue to use email as our main method of communication with people interested in our events. We will have a new mailing list for the 2018-19 school year. If you would like to continue receiving emails from BAS, please fill out the form here. For those who do not fill out the form, you will no longer receive emails from us.

We would also like to ask those of you who are graduating to fill out this survey.

As a reminder, being on our mailing list is not equivalent to being a paid member. To become a paid member, please come out to our Fall Quarter events!

Thank you to all of you who made this a great year, and good luck on finals!

Sign up for our mailing list here.

actuary

BAS will be hosting a new event, "Introduction to the Actuarial Career," on Thursday, May 24th. This event, as the name suggests, is geared towards students, both members and non-members of BAS, who are considering but unsure of a career as an actuary. We hope you can forward this information to any friends you have who fall into that category of students. The event will cover topics such as:

  • What is an actuary, and what do they do?
  • What do actuarial students learn (in classes and elsewhere) to prepare them for this career?
  • Why become an actuary?

Location: CS 76
Date: Thu., March 24th, 2018
Time: 6:00 PM - 7:30
Dress Code: Casual
RSVP Here
You can now find the slideshow here

tulips

We are excited to announce that our 2018 Spring Banquet will be on Monday, May 7th, 2018 in Carnesale Commons Palisades Room at 6:00 PM, and you're invited! The registration deadline is April 22nd. Please see below for more information.

What is Spring Banquet?

Spring Banquet is a grand dinner and networking event that BAS hosts every Spring Quarter. Each year, over 75 BAS members and 30 representatives of actuarial firms, many of them UCLA alumni, come together for this special event to celebrate the accomplishments the Actuarial Program has made to-date. We will be joined by our actuarial professors and members of the Actuarial Advisory Council, chaired by Mrs. Patty Boyle.

A multiple-course dinner will be served, followed by open networking time over dessert. We can safely say that this is one of the largest gatherings of actuarial talent and students in the region and so a great opportunity for you to get to know more people in a setting more relaxed than a Career Fair.

Freshmen, even those who haven't been heavily involved in BAS events during their first year, are strongly encouraged to attend! This banquet will give you a feel of interacting with professionals before heavy recruitment in the fall.

Register for the Event

This is a two-step process:

  • Pay for Spring Banquet. Paid BAS members will pay $10, and unpaid members will pay $25. You may pay (1) by cash at next week's BAS office hours, (2) by Venmo @bruinactuarialsociety, or (3) by PayPal: here for paid members and here for unpaid members.
  • Fill out this RSVP form by Sunday, April 22nd.
Office Hours

Next week, BAS officers will be hosting office hours in MS 2354 at the following times:

  • Monday, April 16 from 9:00 AM to 11:00 AM
  • Tuesday, April 17 from 11:00 AM to 1:00 PM and from 2:00 PM to 4:00 PM
  • Wednesday, April 18 from Noon to 4:00 PM
  • You are free to come pay for Banquet in cash during these times. You can also come with any questions you have or resumes for us to review.

Location: Carnesale Commons Palisades Room
Date: Mon., May 7th, 2018
Check-in Time: 5:45 PM to 6:00 PM
Event Time: 6:00 PM to 8:30 PM
Dress Code: Business Professional
Registration Deadline: Sunday, April 22nd

barbecue

BAS and UMSA are jointly hosting a Spring Barbecue Social on Sunday, April 22nd at 5:30 PM at Sunset Rec. We will have good food, math riddles relay race, and the winning group will receive boba gift cards! Feel free to bring some friends and chill to start off an amazing week!

Location: Sunset Rec
Date: Sun., April 22nd, 2018
Time: 5:30 PM - 8:00 PM
Dress Code: Casual
RSVP Here

a staircase

We're ecstatic to kick off Spring Quarter with another workshop on actuarial techniques in Health Insurance, this time in Reserving. The workshop will be presented by Adam Hudes, a Kaiser Permanente colleague of Lorenz Glaza, who hosted Workshop I: Pricing back in Fall Quarter, and also a UCLA alumnus. The event will be in MS 6627 from 6:30 PM to 7:30 PM on Thursday, April 12th (Week 2).

Like Workshop I, next week's Workshop II will aim to connect the mathematical principles we learn in class to real-life work, namely reserving for and forecasting future health insurance claims. Topics include:

  • Reserving for outside (non-Kaiser) medical expenses IBNR (incurred but not reported) using trend forecasting and linear regression
  • ACA (Affordable Care Act) Risk Adjustment Valuation using sensitivity and multivariable testing
  • Reserving for disputed claims (litigation costs) using interest calculations and probability
  • Margin studies on provisions for adverse deviations using confidence intervals

Location: MS 6627
Date: Thu., April 12th, 2018
Time: 6:30 PM - 7:30 PM
Dress Code: Casual
RSVP Here
You can now find the slideshow here

Winter Quarter Events

cars parked in a parking lot

Our last event of Winter Quarter is coming up, and this one is bound to be an exciting one. On Tuesday, March 6th at 6:00 PM in MS 6627, we will have Anthony Ip and Ziruo Wang, ACAS of the Casualty Actuarial Society share an insider’s look at the journey from classroom to career in a profession consistently touted by national media as the career of choice because of its robust employment and career growth opportunities, lucrative salaries, challenging work and rewarding experiences.

They will cover the following topics:

  • A brief intro to what an actuary does and the actuarial field
  • Exploring opportunities in the Property & Casualty field
  • Examples of types of career paths and your role in each one
  • Exam path in the CAS

Anthony and Ziruo are practicing actuaries and UCLA alumni. They will be available for any questions you have, as well. Please join us for what they have termed "Actuarial Bros Ip and Wang Presents: The World's Largest Grandest Best Actuarial Society." There will be food.

Location: MS 6627
Date: Tue., March 6th, 2018
Time: 6:00 PM - 7:30 PM
Dress Code: Casual
RSVP Here
You can now find the slideshow here

darts on a dartboard

Two Dinners With An Actuary are coming up soon! For those who are not familiar with this series of events, Dinner with an Actuary gives a group of BAS members the opportunity to have a casual dinner in Westwood with a professional actuary and learn more about the career path from someone who has traveled it. We ask members attending dinner to contribute a flat $5 for their meal. Please dress smart-casual to business-casual.

Please fill out this form to be considered for either Dinner detailed below. We will pick four members for dinner with OW and up to six for dinner with AIG.

Oliver Wyman
On Thursday, March 8th, Dinner with an Actuary will feature a P&C consulting actuary and UCLA alumnus from Oliver Wyman. The dinner will be in the evening (TBD but after 6:30 PM) in Westwood.

AIG
On Sunday, March 11th, Dinner with an Actuary will feature a team of three actuaries from AIG. Dinner will be at BJ's in Westwood at 6:30 PM.

Locations, Dates, and Times: See left.
Dress Code: Smart-casual to business casual
RSVP Here

starting line on a race track

This Thursday, March 1st, we are co-hosting our annual Casino Night with the Undergraduate Mathematics Students Association! The event will start at 6:30 PM in the SMC (MS 3974). Food and beverages will be provided, and chips will be distributed to members to play poker, roulette, and blackjack. The three players with the most chips by the end of the night will receive UCLA Store gift cards worth $50, $25, and $15, respectively. Come de-stress from midterms and try your luck!

Location: SMC (MS 3974)
Date: Thu., March 1st, 2018
Time: 6:30 PM - 8:30 PM
Dress Code: Casual
RSVP Here

a globe

Bruin Actuarial Society is pleased to announce that we are looking for individuals to join the officer team for the 2018-2019 school year. New officers will be selected in Spring Quarter from a pool of interns. Please read below for details regarding the internship and officer positions.

Overview
Interns will join the current officer team in planning events and activities as well as learning how BAS is operated internally. In May, two outstanding interns will be chosen to become officers for 2018-2019.

Benefits
As a BAS Intern, you will:

  • Enhance your leadership and interpersonal skills
  • Improve your people-management, time-management, delegation and organizational skills
  • Gain valuable experience planning and coordinating events
As a BAS officer, you will:
  • Network with employers and alumni
  • Help guide the direction of BAS
  • Expand your knowledge of actuarial science with real-world applications

Requirements

  • Must be a paid member of BAS
  • Must be proactive and passionate about improving the club
  • Must be comfortable with public speaking and leading events
  • MUST be a sophomore or freshman graduating in June 2020 or later

Position and Descriptions
The two interns that are selected to become officers will become Corporate Liaisons. Corporate Liaisons will:

  • Maintain communication with firm contacts
  • Expand the roster of professional contacts
  • Assist in planning and coordinating BAS events

Process
Please fill out the application here. The application is due Friday, March 2 at noon. No late submissions will be accepted. We will contact selected applicants to interview after the application deadline. Don't miss out on this great opportunity to get involved with BAS. We look forward to reading your applications!

Due Date: Fri., March 2nd, 2018

a computer keyboard

California Actuarial League (CAL) at UC Berkeley will be holding its Ninth Annual Case Competition in the upcoming months. Information about the event provided by CAL is as follows:

Here are some important dates to remember:

  • Case Competition Kickoff: Tuesday, February 13th
  • Case Package Release: Friday, February 16th
  • Report Submission Deadline: Saturday, March 10th — 9 PM (Saturday, Week 9, Winter Quarter)
  • Final Presentation: Sunday, April 15th — 9:30 AM – 3 PM (Sunday, Week 3, Spring Quarter)

As a heads up, we have decided to change the requirements of the deliverables this year. In addition to a seven-page report and Excel work files, we will require a one-page explanation of your work files.

A Piazza forum is now open for any questions you may have. You must register for the forum here.

We would also like to remind you that the guideline for team formations is a maximum of two upperclassmen in each team of four. Please submit this form, one for each team, by Friday, February 16th 11:59 PM if you are interested in competing!

We will release our Kickoff slides and logistics on the night of the 13th on our Piazza form. Our finals will take place at the UC Berkeley campus.

We will be sending out more information in the next few weeks, and we look forward to your participation. As always, please reach out to us if you have any questions.

For those interested in forming a team, you may leave your contact info here. Please note that this is not a BAS event, so we will not be organizing the formation of teams. Therefore, it is your responsibility to actively reach out to each other to form a team. After registering through CAL's link, each team MUST fill out this form as well.

CAL has graciously planned the competition around our Winter Quarter finals, so this would be a great opportunity for anyone seeking to further develop a multitude of actuarial skills. BAS and UCLA Math will cover all costs for teams of paid BAS members who are selected to present in the final presentation at Berkeley. Please direct questions about the competition to calactuarialcasecomp@gmail.com.

Registration Forms: Both forms here and here.
Deadline: Fri., February 16th, 2018

starting line on a race track

We will be hosting our annual LinkedIn Workshop on Thursday, February 15th! Come and join us from 6:00 to 7:00 PM in MS 6627 to learn more about this important social media site for professionals. We'll walk through the steps of creating a profile that will stand out to recruiters, as well as the numerous other features of the platform.

Location: MS 6627
Date: Thu., February 15th, 2018
Time: 6:00 PM - 7:00 PM
Dress Code: Casual
RSVP Here

a spreadsheet with charts and graphs

The Intermediate and Advanced Excel Workshops will be on Thursday, February 1st and Thursday, February 8th, respectively, in MS 6627. We will build on the material taught at last quarter's Excel Workshop I and hopefully leave you with the skills necessary to enter an actuarial internship or entry-level position.

The Intermediate Excel Workshop will focus on advanced formulas and functions:

  • Text manipulation, including CONCAT, LEFT, RIGHT, FIND, LEN, and Text-to-Columns
  • INDEX and MATCH, and how to combine them to generate a more powerful VLOOKUP
  • OFFSET
  • GoalSeek
  • Installing and using Solver

The Advanced Excel Workshop will focus on programming macros in the VBA language:

  • Basic VBA, including object hierarchy, properties & methods, and variables
  • Using the macro recorder
  • Using MsgBoxes and OnLoad
  • Programming reactions and buttons
  • Using arrays

This workshop will assume proficiency in and build heavily upon key basic Excel concepts, including relative and absolute cell references, VLOOKUP, and PivotTables. If you are uncertain of your proficiency, we strongly recommend that you review the resources from that event on our website.

Please RSVP and complete the quiz here if you plan on attending.

Location : MS 6627
Workshop II : Thu., February 1st, 2018
Workshop III : Thu., February 8th, 2018
Time : 6:00 PM - 7:45 PM
Dress Code : Casual
RSVP Here
Workshop II Downloads: Slides/Workbook/Solutions
Workshop III Downloads: Slides/Workbook

a microphone

A big round of applause for all teams that participated in this year's case competition! We hope that everyone, regardless of whether they make it to the Final Round, had a valuable experience working together as a team and learning a bit more about what an actuary does on the job.

We would like to invite all teams and BAS members to attend the Final Round tomorrow evening (Jan. 17th), starting at 6:00 PM. We will have two teams from UCLA, as well as teams and guests from UC Berkeley, UC Santa Barbara, and UC Irvine. Come support your fellow Bruins and learn from all teams' excellent work. Two dozen firm representatives will also be in attendance with retirement actuaries serving as judges. After the winner is announced, you will have the opportunity to network with firm representatives as well as our fellow UC student actuaries.

No need to sign up, but please do dress business casual.

Final Round
 Location: Bruin Reception Room @ Ackerman
 Date: Wed., Jan. 17th, 2018
 Time: 6:00 PM - 9:00 PM

a highway through the desert

We are pleased to announce that our Sixth Annual Bruin Actuarial Society Case Competition, provided by our friends at Aon, will take place during the first two weeks of Winter Quarter.The Competition begins with Kickoff Meeting, which will take place on Tuesday, January 9th at 6:00 PM in MS 6627.

At the meeting, we will have a short presentation covering topics that include the following:

  • Rules
  • Logistics for the First & Final Rounds
  • Tips for designing good PowerPoint slides
  • Tips for presenting your case

We will then have a couple of guest speakers from last year's case competition discuss the value of participating, followed by Q&A and team sign-ups. Teams will also sign up for a time slot to present during the First Round on the evening of Jan. 16th.

If you do not yet have a team of four, including at least two underclassmen, you can gather with others at the end of the event to form groups and sign up. In past years, we've been able to find a team for everyone at the end of Kickoff Meeting.

No RSVP for Kickoff Meeting will be necessary. At least one member from your team must be present to sign-up. However, we imagine that the information will be valuable to everyone, so we recommend attending if possible. The case will be emailed out shortly thereafter.

Kickoff Meeting
 Location: MS 6627
 Date: Tue., Jan. 9th, 2018
 Time: 6:00 PM - 7:30 PM

Contact BAS: Email us at bruinactuaries@gmail.com

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