Marcello Negro is a Finity Analyst who was part of the 2013 Finity Graduate Program. Here he tells us a little bit about his experience so far.
What is the greatest thing about your job? ... Yep, I’m going to answer like everyone else does, with – ‘the people!’ #cliche. I know, I know, you hear this every time you ask someone this question, but it really is true.Marcello
Why did you choose general insurance consulting?
Having had some work experience in superannuation and investments/corporate finance as well as General Insurance, I found a few aspects of GI more appealing. There is definitely more of a focus on technical skills in GI, which I was instantly drawn to #MathNerd. Also, the GI industry is relatively younger than say the life insurance or superannuation industries, so I felt that not only would it be easier to get a job in a growing industry, but there would be more interesting stuff going on. Finally probably the overriding reason why I chose GI was the people. I had met a few people that worked in GI at industry events (like the ASS Contact Night!) and really liked what they had to say.
Overall my decision to choose GI consulting was a fairly personal one based on my then limited understanding of what a GI actuary did, but I chose what I like and the decision turned out to be a good one. So if you are having trouble deciding what industry to apply for job in, find out as much as you can my talking to people that work in that industry and go with your gut!
What types of work have you been involved in so far?
I’d say my time is split between reserving (70%), pricing (10%) and data analytics (20%). Almost all of what I do involves Excel, and like any relationship it has its ups and downs, but ultimately #ExceIisUrFriend. I’ve been lucky so far insomuch as what work I have been able to choose. There was an analytics project that seemed interesting that was being done in my office, I showed some interest in it and soon I end up being asked if I wanted to help out!
What is the greatest thing about your job?
Yep, I’m going to answer like everyone else does, with – ‘the people!’ #cliche. I know, I know, you hear this every time you ask someone this question, but it really is true. While all the cool maths and models are definitely a draw card you could probably get that at any actuarial workplace. It’s the people however that make a workplace unique and interesting.
As a graduate, what is the best piece of advice you have received so far?
In my first week of work my manager said to me, ‘Make as many mistakes as you can in the first few weeks’. Obviously I thought this was silly advice and completely disregarded it. I wish I hadn’t. Mistakes are the best way to learn, and when you’re just starting work you’re going to make a few. Yes, you may be embarrassed when you first make them, but you’ll definitely remember them and won’t make them again the next time.