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Actuarial Concepts Applied Using Technical Skills: The Infinite Actuary's Technical Skills Course (TSC) Syllabus

The document outlines the technical skills covered in The Infinite Actuary's Technical Skills Course, including using functions in Excel, building models in Excel and performing analysis in SAS, SQL, R and Access.

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Adam
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206 views

Actuarial Concepts Applied Using Technical Skills: The Infinite Actuary's Technical Skills Course (TSC) Syllabus

The document outlines the technical skills covered in The Infinite Actuary's Technical Skills Course, including using functions in Excel, building models in Excel and performing analysis in SAS, SQL, R and Access.

Uploaded by

Adam
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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The Infinite Actuary’s Technical Skills Course (TSC) Syllabus

After completing the Technical Skills Course, you should be able to perform the following:

Actuarial Concepts applied using technical skills


✓ Use lookup functions against Pricing tables
✓ Hit a Target Loss Ratio with GOALSEEK
✓ Perform Data Analysis with Excel Pivot Tables, Access queries, SQL queries,
and SAS queries
✓ Apply Conditional Tail Expectation with SQL in application to real earthquake
data
✓ Develop an Inversion Simulation routine with Excel VBA to analyze spread of risk
✓ Predict survival using regression models within SAS
✓ Build a financial model in Excel and perform sensitivity analysis using data tables

Excel
✓ Perform data analysis with basic functions and conditional functions
✓ Perform data analysis with Pivot Tables
✓ Communicate key results with charts
✓ Learn to quickly look up values from a table
✓ Learn forecasting techniques with Goal seek and Solver
✓ Ability to use Fixed Cells and Named Ranges
✓ Learn to look up values efficiently with INDEXMATCH
✓ Create dynamic charts that get updated automatically when new values are
entered
✓ Summarize totals from numerous tabs onto one single tab
✓ Calculate weighted averages
✓ Learn to parse data and store data into meaningful tables
✓ Apply logical functions to make decisions based on your data
✓ Learn to control user inputs and how to handle VLOOKUP errors
✓ Visualize patterns in your data fast with Conditional Formatting
✓ Make your data easily scrollable and learn how to audit complicated formulas

© The Infinite Actuary, LLC www.theinfiniteactuary.com/skills


The Infinite Actuary’s Technical Skills Course (TSC) Syllabus

Excel VBA
✓ Learn how to setup your workbook to enable VBA
✓ Record a macro using the Macro Recorder
✓ Program your own code to create your own routines
✓ Declare variables and learn how to assign values to a specific cell
✓ Learn how to use normal Excel Functions within your VBA code
✓ Using IF THEN ELSE within VBA
✓ Write a loop to perform simulations
✓ Debug your VBA code when it is not working correctly
✓ Writing your own Function and using it with Excel
✓ Engage the user with Buttons, MsgBox, and InputBox
✓ Turn off Screen Updating
✓ Apply best practices for coding including commenting and indenting

MS Access

✓ Import tables into MS Access


✓ View tables and look at the metadata
✓ Learn to filter a table to create a new table
✓ Create queries and run those queries
✓ Group data to find the sum, count, average, max, and min of a dataset
✓ Use a query to group data and filter using the WHERE clause to calculate
conditional sums, averages, counts
✓ Merge tables with left, right, and inner joins
✓ Run a pivot table in Excel where the data lives in MS Access
✓ Use query criteria wildcards such as LIKE, IS NULL, *
✓ Create Pivot Charts views off query results

© The Infinite Actuary, LLC www.theinfiniteactuary.com/skills


The Infinite Actuary’s Technical Skills Course (TSC) Syllabus

SQL
✓ Learn about Select * and selecting other fields from a table
✓ Learn how to create a brand new table from a query
✓ Learn how to update values within a SQL query
✓ Learn to insert and delete rows from a SQL query
✓ Learn to perform a GROUP BY in SQL to get at sums, averages, and counts
✓ Learn to use the WHERE in SQL to get a conditional sums, averages, and
counts
✓ Learn about ORDER BY to sort your data within a SQL query
✓ Learn about how to perform JOINS
✓ Utilize SQL in conjunction with MS Access databases
✓ Learn how to perform SQL within Microsoft Excel using Microsoft Query+

SAS
✓ Uploading your data into SAS
✓ Filter and sort your data
✓ Create new variables for analysis
✓ Add comments to your SAS code to make it more readable
✓ Using print commands to view your data
✓ Analyze your data using contents, frequency, and correlations
✓ Summarize your data using PROC Reports and Summary Statistics
✓ Learn to reorder your dataset
✓ Perform merges in SAS including left, right, and inner joins
✓ Learn to use SQL within SAS for code efficiency

© The Infinite Actuary, LLC www.theinfiniteactuary.com/skills


The Infinite Actuary’s Technical Skills Course (TSC) Syllabus

R
✓ Gain foundational knowledge in R to prepare for the SOA/CAS preliminary
exams
✓ Run scripts in base R and R Studio
✓ Make distinctions between the various data types in R
✓ Perform various vector operations
✓ Create matrices to perform financial analysis
✓ Load data into R using data frames
✓ Visualize your data using GGPLOT2
✓ Create predictive models in R

© The Infinite Actuary, LLC www.theinfiniteactuary.com/skills

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