What kinds of misconceptions are there about actuaries?


Sherry Chan (Chief Actuary for the City of New York)

Sherry Chan talks about how actuaries are perceived by the public and the kinds of misconceptions that are held about the profession. She explains that most people do not know what an actuary does and believe that it is primarily a desk job. Chan goes over some of the actual responsibilities of an actuary including communicating financial projections and information about retirement funds to executives and employees.


About Author

Sherry Chan

Chief Actuary for the City of New York

Chosen unanimously by New York City elected officials and union presidents in the Spring of 2015, Sherry Chan, FSA, EA, MAAA, FCA, is the 5th Chief Actuary in the 100+ year history of New York City and one of the highest ranked Asian-American officials in the City’s Administration. In her role, Ms. Chan provides technical expertise to the City’s five retirement systems and pension funds. Ms. Chan was selected as a 2019 Crain’s NY 40 Under 40, a 2018 Geoffrey Heywood Young Consulting Actuary Award recipient from the International Association of Consulting Actuaries, and a 2017 City & State 40 under 40 Rising Star of New York City.

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