Actuarial consulting is a field that demands analytical precision and strategic insight. While it can be incredibly rewarding, the actuarial field often presents unique challenges for women. As I’ve grown professionally, I have been surrounded by mostly male colleagues (for example, there was a time when I was the only female actuary in Pinnacle’s Chicago office). And with few women in senior roles across the industry, it can be difficult to picture yourself in a leadership role.

Increasingly, society has become aware of a confidence gap between men and women, with women often underestimating their abilities. Building confidence has been a personal struggle for me, but it has also been an area where I’ve dedicated significant effort. One of the more effective ways I’ve found to bolster my confidence is by connecting with peers. Having a strong support system – including the camaraderie and encouragement from my female colleagues in particular – has been invaluable. Knowing I can reach out to them for advice and reassurance has made a real difference.

I’ve also found knowledge to be a powerful confidence booster. Conducting thorough research and delving deeply into issues enhances my understanding and assures me of my capabilities. When preparing for presentations, I have found that over-practicing and being thoroughly prepared can help alleviate anxiety and foster success.  

One pivotal moment early in my career solidified my belief in the power of preparation. I was an analyst on a client call, tasked with explaining an issue more complex than a simple incorrect data input. I was the only representative from my firm, and my nervousness was overwhelming.

However, I was prepared. And because I had done my preparation work, I trusted my ability to handle the new challenge. I explained what I was seeing and provided the reasoning for my suggested change, and collectively, we were able to agree on a path forward. Not only did the client gain a clearer understanding of their financial position, but this also led to a strong working relationship and strengthened my confidence in my own expertise.

Being a woman in actuarial consulting comes with its own set of challenges, but it also presents an opportunity to redefine norms and pave the way for future generations. From my own experience, I have learned that confidence is a journey, not a destination. By recognizing your worth, building a support system and continually investing in your growth, you can thrive – and inspire others to do the same.