The value of the CERA designation
Chartered Enterprise Risk Actuaries (CERAs) are the risk professionals best qualified to lead an organisation’s enterprise risk management (ERM) program:
- CERAs are trained through a rigorous multi year examination process to identify, measure and manage risks and opportunities within complex enterprises
- because CERA training does not stop with mathematics and quantitative finance, CERAs are equipped to develop models which reflect the real world and can inform strategic decisions
- CERAs make smart, confident decisions related to complex financial challenges affecting business by applying qualitative and quantitative insights to risk management
- CERAs add value to enterprise risk management through their rigorous training, making them the best equipped to provide a 360 degree view of an organisation’s risk profile
- as actuaries, CERAs are bound by a code of professional conduct to act with integrity, care and competence
Founded on the principles of actuarial science and the framework of ERM, the global CERA designation represents expertise, insight, creativity and integrity. To learn more about the global CERA designation, click on the link below to access the global CERA website.
Obtaining the designation CERA
Generally, to be awarded the CERA designation by the Institute of Actuaries of Australia, an individual needs to:
- (a) have met the Institute's requirements for using the designation "actuary";
- (b) complete the Institute of Actuaries of Australia’s Course 7A Enterprise Risk Management course, which consists of the ST9 (Enterprise risk management) exam run by the Institute and Faculty of Actuaries in the United Kingdom, and a compulsory 2 day ERM workshop. Those who completed the Institute’s 5-day Enterprise Risk Management CPD course are exempt from attending the 2 day ERM Workshop; and
- (c) download and complete the application form.
Applicants for the CERA designation should note that the Institute is required, under the terms of the Global Enterprise Risk Management Designation Recognition Treaty, to provide the CERA Global Association with 14 days’ written notice of the names of applicants for the CERA designation prior to the designation being awarded by the Institute.
There will also be an opportunity to be granted the CERA designation via the Leading Academics and Experienced Practitioner Pathway. More details regarding this process will be released as the arrangements are finalised.
For further information
For further information on the CERA designation you can contact us via:
T: +61 (0) 2 9233 3466