Comment by m00n

Some things that actuaries also do besides "memorizing formulas":

* Asset-Liability management, i.e. hedging of future claims on the financial markets [https://en.wikipedia.org/wiki/Asset_and_liability_management]

* Consulting multinationals and nations, how to structure their $bn pension schemes for future generations

* Valuation of embedded options and guarantees by stochastic modelling of the company [https://www.investopedia.com/terms/e/embeddedvalue.asp]

You can get a more balanced impression of topics, e.g. from the UK actuary society [https://www.actuaries.org.uk/studying/curriculum]

They also have past exams in full length incl. solutions.