Mr Smith is a member of the Institute Council and a director of actuarial consulting and analytics firm Taylor Fry, and is replacing former president John Newman.
Ms Pearson is currently councillor of the Actuaries Institute and a managing director of Finity. She will become institute president in 2015.
Mr Smartt is currently a member of the council of the Actuaries Institute.
They will work with incoming institute chief executive David Bell to promote the institute’s main policy priorities for 2014, reinforce the actuarial brand and educate businesses and government about the value of actuaries in meeting a broad range of challenges.
“The institute’s key policy priorities for 2014 include ensuring the profession’s voice is heard on the critical issues being considered by the Financial Services Inquiry, offering practical solutions to better manage the social and economic impacts of natural disasters and health funding, as well as continuing to help navigate Australia’s longevity debate,” Mr Smith said.
He said the institute will also address the shift of actuaries into non-traditional areas such banking, data analytics, media strategy, natural resources and public health with education and development programs.