Actuarial Services Graduate Programme 2021
Our purpose - to build trust in society and solve important problems - has never felt more relevant. We bring our purpose to life through our focus on our clients, our people and the communities in which we live and work to address current and future challenges. As one of the world’s leading professional services organisations, attracting the right talent continues to be paramount. Investing in our people is central to our mission and inclusive culture.
What we do in Actuarial Services
As one of the UK’s largest Actuarial practices we're market leaders providing insights and solutions for all businesses that face significant and complex risks. We play an important role in supporting clients through uncertain times. Actuaries analyse how future events could affect businesses and we calculate the impact these events could have on our clients. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake. You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen. Just as important, you’ll develop a flair for presenting your findings in simple, easy‑to‑understand language. What’s more, early client exposure will broaden your experience.
What you’ll do
In Actuarial Services you’ll work with clients from the insurance industry (both life and general insurance), but also from the banking sector (retail and investment), the healthcare sector, the public sector, as well as corporate clients from the non‑financial services sector like energy and utility providers.
Your advice could cover solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de‑risking, financial modelling, underwriting, new legislation, the viability of new products and the efficiency of claims or reporting processes.
What you’ll gain
During our five year programme, you’ll study with the Institute and Faculty of Actuaries. Once you’ve completed the exams, you’ll then be fully qualified and a Fellow of the Institute of Actuaries.
What you’ll need
You'll need to have or be on course for a 2.1 degree or above in any subject. We determine whether you're on course for a 2.1 based on the grades you achieved in your last completed year of academic study.
Although we do not look for any specific degree or A Level subjects, please note that the Institute and Faculty of Actuaries (IFoA) offers some guidance to those considering a career as an Actuary. The IFoA qualification syllabus is rigorous and the examinations are highly demanding, so they recommend applicants have a maths-based degree. If you do not have a maths-based degree, they recommend you take one of their non-member exams before starting your IFoA to prepare you for the IFoA qualification process.
When to apply
This role will be filled on a rolling/first come first served basis; so early applications are encouraged.
The below are the latest possible deadlines for the role. However, we may remove the position from our website, and stop taking applications, without notice and before these deadlines:
- The deadline for applications is Wednesday 21 July 2021
- The deadline for you to complete our online tests (Game Based Assessment and Video Interview) is Thursday 22 July 2021
- The deadline for you to attend your assessment day is Friday 30 July 2021
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