Applications for this job are now closed
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.
Business Area
Actuarial Services is part of our Risk business. The world of risk is changing. Today's business environment is different. More complex. More connected. More volatile. While this environment makes it much harder to predict where new risks will come from, we believe that it represents an opportunity for businesses to transform and innovate. We work with our clients to protect and strengthen every aspect of their business, from people to performance, systems to strategy and business plans to business resilience. Through our invaluable insights and independent assurance, we can help our clients to discover and unlock real value. We’re investing in growth and innovation. Our people are supported by the right tools and technology to strengthen our business and stay at the cutting-edge of new techniques. We nurture bold and dynamic behaviours to push the boundaries and be truly distinctive in the market.
Actuarial Services
Our Actuarial Services team sits within Risk Modelling Services, where 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.
Programme
Our Summer Internships offer high calibre students the opportunity to experience work and life at PwC, and gain a valuable insight into our business and culture. You’ll work alongside graduate trainees and experienced professionals on live and interesting client projects. You will be doing real work on real clients so be prepared to get stuck in.
Business areas
- Acturial Services
- Actuaries Reward and Employment
Acturial Services
Your advice could cover solvency, assessing liabilities (including providing assurance over the liabilities of our financial services audit clients), economic capital, risk management, mergers and acquisitions, company restructuring and de‑risking, financial modelling, stress and scenario testing, underwriting, new legislation, the viability of new products, Environmental, Social and Governance (ESG), and the efficiency of claims or reporting processes.
Actuaries Reward and Employment
As an Actuary in Reward and Employment, you’ll help companies work out how to incentivise and reward their employees. As part of a multidisciplinary team, you’ll draw on your problem-solving skills to advise clients in this complex and challenging area, using financial modelling and analytical techniques to develop reward structures that support business strategy, drive appropriate behaviours, and are acceptable to shareholders and employees alike.
What You’ll Gain
Discover what a career with us is all about, and boost your employability. You’ll find out first-hand if this is the career for you – do well, and you could be offered a graduate job. Working alongside specialists, you’ll work on client projects to give you the best insight into what we’re about. You’ll have the opportunity to build networks with your colleagues and peer group.
What you’ll need
You’ll need to be in your penultimate year of an undergraduate or postgraduate degree; or You’ll need to be in your final year of an undergraduate degree with a one year postgraduate place confirmed.
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: https://www.actuaries.org.uk/becoming-actuary/route-becoming-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 to prepare you for the IFoA
When To Apply
Although there is no application deadline, each year we have only a small number of roles available. We therefore advise applying early, but please be prepared for a short wait in processing your application at each stage of our process while we consider your application alongside others.
Diversity
Valuing Difference. Driving Inclusion
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements.
