• Full Time
  • Anywhere

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Actuarial Services

Management Level

Associate

Job Description & Summary

Line of Service
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. 

RMS (Risk Modelling Services) is part of our Actuarial business. 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 event 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. 

Business area
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.

What you’ll do
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.

Graduate programme
Our graduate training programme is underpinned by a development framework that broadens and deepens your knowledge. You’ll learn from hands-on coaching and an outstanding variety of work, picking up business, personal and technical skills you can use across the network, and throughout your career.

What you’ll gain
A blend of commercial, technical, financial and data experiences working with iconic clients across industry sectors and countries
Structured technical training in a suite of data analytics/visualisation tools (e.g. Alteryx, Tableau, Power BI, Qlikview), coding platforms (e.g. R and Python) and structured finance training (where relevant)
A broad base of analytical skills spanning data science, visualisation and financial modelling
Communication skills and business acumen through interaction with and presentation to a wide range of stakeholders at the client, including CFOs, and CEOs
Opportunity to develop project management and interpersonal skills, allowing you to build collaborative working relationships at all levels.

You will be engaging directly with senior members of our clients, solving their business problems and helping them generate value whilst working alongside leading professionals in fields such as Big Data, Predictive Analytics, Machine Learning and Data Visualisation.

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: 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 qualification process.

When to apply

  • Application deadline: 03 November 2021
  • Behavioral Based Assessment (BBA) deadline: 04 November 2021
  • Video interview deadline: 22 November 2021
  • Assessment Centre (Career Focus Day or CFD) dates: 15, 16 and 17 December 2021
  • For all Actuarial Services roles as part of the final stage you will also attend a senior interview with the business. More information on this will be provided by your local recruiter.
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