Our Actuarial practice is part of our EMEIA Financial Services business. Actuarial professionals advise businesses on how to address complex, multidimensional financial challenges. We make recommendations about what provision organisations need in order to meet regulatory requirements. We specialise in using sophisticated modelling techniques and financial analysis to provide insights as to how clients can improve their performance. Our European team is one of the largest actuarial teams in the world, with over 430 professional actuarial staff. In the UK, you can choose to join one of three divisions: General Insurance, Life Insurance or Pensions.
What will my day be like in Actuarial?
From day one you'll be working on client assignments with a team of qualified and part-qualified actuaries. Working with diverse organisations you’ll use analysis and modelling techniques to achieve a thorough understanding of business and technical issues. The specialist knowledge you acquire will enable you to provide constructive advice and support to clients. The type of work you do will depend on the group you join.
Our Three Actuarial Divisions:
You have the opportunity to join one of the following three divisions:
Our General Insurance actuaries are involved in all aspects of non-life insurance actuarial work. We offer innovative solutions to current problems such as the implementation of Solvency II along with traditional services such as reserving, capital modelling and due diligence.
Our Life Insurance actuaries carry out consulting work in various contexts, including those of mergers and acquisitions, financial reporting, risk management, specialist projects and auditing major life insurers. The work is continually evolving, driven by regulatory change together with consolidation and globalisation in the life insurance industry.
Our Pensions actuaries offer three main services to clients: assisting on mergers and acquisitions; servicing CFOs' and finance directors' pensions advisory requirements; and assisting on audits and the reporting of defined-benefit pension schemes.
What training and development will I receive in my first few years?
You’ll start with an intensive induction course to develop your core consulting skills. Upon joining the Actuarial team you'll begin to study for the rigorous and renowned actuarial professional exams, governed by the Institute and Faculty of Actuaries. Our pass-rates are significantly above the national average and we contribute full funding and study leave for all exams. We also provide regular role specific training in the latest actuarial techniques, keeping you abreast of the most recent industry developments.
Your personal skills are just as important as your technical know-how, so as part of your growth you'll participate in an array of training courses. Your commercial knowledge will also be kept up-to-date with regular training sessions such as the ‘Lunch & Learn’ market briefings.
What opportunities will Actuarial open up?
As you advance you’ll take on more responsibility. Within two to three years, you can be handling your own clients and managing junior staff. You’ll also obtain an armoury of skills, including:
Outside your client work there is potential to get involved in research & development, sales, training, marketing and recruitment. As our international work grows in importance there are increasingly openings abroad; recently people have been seconded to New York, Sydney, Singapore, Bermuda and Switzerland.
What are my options when I apply?
The group you choose to apply to will also determine which office you can join:
Please note: in exceptional circumstances we will accept applications from candidates who do not meet our academic requirements. If this is your case, you will need to provide strong justification for why we should consider your application. You will also need to provide documentary evidence of any mitigating circumstances.
The above entry requirements are not applicable for our Schools Programmes.