EY Actuarial

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Our Actuarial practice is part of the EMEIA Insurance Risk and Actuarial Services team. We have one of the largest actuarial teams in the world, with over 550 professional actuarial staff in the EMEIA region and 1100 globally. This large and dynamic team, coupled with fluidity between our four main service lines, provides our staff with great mobility across the globe and an ability to deliver multi-discipline solutions to our clients in different global locations.

As one of the leading consultancies in the UK we work with some of the largest financial services companies in the industry. Our market leading practice advises our clients on how to address complex, multidimensional financial challenges. We specialise in using sophisticated modelling techniques and financial analysis to provide insights as to how clients can improve their performance.

Working for EY provides the unique opportunity to work on a wide range of solutions to solve the issues encountered by our clients. This will enable you to develop a wide breadth of skills and competencies, with a many of these being focussed around the key actuarial processes and techniques. The nature of consultancy promises a fast paced and engaging career.

You will also have the opportunity to work with experienced actuaries involved in developing thought leadership on current issues within EY. We also have a number of actuaries actively participating in the IFoA Research Working Parties.

In the UK, you can choose to join one of three divisions: General Insurance, Life Insurance or Pensions.

What will I be doing?

From day one you'll be working on client assignments with a supportive and highly competent team. Working with diverse organisations you will use analysis and modelling techniques to achieve a thorough understanding of business and technical issues enabling you to provide constructive advice and support to clients.

As you advance you will take on more responsibility. Within two to three years, you can be handling your own clients and managing junior staff. Your armoury of skills will grow rapidly through numerous training events and client facing work.

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:

  • General Insurance (Property & Casualty/Non-Life)

Our General Insurance actuaries are involved in all aspects of actuarial work within our General Insurance clients. We offer innovative solutions to current problems such as analytic solutions for clients to get the most out of their data and the implementation of Solvency II, along with traditional services such as process reviews, claims reserving, pricing and capital modelling for advisory, due diligence, statutory or audit purposes.

  • Life Insurance

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.

  • Pensions

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.

The group you choose to apply to will also determine which office you can join:

  • Our General Insurance team is based in our London office;
  • Our Life Insurance team has sub-teams based in our London, Bristol and Edinburgh office;
  • Our Pensions team has sub-teams based in our London and Leeds office.

As a global company with specialist teams working all over Europe and the World there are plenty of opportunities to work abroad. Members of our UK practice have recently been seconded on a medium to long term basis to our offices in New York, Sydney, Cape Town, Singapore, Bermuda and Switzerland. Numerous client engagements also offer the opportunity to work abroad on a short to medium term basis.

What training and development will I receive in my first few years?

Your graduate experience will start with an intensive induction course to develop your core consulting skills and begin to build up the technical skills required for the day-to-day work we do. 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 consistently above the national average and we contribute full funding and study leave for all exams subject to the relevant policies.

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 to build your communication, management and people skills. Your commercial knowledge will also be kept up-to-date with regular training sessions such as the ‘Lunch & Learn’ market briefings.

EY place great importance on the development of our people and helping our team achieve their career aspirations. You will attend many training events allowing you to accelerate your development and be allocated a mentor who will guide you through your career enabling you to achieve your goals.

Entry requirements:

You are eligible to apply for this programme if you are studying for an honours degree and have a minimum of an A for Mathematics A level (Pure or Applied); or already have an honours degree and a minimum of an A for Mathematics A level (Pure or Applied).

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