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www.actuaries.org.uk/become-actuary
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CONTENTS
About
Introduction
Contents
2
3
esure
Just.
Legal & General Group Plc
LV=
33
34
35
36
What’s next 5
NFU Mutual 37
Actuaries and analysts are the people who assess the financial impact of risk and 6
Starting your career Pacific Life Re 38
create models to show how the future could be impacted by them. You’ll be thinking
Who needs an actuary? 9 Zurich 39
about the big issues: climate change, population growth, new technologies and AI. If
it sounds impressive, exciting, meaningful and challenging – it’s because it really is. Employer Listings 12 Graduate Public Sector 40
MORE
APR
16 SCHOOL LEAVER 66
Barnett Waddingham
EY 17 68
Be one of us
First Actuarial 18
Where you’ll be 69
Grant Thornton 19
20 Employer Listings & Case Studies 70
OPPORTUNITIES
Hymans Robertson
KPMG 21 Aon 70
LCP 22 APR 72
Demand is high, and growing fast, for top notch actuarial professionals. You could Milliman 23 Willis Towers Watson 74
work in all kinds of sectors – from banking and insurance to government and Redington 24
Quality Assurance Scheme 78
emerging technologies. And you could be doing it from just about anywhere in the River and Mercantile Group 25
world. See who you could be working for in the following pages. Willis Towers Watson 26
XPS 27
MORE
Graduate Insurance 28
Aon 30
APR 31
Canada Life 32
REWARDS
Please note that this is a paid for document. The list of employers
Ask any of the employers featured in this directory and they’ll tell you that people featured in this careers guide is not a comprehensive list. There will be
other companies who employ actuaries or analysts in the UK and globally.
chose the profession for the intellectual challenge, to work with inspiring people and
to impact significant projects. The fact that starting salaries for graduates, at around
£31K, make it one of the highest paid professions is definitely a very welcome bonus.
So you’re a Grad!
What’s next?
You’ll have a good degree in maths or other numerate subject.
Now’s the time to start researching the kind of companies you could
work for and this directory is the perfect place to start. Look out
for companies who offer work placements – it’s a valuable way to
check whether the actuarial profession is right for you. Remember
that once you’ve landed your dream actuarial role, the focus will be
on learning and you’ll have a number of significant exams to tackle
before you can celebrate becoming a qualified actuary.
It’s hard work. It’s worth it.
VISIT
www.actuaries.org.uk/become-actuary
VISIT
www.actuaries.org.uk/become-actuary
• And/Or a numerate degree at 2:1 or above The apprenticeship will typically last for 3.5 years if you don’t have any exam
exemptions, but will reduce by six months for every two subjects you have
If you don’t meet these requirements, or you are thinking about changing careers
exemptions for.
from an unrelated field, you may want to consider taking one of our non-member
entry exams. You can find out more at www.actuaries.org.uk/non-members You can find out more about Actuarial Higher Apprenticeships at
www.actuaries.org.uk/apprenticeships
However, we recommend you double check with employers what their entry
requirements are for trainee roles, as these can vary. Visit Employers who offer graduate training schemes and
www.actuaries.org.uk/become-actuary to become a member. Actuarial Higher Level Apprenticeships are featured
Finding your first role throughout this guide.
To gain the work experience required to develop your skills and qualify as
an actuary, you’ll need to secure your first role. School leavers, university
students and career changers will all start off with an entry level role within
the profession.
Risk Management
Risk Management involves considering the risks of the enterprise as a whole,
rather than considering individual risks in isolation. The business world, along
with the public sector, faces multiple challenges and greater uncertainty in
the current economic environment – they need help to manage risks better in
order to remain successful and continue to grow.
IN DEMAND
Address The Aon Centre, The Leadenhall Address 71-75 Shelton Street,
Building, 122 Leadenhall Street, Covent Garden, London,
London, EC3V 4AN WC2H 9JQ
Overview Overview
Type of business Insurance, Reinsurance, Employee Benefits, Type of business Consultancy - covering both life and non-life
Human Capital Consulting, Pensions, insurance, as well as wider fields such as data
Investment analytics
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 30 How many actuarial trainee vacancies are there? 5–7
What qualifications do I need? 2:1 Undergraduate degree in a numerical What qualifications do I need? Minimum 2:1 degree (any discipline); 136 UCAS
subject points (new tariff) including grade A in Maths
A-level; more detail online
How should I apply? Online via aonearlycareers.co.uk How should I apply? CV and covering letter - see online at:
aprllp.com/working-for-apr
Closing date for applications December 2019 Closing date for applications Please see website link above
Contact name for HR & applications graduates@aon.co.uk Contact name for HR & applications grad.recruitment@aprllp.com
Where are your UK vacancies? UK wide - see website for details Where are your UK vacancies? Central London and Edinburgh, but client
projects could be anywhere in the UK
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? Possibility of some projects in Ireland or
mainland Europe
How many actuaries are in the firm? c. 400 How many actuaries are in the firm? c. 40 (qualified and students)
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Professional Services Type of business Actuarial Services - General Insurance, Life
and Pensions, Human Resource Consulting
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 25 How many actuarial trainee vacancies are there? c. 24
What qualifications do I need? 2:1 in Maths related Subject What qualifications do I need? Minimum A in A-Level maths (or Scottish Higher
300 UCAS Points equivalent) and studying or already have an
honours degree in a numbers-based subject.
How should I apply? Via the website How should I apply? Applications online via:
ukcareers.ey.com/students
Closing date for applications End Of October Closing date for applications We encourage early applications
Contact name for HR & applications Ruth Hollick Contact name for HR & applications Visit our website or call 0808 169 9829
Where are your UK vacancies? Amersham, Bristol, Bromsgrove, Cheltenham, Where are your UK vacancies? Bristol, Edinburgh, Leeds, London
Leeds, Liverpool, London, Glasgow
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? N/A
How many actuaries are in the firm? N/A How many actuaries are in the firm? Over 1500 worldwide. c. 225 in the UK
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Pensions and Investment Type of business General Insurance, Life Insurance, Pensions,
Derivative Valuations
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 6 – 10 How many actuarial trainee vacancies are there? 3–5
What qualifications do I need? The minimum requirements for admission as a What qualifications do I need? A degree and the minimum requirements for
student member of the IFoA admission as a student member of the IFoA
How should I apply? Online How should I apply? Applications are online via:
trainees.grant-thornton.co.uk
Closing date for applications See website for details Closing date for applications Between September and November
Contact name for HR & applications hrhelpdesk@firstactuarial.co.uk Contact name for HR & applications traineerecruitment@uk.gt.com
Where are your UK vacancies? Basingstoke, Leeds, Manchester, Where are your UK vacancies? London
Peterborough, Tonbridge
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? N/A
How many actuaries are in the firm? 54 qualified, 65 trainees How many actuaries are in the firm? 26 qualified, 17 students
Overview Overview
Type of business Leading independent pensions, investment Type of business Life, General, Pension, Investment
and benefit consultancy
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 20 How many actuarial trainee vacancies are there? Approximately 20
What qualifications do I need? Min. 2:1 Honours degree in any discipline What qualifications do I need? N/A
Please visit: www.hymanscareers.co.uk for
more details
How should I apply? Online at: hymanscareers.co.uk How should I apply? N/A
Closing date for applications See website for details: hymanscareers.co.uk Closing date for applications Online at: kpmgcareers.co.uk
Where are your UK vacancies? London, Glasgow, Birmingham, Edinburgh Where are your UK vacancies? Birmingham, Bristol, Edinburgh, Glasgow,
Leeds, London, Manchester, Reading
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? N/A
How many actuaries are in the firm? 120+ qualified actuaries How many actuaries are in the firm? 200+ in UK
Do you offer sandwich placements? Yes Do you offer sandwich placements? Yes
Do you offer work experience? Yes Do you offer work experience? Yes
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? c. 35 How many actuarial trainee vacancies are there? See: careers.milliman.com
What qualifications do I need? A 2:1 honours degree, an A grade in A-level What qualifications do I need? 2:1 or higher in a Numerical degree
mathematics and a total of 320 UCAS points
How should I apply? Apply using our online application form How should I apply? See: careers.milliman.com
Closing date for applications 15 November 2019 Closing date for applications See: careers.milliman.com
Contact name for HR & applications Jan Rydell: recruitment@hymans.co.uk Contact name for HR & applications Anna Pelc
Where are your UK vacancies? London, Winchester Where are your UK vacancies? See: careers.milliman.com
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? See: careers.milliman.com
How many actuaries are in the firm? 284 including 94 students How many actuaries are in the firm? 60 in the UK
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Investment Consulting Type of business Investment Consulting and Fiduciary
Management
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 6–8 How many actuarial trainee vacancies are there? 6–8
What qualifications do I need? A level or equivalent in Mathematics and 2:1 What qualifications do I need? At least a 2:1 preferably (not limited to) a
degree or equivalent finance, economics or maths based degree/
qualification
How should I apply? Online at: How should I apply? Please send your CV and a cover letter to
redington.co.uk/who-we-are/careers careers@riverandmercantilegroup.com
Closing date for applications Please see website Closing date for applications None (All year)
Contact name for HR & applications Susan Stevens Contact name for HR & applications careers@riverandmercantilegroup.com
Where are your UK vacancies? City of London Where are your UK vacancies? London
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? N/A
How many actuaries are in the firm? 9 Qualified and 5 Students How many actuaries are in the firm? 27
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? c. 100 How many actuarial trainee vacancies are there? Up to 10
What qualifications do I need? Minimum 2:1 degree and A level Maths: What qualifications do I need? You will need a good honours degree ideally
at least B in maths, economics or a science-based
subject
How should I apply? careers.willistowerswatson.com/stu- How should I apply? Via XPS website
dents-graduates/welcome/
Closing date for applications Please see our website for further information Closing date for applications Please see website
Contact name for HR & applications Campus Recruitment Team Contact name for HR & applications recruitment@xpsgroup.com
Where are your UK vacancies? Birmingham, Bristol, Cambridge, Dublin, Where are your UK vacancies? National - please see website
Edinburgh, Leeds, London, Manchester, Reigate
Where are your worldwide vacancies? North America, Europe and Asia – please see Where are your worldwide vacancies? Not applicable
website for details
How many actuaries are in the firm? c. 400 How many actuaries are in the firm? 300 approximately
REWARDED
Overview Overview
Type of business Insurance, Reinsurance, Employee Benefits, Type of business Insurance, Savings and Investments
Human Capital Consulting, Pensions,
Investment
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 5 How many actuarial trainee vacancies are there? Please refer to the careers website
What qualifications do I need? 2:1 Undergraduate degree in a numerical What qualifications do I need? Minimum of 120 UCAS points (300 old tariff)
subject 2:1 or better in a STEM or other suitably
numerical degree
How should I apply? Online via aonearlycareers.co.uk How should I apply? Online via our careers website
Closing date for applications December 2019 Closing date for applications Please refer to the careers website
Contact name for HR & applications graduates@aon.co.uk Contact name for HR & applications Richard Kingston
Where are your UK vacancies? UK wide - see website for details Where are your UK vacancies? Bristol, Eastleigh, Norwich, York
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? N/A
How many actuaries are in the firm? c. 400 How many actuaries are in the firm? Approx 110 trainees and 300 qualified
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Founded in 1847, Canada Life is a wholly Type of business General Insurance
owned subsidiary of Great-West Lifeco Inc,
one of the largest Canadian life and health
insurance companies
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 2 How many actuarial trainee vacancies are there? Varies
What qualifications do I need? Degree What qualifications do I need? 2:1 minimum degree in a numerate subject
How should I apply? Careers section at: canadalife.co.uk regularly How should I apply? via careers website: esureyourcareer.com
Recruitment begins around March annually or email: recruitment@esure.com
Closing date for applications See website Closing date for applications Ongoing
Contact name for HR & applications N/A Contact name for HR & applications Carina Barclay: carina.barclay@esure.com
Where are your UK vacancies? Potters Bar Where are your UK vacancies? Actuarial Team based in Head Office in
Reigate
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? Only UK based
How many actuaries are in the firm? Approx 40 actuaries & 40 students How many actuaries are in the firm? 7 qualified actuaries and 11 students
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Life & Pensions Type of business Insurance, Pensions and Asset Management
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? Ongoing How many actuarial trainee vacancies are there? Typically 20 a year
What qualifications do I need? 2:1 or above in a numerate degree What qualifications do I need? An A or above in A level Maths and a 2:1 or
above in a numerate degree
How should I apply? Via our careers website: workatjust.co.uk How should I apply? Visit our careers site at:
legalandgeneralgroup.com
Closing date for applications Ongoing Closing date for applications As detailed in advert
Contact name for HR & applications Sam Swindells: recruitment@wearejust.co.uk Contact name for HR & applications emma.adderly@landg.com
Where are your UK vacancies? Reigate, London Where are your UK vacancies? London, Hove, Birmingham
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? UK only
How many actuaries are in the firm? Approx. 85 Actuaries and 50 students How many actuaries are in the firm? 250+
Do you offer sandwich placements? Yes Do you offer sandwich placements? Yes
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview Overview
Type of business Financial Services - Life Insurance, Type of business General Insurance: Home, Motor, Commercial,
Investments and Pensions Equine and Farming
Life Insurance: Life, Pensions and Investments
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 4 How many actuarial trainee vacancies are there? See website
What qualifications do I need? A 2:1 in a Mathematical or other numerate What qualifications do I need? 2:1 or above in a degree with significant
degree (or equivalent qualification) such as mathematical content. Three A-Levels at
physics, chemistry, economics & engineering. grade B or above, including Maths
How should I apply? On our website at www.jobs.lv.com How should I apply? Search Actuarial Trainee on the website, sign
up for job alerts or complete an application
Closing date for applications Late 2019 Closing date for applications See details in the vacancy posting
Contact name for HR & applications Daisy Hodder Contact name for HR & applications Details available on careers website
Where are your UK vacancies? Bournemouth Where are your UK vacancies? Stratford-upon-Avon
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? All vacancies are in the UK
How many actuaries are in the firm? 40+ How many actuaries are in the firm? Approximately 20 qualified and 30 students
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Address Tower Bridge House, St Address GI: The Zurich Centre, Parkway,
Katharine’s Way, Whiteley, Fareham, Hampshire,
London, E1W 1BA PO15 7JZ
Life: Tricentre One, New Bridge
Telephone 0207 709 1700 Square, Swindon, SN1 1HN
Website pacificlifere.com Telephone 0870 522 1311
Website zurich.co.uk
Overview Overview
Type of business Life Reinsurance: We specialise in risks Type of business Zurich Insurance Group is one of the world’s
associated with Life Insurance, Critical Illness, largest insurance groups, writing a wide
Income Protection, Longevity & Hospital Cash range of General Insurance and Life
Insurance products
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? We are always on the look out for trainees How many actuarial trainee vacancies are there? Up to 10 graduates and 5 apprentices per year
What qualifications do I need? We’re looking for actuarial trainees with a What qualifications do I need? Numerate degree (predicted a 2:1 or above) and
degree in Maths, Statistics or Actuarial Science 112 UCAS (A in A Level Maths)
How should I apply? Via the careers page on our website: How should I apply? zurich.co.uk/earlycareers
pacificlifere.com
Closing date for applications Please see individual job vacancies Closing date for applications 31st December 2019
Contact name for HR & applications Francesca Rudwick Contact name for HR & applications earlycareers@zurich.com
Where are your UK vacancies? London Where are your UK vacancies? London, Swindon, Fareham, Farnborough,
Birmingham
Where are your worldwide vacancies? Singapore, Toronto and Sydney Where are your worldwide vacancies? Offices worldwide
How many actuaries are in the firm? Lots How many actuaries are in the firm? c. 55 actuaries c. 65 students in the UK
Do you offer work experience? Yes Do you offer work experience? Yes
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
Overview
work that could make a difference What qualifications do I need? 2:1 or above honours degree (or expected)
in a mathematical subject plus A level (or
to millions of people. equivalent) in maths at grade A
Additional information
How many actuaries are in the firm? Around 90 actuaries and 40 trainees
INSIGHT
Barnett Waddingham (BW) is a leading factors, corporate accounting work and “I joined the company in Autumn 2016 as variability - means proactively reaching
independent UK consultancy at the ongoing governance and secretarial support. an Actuarial Analyst focusing on non- out and working holistically with different
forefront of risk, pensions, investment and I’ve also been involved in a pensioner buy-in life, personal line reserving. esure is a departments, and overall, makes for an
insurance. Even as the firm continues to project for one of my clients over the past well-known Personal Lines insurer that interesting job.
grow, actuaries across the offices continue year. has a good reputation in the insurance
I recently moved across to the Financial
to work collaboratively and regularly share industry for both its esure and Sheilas’
Part of my role is to regularly attend trustee Risk and Capital Modelling team, to further
ideas with each other, whether this be Wheels brands. Being in this fast-paced
meetings, presenting advice to a wide my understanding in another key aspect
through private social networking platforms, industry, I have been constantly challenged
range of audiences, from vastly experienced of actuarial contribution. Looking at a
regular “away days” or local team meetings. from both a technical and interpersonal
independent trustees, to newly appointed broad spectrum of uncertainties including
skills perspective. The flat management
Each client is the responsibility of a trustees with almost no pensions experience underwriting, investment and catastrophes,
structure here at esure translates to direct
dedicated partner who builds a team at all. My advice is often aided by the use of and acting as a second line of defence, has
exposure to senior management and the
dedicated to meeting that client’s technology, including Barnett Waddingham’s become an essential part of my day-to-
Group Executive, making it easy to gain a
particular need. Partners maintain a close, interactive funding and investment modeller day job. This move has further expanded
good understanding of the business, how
personal involvement at all levels of work ‘Illuminate’ which enables Trustees and the experience I have had throughout my
it operates, and the chance to interact with
and provide support to Client Account sponsors to design and monitor an integrated career at esure.
all levels of business stakeholders.
Managers, such as Mike. strategy to suit their needs.
There is a strong focus on learning and
I have access to a large volume of data.
“I work in the Trustee consulting team in In addition to client work, I like to get development at esure, to hone both
This presents opportunities to drill into the
BW’s Amersham office. I qualified as a Fellow involved in the social side of BW. This technical and soft skills, and the company
detail, to better understand the reasons
of the Institute and Faculty of Actuaries in includes captaining the Amersham team at has a generous study package to guide
behind the trends and aid the business
2016. In my current role as Client Account the annual inter-office football tournament, and support me towards qualifying as
decision making. Through this work to
Manager, I act as the primary point of playing in the annual netball and cricket an actuary. The IFoA has also given
identify and predict trends, I have become
contact for trustees and sponsors and also tournaments, and attending regular office me overwhelming support which has
more aware of the importance of actuarial
act as secretary to the trustees for some pub quizzes and curry nights.” encouraged me to become a voluntary
judgment, and the professional expertise it
clients, coordinating the work of more Career Ambassador. Through this I have
requires.
junior members of the client team as well as the chance to share and exchange my
various other advisers to the client. I currently To really add value to forecasting takes experience with fellow actuaries and pupils
manage the accounts of five clients of more than good business acumen and alike. I can unreservedly recommend this
varying sizes ranging from £5m to £100m. statistical analysis, you also need to rewarding and satisfying career.”
appreciate the wider context. To gain that
I have experience of a wide range of actuarial
kind of knowledge – such as legislative
and consultancy work, including valuations,
changes, medical diagnoses or weather
PPF levy consulting, reviews of actuarial
EY’s Actuarial practice is part of the EMEIA take charge of your career. Asking questions Why First Actuarial? exciting prospect of further development
Insurance Risk and Actuarial Services team. is always encouraged and senior members of “I joined the company in 2013 as a graduate opportunities when I qualify and continue
We have one of the largest actuarial teams the team are more than happy to coach you. and have always felt valued and appreciated. my career at First Actuarial.”
in the world, with over 800 professional You’d be surprised how much you can learn In a medium size firm, I have been able to get
What support do First Actuarial
actuarial staff in the EMEIA region and over in a few months, I’ve learnt how to prioritise involved with various areas of the business
provide towards studying and ongoing
1,500 globally. tasks, ask for help and become more efficient and been given excellent opportunities
development?
whilst being given responsibility on projects even at a junior level, from presenting at
As one of the leading consultancies in “I have been given all the training I need
from day one. I love how many graduates Trustees’ meetings to running whole office
the UK, we work with some of the largest on my way to becoming an Actuary. First
there are at EY as you can learn just as much internal projects. There are always chances
financial services companies in the industry, Actuarial provides excellent study support
from your peers as you can from senior to develop your skills and work on new and
advising them on how to address complex, both financially and via study leave. We have
team members and there is a great sense of exciting areas within the pensions industry.
multidimensional financial challenges. on the job training support to help develop
community.
Working for EY offers you the opportunity The company has a very friendly atmosphere the skills needed. This includes an office
to work on a range of client solutions EY invests heavily in our development, where everybody is approachable and always wide graduate training programme and
enabling you to develop a wide breadth of with our graduate training taking us from willing to support you in whatever way you regular technical training on topical pensions
skills and competencies across your career. Bedfordshire to Amsterdam, and their recent need. You get the opportunity to work with issues. I have also been supported by a
collaboration with an online learning platform different offices, departments, teams and study mentor who is there to offer guidance
“I joined the Non-Life Insurance Actuarial
has helped me learn how to code. EY offers individuals which helps make each day fresh whenever I need it. At the same time, good
practice at EY in September 2018. I was
flexible study arrangements, which allows me and provides a variety of challenges which I work-life balance is more than a talking point
always interested in a career that involved
to balance study and work too. really enjoy. at First Actuarial – it’s a day-to-day reality.
numbers but for me, what differentiated
It is challenging balancing work, study and
a career as an actuary, was the emphasis I would recommend EY’s Actuarial graduate The company philosophy is to focus on
personal life but First Actuarial are great at
on analytical and soft skills coupled with a programme as it has made me feel like a our clients rather than be driven solely by
helping you find that balance. There is an
healthy work life balance. valued member of the team and it has given budgets. This gives us the freedom to ensure
excellent social side to the office which I
me a great support network. we perform the best service for our clients
Since joining EY, my first few months have found thoroughly enjoyable.”
without cutting corners. It helps develop the
have been a steep learning curve but an
knowledge needed to progress at a junior
amazing experience where I’ve been able
level without the pressures of meeting time-
to develop my teamwork, presentation and
cost targets.
communication skills and complete a range
of work for large insurance companies. With the wide range of work, my knowledge
of the world of pensions improves daily
EY appealed to me as the work is project
and I am constantly learning something
based, so you’re exposed to a variety of
new about my job. I look forward to the
opportunities and you have the chance to
“I studied Mathematical Science at City, are random. I‘ve also had the chance to work How did you get your job at Hymans able to learn a lot from them. As a graduate,
University of London and then completed a on GAD’s current major project transitioning Robertson? plenty of training is also provided which
Master’s degree in Actuarial Science at Cass to a new pension valuation software. It’ll “I first came across Hymans Robertson when helps to build a foundation of knowledge to
Business School.” enable our teams to work faster, more attending a careers event at my university; practice in everyday work.
efficient and provide an even better actuarial a couple of people from the firm (now my
Choosing GAD There is a strong focus on flexible working
service for clients.” colleagues!) gave a presentation to explain
“I’ve had a passion for mathematics since which allows everyone in the firm to work
what it was like to work there and the range
school and I wanted a career that combined The training and support in a way that best suits them – that might
of work they get involved in. I was able
maths and finance. The actuarial profession “GAD offers generous study support mean changing working hours to fit around
to ask a number of questions and gain an
also involves various other interesting and including study leave and materials. Each an appointment or working from home. In
insight into the working environment, which
fascinating elements such as programming trainee is assigned a study mentor who can addition, our new dress code allows you to
motivated me to apply.
and machine learning. advise on which exams to sit, discuss exam wear what you feel most comfortable in,
strategies and help you plan them. GAD’s The application process was relatively something that has been particularly popular
When I applied to GAD, I was certain there‘d
rotation and secondment scheme means straightforward – an online application across the office.”
be lots of training opportunities. For the
trainee actuaries have opportunities to work (covering some questions on why you
past 8 months, I‘ve acquired so many new What skills have you found to be particularly
in different teams. wanted to work for Hymans Robertson),
skills including time management, project useful in this sector/profession?
online tests, a telephone interview and a final
planning, software skills and peer reviewing. It’s also useful to have a network of trainees “As a trainee consultant, there is always
strengths-based interview at the London
I’ve also had the opportunity to further as we share views, discuss actuarial exams a focus on technical skills in order to
office. As I progressed throughout the
develop the statistical and analytical skills I and ask for support when we are working understand actuarial concepts and progress
application, I was able to meet several people
learnt at university.” with a particular team. With the experience through the exams. As well as the range
ranging in seniority. Everyone was incredibly
and support I‘ve gained here, I have been of training sessions available, Hymans
Your current role friendly and I got the impression Hymans
able to get a great start on my exams and I’m Robertson also provides an extensive study
“I’m currently part of the Actuarial Services Robertson really care about their staff,
en route to be qualified soon.” support package.
team; I carry out calculations and actuarial which was important to me. I’ve learnt since
valuations across GAD. I also work closely Other benefits working here that they really do!” It’s important to have strong communication
with other teams which offers me greater “There is a great work-life balance here at and presentation skills, not only to build
What’s it like working at Hymans Robertson?
exposure to the variety of work GAD does GAD. The flexible working pattern means you rapport with colleagues but also with
“One aspect I have particularly enjoyed
and diversify my knowledge. can easily fit in other commitments before external advisors and clients. I will have the
since starting at Hymans Robertson is the
and after work. There are great social clubs chance to develop these skills further.
One of the most exciting projects I’ve worked collaborative style of working; I work in a
that you can join and get involved with. At
on recently is the ERNIE 5 project. We carried number of different teams on a variety of Lastly, IT skills are useful (particularly in Excel
GAD, I feel I’m part of a unique, diverse and
out statistical tests to determine whether the work. Everyone is extremely supportive and as I use spreadsheets everyday!) but there
comfortable work environment.”
numbers generated from the ERNIE machine team-orientated, which means I’ve been are constant opportunities to improve.”
LCP is an award-winning firm of actuarial, Within our Communities Group I have been “I joined L&G in July 2014 after attending a rotate between the Hove and London
financial and business consultants. We involved in office fundraising and employee graduate assessment centre and I’m currently office locations to gain exposure to the
recruit graduates across five departments: volunteering.” on my third student role. different areas of the business and to build
Pensions Actuarial, Investment Consulting, relationships as you progress in your career.
What do you do day to day? Each of my roles has been vastly different
DC and Financial Wellbeing, Insurance, and Most teams work on an agile basis so there
“The work is so varied and no two days in terms of the products, nature of the work
Business Analytics and Financial Modelling. may be some home working.
are the same. My clients are the trustees and expertise required. This has aided me to
We help our clients make good decisions,
of pension schemes ranging in size and broaden my skill set, understanding of the I am on the L&G Exam Tutors Committee, so
based on insightful analysis, industry
industry. There is a good mixture between business and also determine areas of interest I voice any challenges students are currently
expertise, and game-changing technology.
doing calculations, drafting documents and that I would like to work in as a qualified having with exams and also give a student
Why become an actuary? speaking to clients and other advisers. At actuary in the near future. opinion to any ongoing changes by the IFoA
“An actuarial career is an obvious choice LCP, actuarial students are able to attend or L&G’s study policy.
Starting in the Annuities Reporting Team I
for a mathematician: it is a highly respected client meetings from an early stage to see
gained valuable insight into how we value L&G offer a very competitive study support
profession and offers an attractive salary first-hand how advice is presented to clients.
our liabilities, how they’re summarised in scheme; 45 study days per year are provided
and a good work-life balance. Initially I found It is fantastic to get to know the trustees and
the accounts and the importance of quality and salary increments upon successful
the thought of more exams off-putting, understand their priorities as well as learn
data. I then rotated to the Hove office to the completion of each exam. They also cover
but actually studying adds some familiarity key skills to become a good consultant.”
Individual Protection Risk Pricing team. Here, the costs of exams, subscription fees and
and an opportunity to grow your technical
What is the application process like? I worked on experience investigations for study materials.
knowledge in a structured way. It’s great
“There is one form and one assessment financial reporting and pricing bases. Lastly,
to have a balance between working and I am close to finishing my exams now. I’ve
centre (which includes interviews). You I’ve recently rotated to the London office
studying.” found that if you use your regular study days
get to have lunch with some of the recent into the Individual Annuities Commercial
productively then it doesn’t need to impact
What makes LCP stand out? graduates which allows you to understand Pricing Team. Each week includes answering
on your own time as much.
“The people! Everyone is so supportive and what a typical day at LCP is like and the customer queries, producing management
always has the time to answer any questions. support and opportunities available. At each information to help senior managers make One of the great things about working at
We have a really collaborative work culture. step, LCP treated me as an individual. It was informed business decisions, updating our L&G is the large community of actuaries and
I didn’t expect to learn so much and be such a refreshing process; I felt really valued.” annuity rates and working with our business actuarial students. I was previously part of
consistently challenged without feeling partners. We also spend a lot of our time on the actuarial social society who organise
Any advice for applicants?
overwhelmed. ad-hoc work that varies by week, for example monthly events such as Beach volleyball,
“Talk to some actuaries. I asked my university
producing reports, updating models and data Zorb football and wine tasting. Meeting other
I’m really proud to work at a company alumni department if there was anyone they
analysis. actuarial students at these social events really
which cares about ethical issues. I love our could put me in touch with. Actuaries of all
helped with the transition from university life
diversity initiatives like the Women’s, LGBT+, levels were happy to share their experiences At L&G, students usually rotate roles
to work and also meant there were lots of
Multicultural and Wellbeing Networks. and answer my questions.” every 18 months and are encouraged to
people to give advice on the exams.”
Adam joined NFU Mutual in 2016 as an wellbeing and work-life balance is given What do we do? Why work for us?
Actuarial Trainee after teaching Science for a high priority. There’s a real sense of “We are a life reinsurance company “We are a growing company and we are
three years. We asked him about his career community in the business – it’s clear that specialising in risks associated with Life always looking for talented people to join
so far and perspective on NFU Mutual. every employee is valued. Insurance, Critical Illness, Income Protection, us. We attract individuals who enjoy facing
Longevity and Hospital Cash. We work challenges, bring energy and enthusiasm in
What attracted you to NFU Mutual? A variety of sport and social activities
closely with our clients to create tailored everything that they do and enjoy working as
“NFU Mutual doesn’t have shareholders are organised throughout the year, both
products that fit with their business and their part of a collaborative team.
– it’s owned entirely by its policyholders within actuarial teams and across the wider
brand.”
meaning they put policyholders at the business, so there’s plenty to get involved in!” Our University intern programme is growing
heart of everything they do, which aligned Who are our clients? rapidly, and this year, we launched our
What opportunities are on offer?
with my social values. I also liked that the “Our clients are insurance or reinsurance graduate recruitment programme.”
“NFU Mutual has a strong culture of
company has both Life and General Insurance companies looking for a new and innovative
developing people. Actuarial Trainees In Gill’s own words
products, so there was a variety approach to taking risks.”
receive an excellent study package which “I chose to return to Pacific Life Re following
of opportunities on offer.”
offers guidance from a study mentor as Where do we operate? my internship because of the opportunities
What type of work have you been involved well as financial support. Trainees are also “We have a global team of experts located that I was given, even at the most junior
in since joining the company? encouraged to rotate between teams to aid in a variety of offices around the world, level. There is a very flat structure across the
“I joined the company as an Actuarial Trainee their development. Working in three different including: London, Singapore, Tokyo, Seoul, company, which means you get to work on a
in Life Capital Modelling. This highly technical teams has given me a broad perspective Shanghai, Sydney, Toronto, Boston.” range of high-profile projects, with exposure
work gave me a deeper understanding of which has helped with progressing through to senior management right from the start.
What opportunities are there?
the financial risks facing NFU Mutual and the IFoA exams. This, along with an extremely friendly and
“There are a huge range of opportunities to
exposure to key actuarial concepts. After sociable office meant that it was an easy
I’ve also had the opportunity to create grow and develop your Actuarial career at
18 months I became involved in Stress and decision to make.
a people development program to help Pacific Life Re and we like to encourage our
Scenario Testing, which developed my
individuals prepare for the next step in their staff to take on new opportunities within the Pacific Life Re were hugely supportive
communication skills as I worked closely with
career, which has been supported by senior business whenever they occur. throughout my actuarial exams and since
teams across the business. Recently I moved
managers.” qualifying, has continuously encouraged my
into General Insurance Capital Modelling. I’ve Gill O’Keeffe, Pricing Actuary, started her
personal and professional development. In
found it really interesting undertaking the How do I apply? Actuarial career with a 6-month internship
less than 5 years I have progressed from
modelling of such a broad range of insurance “We advertise live vacancies on our careers and went on to join the Pricing team
being a graduate to now managing my own
products.” website, where speculative applications permanently after graduating from University
team. I have also spoken at client seminars
can also be submitted. Job alerts can be in 2014. Gill has since qualified as an Actuary
What is it like working for the company? and am the Pacific Life Re representative for
set up in order to be notified of any future and manages her own team.”
“One of the company’s guiding principles is industry committees such as the Women in
opportunities with NFU Mutual.”
to be a “Great Place to Work”, so employee Protection group.”
Why I chose Redington over all these other team to work out bespoke solutions that What attracted you to Willis Towers Watson? that challenge me to learn new skills, and
companies? are both aware of the client needs but also “I first joined Willis Towers Watson in the being able to find solutions for my clients is
“I knew it offered something different relative ultimately help them achieve their needs.” summer of 2013 on an internship with the very rewarding. As I have progressed with my
to your traditional consultancy. It’s a small Retirement Actuarial team in Reigate. This career I have been given more responsibility
What do I see as the greatest challenge at
company that punches above its weight; internship gave me a valuable insight into to leads tasks and to improve my consultancy
Redington?
which meant I could make a difference from life at Willis Towers Watson, in particular skills by building relationships with my
“Redington are very supportive of people
the beginning and have more visibility/ the collaborative and social work culture. clients.”
pushing themselves to progress as much as
presence within the business.” From day one I felt like a part of the team
they wish however, you as an individual need What training and opportunities does Willis
and finished the internship with a greater
Why Redington chose me? to be aware of the consequences of doing Towers Watson offer?
understanding of actuarial work.
“A background in actuarial science has so. Mental health is a pertinent issue for “At the start of my career I found the two
given me a grounding across many areas, young males and being aware and ‘cutting After having enjoyed the internship, I year graduate programme to be an ideal
particularly investment given my chosen yourself some slack’ is something I learned accepted a position on the graduate foundation for learning the technical aspects
study path. My experience of consulting, with throughout my career.” programme straight from University in 2014. of actuarial work and to network with the
technical modelling experience was a big I chose to return to the same team due to other UK offices. Joining a company as
Why should you as an actuarial student join
factor in helping me secure a role here within the positive experience I had as an intern, part of a large graduate intake means that I
Redington?
the ALM team. the exceptional portfolio of clients, and the have a wide network of support, which was
“Firstly, the opportunities afforded to
competitive study package. especially helpful when sitting the actuarial
Being able to (just about) pass the individuals here are second to none as an
exams as there was always someone taking
quantitative part of the interview also aspiring actuary. In addition, the breadth and I am currently working in the London office,
the same exam as me.
helped!” depth of research, knowledge and capability having moved across at the beginning of
here highly regarded within the industry. 2019, and I am enjoying the challenge of The internal training continues beyond these
What is my role and how do I make a
working with new client teams. I have also two years, and I have been impressed with
tangible difference? Secondly, the chance to develop and learn
recently qualified as a Fellow of the Institute the amount of training on offer and the
“I am currently a VP within the ALM team, through a generous study package as well as
and Faculty of Actuaries, and I’m still involved ability to further develop my skills. There are
we concentrate on the quantitative side the regular/active L&D program is something
in helping to mentor new students in the also lots of opportunities for rotations or
of investment consulting. This means we that will help you broaden your knowledge
London office through their exams.” secondments to other parts of the business.
typically focus on designing the investment and skillset considerably.
The global nature of Willis Towers Watson in
strategies and solutions that our clients What type of work have you been involved
Finally, the quality of people here at multiple different business areas means there
(primarily UK DB pension schemes) need in in?
Redington is something that I have been are endless opportunities on offer within the
order to meet their end objective of meeting “Since joining Willis Towers Watson I have
grateful for, there are genuine thought company, which allow you to shape your
and securing member benefits (whilst being worked on a large number of both Trustee
leaders within the business from which career the way you want to, and work with
cognisant of the risk of the scheme). We and Company client teams. I have had the
everyone can learn from. many different teams across the globe.
work closely with our investment consulting opportunities to work on complex projects
RACHEL TRICKETT
Actuarial Assistant
XPS Pensions Group
For more info: xpsgroup.com/careers/
Location: Leeds
University: Nottingham
Degree: BSc Mathematics
58 www.actuaries.org.uk
Consulting
opportunities in:
Pensions Actuarial
Investment Consulting
DC and Financial Wellbeing
Insurance
Business Analytics and
Financial Modelling
Forward
thinker?
Strong
communicator?
Innovator?
Winner
ACTUARIAL CONSULTANT
OF THE YEAR
LCP
We are looking for bright individuals, from a range of degree subjects, who
can work as part of a great team of Actuaries that is crucial to our business.
Private Medical Life Insurance Stakeholder Pension Annual Bonus Quarterly Socials
Insurance Scheme Scheme
25 Days’ Annual Charity Events Subsidised Gym Transport Season Weekly subsidised
Leave Membership Ticket Loan massages
morethanmathsapp.com
OPPORTUNITIES FOR
SCHOOL LEAVERS
Company Aon
What attracted you to the Aon What have you enjoyed most about your
Apprenticeship Programme? Apprenticeship Programme?
Vacancies/Application
“I was accepted to study at Queens University “My favourite part of the apprenticeship
How many apprenticeship vacancies on offer? 10 Belfast to study Actuarial Mathematics but programme is the constant support. I have
the actuarial apprenticeship offered by Aon a very long commute into the office and
What level is your apprenticeship scheme? Level 4 appealed to me as I believed that I would Aon have helped me work around this as I
learn far better through on the job training now work from home two days a week. I am
What qualifications do I need? BCC at A level or equivalent. B or above in rather than sitting in a lecture hall.” also very lucky to have a social office which
maths or maths related A level makes the office a lot more fun. I have learnt
What have you learnt in your time at Aon?
How should I apply? Online via aonearlycareers.co.uk that cake is also always appreciated! I have
“The first big thing to learn was how to work
made some really great friends here and don’t
in an office environment, general information
regret my decision to start working straight
Closing date for applications March 2020 about pensions and the options people have
away; I can see I have a career ahead of me
at retirement; not the sort of thing an 18-year-
full of opportunities.”
Contact name for HR and applications apprentices@aon.co.uk old normally knows! I am now able to manage
my work effectively and understand the What’s next for you at Aon?
importance of meeting client deadlines. I have “I have now completed my apprenticeship
also passed my first two CAA exams, so I and am studying for the next exams I am
have been able to learn the more book-based due to take in April. I am looking to apply for
Additional information
skills of self-study as well.” promotion in September too which will give
Where are your UK vacancies? UK wide - see website for details me more responsibility and help enable me to
What does a typical day look like for you?
manage more on my clients.”
“A typical working day for me starts with me
checking and replying to my emails. I then What advice would you give to someone
Where are your worldwide vacancies? N/A have a look at my to-do list and highlight off considering applying for the Aon
what I have done each day or make notes apprenticeship programme?
of what needs to be done. I could have a “Be yourself on the video interview and in
Do you offer work experience? No range of things such as calculating member the online application. The interview process
Do you consider international candidates?* No queries, writing various reports or completing is not just for Aon to see whether you will be
mandatory documents for submission. I also good for the job but also for you to decide
*visa restrictions may apply spend half of my time on the Errors and whether this is the right role for you. Although
Omissions team which involves problem you may not think it now, pensions can be fun
solving on lots of different clients.” if you are around the right people!”
What attracted you to the Willis Towers what I am going to do that day, based on
Watson Apprenticeship Programme? deadlines. The majority of the work I do
Vacancies/Application
“I was really attracted to this apprenticeship involves individual calculations for member’s
How many apprenticeship vacancies on offer? c. 5 programme as it was for a large global pensions, many of which are part of large,
organisation based outside of London, recognisable pension schemes. I am involved
What level is your apprenticeship scheme? Level 4 giving me the opportunity to work for a with work for quite a few different clients,
highly reputable company without having to making the work I get involved in varied, so
What qualifications do I need? 112 UCAS points and at least a B grade in commute to London every day. I also liked no two days are the same.”
Maths how it allowed me to get involved with client
What have you enjoyed most about your
How should I apply? careers.willistowerswatson.com/stu- work from day one whilst also learning and
Apprenticeship Programme?
dents-graduates/welcome/ gaining a highly regarded qualification. I liked
“I really enjoy the way that apprenticeship
the idea of earning whilst developing my
Closing date for applications Please see our website for further information programme gives a hands on approach to
skills and knew that this sector would allow
learning and allows me to learn in a practical
me to gain lots of different experiences.”
Contact name for HR and applications Campus Recruitment Team way by actually doing the job. It has also
What have you learnt in your time at Willis allowed me to meet lots of new people. I
Towers Watson? was worried that by not going to university,
“I have learnt a variety of new skills varying and instead going straight into the working
from communication and organisational world, I would be less sociable. But at Willis
Additional information
skills, to excel and pension knowledge. I have Towers Watson there are lots of social events
Where are your UK vacancies? Reigate also learnt to use financial and statistical organised throughout the year which have
mathematics to complete the work I do helped me meet new people. I feel that the
day-to-day. Going straight into the working apprenticeship programme gives me lots of
world has given me the opportunity to meet opportunities to develop my knowledge and
Where are your worldwide vacancies? Please see our website for further information a variety of people at different stages of their skills, and will help to make a bright career
career, who I can learn from, which helps to for myself, as long as I work hard.”
Do you offer work experience? No benefit my own career.”
Do you consider international candidates?* Yes What does a typical day look like for you?
“A typical day starts for me by checking my
*visa restrictions may apply emails to see if I have had any new work
come in, or any updates on ongoing projects.
I then usually go through and prioritise
Support as a
• Pensions and Actuarial Services Limited
• Aon Hewitt Limited - Retirement &
• Premier Pensions Management Limited –
Investment Consulting Business
Actuarial Function
www.actuaries.org.uk
• Spence and Partners Limited
• Capita Employee Benefits Limited & Capita
• Steve Dixon Associates llp
Employee Benefits (Consulting) Limited
• Thomson Dickson Consulting Limited
• Cartwright Group Limited (actuarial
services) • Towers Watson Limited
• Censeo Actuaries & Consultants Limited • Towers Watson Singapore Pte
Limited,Towers Watson (Malaysia), Towers
• Deloitte LLP, Deloitte MCS Limited and
Watson Hong Kong Limited
Deloitte Total Reward & Benefits Limited –
Actuarial, Reward and Analytics Function To find out more visit
www.actuaries.org.uk/QAS
• Exactval Limited
• First Actuarial LLP *List current at time of publishing
www.actuaries.org.uk/become-actuary