Actuarial
What is Actuarial?
On the Actuarial Programme you’ll learn how to analyse data, assess risks and create models that will drive intelligent decision-making. You’ll play a pivotal role in our business, alongside some of the most qualified actuaries and analysts in the industry. So, if you're a motivated and ambitious person you won't find a better place to become a Future Actuarial Leader.
What skills will I need?
An analytical approach and a high-level of numerical skills are essential. You'll also need excellent team-working, communication and interpersonal skills, and the motivation to carry on studying towards a professional qualification.
What will I be doing?
You’ll be expected to apply actuarial techniques to support critical commercial decisions and the creative management of our business.
We provide insurance solutions for an immense range of customers: from members of the public, through small and medium sized enterprises, to local government organisations and large multi-national corporations. Our actuarial teams drive the pricing and reserving for all these markets.
We want to develop future actuarial leaders that understand the breadth of our actuarial teams and how they contribute to great customer protection and outcomes. In the actuarial reserving team, you'll be calculating the expected level of future claims. By applying statistical techniques, analysing experience against expectations, and communicating business insight you'll become a valuable member of the reserving function.
In the actuarial pricing team you'll find yourself analysing profitability, improving approaches to customer segmentation, and developing market-leading rating technology. In the Life Insurance actuarial team you’ll deal with life, pension and investment products. This could include anything from pricing new products, or providing actuarial support for group-wide projects, to financial risk management and modelling, reserving and financial reporting.
What support will I receive?
We're very serious about investing in our people. So, you'll have an early career manager who will guide you through your experiences, give you advice and all the help you need with structuring your exam and revision time. Along with working with some of the most talented colleagues in the business, you can also look forward to a comprehensive support programme, including study materials, tutorials and study leave.
What can I look forward to?
This is your chance to develop while learning from a group of talented actuaries and analysts from across the industry. This is an unusual opportunity to work in industry, getting to grips with the core functions of a large global insurer, working as part of a respected team with support to becoming fully-qualified within five years.
Where will I be based?
You’ll need to be flexible on location, as some of our businesses require you to work at different sites.