Directory of employers - TARGETjobs · 2017-09-21 · Directory of actuarial employers | Consultancy Company Aon Address The Aon Centre, The Leadenhall Building, 122 Leadenhall Street,

Directory of employers

www.actuaries.org.uk

For actuarial trainees

2017/18

Some of the companies covered in the following pages offer work placements so

do get in touch with them to find out how to apply. Or speak to your university or

school careers service.

Finally, you can get a head start by joining the Institute and Faculty of Actuaries.

We’ll keep you updated about the industry and the opportunities as you begin

your search.

International Candidates If you are a candidate residing outside of the UK then you can still use this directory

to look for jobs, work experience or internships. There are many employers with

offices all over the world – these are outlined in the section on each company profile

that says “Locations outside of the UK”.

For the employers in this directory, if you wish to work in the UK you will require

(usually) a Tier 2 visa. This cannot be provided by you or the IFoA; it will need to

be provided by the employer you wish to seek employment with.

There are opportunities for international candidates in the UK. If an employer takes

on candidates from outside the UK then they will say ‘yes’ in the section that says

‘we consider international candidates’.

If you have any questions with regards to the visa process in your job hunt, then

please contact the recruitment team of the company you are seeking employment

for or the university that you are studying at.

If you wish to speak to someone in the country that you reside in, then please

contact the Careers Team at [email protected] to speak to a

Career Ambassador.

Please note that this list of employers is not a comprehensive list, there will

be other companies who employ actuaries in the UK and globally.

What do actuaries do?

Actuaries are people who’ve turned their love of numbers into a rewarding and

challenging career. They are business professionals who assess the financial impact

of risk and uncertainty. They have a deep understanding of finance and business and

model the world around them, evaluating the likely impact of future events.

Their advice is essential to many industries, including banking and investments,

insurance, healthcare and pensions, where a single decision can have a major

financial impact or affect the lives of hundreds of thousands of people. It’s a

vital role with a lot of responsibility. That’s why actuaries are so highly regarded,

sought after and rewarded.

What qualifications will you need?

You will need a good grade in A level or Scottish Higher maths and usually a good

degree in a numerate subject such as mathematics, statistics, sciences or economics.

Once you’ve joined a firm, like one of those included in this directory, you’ll continue

to develop your skills and knowledge and sit our professional exams. This usually

takes between three and six years.

Where to start

Work placements are invaluable if you are to gain a real understanding of the role

of an actuary in deciding whether it’s the right career for you.

2 Institute and Faculty of Actuaries www.actuaries.org.uk 3

Thanks for picking up our directory. We’ve put it together to showcase some of the businesses you could work for as an actuary and we’ve given some young actuaries the chance to tell you what their working life looks like from the inside.

Get in touch on 020 7632 2137 or at [email protected]

Directory of actuarial employers


Introduction

Contents

Quality Assurance Scheme

Location of companies

Directory of Actuarial Employers

Consultancy

Aon

APR

Barnett Waddingham

EY

First Actuarial

Grant Thornton

Hymans Robertson

KPMG

LCP

Mercer

Milliman

Nigel Soam & Co Actuaries & Consultants

P-Solve

Punter Southall

Redington

Willis Towers Watson

Xafinity

Insurance

Aon

Aviva Plc

Canada Life

Conduent HR Services

Direct Line Group

esure

Just

Legal & General Group Plc

Lloyds Banking Group

LV=

NFU Mutual

Pacific Life Re

Phoenix Group

SCOR SE

Unum

Zurich

Public Sector

Government Actuary’s Department

Case studies

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Directory of actuarial employers | Contents

ContentsA number of actuarial employers have been accredited with the QAS mark. This is a mark of approval provided by the IFoA to organisations that meet our criteria. Amongst other factors, a QAS accredited employer has been independently assessed as demonstrating commitment to providing a working environment that supports employees in meeting their professional obligations and supporting and facilitating the development and training of employees at all stages of their career.

Firms accredited*:

• Aon Hewitt Limited - Retirement & Investment Consulting Business

• Atkins Trustees Limited (trading as Atkin & Co)

• Barnett Waddingham LLP

• BBS Consultants and Actuaries Limited

• Bradshaw Dixon & Moore

• Buck Consultants Ltd

• Capita Employee Benefits Limited & Capita Employee Benefits (Consulting) Limited

• Cartwright Group Limited (actuarial services)

• Deloitte LLP, Deloitte MCS Limited and Deloitte Total Reward & Benefits Limited – Actuarial, Reward and Analytics Function

• First Actuarial LLP

• Government Actuary’s Department

• H&C Consulting Actuaries LLP

• Hughes Price Walker Limited

• Hymans Robertson LLP – Investment, Actuarial Benefits and Consultancy, Risk Modelling and Consulting practices

• JLT Benefit Solutions – Trustee, Corporate and Investment Consulting divisions

• Lane Clark & Peacock LLP

• Mazars LLP

• Mercer Limited

• Milliman LLP & Milliman Financial Strategies Limited – Life & Financial Services Consulting; Property & Casualty Insurance Consulting; Health Consulting; and Financial Risk Management practices

• OAC plc - Professional Services

• Pensions and Actuarial Services Limited

• Premier Pensions Management Limited – Actuarial Function

• P-Solve Investments Limited – River and Mercantile Derivatives division

• Punter Southall Limited & Punter Southall Investment Consulting Limited

• Quantum Actuarial LLP

• Quattro Pensions Consulting Limited

• Spence and Partners Limited

• Steve Dixon Associates llp

• Towers Watson Limited

To find out more visit: https://www.actuaries.org.uk/QAS

*List current at time of publishing


Location of CompaniesLeeds

AonBarnett WaddinghamEYFirst Actuarial LLPKPMGLloyds Banking GroupMercerXafinityWillis Towers Watson

Liverpool

Barnett WaddinghamMercer

London

Aon APR Barnett WaddinghamConduent HR ServicesEYGovernment Actuary’s DepartmentGrant Thorton UKHymans Robertson LLPJustKPMGLane Clark & PeacockLegal & General Group PlcLloyds Banking GroupMercerMilliman LLPNigel Sloam & Co Actuaries & ConsultantsPacific Life ReP-Solve Investments LimitedRedington LtdSCOR SEWillis Towers WatsonZurich Insurance plc

Manchester

AonConduent HR Services

First Actuarial LLPKPMGMercerWillis Towers Watson

Norwich

Aviva plc

Peterborough

First Actuarial LLP

Potters Bar

Government Actuary’s Department

Reading

KPMG Xafinity

Reigate

esureJustWillis Towers Watson

Stratford Upon Avon

NFU Mutual

St Albans

Aon

Swindon

Zurich Insurance plc

Tonbridge

First Actuarial LLP

Winchester

Lane Clark & Peacock

Woking

Mercer

Wokingham

Punter Southall

York

Aviva plc

Amersham

Barnett Waddingham

Basingstoke

First Actuarial LLP

Belfast

Mercer

Birmingham

Aon Hymans Robertson LLP KPMGLegal & General Group PlcMercerPunter SouthallThe Phoenix GroupWillis Towers Watson Zurich Insurance plc

Bournemouth

LV=

Bristol

AonAviva plcEYKPMGLloyds Banking GroupMercerWillis Towers Watson

Bromley

Direct Line Group

Bromsgrove

Barnett Waddingham

Cambridge

Willis Towers Watson

Cheltenham

Barnett Waddingham

Dorking

Unum

Dublin

Milliman LLPWillis Towers Watson

Eastleigh

Aviva plc

Edinburgh

APR Conduent HR ServicesEYHymans Robertson LLPKPMGLloyds Banking GroupMercerPunter SouthallWillis Towers Watson

Epsom

Aon

Fareham

Zurich Insurance plc

Farnborough

Aon Zurich Insurance plc

Glasgow

AonBarnett WaddinghamHymans Robertson LLPKPMGMercer

Guildford

Punter Southall

Hove

Legal & General Group Plc

Ipswich

Conduent HR ServicesWillis Towers Watson

Directory of actuarial employers | Locations of companies

ConsultancyDirectory of actuarial employers

Directory of actuarial employers | Consultancy

Company Aon

Address The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AN

Telephone 020 7623 5500

Website www.aonearlycareers.co.uk

Company APR LLP

Address Garden Studios, 71-75 Shelton Street,Covent Garden, London, WC2H 9JQ

Telephone 01235 821160

Website www.aprllp.com

Type of business Insurance, Reinsurance, Employee Benefits, Human Capital Consulting, Pensions, Investment

Type of business Mainly Life Insurance, with some General Insurance and Pensions

Overview Overview

How many actuarial trainee vacancies are there? 40

What qualifications do I need? 2:1 Undergraduate degree in a numerical subject

How should I apply? www.aonearlycareers.co.uk

Closing date for applications January 2018

Contact name for HR & applications [email protected]

How many actuarial trainee vacancies are there? 3 – 5

What qualifications do I need? Minimum 2:1 degree (any discipline); 340 UCAS points including grade A in Maths; more detail online

How should I apply? CV and covering letter - see online at www.aprllp.com/working-for-apr

Closing date for applications Please see website (as above)


Vacancies/Application Vacancies/Application

*visa restrictions may apply *visa restrictions may apply

Where are your UK vacancies? UK wide - see website for details

Where are your worldwide vacancies? N/A

How many actuaries are in the firm? 400

Do you offer internships? Yes

Do you offer sandwich placements? Yes

Do you offer work experience? No

Do you consider international candidates?* Yes

Additional information

Where are your UK vacancies? Central London and Edinburgh

Where are your worldwide vacancies? Occasionally Ireland and mainland Europe

How many actuaries are in the firm? C.25 (qualified and students)

Do you offer internships? No, but we run a week-long Mini Actuarial Academy

Do you offer sandwich placements? No


Do you consider international candidates?* Yes* but we do not sponsor visa applications




Company Barnett Waddingham

Address Cheapside House, 138 Cheapside, London, EC2V 6BW


Website www.barnett-waddingham.co.uk

Company EY

Address 1 More London Place, London, SE1 2AF

Telephone 0800 289 208

Website ukcareers.ey.com/graduates

Type of business Actuarial Consultancy Type of business Actuarial Services, Human Resource Consulting

How many actuarial trainee vacancies are there? Please see website for current vacancies

What qualifications do I need? A minimum of a 2:1 degree, 300 UCAS tariff points and an ‘A’ grade in A-Level maths

How should I apply? Online application form via our website www.barnett-waddingham.co.uk/careers

Closing date for applications 1st November 2017

Contact name for HR & applications Alexandra Pierce [email protected]

How many actuarial trainee vacancies are there? C.20

What qualifications do I need? Minimum of an A for Mathematics A level (Pure or Ap-plied) and be studying or already have a honour degree

How should I apply? Online application via ukcareers.ey.com/graduates

Closing date for applications We encourage early applications

Contact name for HR & applications Please visit our website or call our recruitment telephone number 0800 289 208

Where are your UK vacancies? London, Amersham, Leeds, Liverpool, Cheltenham, Bromsgrove and Glasgow


How many actuaries are in the firm? C.130



Do you offer work experience? Yes


Where are your UK vacancies? London, Bristol, Leeds, Edinburgh


How many actuaries are in the firm? 214 across the UK






Overview Overview



Additional information Additional information


Company First Actuarial LLP

Address Mayesbrook House, Lawnswood Business Park, Leeds, LS16 6QY

Telephone 0161 348 7400

Website www.firstactuarial.co.uk

Company Grant Thorton UK LLP

Address 30 Finsbury Square, London, EC2P 2YU

Telephone 020 7383 5100

Website http://www.grantthornton.co.uk/

Type of business Pensions and Investment Type of business General Insurance, Life Insurance, Pensions, Derivative Valuations


What qualifications do I need?

How should I apply? Online

Closing date for applications See website



What qualifications do I need? A degree and the minimum requirements for admission as a student member of the IFoA

How should I apply? Applications are online viahttps://trainees.grant-thornton.co.uk/

Closing date for applications Rolling basis between September and November

Contact name for HR & applications Trainee Recruitment - [email protected]

Where are your UK vacancies? Basingstoke, Leeds, Manchester, Peterborough and Tonbridge


How many actuaries are in the firm? 50 Qualified, 41 Trainees




Do you consider international candidates?* No

Where are your UK vacancies? London


How many actuaries are in the firm? 21 qualified, 23 students






Overview Overview





Company Hymans Robertson LLP

Address One London WallLondon EC2Y 5EA

Telephone 020 7082 6000

Website www.hymans.co.uk

Company KPMG LLP

Address 15 Canada SquareCanary Wharf, London E14 5GL

Telephone 020 7311 1000

Website http://www.kpmg.com/uk/en/careers

Type of business Leading independent pensions, investment and benefit consultancy

Type of business Life, General, Pension, Investment

How many actuarial trainee vacancies are there? 15 – 20 per year

What qualifications do I need? Min. 2:1 Honours degree in any discipline. Please visit www.hymanscareers.co.uk for more details

How should I apply? Online at www.hymanscareers.co.uk

Closing date for applications See our website for details: www.hymanscareers.co.uk

Contact name for HR & applications Heather McCrae (Grads) or Laura Tarbet (Interns)[email protected]

How many actuarial trainee vacancies are there? 20 per year

What qualifications do I need? Minimum 300 UCAS points and 2:1 degree

How should I apply? Online via the careers website www.kpmgcareers.co.uk

Closing date for applications Recruitment is on a rolling basis

Contact name for HR & applications Student recruitment team via the student recruitment e-mail address [email protected]

Where are your UK vacancies? London, Glasgow, Birmingham, Edinburgh


How many actuaries are in the firm? 120+ qualified actuaries





Where are your UK vacancies? Birmingham, Bristol, Edinburgh, Glasgow, Leeds, London, Manchester, Reading


How many actuaries are in the firm? 200+ in the UK






Overview Overview





Company Lane Clark & Peacock

Address 95 Wigmore Street, London, W1U 1DQ

Telephone 020 7439 2266

Website www.lcp.uk.com

Company Mercer

Address 1 Tower Place West, London, EC3R 5BU

Telephone 020 7357 3931

Website https://www.mercer.com/mercer-careers.html

Type of business Actuarial Consultancy Type of business Actuarial consultancy


What qualifications do I need? A 2:1 honours degree, an A grade in A-Level mathematics and a total of 320 UCAS points

How should I apply? Apply using our online application form

Closing date for applications 17 November 2017

Contact name for HR & applications Kat Sewell

How many actuarial trainee vacancies are there? C.20 – 30 graduate roles per year

What qualifications do I need? 300 UCAS points, Maths A A-level and a 2:1 degree

How should I apply? Via our website

Closing date for applications November

Contact name for HR & applications David Chesham

Where are your UK vacancies? London and Winchester


How many actuaries are in the firm? 164 qualified, 80 students





Where are your UK vacancies? UK Wide - London, North West, South East, Scotland

Where are your worldwide vacancies? As a worldwide firm we have a number of offices around the world - visit website for more information

How many actuaries are in the firm? Approx 500 including student actuaries






Overview Overview





Company Milliman LLP

Address 11 Old Jewry, London, EC2R 8DU

Telephone 020 7847 1500

Website uk.milliman.com

Company Nigel Sloam & Co Actuaries & Consultants

Address Roman House, 296 Golders green Road, London, NW11 9PY

Telephone 0208 209 1222

Website nigelsloam.co.uk

Type of business Actuarial Consultancy Type of business Actuaries & Consultants

How many actuarial trainee vacancies are there? See careers.milliman.com

What qualifications do I need? At least 2:1 in a Numerical degree

How should I apply? See careers.milliman.com

Closing date for applications See careers.milliman.com

Contact name for HR & applications Tracey Newman


What qualifications do I need? Good mathematics degree or similar degree with high mathematics content

How should I apply? By email or letter

Closing date for applications N/A

Contact name for HR & applications Nigel Sloam

Where are your UK vacancies? See careers.milliman.com

Where are your worldwide vacancies? See careers.milliman.com

How many actuaries are in the firm? 60 in the UK













Overview Overview





Company P-Solve Investments Limited

Address 11 Strand, London, WC2N 5HR

Telephone 020 3327 5100

Website www.riverandmercantile.com/Home

Company Punter Southall

Address 11 Strand, London, WC2N SHR


Website www.puntersouthall.com

Type of business Investment Consulting and Fiduciary Management Type of business Pensions


What qualifications do I need? At least a 2:1 preferably (not limited to) a finance, economics or maths based degree/qualification

How should I apply? Please send your CV and a cover letter to [email protected]

Closing date for applications None (All year)



What qualifications do I need? 2:1 honours degree, 340 UCAS points (A at A-Level Maths, excludes General Studies and AS Levels)

How should I apply? Via website http://www.puntersouthallgroup.com/careers/

Closing date for applications Friday 3 November 2017

Contact name for HR & applications Jacqueline Weller, Recruitment Manager & Cicely Hoffman, Recruitment Assistant








Where are your UK vacancies? Birmingham, Guildford, Edinburgh, Wokingham


How many actuaries are in the firm? 133 actuarial professionals






Overview Overview





Company Redington Ltd

Address Austin Friars House, 2-6 Austin Friars, London, EC2N 2HD

Telephone 020 3463 8048

Website www.redington.co.uk

Type of business Redington is an independent and employee-owned investment consultant to pension funds and other long term savings institutions. Redington advises over 60 clients.


What qualifications do I need? A-level or equivalent in Mathematics and 2:1 degree or equivalent

How should I apply? On line at: http://info.redington.co.uk/graduates-and-undergraduates

Closing date for applications Please see website

Contact name for HR & applications Susan Stevens

Where are your UK vacancies? City of London


How many actuaries are in the firm? 6 Qualified and 6 Students






Company Willis Towers Watson

Address Watson House, London Road, Reigate

Telephone 01737 284 966

Website https://careers.willistowerswatson.com/students-and-graduates

Type of business Professional/Financial Services


What qualifications do I need? A or B A-Level Maths and 2.1 degree

How should I apply? careers.willistowerswatson.com/students-and-gradu-ates

Closing date for applications Please see website

Contact name for HR & applications Campus Recruitment Team

Where are your UK vacancies? Birmingham, Bristol, Cambridge, Dublin, Edinburgh, Leeds, London, Manchester, Reigate

Where are your worldwide vacancies? North America, Europe and Asia - please see website for details






Overview Overview






Company Xafinity

Address Phoenix House, 1 Station Hill, Reading, Berkshire, RG1 1NB

Telephone 0118 918 5477

Website www.xafinity.com

Type of business Pensions and Employee Benefits Consulting


What qualifications do I need? A 2:1 in a numerate degree

How should I apply? See our website for more details http://www.xafinity.com/Careers/Graduate-Actuarial-Recruitment

Closing date for applications See website for details


Where are your UK vacancies? Leeds and Reading


How many actuaries are in the firm? 55 qualified and 50 students

Do you offer internships? No



Do you consider international candidates?* No

Overview

Vacancies/Application

*visa restrictions may apply


InsuranceDirectory of actuarial employers

Directory of actuarial employers | Insurance

Company Aviva plc

Address Aviva Group, St Helens, 1 Undershaft, London, EC3P 3DQ

Telephone General Enquiries 020 7283 2000

Website Careers - http://careers.aviva.co.uk/

Type of business Life, General, Accident & Health Insurance & Asset Management

How many actuarial trainee vacancies are there? Varies

What qualifications do I need? A minimum of 300 UCAS points (not including AS level or General Studies) and a 2:1 numerical based degree

How should I apply? Applications are only accepted online via the careers website http://careers.aviva.co.uk/

Closing date for applications See details in vacancy posting

Contact name for HR & applications Details available on careers website

Where are your UK vacancies? Bristol, Eastleigh, Norwich and York


How many actuaries are in the firm? Qualified – C.400; Students – C.120






Type of business Insurance, Reinsurance, Employee Benefits, Human Capital Consulting, Pensions, Investment


What qualifications do I need? 2:1 Undergraduate degree in a numerical subject

How should I apply? www.aonearlycareers.co.uk



Where are your UK vacancies? UK wide - see website for details







Company Aon

Address The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AN

Telephone 020 7623 5500

Website www.aonearlycareers.co.uk

Overview Overview





Company Canada Life Ltd

Address Canada Life Place, High Street, Potters Bar, Hertfordshire, EN6 5BA

Telephone 01707 423 075

Website www.canadalife.co.uk

Company Conduent HR Services

Address 160 Queen Victoria Street, London, EC4V 4AN

Telephone 0207 429 1000

Website www.conduent.com/hr-services

Type of business Founded in 1847, Canada Life is a wholly owned subsidiary of Great-West Lifeco Inc, one of the largest Canadian life and health insurance companies.


What qualifications do I need? Degree

How should I apply? CV & Covering Letter Standard Application Form

Closing date for applications TBC – see careers website for details


Where are your UK vacancies? Potters Bar


How many actuaries are in the firm? Approx 30 actuaries & 30 students





Type of business Consulting - our human resource services include advisory, technology and administration solutions


What qualifications do I need? 1st class or 2nd class (upper) degree as a minimum

How should I apply? Please send CV and Cover letter to [email protected]

Closing date for applications 31 December 2017

Contact name for HR & applications HR Team/ [email protected]

Where are your UK vacancies? London, Edinburgh, Manchester and Ipswich


How many actuaries are in the firm? N/A






Overview Overview





Company esure

Address Head office, The Observatory,Castlefield Road, Reigate,Surrey, RH2 0SG


Website www.esureyourcareer.com

Type of business General Insurance

How many actuarial trainee vacancies are there? Ongoing

What qualifications do I need? 2:1 minimum degree in a numerate subject

How should I apply? Via careers website – www.esureyourcareer.com

Closing date for applications Ongoing

Contact name for HR & applications Carina Barclay, Recruitment Business Partner [email protected]

Where are your UK vacancies? Reigate

Where are your worldwide vacancies? Only UK based

How many actuaries are in the firm? 6 qualified and 10 students






Company Direct Line Group

Address Churchill Court, Westmoreland Road, Bromley, BR1 1DP

Telephone 0113 292 0667

Website https://www.directlinegroupcareers.com/

Type of business General Insurance

How many actuarial trainee vacancies are there? N/A - ongoing

What qualifications do I need? 2:1 degree in a quantitative subject

How should I apply? Apply online via our careers sitehttps://www.directlinegroupcareers.com/


Contact name for HR & applications Actuarial Recruitment Team [email protected]

Where are your UK vacancies? Bromley, Kent


How many actuaries are in the firm? C.300 qualified and students





Overview Overview





Company Legal & General Group Plc

Address One Coleman Street, London, EC2R 5AA

Telephone 01273 37 4078

Website www.legalandgeneralgroup.com

Type of business Insurance company (general insurance,pensions - individual and bulk)

How many actuarial trainee vacancies are there? Approximately 20-25 per year

What qualifications do I need? An ‘A’ or above at A-Level Maths and a 2:1 or above in a numerate degree

How should I apply? See careers page for current vacancies. You can also set up a Job Alert to notify you of actuarial opportunities

Closing date for applications Runs throughout the year


Where are your UK vacancies? Hove, London, Birmingham

Where are your worldwide vacancies? Bermuda

How many actuaries are in the firm? C.230 qualified actuaries and C.100 students






Company Just

Address Vale House, Roebuck Close, Bancroft Road, Reigate, RH2 7RU


Website www.wearejust.co.uk

Type of business Life and Pensions

How many actuarial trainee vacancies are there? Ongoing

What qualifications do I need? Typically an Actuarial or Maths based degree

How should I apply? On our company recruitment site https://www.workatjust.co.uk/


Contact name for HR & applications Jonathan Wickes [email protected]

Where are your UK vacancies? Reigate, London







Overview Overview





Company LV=

Address Frizzell House, County Gates, Bournemouth, BH1 2NF

Telephone 0800 066 5331

Website www.jobs.lv.com/working-lv/actuarial

Type of business General Insurance, Life & Investments


What qualifications do I need? A degree ideally in a mathematical subject, with 2.1 minimum predicted

How should I apply? Via the LV= careers website www.jobs.lv.com opening in September 2017


Contact name for HR & applications Lucy Williams [email protected]

Where are your UK vacancies? Bournemouth

Where are your worldwide vacancies? N/A UK only







Company Lloyds Banking Group

Address 25 Gresham Street, London EC2V 7HN

Telephone 0345 300 0000

Website www.lloydsbankinggroup.com

Type of business Insurance - Life, Pensions, Investments, General Insurance

How many actuarial trainee vacancies are there? Up to 10 vacancies

What qualifications do I need? 2nd class honours degree in a numerate subject

How should I apply? Please send CV and cover letter to [email protected]

Closing date for applications Please apply before December 2017


Where are your UK vacancies? Bristol, Leeds, Edinburgh, London


How many actuaries are in the firm? 200+





Overview Overview





Company Pacific Life Re

Address Tower Bridge House, St Katharine’s Way, London, E1W 1BA

Telephone 0207 709 1700

Website www.pacificlifere.com

Type of business Life Reinsurance. We specialise in risks associated with Life Insurance, Critical Illness, Income Protection and Longevity

How many actuarial trainee vacancies are there? We are always on the look out for fresh talent

What qualifications do I need? We’re looking for Actuarial Trainees with a degree in Maths, Statistics or Actuarial Science

How should I apply? View current vacancies at www.pacificlifere.com/careers & send CV & cover letter to [email protected]

Closing date for applications Open all year



Where are your worldwide vacancies? London, Singapore, Seoul, Tokyo, Sydney, Toronto and Boston

How many actuaries are in the firm? 66 in London (inc. qualified Actuaries and students)






Company NFU Mutual

Address NFU Mutual, Tiddington Road, Stratford upon Avon, Warwickshire, CV37 7BJ

Telephone

Website www.nfumutualcareers.co.uk

Type of business General Insurance: Home, Motor, Equine, Business and FarmingLife Insurance: Life, Pensions and Investments

How many actuarial trainee vacancies are there? See website

What qualifications do I need? 2:1 or above in a degree with significant mathematical content. BBB or above at A level, including Maths

How should I apply? Search for Actuarial Trainee on the website. Sign up for job alerts or send a speculative application if it is not listed

Closing date for applications See details in the vacancy posting

Contact name for HR & applications Details available on the careers website

Where are your UK vacancies? Stratford upon Avon

Where are your worldwide vacancies? All vacancies in the UK

How many actuaries are in the firm? Approximately 20 qualified and 30 students





Overview Overview





Company SCOR SE (UK Branch)

Address 10 Lime Street, London, EC3M 7AA

Telephone 020 3207 8500

Website www.scor.com/en

Type of business A global Tier 1 independent reinsurance company

How many actuarial trainee vacancies are there? Approx. 8 each year

What qualifications do I need? Dependant on the role, however mathematical degrees are preferred

How should I apply? [email protected]


Contact name for HR & applications Debbie Fox, HR Business Partner



How many actuaries are in the firm? Approx. 60 in London






Company The Phoenix Group

Address 1 Wythall Green Way, Wythall Green,Birmingham, B47 6WG

Telephone 0203 567 9129

Website www.thephoenixgroup.com

Type of business Financial Services

How many actuarial trainee vacancies are there? C.3-4 per annum

What qualifications do I need? Dependent on role; please see relevant job advert

How should I apply? Via website

Closing date for applications As per advert

Contact name for HR & applications Helen Cooper; [email protected] Bridson; [email protected]

Where are your UK vacancies? Wythall, South Birmingham


How many actuaries are in the firm? C.70 qualified and 16 students





Overview Overview




Company Zurich Insurance plc

Address The Zurich Centre, 3000B Parkway, Whiteley, Fareham, Hampshire PO15 7JZ

Telephone 0870 522 1311

Website www.zurich.co.uk

Type of business Zurich Insurance Group is one of the world’s largest insurance groups, writing a wide range of General Insurance and Life Insurance products

How many actuarial trainee vacancies are there? Up to 10 graduates and 5 apprentices per year

What qualifications do I need? Numerate degree (predicted a 2:1 or above) and 280 UCAS (A in A-Level Maths)

How should I apply? http://zurich.co.uk/en/about-us/careers/graduates

Closing date for applications 31st December 2017

Contact name for HR & applications Zurich Resource [email protected]

Where are your UK vacancies? London, Swindon, Fareham, Farnborough and Birmingham

Where are your worldwide vacancies? Offices worldwide

How many actuaries are in the firm? C.55 actuaries, C.65 students in the UK







Company Unum

Address Milton Court, Westcott Road, Dorking, Surrey, RH4 3LU


Website www.unum.co.uk

Type of business Employee Benefits including life insurance and group risk products

How many actuarial trainee vacancies are there? Two graduate roles each year

What qualifications do I need? Graduate in numerate degree to at least 2:1 level plus A grade in A Level Mathematics

How should I apply? Via careers.unum.co.uk or via email at [email protected]


Contact name for HR & applications Graham Hill

Where are your UK vacancies? Dorking, Surrey

Where are your worldwide vacancies? Portland (Maine, USA), Chattanooga (Tennessee, USA)

How many actuaries are in the firm? C.20 actuaries in the UK





Overview Overview




Directory of actuarial employers | Public Sector

Company Government Actuary’s Department

Address Finlaison House, 15-17 Furnival Street, London, EC4A 1AB

Telephone 020 7211 2601

Website www.gov.uk/gad

Type of business GAD was established as a government department in 1919. We provide actuarial analysis for public sector clients throughout the UK and overseas.

How many actuarial trainee vacancies are there? Up to 10

What qualifications do I need? First/2:1 honours degree (or expected) in a maths subject, A-level (or equivalent) in maths at grade A

How should I apply? By emailing [email protected]

Closing date for applications See website

Contact name for HR & applications GAD Recruitment Team



How many actuaries are in the firm? C.80 actuaries, 50 trainees






Public SectorDirectory of actuarial employers

Overview

Vacancies/Application

*visa restrictions may apply


Case Studies

APR provides high-quality actuarial solutions across a wide spectrum of insurance companies and other financial institutions. These solutions take the form of interim support to clients on a range of actuarial projects, and training and consultancy services to address specific client needs. We take on only the most talented graduates and support them with extensive, in-depth and ongoing training throughout their APR career.

Location: LondonUniversity: CambridgeCourse: Mathematics

What made you choose APR? “I joined APR in autumn 2016, having spent two years following my graduation working as a maths teacher. Coming from a mathematical background, the actuarial profession was always a career I’d considered; I was attracted to APR because as a growing company with a high-calibre actuarial team, it offered excellent opportunities to develop professionally and qualify quickly.”

How did you find the application process? “The process was refreshingly quick and easy. I sent in my CV and a cover letter, and was invited to complete an online numerical test. Following this was a telephone interview with a partner of the company, and finally

an assessment centre. Compared with other recruitment routes I’d experienced, the entire process was genuinely enjoyable and confirmed to me that APR was where I wanted to launch my actuarial career.”

What makes APR different from other companies? “Two things that stand out for me at APR are the quality of training and the variety of work available. There is a real focus on personal development and through APR’s vast technical library, their graduates quickly become proficient in the skills our clients most require. This comprises of technical training courses including VBA, SQL and Excel, as well as industry knowledge modules.

The unique nature of APR’s graduate programme, where we complete short-term project placements at clients across the UK, has allowed me to get involved with a broad range of work since I joined. I began my first client project within a month of joining the company, analysing reserving data for a bulk annuity provider. Following that, I’ve spent time at APR offices developing my technical skills further and started at my second client working on a systems migration project, developing a retirement company’s actuarial projection platform. I doubt I’d have been able to gain such early exposure to different aspects of actuarial projects in a more conventional company.”

Directory of actuarial employers | Case Studies

AONFor more info:

www.aonearlycareers.co.uk

APRFor more info:

www.aprllp.com

Profile | Adam Smith

Profile | Anna Lange


Job title: Actuarial AnalystLocation: LondonPractice area: Actuarial – Pensions Consulting University: Queen Mary University of LondonCourse: Mathematics with Psychology

What attracted you to the Aon Graduate Programme? “I initially applied for the summer internship at Aon which I completed after my second year at university. I was attracted to the prospect of studying and working simultaneously. The positive climate I experienced during my internship was the determining factor in my decision to accept the graduate role.”

What have you learnt in your time at Aon? “I have gained a lot of technical knowledge in the pension field and learned what is important when monitoring the funding level of pension schemes. Furthermore I have improved my understanding of the design of different pension schemes and how we can improve and modify this whilst taking the legislation and member’s interests into account.”

What does a typical day look like for you? “I typically start my day between 8am and 9am (we have flexible working hours so this is my individual choice) and on a typical day I will spent about 8 hours working. I have

a choice to work either from home (or a regional office) or in the London office, where I have to be at least 3 days a week. Most days are split between meeting people for catch ups or delegating and being delegated work as well as desktop and some non-desktop based work. On top of that I have regular study days and occasional training days so on average I am in the office and at my desk about 50% of my weekly hours.”

What have you enjoyed most about your Graduate Programme? “It is great how many people you meet. Especially as there are so many other young people in the office it has a bit of a “back to school” feeling. You have lunch with your friends in the office and there is lots of opportunity to socialise in and out of the office. I also enjoy my free-time a lot and this might sound strange but being on a well organised graduate scheme means that when you leave the office you are actually free (apart from study periods). During university I had two part time jobs and in a way work was never ending; now I can enjoy my evenings and weekends when I leave the office.”

esure group is a UK focused personal lines insurer founded in 2000 by Sir Peter Wood, the foremost general insurance entrepreneur in the UK. We offer a range of insurance products including car, home, and travel insurance. Our insurance brands include esure and Sheila’s Wheels.

Having been awarded a five–star rating with Defaqto for its Home and Motor Insurance and with its association with ground-breaking campaigns such as the Safe Drive, Stay Alive education events for young drivers, esure has enhanced its stand-out presence in a highly competitive market place. esure’s annual results (2016) announced another year of increased in force policies and announced their mission to have 3 million in force policies by 2020.

Job title: Actuarial AnalystLocation: Reigate, SurreyPractice area: General InsuranceUniversity: Cass Business SchoolCourse: BSc Actuarial Science with Foundation and Placement

“I joined esure in September 2016, having graduated with a degree in Actuarial Science from Cass Business School. Having worked for a life insurance company during my

placement year, I was keen to explore the General Insurance sector to widen my experience.

esure appealed to me as it is a well-known insurer in the market. I was certain that I will be supported for the challenges that come with the role, but more importantly, I felt valued when I received an offer shortly after the final interview. They also provide generous study support for the actuarial exams, which includes full financial support and study days.

I work as part of the actuarial team which is mainly focussed on reserving, both on an IFRS and Solvency II basis. This involves calculating the quarterly reserves through the use of specialist modelling software and spreadsheets. The core stages of the analysis are broken into data manipulation, setting and justifying assumptions and then explain the results to the business. The fast paced nature of personal lines business means that there are always new and stimulating challenges. This provides me with endless learning opportunities.

The Actuarial team consists of the Chief Actuary, Actuarial Managers and Actuarial Students which provides the opportunity for me to learn from their experience and pass this on to new joiners. It is also essential to communicate effectively with the team and work together as a team.

Within esure there are also actuaries across other areas such as pricing and risk management. Part of the role is also to work alongside these departments which illustrate the importance of communicating efficiently. This has allowed me to be widely exposed to other areas of business.”

Job title: ActuaryLocation: LeedsPractice area: Pensions – trustee consultingUniversity: DurhamCourse: Bachelor of Mathematics

I joined Barnett Waddingham in 2009 straight from university and qualified as an actuary in 2013.

What do you enjoy most about your job? “The variety. Working as a consultant allowed me to get involved in lots of different projects from day one and as a result no two days are the same. Being able to apply the technical skills I’ve developed to solve problems for our clients and then to communicate them in an effective way is very rewarding.”

Why is Barnett Waddingham a good place to work? “I really enjoy working at Barnett Waddingham as they really care about my development and career progression. I am part of a small team (around 15 people) and I work closely with the students and partners across a variety of clients. It is exciting to be part of a growing company and there are plenty of opportunities to help drive the business forward in new areas.”

What do you find most challenging? “It is hard to adjust to working full time and studying for the exams to start with – you really need to be good at managing your time. The study support provided by Barnett Waddingham is very good and being assigned a study mentor from the beginning is a big help. Now I’ve finished the exams the hardest part of the job is keeping track of all the tasks on the go, particularly the progress of tasks I’ve delegated, to ensure there is enough time for the work to be reviewed and issued on time.”

Do you have any advice for the application process?

1. Proof read your application/CV. We have a lot of applications to whittle down so those with silly typos are often the first to go - spelling the Company name wrong is the worst mistake.

2. Do your research. Look online and if possible speak to another actuary/actuarial student to get a feel for the type of work, hot topics in the industry and the qualification process so that you can ask informed questions.

3. Be yourself. We know it’s hard to relax in an interview but we want to get to know you to see if you would fit well in our team so part of the interview process is just having a bit of a chat.”


Barnett Waddingham LLPFor more info:

www.barnett-waddingham.co.uk

esureFor more info:

www.esureyourcareer.com

Profile | Elizabeth Wise

Profile | Chun Kit Lee



EYFor more info:

www.ukcareers.ey.com

GADFor more info:

www.gov.uk/gad


Profile | Fahad Usmani

Profile | Dipak Hirani

EY’s 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 800 professional actuarial staff in the EMEIA region and 1,470 globally. 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 many of these being focussed around the key actuarial processes and techniques. The nature of consultancy promises a fast paced and engaging career.

“I joined the General Insurance practice at EY in 2015 after having graduated with a degree in MMORSE (Mathematics, Operational Research, Statistics and Economics) from the University of Warwick. A desire to expand and apply my

mathematical/statistical skills attracted me towards a career as an actuary. Additionally, joining a consultancy offered the ability to develop not only my technical skills but also valuable soft skills through regular client interaction.

Within a short time frame I have had opportunities to work on various projects including actuarial modelling and product pricing. This breadth of experience provides an opportunity to learn and understand the different areas within the actuarial domain and delivers a platform for me to specialise based on my interests. Working with a variety of clients allows each project to be unique and engaging, with no two days being the same. Being involved in every aspect of a project from start to finish and consequently being given vast responsibility provides great job satisfaction.

Moreover, EY has a strong focus on development and training and provides endless learning opportunities, from consulting skills during initial induction to insurance specific learning discussed during internal conferences held across Europe and regular office based sessions. EY also offers a unique study package allowing you to progress quickly through the exams and a great atmosphere and flexibility towards meeting your career goals.”

Government Actuary’s Department was established in 1919. Today, we provide actuarial analysis for public sector clients throughout the UK. Our analysis enables government to formulate national policy and manage public sector finances.

Job title: ActuaryLocation: Government Actuary’s Department, London University: University College LondonCourse: BSc Mathematics

“I joined GAD in 2013 after doing an undergraduate degree in Mathematics and a Master’s degree in Actuarial Science. My experience with GAD was positive right from the start; the interview felt very natural and away from the assessment I was able to spend time with a recent joiner which helped me to gain a deeper understanding of what it would be like to work at GAD and what the first few years might entail.

There is great emphasis on continued support for learning and development at GAD. While studying for my exams, I was well supported by my team and greatly assisted by the facilities that GAD have put in place for study support such as assigning a study mentor to each trainee.

After recently qualifying, I continue to receive support in developing my skills and knowledge. I feel there is a great deal of trust between actuaries and trainees at GAD and from the very beginning I was given responsibilities and offered challenging opportunities. GAD provide actuarial services across pensions, social security, insurance and investment just to name a few, and this has led to opportunities to work on projects outside of my immediate team and gain vital experience.

GAD work with some of the largest pension schemes in the country and it is incredibly rewarding to be involved in large projects from start to finish. The size of the schemes also affords the opportunity to use a wide variety of actuarial techniques as well as the opportunity to be involved in varied work. While working here, I have been able to gain first-hand experience of how various government departments interact with each other and have also been able to see how actuaries can be utilised for a wide variety of work including non-traditional areas of actuarial work.

From the beginning, I was encouraged to network with both trainees and actuaries across the organisation which proved to be a great learning experience. There is a lot of emphasis here on work life balance and there are an endless number of social events to get involved in.”

What do Hymans Robertson do? Founded in 1921, Hymans Robertson is one of the longest established independent actuarial firms in the UK. We deliver a full range of services including actuarial, investment consulting, enterprise risk management, third-party pensions administration and communications consulting. Our client base includes FTSE 100, FTSE 250, privately owned firms and financial institutions. We’re also recognised leaders in the field of public sector pension.

Job title: Trainee Actuarial ConsultantLocation: BirminghamPractice area: Actuarial and BenefitsUniversity: WarwickCourse: Master of Physics

Why be an actuary? “I was first drawn to the actuarial profession as I knew I wanted a job where I could use my applied mathematics background, in a setting that felt relevant for day to day life. When I researched careers within the finance industry the actuarial sector stood out to me because of the variety of work you can get involved in and the opportunity to work in a client-facing environment. Actuaries can work in a number of areas including pensions, insurance, life assurance, tax, executive remuneration, enterprise risk management.

I work in pensions and within this sector alone there are many different areas of work, such as defined benefit, defined contribution and investment which means that I get involved with different work each day.”

What is a typical day like for you? “My main duties are carrying out calculations for the pension schemes I support; preparing pension scheme accounts; drafting scheme documents; preparing presentations; and supporting the client with any queries they may have. I really enjoy the fact that my day is varied and can be a mix of calculations or written consulting work. There are also opportunities to attend client meetings giving me a chance to develop a different skillset.”

Do you have any advice for anyone wanting to get into the industry? “The best advice I could give to a student who wanted to become a consulting actuary would be to thoroughly research what actuaries do and build your commercial awareness by keeping up to date with financial news and regulatory changes. This will also give you something to talk about in interviews.”


Hymans Robertson LLPFor more info:

www.hymans.co.uk

L & GFor more info:

www.legalandgeneralgroup.com

Profile | Akshay Baldota


Profile | Eloise Richer

FIND THE FUTURE YOU. We’re one of the UK’s leading financial services companies. We have over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans. Our people have the ownership to create a positive future where talent thrives and ambition is fulfilled. Flexibility and real purpose are things we promise our people – all underpinned by a great culture and a performance philosophy that’s rewarded with a generous benefits package.

Job title: Actuarial AnalystPractice area: Group ProtectionUniversity: OxfordCourse: BA Physics (2:1)

“With a background in Physics, starting off on an actuarial career was not an obvious choice, but it is one that I am glad to have made. I joined Legal & General in 2015 and have been part of a Pricing team for just over a year. My work centres around investigating what premium changes should be made to our life insurance products.

As an insurance giant, Legal & General has actuarial teams in a wide variety of business areas. From Pricing, Reporting and Investments and Systems Development,

our well-developed rotations scheme allows actuarial students to gain exposure to all kinds of actuarial work. We spend roughly 18 to 24 months with each team we rotate to, which means that by the time we qualify we have received a wide range of experiences, and have a better sense of which direction we want to take our careers.

Legal & General provides an excellent study support scheme. They pay for our exams, subscription costs and study material and also allow up to 45 days a year of study leave. Working and studying at the same time can be a challenge, but alongside the salary increments on exam passes, I’ve found it satisfying to be able to apply the concepts learned to real life work situations.

Day to day work for me involves analysing data using various programming languages, discussing the findings with both my actuarial colleagues and those from the wider business, and writing reports which are used for recommending price changes to our products.

Key to my development at Legal & General has been the support of my team members who are always eager to ‘show me the ropes’, and this is a spirit that I’ve felt exists across the wider company. At the same time you’re given independence to carry out projects in your own way and take on real responsibility at an early stage.”

LCP is an award winning firm of financial, actuarial and business consultants, specialising in the areas of Pensions Actuarial, Investment, Insurance and Business Analytics and Financial Modelling. We help our clients make good decisions, based on insightful analysis, industry expertise, and game-changing technology.

Why an actuarial career? “I wasn’t sure what an actuary was until I started looking for jobs! However, once I had looked into it, I realised that it was the perfect way to use my degree in maths. Becoming a consulting actuary meant that I could benefit from a client facing role as well as analysing problems mathematically.”

Why LCP? “I first joined LCP as an intern and found the experience incredibly useful and enjoyable. During the internship I did a variety of work including individual member calculations and even had the opportunity to go to a client meeting. This was a great introduction to working as a consulting actuary and I gladly accepted the graduate position at the end of my internship.

The thing I like most about working at LCP is the people. You’ll find that everyone you work with is very supportive and always has time to answer any questions you may

have. Everyone at LCP is incredibly friendly and there is a great social committee that organises fun events throughout the year.

Another key part to becoming an actuary is doing the actuarial exams. LCP provide a generous study budget to cover the costs involved and 40 study days a year giving you plenty of time to get ready for the exams. I think starting out can be pretty daunting but at LCP you’re provided with a buddy and a study mentor so you will always have someone to help you with the process.”

Any advice to future students? “Prepare yourself for balancing work and study as they are equally important. Time management is key here, and everyone at LCP is very helpful and understanding when it comes to doing exams as they’ve all been through it themselves.

Also, don’t be afraid to ask questions. Becoming an actuary can be a steep learning curve and you’ll be surrounded by people with lots of knowledge and experience who can help you.”


Lane Clark & Pecock LLPFor more info:

https://www.lcp.uk.com/

NFU MutualFor more info:

www.nfumutualcareers.co.uk

Profile | Daniel Rogers


Profile | Nikita Dookna

Daniel joined NFU Mutual in November 2013 as an Actuarial Trainee. We asked him about his career so far and perspective on NFU Mutual.

What is your background? “I studied Maths at the University of Warwick. Before joining NFU Mutual I worked in transportation projects for 18 months at Amazon EU in Luxembourg and annuity valuation at Canada Life UK for one year.”

Do NFU Mutual support the study of actuarial exams? “Yes. You are assigned a mentor to encourage and help you through the exams. The company also give study leave and pay for exam entries and materials. The study package is regularly reviewed by the study coordinator to make sure it gives you the best chance of passing your exams.”

What have you done since joining NFU Mutual? “I started in the Services team in Life Actuarial. This was a great opportunity to gain business and product knowledge and develop my customer service skills while working with other areas of the organisation. This has helped me to become more rounded. Next I moved to the Financial Risk to work on the Life capital model for

Solvency II Pillar 1 calculations. NFU Mutual obtained “Day 1” approval from the PRA to use a partial Internal Model to calculate capital requirements, which means that the parameters and calculation of capital requirements are developed in house rather than using the Standard Formula. This developed my technical skills and applying actuarial judgement. Now I work in stress and scenario testing, which fits under Solvency II Pillar 2. This is an opportunity to look into qualitative and extreme scenarios that don’t always lend themselves well to quantitative analysis and has also given me exposure to working with the General Insurance business as well as Life. ”

What is it like working for the company? “I feel proud to be working for a company that puts their policyholders at the heart of everything they do. We’re a mutual and our high service standards have won us numerous consumer awards and recommendations. I think that NFU Mutual, being based in Stratford upon Avon, also offers a balanced lifestyle that suits me perfectly. I didn’t really want to relocate to London where a lot of actuarial roles are based so I was pleased when I found a countryside town that offers actuarial careers.”


Pacific Life ReFor more info:

www.pacificlifere.com.

RedingtonFor more info:

www.redington.co.uk

Profile | Jai Amin

Profile | Jiaxi Yang


What do we do? We are a life reinsurance company specialising in risks associated with Life Insurance, Critical Illness, Income Protection and Longevity. We work closely with our clients to create tailored products that fit with their business and their brand.

Who are our clients? Our clients are insurance or reinsurance companies looking for a new and innovative approach to taking risks.

Where do we operate? We have a global team of experts located in a variety of offices around the world: London, Singapore, Seoul, Tokyo, Sydney, Toronto and Boston.

We encourage our staff to take on new opportunities within the business whenever they occur, and are fully supportive of staff undertaking any business-relevant qualifications.

What opportunities are there? There are a huge range of opportunities to grow and develop your Actuarial career at Pacific Life Re. Jai Amin, Director, Business Development in Europe started his career with a 6 week internship and has now worked in our London office for over 10 years. During his time here, he has worked

in 3 teams: Pricing, Corporate Actuarial and Sales and Marketing. Jai has held a variety of roles and has gained a unique and very detailed understanding of the reinsurance industry. During his time here, Jai has also had the opportunity to visit our Singapore office to train members of their pricing team.

Jai has exposure to people at all levels within the company and works with people in each team on a day-to-day basis.

Why work for us? As we continue to grow, we are always looking for people who are excited by new challenges. We regularly hire trainee and graduate actuaries and we believe they are a fundamental part of bringing new ideas to the company.

We have a friendly culture in each of our offices, which encourages people to collaborate and develop – an opportunity which is unparalleled in this market.

In Jai’s own words “I’ve had some great opportunities throughout my career at Pacific Life Re – including being able to work in a variety of departments, which has given me a unique and very detailed understanding of the industry.”

For more information, please contact [email protected]

Redington is an investment consultant and trusted advisor to pension funds and other long term savings institutions. Its Investment Consulting, Manager Research and Asset & Liability Modelling (ALM) teams help leave clients feeling confident and in control of reaching their objectives.

Job title: Associate, Asset & Liability Modelling

“Our investment consultants design strategies for clients, which involves looking at their assets and liabilities and figuring out what mix would be best to minimise their deficit. I work within the ALM team to understand the liability aspect, which involves a lot of spreadsheet calculations and modelling which requires actuarial knowledge.

Day to day, we will speak to a fair amount of actuaries from other companies. We need to speak their language and understand what they do for clients.

Coming from a mathematical background, being an actuary felt like a natural path to take. The job is quite technical and involves a lot of data and mathematical modelling, which is what I studied at university.

Because Redington is not a big corporate (c.100 employees) I have additional

responsibilities which further help my understanding of actuarial concepts.

As a grad who joined three years ago, I have gained a deeper understanding of work I have carried out for clients. It has massively helped me understand the material I learned in books. Now I can actually see those ideas and concepts being applied in real life.

Redington have recently upgraded their study package; we now have 10 days of study leave for CT exams, and 26 days for CA1 exams. Redington also pay for the study materials. Each of us has a study mentor who we can seek advice from.

We also have sessions after exams so people can share their experiences; once the Head of ALM invited someone external who had recently passed a particularly challenging exam to share her experience, which was very helpful.

In terms of qualifying, there are 15 exams. It takes 4-5 years and a lot of commitment, so I have needed to adapt my lifestyle to managing work, my extra responsibilities and my studies.

Redington has a learning culture which also helps. Everyone has been very encouraging and helpful; colleagues have given me opportunities to explore. But whenever I have questions, they are very willing to help. That’s something I’ve learned; always ask questions. If you’re looking into becoming an actuary, just keep asking questions!”

Job title: Actuarial ConsultantLocation: ReigatePractice area: PensionsUniversity: DurhamCourse: Master of Mathematics

What attracted you to Willis Towers Watson? “I joined Willis Towers Watson straight from university in 2016, having completed an internship with the company the previous summer. Willis Towers Watson is a leading, global company and I was attracted to apply due to its exceptional portfolio of clients, in addition to the excellent training and study support it offers. The internship was a fantastic insight into life at Willis Towers Watson; we were continually challenged and everyone was always happy to take the time to explain work and deeper concepts to you. Experiencing the collaborative work culture and social atmosphere made it an easy decision to accept a place on the graduate programme.

Additionally, I wanted the chance to work in a large office, outside of London. The Reigate office offers the perfect opportunity to work with some of the largest pension schemes in the UK, without the need to live in a city or make a long, crowded commute. Willis Towers Watson

has offices all around the country, so there is sure to be a location that suits you!”

What type of work have you been involved in? “From my first day at Willis Towers Watson I have been working on clients that are household names, which provides a huge variety of exciting work and opportunities; it is exceptionally rewarding to contribute to complex projects for some of the largest pension schemes in the UK. Equally, I have especially enjoyed being given opportunities to take the lead on tasks and find efficiencies and solutions to help our clients.”

What training and opportunities does Willis Towers Watson offer? “In addition to a very competitive study support package, I have been really impressed with the level of internal training that is provided by Willis Towers Watson, both on the graduate scheme and beyond. As a large actuarial employer, we also have a well-established graduate programme, providing training in technical and consulting skills both within our office and on a national level, which is a great opportunity for networking. Joining a company as part of a large graduate intake, means we have a wide network to support each other. This is especially helpful when sitting the actuarial exams as there is always likely to be someone taking the same subject as you. A particular highlight is the opportunity to go on rotation or secondment to other parts of the business. The global nature of Willis Towers Watson in multiple different business areas means there are endless opportunities on offer within our company allowing you to shape your career the way you want it, working with or moving between many different teams in offices worldwide.”

Unum are one of the UK’s leading financial protection insurers; that means we sell Income Protection, Critical Illness cover and Life Insurance.

We specialise in providing Income Protection through the workplace, and are committed to helping the UK’s workforce get a back-up plan. At the end of 2015, Unum protected over 1.4 million people in the UK (including 37 of the top FTSE 100 companies) and paid claims of £294 million - representing in excess of £5.5 million a week in benefits to our customers - providing security and peace of mind to individuals and their families.

Our Head Office is based in Dorking, Surrey and we have other offices throughout the UK, we are part of a Global group with further offices in the US and Ireland.

Job title: Actuarial TraineeLocation: Dorking (Surrey)Practice area: Insurance (Pricing)University: ManchesterCourse: Master of Physics

“I was thrilled to join Unum in January 2017. The assessment centre left me with a really strong impression of Unum. Whilst the day was challenging and left me in no doubt as to the standard expected at Unum, I found

everyone personable, engaging and unique. It struck me as the place where I wanted to work.

Since then, my early impressions have been vindicated every day. I love the combination of academic and pragmatic thinking that an actuarial career affords. Working in the pricing team has been a fantastic starting point and allowed me to work closely with underwriting, reinsurance and sales – certainly a wide exposure to different perspectives on the business. My day to day work is very varied, though is typically quite analytical. A recent change to a pricing algorithm provided lots of insight into both the fundamentals of pricing and the practical challenges of implementation. On top of this is interesting ad hoc work to answer specific business questions.

Professional development is taken very seriously by Unum. As well as the generous study package, which does help to maintain a work life balance, I’ve been able to attend industry events, such as a seminar on product development. The actuarial development programme has strong links to Unum US, and I am excited to shortly fly out to Portland Maine (USA) for a team orientation.”

http://uk.linkedin.com/in/jonathan-adams

Why Unum? Unlike the largest firms out there, at Unum you would gain quick and rewarding experience across all areas of actuarial work. If you want exposure to a wide range of actuarial disciplines and to see the impact your work has then Unum is definitely the place for you.


UnumFor more info:

www.unum.co.uk

Willis Towers WatsonFor more info:

https://careers.willistowerswatson.com/students-and-graduates


Profile | Katherine Pound

Profile | Jonathan Adams

Xafinity is a market leading actuarial, pensions and employee benefit consultancy providing a full range of consulting and administration services to over 500 clients. We combine expertise, insight and technology to address the needs of both trustees and companies, specialising in pension derisking solutions.

Our actuaries are employed in the consultancy division and we recruit Graduate Actuaries each year, as it is important to our business to grow and develop this talent.

Our Graduates work alongside qualified actuaries and other actuarial students and are exposed to real client issues from the start.

Actuarial students are encouraged to study for the actuarial examinations. We will provide you with paid study leave, as well as meeting the cost of subscription, tuition courses and examinations.

Why work for Xafinity?

• Xafinity is an award winning specialist provider of pensions and employee benefits expertise

• Our intensive training is designed to enhance your potential for the long term

• The study package is generous and has the flexibility for you to progress through the exams at your own pace and we offer support and encouragement at every stage

Job title: Actuarial AssistantLocation: ReadingPractice area: PensionsUniversity: Brunel UniversityCourse: BSc Mathematics

“My target following university was to find a career where I could apply the mathematics I had learned. I had experienced working in finance through an IFA’s graduate programme and enjoyed this work. However, I found I wanted to be involved in more in-depth mathematical calculations within finance and pensions. This led me to joining the actuarial profession.

I applied to multiple actuarial firms but was convinced to join Xafinity by the assessment centre. It was unique in that it lasted two days including an evening dinner which provided a great opportunity to meet the other candidates and current Xafinity staff in a more informal setting. The friendly and encouraging atmosphere gave me an insight into what it would be like to work at Xafinity.

It was important to me that I had the time outside of work to pursue hobbies that I enjoy. This is encouraged at Xafinity through a large number of sports and social events and also the generous study package provided. This allows for a good balance between work and study.”


XafinityFor more info:

www.xafinity.com

Profile | Luke Withey

64 Institute and Faculty of Actuaries www.actuaries.org.uk 65Risk. Reinsurance. Human Resources.

At Aon, we draw on the expertise of over 66,000 people to help the biggest names in business plan for every eventuality.

Our size, global network and emphasis on innovation mean where we lead, the industry follows.

We have apprenticeship, intern and graduate opportunities so if you’re looking for a way to kick-start your career don’t leave it to chance. Visit aonearlycareers.co.uk to find out more.

Opportunities available in:

Actuarial Consulting – Pensions

Actuarial Consulting – General Insurance

Investment Consulting

Insurance, Reinsurance and Risk Management

Health & Benefits Broking and Consulting

Global Risk Consulting – Captive Solutions

Human Capital Consulting

KICK-STARTCAREER

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your

Few things are certain in life. Economic upheaval, political crises, natural disasters – and plenty more besides – all mean the world can be full of surprises.

Aon UK Limited is authorised and regulated by the Financial Conduct Authority.

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Directory of actuarial employers |


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MAKE THE NUMBERS MEAN MORE

ACTUARIAL OPPORTUNITIES

NUMBERS ALONE AREN’T IMPORTANT. The futures you’ll secure with them are.

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Together, we unlock potential.

Willis Towers Watson is a leading global professional services company. Our colleagues work together to help the world’s largest multinational corporations tackle their key people, benefit and risk issues.

We have a wide variety of exciting Actuarial graduate career opportunities within Pensions, Software Development, Insurance and Investment consulting. At Willis Towers Watson, we know our people are inspired and motivated. In return for this great work, we offer highly competitive rewards. As a graduate, you will have immediate exposure to actual client assignments that will challenge your creativity as well as develop your analytical skills.

Thanks to our diverse service offerings, complex and challenging assignments, broad network of colleagues and global reach, we work together to exceed our client expectations and surpass yours.

careers.willistowerswatson.com/ students-and-graduates

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01737 284 966

willistowerswatson.com

Email: [email protected]

www.actuaries.org.uk/become-actuary

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Directory of employers - TARGETjobs · 2017-09-21 · Directory of actuarial employers | Consultancy Company Aon Address The Aon Centre, The Leadenhall Building, 122 Leadenhall Street,