What is an Actuarial Apprentice?
To answer this question, it is perhaps important to explain the role of an actuary. Actuaries help businesses and organisations assess and manage their risks in such traditional fields as insurance and pensions or emerging fields such as climate change. They use mathematical skills to measure the probability and risk of future events and the potential financial impact on a business and/or individuals. Actuarial teams, including actuarial apprentices, analyse data, build mathematical models to evaluate financial risks and communicate the output to non-specialists.
What would the job entail?
Atkin & Co is a pensions consultancy business and so your role would be working with our pensions actuaries who advise trustees and companies on the management of their pension schemes, assessing the amount of money required to fund promised pension benefits and helping clients to understand and manage the risks they face.
You would have the opportunity to work in all aspects of pensions. As we have a flat management structure you would be working with actuaries and other senior members of staff from day one on a range of tasks such as:
- The provision of accurate actuarial calculations
- Preparing, checking and analysing data, carrying out audit trails and providing project support
- Assisting in the production of formal advice reports for our clients
As a small firm, we believe in the importance of establishing knowledge of all areas of our business and so you would also be providing assistance to our other teams, in particular to our pension's administration business.
Training and Development.
As an actuarial apprentice, you will be expected to study towards the Certified Actuarial Analyst Qualification. You can find more information on this qualification at www.actuaries.org.uk.
In addition, you will benefit from:
- Learning quickly on the job, through formal training and from senior colleagues around you
- A mentor, an experienced colleague who you can talk to about career guidance and exam progression
- A line manager available to help and support you in the early years of your career and beyond
For an individual who performs strongly in the first few years, you could be given the option to study towards the FIA qualifications (a higher tier qualification normally offered at graduate level).
Please ensure that you apply for the position as soon as possible to avoid disappointment. The closing date is a rough guideline as to when an advert will close. The advert may close before the given closing date if the employer has filled the position(s).
BPP have a dedicated team who support students with disabilities, learning difficulties, health conditions and wellbeing. – Please contact us at firstname.lastname@example.org if you have any queries or would like more information.
Other skills to demonstrate include:
- Excellent communication skills, both verbal and written
- Strong analytical and problem-solving ability
- Good time management skills to help deliver against tight deadlines
- Ability to manage working whilst studying for qualifications
- A team player
- Proficient in the use of Microsoft Outlook, Excel, PowerPoint and Word although training can be given if required
- To be an actuarial apprentice, you will need to be highly numerate and have a love of maths!
- The actuarial industry is also highly competitive so you must have a desire to work hard and go the extra mile
- Obtained or predicted three A-levels (or equivalent) at grade C or above with a minimum of a grade B in maths
- You should have passed 5 GCSEs (or equivalent) at grade 4 or above including maths and English
As an Actuarial Apprentice with BPP, you will complete the Actuarial Technician Level 4 Higher Apprenticeship. Upon successful completion of this Apprenticeship you will achieve CAA Modules 0 and 1 and it will provide a progression route into study for further actuarial qualifications.