UK GRADUATES

Actuarial trainee

The role

Actuarial trainee's work with a diverse range of clients advising on the design, funding, administration and communication of all types of retirement plans and help our clients manage a variety of benefit plan related risks. You will work as part of a team supporting more experienced consultants in driving forward the shape of future pension provisions and delivering innovative solutions to our clients, whether it be via “defined benefit” or “defined contribution” pension arrangements.

Professional qualifications

Actuarial trainee's study towards completing the actuarial qualification. To become an actuary you need to complete a total of 15 exams and a paper. Core topics include statistical modelling, economics, financial and actuarial mathematics, together with the established areas of actuarial work in investment, finance and asset management, life assurance, general insurance, pensions and employee benefits. Exemptions from some examinations are possible depending on your degree course. It can take between three to six years to qualify.

Requirements

You’ll need a minimum of 320 UCAS obtained in three subjects including mathematics at a B grade or above and a 2.1 honours degree expected or obtained in a numerical or semi numerical degree discipline. Equivalent qualifications are accepted.