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Actuarial Careers Guide www.actuaries.org.uk/become-actuary Institute and Faculty of Actuaries 1
We’ve put together this directory to showcase some of the with them to find out how to apply, or speak to your university or school careers
businesses you could work for as an actuarial professional service. Finally, you can get a head start by joining the IFoA. We’ll keep you
updated about the industry and the opportunities as you begin your search.
and to help you get more from maths. Check out the
businesses and the young people who work for them to International Candidates
get the inside track on what life as an actuary or actuarial If you are a candidate residing outside of the UK then you can still use this directory
analyst really looks like. It’s more challenging, more varied to look for jobs, work experience or internships. There are many employers with
and more rewarding than you could ever have imagined. offices all over the world – these are outlined in the section on each company profile
that says “Worldwide vacancies”.
What do actuaries and actuarial analysts do?
For the employers in this directory, if you wish to work in the UK you will (usually)
Actuaries and analysts are people who’ve turned their love of numbers into a
require a Tier 2 visa. This cannot be provided by you or the IFoA; it will need to
rewarding and challenging career. They are business professionals who assess the
be provided by the employer you wish to seek employment with.
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 There are opportunities for international candidates in the UK. If an employer takes
future events. on candidates from outside the UK then they will say ‘yes’ in the section that says
‘We consider international candidates’.
Their advice is essential to many industries, including banking and investments,
insurance, healthcare and pensions, where a single decision can have a major If you have any questions with regards to the visa process in your job hunt, then
financial impact or affect the lives of hundreds of thousands of people. It’s a please contact the recruitment team of the company you are seeking employment
vital role with a lot of responsibility. That’s why actuaries and analysts are so highly with or the university that you are studying at.
regarded, sought after and rewarded. If you wish to speak to someone in the country that you reside in, then please
contact the Careers Team at careers@actuaries.org.uk to speak to a
IF YOU’RE a GRADUATE
Career Ambassador.
What qualifications will you need? IF YOU’RE a SCHOOL LEAVER
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. There’s plenty of opportunity in this exciting profession for those who aren’t planning
Once you’ve joined a firm, like one of those included in this directory, you’ll continue on university. You’ll need a good A level in maths and a love for all things numerate!
to develop your skills and knowledge and sit our professional exams. This usually
To find out more, skip to page 64 and check out our
takes between three and six years.
apprenticeships section.
Where to start
Please note that this is a paid for document. The list of employers featured in
Work placements are invaluable if you are to gain a real understanding of the
this careers guide is not a comprehensive list, there will be other companies who
role of an actuary in deciding whether it’s the right career for you. Some of the
employ actuaries in the UK and globally.
companies covered in the following pages offer work placements so do get in touch
2 www.actuaries.org.uk Institute and Faculty of Actuaries 3
MAKING THE GRADE TO
Finding your graduate role
Once you’ve completed university, you will need to secure your graduate
BECOME AN ACTUARY actuarial trainee job. There are many ways that you can look to increase your
chances of securing a job, from gaining work experience, joining a society
There’s no escaping the fact that becoming an actuary is or club at university and increasing the amount you use your skills – from
technical (excel functionality, working in a office) to soft skills (such as
challenging academically. You must be bright, determined
communication, leadership and teamwork).
and ready to work hard.
Actuarial Higher Apprenticeship
Take a look at our case studies and you’ll see that, despite the dedication required,
Alternatively, in the UK, new for 2018, is the Actuarial Higher Level
it’s well worth it. But let’s consider, in detail, the steps you have to take and the
Apprenticeship as a professional career route.
challenges you’ll face along the way.
By undertaking this apprenticeship you will gain formal training alongside
Your university course
studying for our exams, including fulfilling the Personal Professional
When deciding on your university course, there is a lot to consider. Development (PPD) requirements.
Choose a course that is going to fulfil you, that will help you gain a 2:1 or First Class The apprenticeship will typically last for 3.5 years if you don’t have any
degree that employers will require from you, and consider the following: exemptions, but will reduce by six months for every two subject exemptions.
• Are the modules interesting and going to add value to your career hunt? You can find out more about Actuarial Higher Apprenticeships at
www.actuaries.org.uk
• Do you want a course that offers a work placement?
• If you’re set on becoming an actuary, have you considered looking at universities Have a look through this guide to see some of the
that hold accreditations with us? featured employers who offer graduate training schemes
Plus much, much more! and Actuarial Higher Level Apprenticeships.
Picking your degree course can be challenging. For the actuarial profession you can
consider courses like actuarial science or maths, but really anything numerical is ideal.
It’s worth noting that employers will consider candidates with degrees outside of
these, but if you do this, then your maths A level will be key to getting ahead.
Also remember that there’s more to university than preparing yourself for the
first job. It’s about preparing yourself for the rest of your life. So it’s important
to choose a subject which you’ll enjoy and that you feel will be personally
enriching. Studying a subject that you enjoy will also help you achieve the
2:1 or First that employers need.
4 www.actuaries.org.uk Institute and Faculty of Actuaries 5
MAKING THE GRADE TO
through a combination of work-based training and studying for professional exams.
Apprenticeships will typically last for 2 – 3 years, but this is dependent on your
BECOME AN ANALYST previous experience, your individual progression rate and access to opportunities to
gain the full range of competencies.
You can find out more at www.actuaries.org.uk/become-actuary/actuarial-
With an apprenticeship you can go from school into a apprenticeships
career in finance or business to working for some of the
Finding an apprenticeship
world’s top employers, earning whilst you’re learning.
You can find information about companies that offer apprenticeships and information
on how an apprenticeship can work for you on our website – www.actuaries.org.uk/
To become an analyst you must be highly numerate, logical become-actuary/actuarial-apprenticeships
and wanting to develop a career in areas that are widely It would be worth contacting companies directly to find out about their individual
anticipated to be in high demand in the future – these schemes, as specifics such as salary, qualifications and requirements may all be
different.
include finance, data analysis, coding and modelling.
The apprenticeship schemes will be competitive as they are very new in our industry
Schemes so ensure that you have the grades companies are looking for, get some work
experience and work on your CV and cover letters.
There are two routes that are available for you to choose from – either taking the
Certified Actuarial Analyst (CAA) qualification or embarking on an apprenticeship. Have a look through this guide which features some of the
It will be the decision of the company that you apply for to decide what route you
take. Both are incredibly beneficial and will take you on your journey to becoming an employers who offer apprenticeship schemes.
actuarial professional.
CAA Global
The Certified Actuarial Analyst (CAA) is an internationally recognised professional
qualification offered by CAA Global. It is a joint venture between two of the largest
global actuarial societies, the IFoA and the US Society of Actuaries (SOA).
Once you’ve qualified, you will be certified and recognised as a professional analyst.
This will give you the edge in the job market and the skills to add value once you’re
hired.
You can find out more at www.caa-global.org
Actuarial Technician Apprenticeships
The actuarial technician apprenticeship is an entry-level role into the industry. As an
apprentice, you will work as part of a team, supporting qualified actuaries using data
to provide solutions for clients.
The apprenticeship will develop your key business knowledge, skills and behaviors,
including servicing clients and supporting the advice given by qualified actuaries,
6 www.actuaries.org.uk Institute and Faculty of Actuaries 7
Contents
GRADUATE Canada Life 31 A number of actuarial employers have • Government Actuary’s Department
esure 32 been accredited with the QAS mark. • H&C Consulting Actuaries LLP
Introduction 2
Hiscox 33 This is a mark of approval provided • Hughes Price Walker Limited
Making the grade 4 by the IFoA to organisations that
Just. 34 • Hymans Robertson LLP – Investment,
Contents 8 meet our criteria. Amongst other
Legal & General Group Plc 35 Actuarial Benefits and Consultancy, Risk
factors, a QAS accredited employer
Quality Assurance Scheme 9 Lloyds Banking Group 36 Modelling and Consulting practices
has been independently assessed
NFU Mutual 37 • JLT Benefit Solutions – Trustee,
Employer Listings 10 as demonstrating commitment to
Corporate and Investment Consulting
Pacific Life Re 38 providing a working environment that
Consultancy 10 divisions
Unum 39 supports employees in meeting their
Aon 12 professional obligations and supporting • Lane Clark & Peacock LLP
Zurich 40
APR 13 and facilitating the development and • Mazars LLP
Public Sector 42 training of employees at all stages of • Mercer Limited
Barnett Waddingham 14
Government Actuary’s Department 43 their career. • Milliman LLP & Milliman Financial
EY 15
Strategies Limited – Life & Financial
First Actuarial 16 Case studies 44 Firms accredited*:
Services Consulting; Property & Casualty
Grant Thornton 17 • Actuarial Partners Consulting Sdn Bhd Insurance Consulting; Health Consulting;
Hymans Robertson 18 SCHOOL LEAVER (Group Actuarial department) and Financial Risk Management
KPMG 19 • AIA Group Limited (Group Actuarial practices
Be one of us 70
LCP 20 function) • Mitchell Consulting Actuaries Limited
Where you’ll be 72 • Aon Hewitt Limited - Retirement &
Milliman 21 • OAC plc - Professional Services
Redington 22 Employer Listings 73 Investment Consulting Business
• Pensions and Actuarial Services Limited
River and Mercantile Group 23 Aon 74 • Aon Singapore Center for Innovation,
• Premier Pensions Management Limited –
Strategy & Management Pte Ltd
Willis Towers Watson 24 APR 75 Actuarial Function
• Atkins Trustees Limited (trading as Atkin
Insurance 26 Legal & General Group Plc 76 • P-Solve Investments Limited – River and
& Co)
Willis Towers Watson 77 Mercantile Derivatives division
Aon 28 • Barnett Waddingham LLP
• Punter Southall Limited & Punter
Aviva Plc 29 Case Studies 78 • BBS Consultants and Actuaries Limited Southall Investment Consulting Limited
AXA 30 • Buck Consultants Ltd • Quantum Actuarial LLP
• Capita Employee Benefits Limited & • Quattro Pensions Consulting Limited
Capita Employee Benefits (Consulting)
• Redington Limited
Limited
• Spence and Partners Limited
• Cartwright Group Limited (actuarial
• Steve Dixon Associates llp
services)
• Thomson Dickson Consulting Limited
• Censeo Actuaries & Consultants Limited
• Towers Watson Limited
• Deloitte LLP, Deloitte MCS Limited and
Deloitte Total Reward & Benefits Limited • Towers Watson Singapore Pte
– Actuarial, Reward and Analytics Limited,Towers Watson (Malaysia),
Please note that this is a paid for document. The list
of employers featured in this careers guide is not a Function Towers Watson Hong Kong Limited
comprehensive list, there will be other companies • Exactval Limited To find out more visit
who employ actuaries or analysts in the UK and globally. www.actuaries.org.uk/QAS
• First Actuarial LLP
*List current at time of publishing
8 www.actuaries.org.uk Institute and Faculty of Actuaries 9
IN DEMAND
Can you picture yourself working in
artificial intelligence, manufacturing,
entertainment or banking?
Find out more about the organisations
that rely on actuaries to bring their
most exciting and challenging
projects to life.
10 www.actuaries.org.uk Institute and Faculty of Actuaries 11
Actuarial Careers Guide
Company Aon Company APR LLP
Address The Aon Centre, The Leadenhall Address Garden Studios, 71-75 Shelton
Building, 122 Leadenhall Street, Street, Covent Garden, London,
London, EC3V 4AN WC2H 9JQ
Telephone 020 7623 5500 Telephone 01235 821160
Website aonearlycareers.co.uk Website aprllp.com
Overview Overview
Type of business Insurance, Reinsurance, Employee Benefits, Type of business Consultancy - mainly in life insurance, with
Human Capital Consulting, Pensions, some general insurance and pensions as well
Investment as wider fields such as data analytics
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 30 How many actuarial trainee vacancies are there? 4–6
What qualifications do I need? 2:1 Undergraduate degree in a numerical What qualifications do I need? Min 2:1 degree (any discipline); 340 UCAS points
subject inc 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 January 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
Additional information Additional information
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 offer internships? Yes Do you offer internships? Insight weeks only
Do you offer sandwich placements? Yes Do you offer sandwich placements? No
Do you offer work experience? No Do you offer work experience? No
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
12 www.actuaries.org.uk Institute and Faculty of Actuaries 13
Actuarial Careers Guide
Company Barnett Waddingham Company EY
Address Cheapside House, 138 Cheapside Address UK headquarters:
London, EC2V 6BW 1 More London Place
London SE1 2AF
Telephone 03331 111222 Telephone 0800 289 208
Website barnett-waddingham.co.uk Website ukcareers.ey.com
Overview Overview
Type of business Financial Services Type of business Actuarial Services, Human Resource
Consulting
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 30 How many actuarial trainee vacancies are there? c. 20
What qualifications do I need? 2:1 degree, A at A level Maths and 300 UCAS What qualifications do I need? Minimum A for Maths A level (Pure or Applied)
points and studying or already have an honours degree
How should I apply? Online applications via our careers website How should I apply? Applications online via ukcareers.ey.com
Closing date for applications 15th November 2018 Closing date for applications We encourage early applications
Contact name for HR & applications Ruth Hollick Contact name for HR & applications Please visit our website or call our recruitment
telephone number above
Additional information Additional information
Where are your UK vacancies? London, Amersham, Bristol, Glasgow, Leeds, Where are your UK vacancies? Bristol, Edinburgh, Leeds, London
Liverpool, Cheltenham, Bromsgrove
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? UK only
How many actuaries are in the firm? 137 How many actuaries are in the firm? 1350+ actuaries worldwide inc c. 200 in the UK
Do you offer internships? Yes Do you offer internships? Yes, Summer Internship Placements
Do you offer sandwich placements? No Do you offer sandwich placements? No
Do you offer work experience? Yes Do you offer work experience? No
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
14 www.actuaries.org.uk Institute and Faculty of Actuaries 15
Actuarial Careers Guide
Company First Actuarial LLP Company Grant Thornton UK LLP
Address Mayesbrook House, Lawnswood Address 30 Finsbury Square
Business Park, Leeds, LS16 6QY London, EC2P 2YU
Telephone 0161 348 7400 Telephone 020 7383 5100
Website firstactuarial.co.uk Website grantthornton.co.uk
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
https://trainees.grant-thornton.co.uk/
Closing date for applications See website for details Closing date for applications Rolling basis between September & November
Contact name for HR & applications hrhelpdesk@firstactuarial.co.uk Contact name for HR & applications Trainee Recruitment -
traineerecruitment@uk.gt.com
Additional information Additional information
Where are your UK vacancies? Basingstoke, Leeds, Manchester, Peterborough Where are your UK vacancies? London
and Tonbridge
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? UK only
How many actuaries are in the firm? 51 Qualified, 58 Trainees How many actuaries are in the firm? 23 qualified, 18 students in the UK
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? No Do you offer sandwich placements? No
Do you offer work experience? No Do you offer work experience? No
Do you consider international candidates?* No Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
16 www.actuaries.org.uk Institute and Faculty of Actuaries 17
Actuarial Careers Guide
Company Hymans Robertson LLP Company KPMG LLP
Address One London Wall Address 15 Canada Square
London EC2Y 5EA Canary Wharf, London
E14 5GL
Telephone 020 7082 6000 Telephone 020 7311 1000
Website hymans.co.uk Website kpmg.com/uk/en/careers
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? 15 – 20 per year How many actuarial trainee vacancies are there? Approximately 20
What qualifications do I need? Min 2:1 honours degree in any discipline. Please What qualifications do I need? See our website for more information
visit hymanscareers.co.uk for more details
How should I apply? Online at hymanscareers.co.uk How should I apply? Online at www.kpmgcareers.co.uk
Closing date for applications See website for more: hymanscareers.co.uk Closing date for applications Recruitment is on a rolling basis
Contact name for HR & applications Heather McCrae (Grads) or Laura Tarbet Contact name for HR & applications Please visit our website or email our
(Interns) recruitment@hymans.co.uk recruitment team graduate@kpmg.co.uk
Additional information Additional information
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? UK only Where are your worldwide vacancies? UK only
How many actuaries are in the firm? 120+ qualified actuaries How many actuaries are in the firm? 200+ in the UK
Do you offer internships? Yes Do you offer internships? Yes
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
18 www.actuaries.org.uk Institute and Faculty of Actuaries 19Actuarial Careers Guide
Company LCP Company Milliman LLP
Address 95 Wigmore Street Address 11 Old Jewry, London, EC2R 8DU
London, W1U 1DQ
Telephone 020 7439 2266 Telephone 020 7847 1500
Website lcp.uk.com Website uk.milliman.com
Overview Overview
Type of business Actuarial Consultancy Type of business Actuarial consulting
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? c. 30 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? At least 2:1 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 16 November 2018 Closing date for applications See careers.milliman.com
Contact name for HR & applications Jan Rydell Contact name for HR & applications Anna Pelc
Additional information Additional information
Where are your UK vacancies? London and Winchester Where are your UK vacancies? See careers.milliman.com
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? See careers.milliman.com
How many actuaries are in the firm? 162 qualified actuaries and 90 trainee actuaries How many actuaries are in the firm? 60 in the UK
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? No Do you offer sandwich placements? No
Do you offer work experience? No 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
20 www.actuaries.org.uk Institute and Faculty of Actuaries 21Actuarial Careers Guide
Company Redington Limited Company River and Mercantile Group
Address Floor 6, One Angel Court Address 11 Strand, London, WC2N 5HR
London, EC2R 7HJ
Telephone 020 7250 3331 Telephone 020 3327 5100
Website redington.co.uk Website riverandmercantile.com/Home
Overview Overview
Type of business Redington is an independent and employee- Type of business Investment Consulting and Fiduciary
owned investment consultant to pension Management
funds and other long term savings institutions.
Redington advises over 60 clients
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 a finance, economics or
degree or equivalent Maths based degree/qualification
How should I apply? On line 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
Additional information Additional information
Where are your UK vacancies? City of London Where are your UK vacancies? London
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? UK only
How many actuaries are in the firm? 6 Qualified and 7 Students How many actuaries are in the firm? 25
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? No Do you offer sandwich placements? Yes
Do you offer work experience? No 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
22 www.actuaries.org.uk Institute and Faculty of Actuaries 23Actuarial Careers Guide
Company Willis Towers Watson
Address Watson House, London Road
Reigate, RH2 9PQ
Telephone 01737 284 966
CHECK
Website careers.willistowerswatson.com
/students-graduates/welcome/
Overview
Type of business Professional/Financial Services
OUT
Vacancies/Application
OUR
How many actuarial trainee vacancies are there? c. 100
FREE
WEB
What qualifications do I need? Minimum 2:1 degree and A level Maths: at least
B
How should I apply? https://careers.willistowerswatson.com/stu-
APP
dents-graduates/welcome/
Closing date for applications Please see our website for further information
Contact name for HR & applications Campus Recruitment Team
Additional information
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
How many actuaries are in the firm? c. 400
Do you offer internships? Yes
Do you offer sandwich placements? No
Do you offer work experience?
Do you consider international candidates?*
No
Yes
morethanmathsapp.com
*visa restrictions may apply
24 www.actuaries.org.uk Institute and Faculty of Actuaries 25REWARDED
It’s not all about the money
(although it’s great to know you’ll
be a high earner) so take a look at
the opportunities.
26 www.actuaries.org.uk Institute and Faculty of Actuaries 27Actuarial Careers Guide
Company Aon Company Aviva plc
Address The Aon Centre, The Leadenhall Address St Helens, 1 Undershaft
Building, 122 Leadenhall Street, London, EC3P 3DQ
London, EC3V 4AN
Telephone 020 7623 5500 Telephone 020 7283 2000
Website aonearlycareers.co.uk Website aviva.com
Overview Overview
Type of business Insurance, Reinsurance, Employee Benefits, Type of business Insurance and Savings
Human Capital Consulting, Pensions,
Investment
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? 30 How many actuarial trainee vacancies are there? 6 – 10
What qualifications do I need? 2:1 Undergraduate degree in a numerical What qualifications do I need? A min of 120 UCAS points (300 on the past
subject system). A min of 2:1 in a numerate degree
How should I apply? Online via aonearlycareers.co.uk How should I apply? Applications will only be accepted online via
our careers website – careers.aviva.co.uk
Closing date for applications January 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
Professional Development Consultant
Additional information Additional information
Where are your UK vacancies? UK wide - see website for details Where are your UK vacancies? Our main UK Actuarial hubs are Bristol,
Eastleigh, Norwich and York
Where are your worldwide vacancies? N/A Where are your worldwide vacancies? Please refer to our careers website –
http://careers.aviva.co.uk/
How many actuaries are in the firm? c. 400 How many actuaries are in the firm? Approx 110 trainees and 300 qualified
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? Yes Do you offer sandwich placements? Yes
Do you offer work experience? No Do you offer work experience? No
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
28 www.actuaries.org.uk Institute and Faculty of Actuaries 29Actuarial Careers Guide
Company AXA UK Company Canada Life Ltd
Address Brooke Lawrance House, Address Canada Life Place
Ipswich, IP1 2AN High Street, Potters Bar,
Hertfordshire EN6 5BA
Telephone 01473 212422 Telephone 01707 423 075
Website axa.co.uk Website canadalife.co.uk
Overview Overview
Type of business General Insurance, Health 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
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? Varies How many actuarial trainee vacancies are there? 2
What qualifications do I need? A 2:1 degree, ideally in a numerical subject, What qualifications do I need? Degree
together with an A in Maths A level
How should I apply? Please see website for current vacancies How should I apply? Careers section at canadalife.co.uk regularly.
jobs.axa.co.uk Recruitment begins around March annually
Closing date for applications Via site once grad programme opens in Sept/Oct Closing date for applications See website
Contact name for HR & applications Phyl Pound Contact name for HR & applications N/A
Additional information Additional information
Where are your UK vacancies? Ipswich Where are your UK vacancies? Potters Bar
Where are your worldwide vacancies? Please see website Where are your worldwide vacancies? N/A
How many actuaries are in the firm? c. 75 Actuaries and students How many actuaries are in the firm? Approx 40 actuaries & 40 students
Do you offer internships? Yes Do you offer internships? No
Do you offer sandwich placements? No Do you offer sandwich placements? No
Do you offer work experience? No Do you offer work experience? No
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
30 www.actuaries.org.uk Institute and Faculty of Actuaries 31Actuarial Careers Guide
Company esure Company Hiscox
Address Head Office, The Observatory, Address 1 Great St Helens
Castlefield Road, Reigate, London, EC3A 6HX
Surrey, RH2 0SG
Telephone 01737 641024 Telephone N/A
Website esureyourcareer.com Website hiscox.com
Overview Overview
Type of business General Insurance Type of business Insurance
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? Varies How many actuarial trainee vacancies are there? 3
What qualifications do I need? 2:1 minimum degree in a numerate subject What qualifications do I need? We are open to a range of qualifications but
particularly with a Maths background
How should I apply? Via careers website – How should I apply? Please check our careers website
esureyourcareer.com
Closing date for applications Ongoing Closing date for applications Please see website
Contact name for HR & applications Carina Barclay, Recruitment Business Partner Contact name for HR & applications Recruitment team - recruitment@hiscox.com
carina.barclay@esure.com
Additional information Additional information
Where are your UK vacancies? Actuarial team based in Reigate but also have Where are your UK vacancies? London
offices in Glasgow and Manchester
Where are your worldwide vacancies? Only UK based Where are your worldwide vacancies? UK only
How many actuaries are in the firm? 6 qualified and 10 students How many actuaries are in the firm? 50
Do you offer internships? No Do you offer internships? Yes
Do you offer sandwich placements? No Do you offer sandwich placements? Yes
Do you offer work experience? No Do you offer work experience? Yes
Do you consider international candidates?* Yes Do you consider international candidates?* No
*visa restrictions may apply *visa restrictions may apply
32 www.actuaries.org.uk Institute and Faculty of Actuaries 33Actuarial Careers Guide
Company Just. Company Legal & General Resources Ltd
Address Vale House, Roebuck Close, Ban- Address One Coleman Street
croft Road, Reigate, RH2 7RU London, EC2R 5AA
Telephone 01737 233 001 Telephone 01273 37 4078
Website wearejust.co.uk Website legalandgeneral.com
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 - www.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 Contact name for HR & applications natascia.fileppi@landg.com
recruitment@wearejust.co.uk
Additional information Additional information
Where are your UK vacancies? Reigate and London Where are your UK vacancies? London, Hove and 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 & 40 Students How many actuaries are in the firm? 250+
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? No Do you offer sandwich placements? Yes
Do you offer work experience? No 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
34 www.actuaries.org.uk Institute and Faculty of Actuaries 35Actuarial Careers Guide
Company Lloyds Banking Group Company NFU Mutual
Address 25 Gresham Street, London, Address NFU Mutual, Tiddington Road,
EC2V 7HN Stratford-upon-Avon, Warwickshire,
CV37 7BJ
Telephone 0345 300 0000 Telephone Contact online - Careers website
Website lloydsbankinggroup.com Website nfumutualcareers.co.uk
Overview Overview
Type of business Insurance – Life, Pensions, Investments, Type of business Composite insurer providing a diverse range
General Insurance of General Insurance and Life Insurance
products
Vacancies/Application Vacancies/Application
How many actuarial trainee vacancies are there? Varies How many actuarial trainee vacancies are there? Details provided when applications open
What qualifications do I need? 2nd class honours degree in a numerate subject What qualifications do I need? 2:1 or above in a numerate degree. 3 A levels at
grade B or above, including Maths
How should I apply? Apply here: How should I apply? Send a speculative application on our careers
lloydsbankinggrouptalent.com/graduates/ website
Closing date for applications Various dates Closing date for applications Details provided when applications open
Contact name for HR & applications Graduates roles email: ActuarialGraduate. Contact name for HR & applications See our careers website for details
Recruitment@scottishwidows.co.uk
Additional information Additional information
Where are your UK vacancies? Bristol, Leeds, Edinburgh, London Where are your UK vacancies? Stratford-upon-Avon
Where are your worldwide vacancies? UK only Where are your worldwide vacancies? All vacancies are in the UK
How many actuaries are in the firm? 200+ How many actuaries are in the firm? Approximately 20 qualified and 30 students
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? Yes Do you offer sandwich placements? Yes
Do you offer work experience? No Do you offer work experience? No
Do you consider international candidates?* Yes Do you consider international candidates?* Yes
*visa restrictions may apply *visa restrictions may apply
36 www.actuaries.org.uk Institute and Faculty of Actuaries 37Actuarial Careers Guide
Company Pacific Life Re Company UNUM
Address Tower Bridge House, St Katharine’s Address Milton Court, Westcott Road,
Way, London, E1W 1BA Dorking, Surrey, RH4 3LU
Telephone 0207 709 1700 Telephone 01306 887766
Website pacificlifere.com Website unum.co.uk
Overview Overview
Type of business Life Reinsurance. We specialise in risks Type of business Employee Benefits including life insurance and
associated with Life Insurance, Critical Illness, group risk products
Income Protection, Longevity & Hospital Cash
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? At least two graduate roles each year
What qualifications do I need? We’re looking for actuarial trainees with a What qualifications do I need? Graduate in numerate degree to at least 2:1 level
degree in Maths, Statistics or Actuarial Science plus A grade in A level Mathematics
How should I apply? Via the careers page on our website How should I apply? Via
pacificlifere.com careers.unum.co.uk/working-unum/actuarial
Closing date for applications Please see individual job vacancies Closing date for applications N/A
Contact name for HR & applications Francesca Rudwick Contact name for HR & applications Graham Hill
Additional information Additional information
Where are your UK vacancies? London Where are your UK vacancies? Dorking, Surrey
Where are your worldwide vacancies? Singapore, Toronto and Sydney Where are your worldwide vacancies? Portland (Maine, USA), Chattanooga
(Tennessee, USA) and Dorking (Surrey, UK)
How many actuaries are in the firm? Lots! How many actuaries are in the firm? c. 50
Do you offer internships? Yes Do you offer internships? Yes
Do you offer sandwich placements? Yes Do you offer sandwich placements? No
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
38 www.actuaries.org.uk Institute and Faculty of Actuaries 39Actuarial Careers Guide
Company Zurich Insurance plc
Address GI: The Zurich Centre, Parkway,
Whiteley, Fareham, Hampshire,
PO15 7JZ
Life: Tricentre One, New Bridge
Square, Swindon, SN1 1HN
Telephone 0870 522 1311
Website zurich.co.uk
Overview
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.
Vacancies/Application
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
112 UCAS (A in A level Maths)
How should I apply? zurich.co.uk/earlycareers
Closing date for applications 31st December 2018
Contact name for HR & applications earlycareers@zurich.com
Additional information
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
Do you offer internships? Yes
Do you offer sandwich placements? No
Do you offer work experience? Yes
Do you consider international candidates?* Yes
*visa restrictions may apply
40 www.actuaries.org.uk Institute and Faculty of Actuaries 41Actuarial Careers Guide
Company Government Actuary’s Department
Address Finlaison House, Chancery Lane,
EC4A 1AB
Telephone 0207 211 2601
Website gov.uk/gad
Overview
Type of business Established as a government department in
1919. Our key areas of work are pensions, social
security, insurance, investment, modelling and
quality assurance
Vacancies/Application
How many actuarial trainee vacancies are there? Up to 10
What qualifications do I need? 2:1 or above honours degree in Maths plus A
level in Maths at grade A
How should I apply? Email recruitment@gad.gov.uk
IMPORTANT
Closing date for applications See website for closing date
Contact name for HR & applications GAD recruitment team
There are a huge variety of options Additional information
on offer. One thing’s for sure, you’ll be Where are your UK vacancies? London
involved in important and interesting Where are your worldwide vacancies? London
work that could make a difference to How many actuaries are in the firm? Around 85 actuaries and 45 trainees
millions of people. Do you offer internships? No
Do you offer sandwich placements? No
Do you offer work experience? No
Do you consider international candidates?* No
*visa restrictions may apply
42 www.actuaries.org.uk Institute and Faculty of Actuaries 43insights
Wondering whether the actuarial
profession is for you? Find out what
life as an actuary is really like for
young people who’ve already taken
the plunge.
44 www.actuaries.org.uk Institute and Faculty of Actuaries 45Actuarial Careers Guide
Aon APR
For more info: For more info:
aonearlycareers.co.uk aprllp.com
behind what we do, which adds another gained and how quickly after starting that
layer to my understanding.” graduates are able to make an impact on
projects, and contribute to the business.”
What does a typical day look like for you?
“One of the great things about my role is that What has your client work involved?
a typical day doesn’t really exist as you are “Since starting at APR I’ve worked on client
constantly getting involved in different types projects across the life and general insurance
of work and projects – no two days are the sectors, in companies based in London and
same. However, I would say 75% of my time Birmingham. The work I’ve been doing so
is spent doing various calculations. The rest far has included a data quality improvement
of the day is writing emails, drafting letters, project, and supporting an actuarial team as
Annika Cove reports and getting involved in project work.” DAVID BENNETT they embark on a key regulatory reporting
Actuarial Analyst project. It’s been a great opportunity to work
What have you enjoyed most about your Location: London in different areas and gain more experience
Location: Farnborough Graduate Programme? University: University of Cambridge than I would have had in my first year at most
University: University of Warwick “One of the best things about it has been Degree: Mathematics, Astrophysics other companies.”
Degree: Mathematics, Operational Research, the opportunity to meet graduates from all
Statistics and Economics (MORSE) areas of the business - through the regular APR specialises in providing actuarial How are you finding studying while
graduate events I have made some very project, consultancy and training support working?
What attracted you to the Aon Graduate good friends! The Graduate Programme to the insurance and wider financial sector. “Despite thinking I was finished with exams
Programme? also provides extensive training which has Key to our success has been the addition after university, studying for the actuarial
“I was invited to attend Aon’s Women in been both useful and enjoyable.” each year of a group of top-quality, highly exams has been relatively enjoyable. APR has
Actuarial and Investment Consulting event numerate graduates to enhance our team. a good structure for study days, so studying
where I learnt more about the Company, What’s next for you at Aon? Our comprehensive, ongoing programme fits into the working week and doesn’t
what an actuary does on a daily basis “My main focus will be working towards of training, combined with the broad range impact too much on your spare time.”
and what is involved in the Aon Graduate becoming a qualified actuary through the of client projects we offer, makes for an
Programme. After hearing about Aon’s active actuarial exams and continuing to increase exciting and varied career for our actuarial What was the application process like?
participation in charity and community my exposure to new tasks to further my staff, who enjoy the combination of early “Applying for APR was very
work, and talking to both junior and senior understanding of pensions.” responsibility and exposure to a wide straightforward. After sending in a CV,
actuaries about their roles and experiences, I spectrum of actuarial work. The result is an there was a short online test and telephone
knew that I wanted to work at Aon.” outstanding team of well-rounded, high- interview, followed by a couple of hours
calibre consultants, who have been central at the APR office (with a presentation,
What have you learnt in your time at Aon? to our becoming a trusted partner providing interview and written test). The process
“In my time at Aon so far, I have learnt a exceptional value to our growing portfolio felt quite personalised and streamlined,
huge amount about pensions, the industry of clients. focusing on the areas that really mattered.”
and the range of services Aon provide.
Every day I learn even more through Why did you choose APR?
the variety of work I am exposed to, “I applied to APR mainly because of the high
discussions with senior colleagues and the quality of their actuarial training. In the first
wide range of training courses available. couple of months after starting, graduates
Since I have been studying for the actuarial receive excellent training in the skills they
qualification alongside my work, I have need to be successful on client projects, and
also been learning more about the theory this continues throughout your time at APR.
Another benefit is the variety of experience
46 www.actuaries.org.uk Institute and Faculty of Actuaries 47Actuarial Careers Guide
Barnett Waddingham esure
For more info: For more info:
barnett-waddingham.co.uk esureyourcareer.com
junior members of the client team as well as I was given responsibility from the outset
various other advisers to the client. I currently and my contributions are valued by the team,
manage the accounts of five clients of despite being a junior analyst. I was given
varying sizes ranging from £5m to £100m. full support by my manager and my team
were very approachable when I required
I have experience of a wide range of assistance. There is a lot of emphasis on
actuarial and consultancy work, including growth in esure and I’m constantly given
valuations, PPF levy consulting, reviews challenging problems to develop my actuarial
of actuarial factors, corporate accounting skill set. In addition to working, I am also
work and ongoing governance and studying for my actuarial exams sponsored
secretarial support. I’ve also been involved by esure. The company has a generous
Mike Whittingham in a pensioner buy-in project for one of my WAQAS AHMED study package and rewards analysts on each
Client Account Manager clients over the past year. Actuarial Analyst successive exam pass.
Location: Amersham Part of my role is to regularly attend trustee Location: Reigate, Surrey Moreover, esure has a strong focus on the
University: University of Durham meetings, presenting advice to a wide University: University of Sheffield development of interpersonal skills, since
Degree: Mathematics range of audiences, from vastly experienced Degree: MEng Civil and Structural actuarial work requires frequent interactions
independent trustees, to newly appointed Engineering with wider business teams. I am actively
Barnett Waddingham (BW) is a leading trustees with almost no pensions experience encouraged to give presentations in team
independent UK consultancy at the at all. My advice is often aided by the use of “I joined esure in May 2017 after graduating meetings and to participate in extra-
forefront of risk, pensions, investment and technology, including Barnett Waddingham’s with a master’s degree in Civil and Structural curricular activities such as volunteering as a
insurance. Even as the firm continues to interactive funding and investment modeller Engineering from the University of Sheffield. career ambassador for the IFoA. I feel I have
grow, actuaries across the offices continue ‘Illuminate’ which enables Trustees and The desire to work in financial services, apply grown tremendously over the last year and
to work collaboratively and regularly share sponsors to design and monitor an integrated and expand my mathematical skills motivated I hope to continue developing my skills to
ideas with each other, whether this be strategy to suit their needs. me towards the actuarial profession. become a well-rounded actuary.”
through private social networking platforms,
regular “away days” or local team meetings. In addition to client work, I like to get esure is a well-known personal lines insurer
involved in the social side of BW. This that has a good reputation in the insurance
Each client is the responsibility of a includes captaining the Amersham team at industry for both its esure and Sheilas’
dedicated partner who builds a team the annual inter-office football tournament, Wheels brands. The actuarial team structure
dedicated to meeting that client’s playing in the annual netball and cricket consists of a chief actuary, three managers
particular need. Partners maintain a close, tournaments, and attending regular office and six actuarial analysts. Working as an
personal involvement at all levels of work pub quizzes and curry nights.” actuarial analyst, my key responsibilities
and provide support to Client Account include carrying out analysis/projections of
Managers, such as Mike. our motor and home accounts’ claims data in
order to recommend the level of reserves for
“I work in the Trustee consulting team in claims to hold in the company’s accounts but
BW’s Amersham office. I qualified as a Fellow also to ensure that any trends in the data are
of the Institute and Faculty of Actuaries in properly allowed for in pricing. Despite being
2016. In my current role as Client Account a FTSE 250 company, the management
Manager, I act as the primary point of structure is relatively flat, this means I have
contact for trustees and sponsors and also exposure to senior management and Group
act as secretary to the trustees for some Executive to see their debates and decision-
clients, coordinating the work of more making first hand.
48 www.actuaries.org.uk Institute and Faculty of Actuaries 49Actuarial Careers Guide
EY First Actuarial LPP
For more info: For more info:
ukcareers.ey.com firstactuarial.co.uk
“I joined the Life Insurance Actuarial practice we perform the best service for our clients
at EY in September 2017 after graduating without cutting corners. It helps develop the
from the University of Liverpool with a knowledge needed to progress at a junior
Mathematics degree. I was attracted to a level without the pressures of meeting time-
career as an actuary due to its mathematical cost targets.
and analytical nature. As an actuarial
consultancy, EY appealed to me because With the wide range of work, my knowledge
of the varied work and ability to develop a of the world of pensions improves daily
range of skills through working on different and I am constantly learning something
client projects. new about my job. I look forward to the
exciting prospect of further development
AMBER O’Connell I have gained responsibility from day one Marcus Johansson opportunities when I qualify and continue my
on projects including actuarial modelling, Actuarial Trainee career at First Actuarial.
Location: London product pricing and visual analytics. A
University: University of Liverpool particular highlight was preparing important Location: Basingstoke, Hampshire What support do First Actuarial
Degree: Mathematics materials for a key client meeting during my University: University of Birmingham provide towards studying and ongoing
first month. I was then able to attend the Degree: Mathematical Economics and development?
EY’s Actuarial practice is part of the meeting alongside a Partner from EY and Statistics I have been given all the training I need
EMEIA Insurance – Risk and Actuarial the client’s Managing Director and Finance on my way to becoming an Actuary. First
Services team. We have one of the largest Director, giving me early senior exposure. Why First Actuarial? Actuarial provides excellent study support
actuarial teams in the world, with over 800 I joined the company in 2013 as a graduate both financially and via study leave. We have
professional actuarial staff in the EMEIA The training and development opportunities and have always felt valued and appreciated. on the job training support to help develop
region and over 1,350 globally. As one of at EY have exceeded my expectations. I’ve In a medium size firm, I have been able to get the skills needed. This includes an office
the leading consultancies in the UK we work taken part in consultancy training weeks involved with various areas of the business wide graduate training programme and
with some of the largest financial services in the UK and in Europe, as well as more and been given excellent opportunities regular technical training on topical pensions
companies in the industry. actuarially-focused development sessions even at a junior level, from presenting at issues. I have also been supported by a
covering technical topics and ‘hot topics’ Trustees’ meetings to running whole office study mentor who is there to offer guidance
Our market leading practice advises within the insurance industry. internal projects. There are always chances whenever I need it. At the same time, good
our clients on how to address complex, to develop your skills and work on new and work-life balance is more than a talking point
multidimensional financial challenges. We EY gives you a strong support network from exciting areas within the pensions industry. at First Actuarial – it’s a day-to-day reality.
specialise in using sophisticated modelling the start of your programme consisting of It is challenging balancing work, study and
techniques and financial analysis to provide a ‘buddy’, ‘counsellor’ and ‘family tree’, with The company has a very friendly atmosphere personal life but First Actuarial are great at
insights on how clients can improve their frequent formal and informal catch-ups. I where everybody is approachable and always helping you find that balance. There is an
performance. Working for EY provides the instantly felt I became a valued member of willing to support you in whatever way you excellent social side to the office which I have
unique opportunity to work on a wide range the team. need. You get the opportunity to work with found thoroughly enjoyable.
of solutions to solve issues encountered by different offices, departments, teams and
our clients. This will enable you to develop EY’s flexible study package allows me to individuals which helps make each day fresh
a wide breadth of skills and competencies, balance study and work whilst progressing and provides a variety of challenges which I
with many of these being focussed around through exams at a fast yet comfortable really enjoy.
the key actuarial processes and techniques. pace alongside meeting career and personal
The nature of consultancy promises a fast goals.” The company philosophy is to focus on
paced and engaging career. our clients rather than be driven solely by
budgets. This gives us the freedom to ensure
50 www.actuaries.org.uk Institute and Faculty of Actuaries 51You can also read
