Actuaries work with uncertainty. Join us and you’ll help clients analyse how future events – anything from a corporate take-over to a major natural disaster – could affect them. You might be calculating the impact of changing demographics or legislation on pension schemes; the effects that changes in financial markets have on different organisations; or how likely a business is to be hit by an earthquake.
You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen. Just as important, you’ll develop a flair for presenting your findings in simple, easy-to-understand language. What’s more, early client exposure will broaden your experience. There are two business areas you can choose from – both among the leading actuarial practices in the UK.
In Actuarial Services you’ll work with clients from the insurance industry (both life and general insurance), but also from outside the insurance industry where you’ll work with clients from the banking sector (retail and investment), the healthcare sector, the public sector, as well as corporate clients from the non-financial services sector like energy and utility providers. Your advice could cover solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de-risking, financial modelling, underwriting, new legislation, the viability of new products and the efficiency of claims or reporting processes.
In Human Resource Consulting you’ll work in either our Pensions team or Pay, Performance and Risk team.
In Pensions, you’ll work with a wide variety of companies, advising them on how to best achieve their objectives in relation to their pension or benefit schemes. You’ll consult on a spectrum of issues including the redesign of pension benefits, de-risking legacy pension schemes, negotiating with trustees on how to fund schemes, potential mergers or acquisitions and the impact of legislative changes.
In Pay, Performance and Risk, you’ll help companies incentivise their most senior employees. As part of a multi-disciplinary team, you’ll use broad consulting skills underpinned by financial modelling techniques to develop reward structures that support business strategy and are acceptable to shareholders and employees alike.