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- Tasks: Join our team to deliver actuarial solutions and manage client assignments.
- Company: Milliman provides top-notch consulting services to financial service providers globally.
- Benefits: Enjoy a competitive study package to support your journey to becoming a qualified actuary.
- Why this job: Be part of a dynamic team, gain valuable experience, and make an impact in the financial sector.
- Qualifications: Strong analytical skills, knowledge of Excel and VBA, and a passion for the insurance market are essential.
- Other info: This is an entry-level position starting in September 2025.
The predicted salary is between 28800 - 48000 £ per year.
We are seeking a dynamic and highly-motivated individual to join our Life and Financial Services practice in the UK this autumn, in September 2025.
Milliman’s Life and Financial Services practice in the UK offers a high standard of consulting services to financial services providers such as life insurance and reinsurance companies, asset managers, investment banks, and regulatory bodies. Our consulting services for our clients include merger and acquisition services, restructuring advice and implementation, independent review, Chief Actuary and With-Profits Actuary roles, and risk and capital management services. Our client base includes firms in the UK, Europe, and the US.
You will be working as part of a team, focusing on delivering actuarial and analytical solutions to our clients. You should be deadline-driven with the ability to juggle multiple, competing priorities.
Milliman offers a competitive study package to support you in qualifying as an actuary.
Responsibilities
- Manage the technical aspects of specific client assignments (including running analytics tools and building models), within agreed budgets and timeframes;
- Process and handle data;
- Manage day-to-day interaction with, and expectations of, specific clients;
- Attend client meetings as required;
- Assist in the timely production of reports to clients;
- Understand and comply with the Life and Financial Services practice’s risk management processes and procedures;
- Ensure that, for the assignments being managed, compliance is fully documented;
- Assist in the development and implementation of the practice’s marketing plan;
- Deliver presentations and produce articles in collaboration with other members of the team;
- Maintain high standards of technical knowledge and understanding, through reading of technical papers, participation in appropriate seminars, conferences, etc.;
- Disseminate this knowledge and understanding amongst colleagues and, where appropriate, clients;
- Provide assistance as and when needed to other team members;
- Work towards timely qualification as a Fellow of the Institute and Faculty of Actuaries;
- Carry out all tasks within the job holder’s level of skill and ability.
Qualification
Requirements
Knowledge:
- Good knowledge of Word, Excel, and PowerPoint;
- Good understanding of, and interest in, the UK insurance/reinsurance market;
- Good knowledge of VBA, R, or similar;
- Good understanding of, and interest in, financial markets;
Skills:
- Highly technical – good analytical skills;
- Excellent interpersonal skills;
- Excellent written and oral communication skills;
- Good organisational skills;
- Ability to effectively work in a team, as well as independently;
- Motivated;
- Flexible with workloads and priorities;
- Committed to an actuarial career and qualification as an actuary.
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Actuarial Associate - Entry Level employer: Milliman Ireland
Contact Detail:
Milliman Ireland Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Associate - Entry Level
✨Tip Number 1
Familiarize yourself with the UK insurance and reinsurance market. Understanding the key players and current trends will not only help you in interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Brush up on your technical skills, especially in VBA, R, or similar programming languages. Being able to showcase your analytical capabilities through practical examples can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the actuarial field. Attend seminars, webinars, or local meetups to connect with industry experts and gain insights that could be beneficial during your application process.
✨Tip Number 4
Prepare for potential client interactions by practicing your communication skills. Being able to articulate complex actuarial concepts clearly will be crucial in your role and can impress interviewers.
We think you need these skills to ace Actuarial Associate - Entry Level
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Actuarial Associate position. Understand the responsibilities and qualifications required, and think about how your skills and experiences align with them.
Tailor Your CV: Customize your CV to highlight relevant experiences and skills that match the job requirements. Emphasize your analytical skills, knowledge of financial markets, and any experience with tools like VBA or R.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for applying to Milliman and your commitment to an actuarial career. Mention specific aspects of the role that excite you and how you can contribute to the team.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Milliman Ireland
✨Show Your Analytical Skills
Since the role requires strong analytical abilities, be prepared to discuss specific examples of how you've used data analysis in past experiences. Highlight any projects where you built models or ran analytics tools.
✨Demonstrate Your Knowledge of the Industry
Familiarize yourself with the UK insurance and reinsurance market. Be ready to discuss current trends and challenges in the industry, as well as how they might impact Milliman's clients.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, both in writing and verbally. Consider preparing a brief presentation on a relevant topic to showcase your skills.
✨Emphasize Teamwork and Flexibility
The job involves working closely with a team and managing multiple priorities. Share examples of how you've successfully collaborated with others and adapted to changing workloads in previous roles.
