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- Tasks: Support diverse actuarial workstreams and conduct experience analyses.
- Company: Join a leading firm in the actuarial field with exciting growth opportunities.
- Benefits: Enjoy flexible working options and a supportive learning environment.
- Why this job: Kickstart your career in a dynamic role that impacts financial strategies.
- Qualifications: Strong numeracy skills and data analysis experience are essential.
- Other info: Open to part-qualified candidates and those with relevant experience.
The predicted salary is between 30000 - 42000 £ per year.
Our client has an exciting career opportunity for a talented graduate or part-qualified life actuarial student to support a number of diverse workstreams.
Key Responsibilities include:
- Providing support for experience analyses and recommending valuation assumptions
- Solvency II valuation, including Pillar I, II, and III
- Statutory valuation, including UKGAAP and IFRS 9 & 17
- Management of with-profits business, including recommendations on investment strategy and bonus rates
- Development and maintenance of actuarial models
- Asset Liability Management
Candidate Profile:
- Highly numerate with experience in data analyses
- Excellent knowledge of MS Excel and Word
- Good communication skills
- Experience of working within the Actuarial Function of a UK Life insurer is desirable
- Applicants no longer studying for the exams will be considered
Life Actuarial Trainee employer: Actuarial Futures
Contact Detail:
Actuarial Futures Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Actuarial Trainee
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in life insurance. Attend industry events or webinars to connect with potential employers and learn more about the role.
✨Tip Number 2
Familiarise yourself with Solvency II regulations and UKGAAP, as these are crucial for the role. Consider joining online forums or study groups focused on these topics to enhance your understanding.
✨Tip Number 3
Showcase your data analysis skills by working on relevant projects or case studies. This will not only boost your confidence but also provide you with concrete examples to discuss during interviews.
✨Tip Number 4
Prepare to discuss your experience with actuarial models and asset liability management. Be ready to explain how you've applied these concepts in practical scenarios, as this will demonstrate your readiness for the role.
We think you need these skills to ace Life Actuarial Trainee
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your numeracy skills and any relevant experience in data analysis. Emphasise your knowledge of actuarial principles and any coursework or projects related to life insurance.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Life Actuarial Trainee position. Mention specific responsibilities from the job description, such as experience analyses and Solvency II valuation, and explain how your background aligns with these tasks.
Highlight Technical Skills: Since the role requires excellent knowledge of MS Excel and Word, be sure to mention any relevant software skills you possess. If you have experience with actuarial modelling or asset liability management, include that as well.
Showcase Communication Skills: Good communication skills are essential for this role. Provide examples in your application of how you've effectively communicated complex information, whether through presentations, reports, or teamwork.
How to prepare for a job interview at Actuarial Futures
✨Brush Up on Actuarial Concepts
Make sure you have a solid understanding of key actuarial concepts, especially those related to life insurance and valuation methods. Be prepared to discuss Solvency II and statutory valuation frameworks, as these are crucial for the role.
✨Showcase Your Data Analysis Skills
Since the role requires experience in data analyses, be ready to provide examples of how you've used data to inform decisions or recommendations. Highlight any relevant projects or coursework that demonstrate your analytical abilities.
✨Demonstrate Communication Skills
Good communication is essential in this role. Practice explaining complex actuarial concepts in simple terms, as you may need to present findings to non-actuarial stakeholders. Think of examples where you've successfully communicated technical information.
✨Familiarise Yourself with MS Excel
As proficiency in MS Excel is important, ensure you're comfortable with advanced functions and data manipulation techniques. You might be asked to solve problems or analyse data during the interview, so practice using Excel to prepare.
