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- Tasks: Support diverse actuarial workstreams, including experience analyses and valuation assumptions.
- Company: Join a dynamic client focused on innovative actuarial solutions in the life insurance sector.
- Benefits: Enjoy flexible working options and opportunities for professional development.
- Why this job: Gain hands-on experience in a supportive environment while making a real impact in the industry.
- Qualifications: Ideal for graduates or part-qualified students with strong numerical skills and data analysis experience.
- Other info: Contact Clare Roberts for an informal chat about your career goals and this exciting opportunity.
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. Some of these 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
Highly numerate with experience in data analyses, the successful candidate will possess excellent knowledge of MS Excel and Word coupled with good communication skills. Experience of working within the Actuarial Function of a UK Life assurer is desirable. Applicants no longer studying for the exams will be considered.
Please contact us to discuss this vacancy or for an informal discussion regarding your career goals. We are very happy to perform bespoke research on your behalf.
Life Actuarial Trainee employer: Star Actuarial Futures
Contact Detail:
Star 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 colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the latest developments in Solvency II and UKGAAP regulations. Being knowledgeable about these topics will help you stand out during discussions and interviews.
✨Tip Number 3
Brush up on your Excel skills, particularly in data analysis and modelling. Consider taking online courses or tutorials to enhance your proficiency, as this is crucial for the role.
✨Tip Number 4
Prepare to discuss your understanding of asset liability management and how it impacts investment strategies. Having concrete examples or case studies ready can demonstrate your analytical thinking.
We think you need these skills to ace Life Actuarial Trainee
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the responsibilities mentioned in the job description. Emphasise your numerical abilities, data analysis experience, and any actuarial coursework or projects.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities of the Life Actuarial Trainee role. Mention your passion for actuarial science and how your background makes you a suitable candidate for supporting diverse workstreams.
Highlight Technical Skills: Since the role requires excellent knowledge of MS Excel and Word, be sure to mention any specific projects or experiences where you utilised these tools effectively. This will demonstrate your technical proficiency.
Showcase Communication Skills: In your application, provide examples of how you've successfully communicated complex information in previous roles or academic settings. Good communication is essential for this position, so make it clear how you excel in this area.
How to prepare for a job interview at Star Actuarial Futures
✨Know Your Numbers
As a Life Actuarial Trainee, you'll be dealing with complex data analyses. Brush up on your numerical skills and be prepared to discuss how you've used data in past projects or studies.
✨Familiarise Yourself with Valuation Standards
Make sure you understand the basics of Solvency II and statutory valuation methods like UKGAAP and IFRS 9 & 17. Being able to discuss these frameworks will show your commitment and knowledge in the field.
✨Showcase Your Communication Skills
Actuaries often need to explain complex concepts to non-specialists. Prepare examples of how you've effectively communicated technical information in the past, whether in presentations or group projects.
✨Prepare Questions About the Role
Demonstrate your interest by preparing thoughtful questions about the workstreams you'll support, especially regarding asset liability management and with-profits business. This shows you're engaged and eager to learn.
