At a Glance
- Tasks: Engage in diverse actuarial consulting projects, solving complex problems for clients.
- Company: Join a leading insurance consultancy with a global client base and expert team.
- Benefits: Enjoy flexible working options, professional development, and networking opportunities.
- Why this job: Experience a dynamic work environment with varied projects and impactful client interactions.
- Qualifications: Bachelor’s degree required; strong communication and analytical skills essential.
- Other info: Participate in virtual assessments and social events to connect with future colleagues.
The predicted salary is between 28800 - 48000 £ per year.
Our Dublin insurance team of 40 actuarial consultants have deep experience working with organisations of all types and sizes across the insurance industry. We have a large and diverse client base serving some of the biggest players in the Irish domestic market, and across Europe, the Americas and Asia. The services we provide include:
- Outsourced Actuarial Services
- Product Development
- Pricing
- Risk Assessment & Management
- Mergers & Acquisitions
- Portfolio Transfers
The Role
A role in Insurance Consulting is stimulating, challenging, exciting and extremely rewarding. We require candidates who are technically and mathematically minded, with the ability to solve intricate problems using innovative and proportionate approaches. As consultants, it is not enough to have the technical skillset. The ability to communicate complex concepts to audiences from a variety of backgrounds is fundamental. We deal with actuaries, accountants, senior executives and other Board members. Each audience has different needs and knowledge and so we need to tailor our communications to suit. We are looking for candidates that are excellent in their field and can apply their skillsets to work with clients to support them in their strategy and objectives. As a project-based business, no two days are the same. You will be involved in regular project meetings which will help you to understand the overall project and where your work fits in as well as providing a space for you to report your progress and raise issues. Being able to communicate your technical work to others who may not be familiar or involved is the key foundation for every actuarial consultant. Our work requires us to work closely with our other offices throughout Europe and around the world. You will gain exposure to various companies across the entire insurance market ranging from small domestic companies to larger multinational insurers. Depending on the project and client you may also get involved in communicating with peers at the client's office, working directly alongside clients and attending meetings/calls.
The Requirements
- Bachelor’s Degree required;
- Keen to progress towards qualification in the actuarial exams;
- Well organised and detail oriented;
- Able to work to a high level of accuracy;
- Able to work well under pressure and meet targets;
- Proficient in Microsoft Office Word & Excel;
- Interpersonal skills to include good written and verbal communication;
- “Can do” attitude with a flexible attitude to work;
- Strong written and verbal communication skills;
- Ability to ask the right questions and seek help where appropriate;
Main Role Responsibilities
- Provide actuarial consulting to clients on a broad range of topics including:
- Supporting clients in all aspects of actuarial work including, financial reporting, solvency reporting, capital management and product pricing.
- Corporate restructuring and capital enhancement (demutualisation, securitisation and M&A).
- Working with Heads of Actuarial Function and Chief Risk Officers in meeting business and regulatory requirements relating to these roles.
- Performance in areas related to financial risk, product distribution and capital issues.
- Enterprise Risk Management to manage risks and meet strategic objectives.
- Conduct reporting on regulatory (Solvency II) and accounting bases;
- Prepare reports for Board of Managements;
- Assist in risk monitoring;
- Analyse and communicate results to key stakeholders;
- Complete other ad-hoc projects as they arise;
- Attend WTW-organised client events;
How to Apply
Online application, including CV. Invitation to complete online assessment and a video interview. Virtual assessment centre – this is an opportunity for you to meet with members of the team and for the team to understand your strengths, preferences, and motivations. The assessment will take place virtually, and there will be an opportunity for you to ask questions. Offer and acceptance. Keeping in touch including office visit and invites to social events where you will be able to meet some of your future colleagues. On-boarding.
To apply for this role and to find out more, please click on the apply button.
Actuarial Insurance Consulting Graduate Programme - Non-Life - Dublin employer: Industry Placements
Contact Detail:
Industry Placements Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Insurance Consulting Graduate Programme - Non-Life - Dublin
✨Tip Number 1
Familiarise yourself with the key concepts of actuarial consulting, especially in non-life insurance. Understanding the specific services we provide, such as risk assessment and product development, will help you speak confidently about how you can contribute to our team.
✨Tip Number 2
Practice your communication skills by explaining complex actuarial concepts to friends or family who may not have a background in finance. This will prepare you for the diverse audiences you'll encounter in our consulting role.
✨Tip Number 3
Engage with current trends in the insurance industry, particularly around regulatory changes like Solvency II. Being knowledgeable about these topics will demonstrate your commitment and readiness to tackle real-world challenges in your interviews.
✨Tip Number 4
Network with professionals in the actuarial field through LinkedIn or industry events. Building connections can provide insights into the role and may even lead to referrals, increasing your chances of landing the job with us.
We think you need these skills to ace Actuarial Insurance Consulting Graduate Programme - Non-Life - Dublin
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the requirements of the Actuarial Insurance Consulting Graduate Programme. Emphasise your mathematical abilities, problem-solving skills, and any experience in consulting or client-facing roles.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for actuarial consulting and your understanding of the insurance industry. Mention specific projects or experiences that demonstrate your ability to communicate complex concepts effectively.
Prepare for Online Assessments: Familiarise yourself with the types of online assessments you may encounter. Practice numerical reasoning and situational judgement tests, as these are often part of the selection process for actuarial roles.
Research the Company: Gain a solid understanding of the company’s services, client base, and recent projects. This knowledge will not only help you tailor your application but also prepare you for potential interview questions about their work and values.
How to prepare for a job interview at Industry Placements
✨Understand the Role
Make sure you have a solid grasp of what the Actuarial Insurance Consulting Graduate Programme entails. Familiarise yourself with the key responsibilities and the types of projects you might be involved in, as this will help you tailor your answers to show how you can contribute.
✨Showcase Your Technical Skills
Be prepared to discuss your technical and mathematical skills in detail. Highlight any relevant coursework or projects that demonstrate your ability to solve complex problems, as this is crucial for the role.
✨Communicate Effectively
Since the role requires communicating complex concepts to diverse audiences, practice explaining your technical work in simple terms. This will showcase your ability to adapt your communication style to suit different stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company, the team, and the projects you might work on. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.