At a Glance
- Tasks: Join our Actuarial team to analyze data and advise on financial risks in the insurance industry.
- Company: KPMG is a global leader in Audit, Consulting, and Technology services with over 16,000 talented professionals.
- Benefits: Enjoy 25 days of holiday, study leave, a birthday day off, and volunteering time off.
- Why this job: Make a meaningful impact while working on exciting projects with top companies in the insurance market.
- Qualifications: We seek graduates in numerical fields like Mathematics, Engineering, or Data Science, eager to become actuaries.
- Other info: Experience a hybrid work model that promotes collaboration and personal growth within a supportive community.
The predicted salary is between 28800 - 43200 £ per year.
KPMG in the UK is part of a global organisation of independent firms that offers Audit, Consulting, Deal Advisory, Tax & Law and Technology services. Through the talent of over 16,000 people, we turn insights into opportunities, making a positive difference for businesses, people, and communities.
What is Consulting?
Our Consulting teams immerse themselves in our clients’ businesses, applying sector knowledge and technological solutions to help companies grow and thrive. As a graduate here, you will have limitless opportunities to work on interesting projects and really make your mark. We offer programmes across a range of areas, such as Customer, Risk & Regulatory, People, Financial and Operational Transformation through to Actuarial.
KPMG Actuarial Graduate Programme
As expert advisors, our Actuarial team helps organisations within the insurance industry to manage financial risk. It’s work that makes a meaningful and positive difference for our clients. Joining this programme, you’ll use detailed analysis of past events to create accurate models of the future, advising on their financial implications.
You have two areas you can consider: Life Actuarial Services and General Insurance.
In Life Actuarial Services, you’ll learn how to provide advice to the Life Insurance industry, which in turn provides investment-related products (such as workplace pensions) or protection products (such as critical illness cover). You’ll advise on various practical business issues, including strategic planning, transactions and risk optimisation, and work with UK and overseas clients such as life insurance companies, reinsurance companies, venture capital firms, industry regulators, investment banks and retail banks.
General Insurance covers the spectrum of business and personal risks, with types of insurance ranging from standard car and house to more exotic insurances covering satellites, oil rigs or hurricane damage. As part of the team, you might be working on start-ups and close downs of insurance businesses, transactions, risk modelling, capital management liability valuation and catastrophe modelling. On either option, you’ll work with some of the biggest companies in the UK and global insurance market.
This programme is highly technical and suited to graduates who are numerate, ambitious and able to communicate complex ideas. We look for graduates who are studying an honours degree or postgraduate degree in a numerical or analytical subject (for example Mathematics, Engineering, Physics, Statistics or Data Science). You will need to be motivated to qualify as an Actuary and have a great interest not just in producing detailed analyses but also understanding and communicating the commercial implications of complex topics.
You’ll have the opportunity to do work that really matters and build a varied career.
Training and Benefits
With the KPMG community by your side, you’ll have the support to grow in your own way, gaining learning for a lifetime. You’ll have access to funded, relevant professional qualifications or accreditations and an extensive programme of internal training geared towards your career and personal development. On the Actuarial graduate programme specifically, this means you’ll study towards the Institute and Faculty of Actuaries (IFoA) fellowship qualification within three to five years, which is the highest level of qualification attainable with the institute.
We offer a competitive salary and a host of great benefits too, including 25 days’ holiday, study leave and a day off on your birthday. What’s more, you can take up to six days of time off to take part in volunteering initiatives.
Our firm’s hybrid working model balances the adaptability of working from home with the importance of collaborating and learning in offices or at client sites. We trust our people to be where our clients need them to be, with our client-facing colleagues working together in person as often as needed. You’ll be empowered by the technology that supports us to work adaptably and our collaborative office spaces, building friendships and shared experiences, innovating, and learning together.
Seeing the whole picture
KPMG is a place where you can be yourself and give your best – whoever you are and whatever your degree background. We look at more than just your academic results and will also consider your strengths, values and motivations. See the specific programme page on our Careers Portal for entry requirements and our ‘How to Apply’ section for detailed application guidance.
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Actuarial Graduate Programme - Manchester employer: TargetJobs UK
Contact Detail:
TargetJobs UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Graduate Programme - Manchester
✨Tip Number 1
Familiarize yourself with the insurance industry and current trends. Understanding the challenges and opportunities in this sector will help you stand out during interviews and discussions.
✨Tip Number 2
Network with professionals in the actuarial field. Attend industry events or webinars to connect with KPMG employees or other actuaries, which can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical and numerical skills. Since the role is highly technical, being able to demonstrate your proficiency in these areas through practical examples or projects can give you an edge.
✨Tip Number 4
Prepare to discuss your motivation for becoming an actuary. Be ready to articulate why you are passionate about the field and how you plan to contribute to KPMG's mission of making a positive difference.
We think you need these skills to ace Actuarial Graduate Programme - Manchester
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Actuarial Graduate Programme. Understand the key responsibilities and the skills required, especially focusing on numerical and analytical abilities.
Tailor Your CV: Customize your CV to highlight relevant experiences and skills that align with the requirements of the programme. Emphasize any coursework or projects related to Mathematics, Engineering, Physics, Statistics, or Data Science.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation to qualify as an Actuary and your interest in the insurance industry. Use specific examples to demonstrate your analytical skills and ability to communicate complex ideas.
Prepare for Online Assessments: If applicable, prepare for any online assessments that KPMG may require as part of the application process. Practice numerical reasoning tests and familiarize yourself with common assessment formats.
How to prepare for a job interview at TargetJobs UK
✨Understand the Role
Make sure you have a clear understanding of what the Actuarial Graduate Programme entails. Familiarize yourself with the specific areas of Life Actuarial Services and General Insurance, and be prepared to discuss how your skills align with these roles.
✨Showcase Your Analytical Skills
Since this role is highly technical, be ready to demonstrate your numerical and analytical abilities. Prepare examples from your academic or project work where you've successfully applied these skills to solve complex problems.
✨Communicate Complex Ideas
Effective communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you may need to convey these ideas to clients who may not have a technical background.
✨Express Your Motivation
Be prepared to discuss your motivation for pursuing a career as an actuary. Share your passion for the field, your interest in financial risk management, and your commitment to achieving professional qualifications like the IFoA fellowship.