2016/17

Directory
of actuarial
employers
Discover whos hiring and whats
on offer in the actuarial profession

www.actuaries.org.uk
Directory of actuarial employers
Thanks for picking up our directory.
Weve put it together to showcase some
of the businesses you could work for as
an actuary and weve given some young
actuaries the chance to tell you what their
working life looks like from the inside.
What do actuaries do?
Actuaries are people whove turned their love of numbers
into a rewarding and challenging career. They are business
professionals who assess the financial impact of risk and
uncertainty. They have a deep understanding of finance and
business and model the world around them, evaluating the
likely impact of future events.
Their advice is essential to many industries, including banking
and investments, insurance, healthcare and pensions, where
a single decision can have a major financial impact or affect
the lives of hundreds of thousands of people. Its a vital role
with a lot of responsibility. Thats why actuaries are so highly
regarded, sought after and rewarded.
2 Institute and Faculty of Actuaries
What qualifications will you need?
You will need a good grade in A level or Scottish Higher
maths and usually a good degree in a numerate subject
such as mathematics, statistics, sciences or economics.
Once youve joined a firm, like one of those included in
this directory, youll continue to develop your skills and
knowledge and sit our professional exams. This usually
takes between three and six years.
Where to start
Work placements are invaluable if you are to gain a real
understanding of the role of an actuary in deciding whether
its the right career for you.
Some of the companies covered in the following pages
offer work placements so do get in touch with them to find
out how to apply. Or speak to your university or school
careers service.
Finally, you can get a head start by joining the Institute and
Faculty of Actuaries. Well keep you updated about the
industry and the opportunities as you begin your search.
Get in touch at 020 7632 2137 or
at careers@actuaries.org.uk
www.actuaries.org.uk 3
Directory of actuarial employers

Consultancy
Directory of actuarial employers | Consultancy

*visa restictions may apply

Consultancy

Company Aon APR Company Barnett Waddingham Xerox HR Services

Address The Aon Centre, The Leadenhall Garden Studios, 71-75 Shelton Street Address Cheapside House, 138 Cheapside, 160 Queen Victoria Street, London,
Building, 122 Leadenhall Street, Covent Garden, London, WC2H 9JQ London, EC2V 6BW EC4V 4AN
London, EC3V 4AN
Telephone 020 7776 2200 +44 (0)20 7429 1000
Telephone +44 (0)20 7623 5500 01235 821 160
Website www.barnett-waddingham.co.uk www.xerox.co.uk/hrservices
Website www.aonearlycareers.co.uk www.aprllp.com
Type of business Actuarial Consultancy HR Services including Pension and
Type of business Insurance, Reinsurance, Employee Life Insurance (some General Investment consulting
Benefits, Human Capital Consulting, and Pensions)
Pensions, Investment Contact name for hr@barnett-waddingham.co.uk HR, Buck_Graduates@xerox.com
HR & applications
Contact name for graduates@aon.co.uk or grad.recruitment@aprllp.com
HR & applications apprentices@aon.co.uk Graduate 8-12 Up to 10
actuarial vacancies
Graduate c.30 3-4
actuarial vacancies Application type Online application CV + Application Form

Application type Online application CV and covering letter Closing date 31st October 2016 Applications open in September
2016. We review applications on a
Closing date Applications open in September Please see website rolling basis so early applications
2016, we review applications on a are strongly encouraged to
rolling basis so early applications avoid disappointment.
are strongly encouraged to avoid
disappointment. Locations London, Amersham, Leeds, London, Ipswich,
Liverpool, Cheltenham, Manchester, Edinburgh
Locations Birmingham, Bristol, Edinburgh, Central London and Edinburgh Bromsgrove, Glasgow
Epsom, Farnborough, Glasgow,
Leeds, London, Manchester, No. of Actuaries 130 qualified, 90 students 47 Students and 40 Actuaries
St Albans
Internships Yes Occasionally
No. of Actuaries c.350 c.20 (qualified and students)
Sandwich places No Occasionally
Internships Yes No
Work experience Yes Occasionally
Sandwich places Yes No
Apprenticeships No No
Work experience Yes Occasionally
We consider Yes Yes. Candidates must possess a visa
Apprenticeships Yes No International allowing them to work unrestricted
candidates* in the UK.
We consider Yes Yes. Candidates must possess
International a visa allowing them to work
candidates* unrestricted in the UK. We do
not sponsor visa applications.

6 Institute and Faculty of Actuaries www.actuaries.org.uk 7

Directory of actuarial employers | Consultancy

*visa restictions may apply

Consultancy

Company Deloitte EY Company First Actuarial LLP Grant Thornton UK LLP

Address Hill House, 1 Little New Street, UK headquarters: 1 More London Address Mayesbrook House, Lawnswood, Grant Thornton UK LLP. 30 Finsbury
London, EC4A 3TR Place, London, SE1 2AF London Business Park, Leeds, LS16 6QY Square, London, EC2P 2YU

Telephone 020 7936 3000 +44 (0)800 289 208 Telephone 0161 348 7400 020 7383 5100

Website www.deloitte.co.uk/graduates ukcareers.ey.com/graduates Website www.firstactuarial.co.uk www.grant-thornton.co.uk

Type of business Pensions, Employee Benefits, Actuarial Services, Human Resource Type of business Pensions and Investment General Insurance, Life Insurance,
Investment, Life and Non-Life Consulting Pensions
Insurance and Analytics
Contact name for Hilary Salt Grant Thornton Trainee Recruitment
Contact name for Parm Nijjer Please visit our website or call our HR & applications graduates@firstactuarial.co.uk at traineerecruitment@uk.gt.com
HR & applications pnijjer@deloitte.co.uk recruitment telephone number above.
Graduate 5 - 10 Yes, see website for more details.
Graduate c.30 c.20 actuarial vacancies
actuarial vacancies
Application type Online applications Applications online via
Application type Applications online via website Applications online via website www.graduates.grant-thornton.co.uk

Closing date Rolling basis but apply early We encourage early applications Closing date See website Rolling basis from September for a
start date the following year. Please
Locations Belfast, Birmingham, Edinburgh, London, Bristol, Leeds, Edinburgh
apply early to avoid disappointment.
Glasgow, London, Leeds and
Manchester Locations Basingstoke, Leeds, Manchester, London
Peterborough, Tonbridge
No. of Actuaries c.100 qualified, c.100 students 214 across the UK
No. of Actuaries 43 qualified, 46 students 16 qualified, 18 students
Internships Yes Summer Internship Placement
Internships Yes Yes
Sandwich places No Advisory Scholarship
Sandwich places No No
Work experience No No
Work experience No No
Apprenticeships No No
Apprenticeships No No
We consider Yes Yes
International We consider No Yes
candidates* International
candidates*

8 Institute and Faculty of Actuaries www.actuaries.org.uk 9

Directory of actuarial employers | Consultancy

*visa restrictions may apply

Consultancy

&
Company Hymans Robertson LLP Jardine Lloyd Thompson Company Just Retirement Limited and Partnership Assurance Limited

Address One London Wall, London, The St Botolph Building, 138 Address Vale House, Roebuck Close, 5th Floor, 110 Bishopsgate, London
EC2Y 5EA Houndsditch, London, EC3A 7AW Bancroft Road, Reigate, Surrey, EC2N 4AY
RH2 7RU
Telephone 020 7082 6000 020 7528 4444
Telephone 01737 233 001 01737 309 181
Website www.hymans.co.uk www.jltgroup.com/group/careers
Website www.justretirement.com www.partnership.co.uk
Type of business UK lifetime savings and protection, Pensions, Employee Benefits,
including: pensions, employee Investment Consultancy Type of business Life
benefits, Investment and
Contact name for recruitment@justretirement.com recruitment@partnership.co.uk
Risk Management
HR & applications
Contact name for Suzanne Coyle HR Department, The St Botolph
HR & applications Heather McCrae Building, 138 Houndsditch, Graduate Variable
recruitment@hymans.co.uk London, EC3A 7AW actuarial vacancies

Graduate actuarial 15-20 per year See website Application type CV and covering letter
vacancies
Closing date All year
Application type Online at www.hymans.co.uk CV and covering letter
Locations Reigate, Redhill, London
Closing date See our website for details: See website
No. of Actuaries 73 qualified, 54 students
www.hymans.co.uk
Internships No
Locations Birmingham, Edinburgh, Glasgow, Bristol, Edinburgh, Exeter, Leeds,
London London, Manchester, Orpington, Sandwich places No
Solihull
Work experience Occasionally
No. of Actuaries 120 qualified and 130 82 qualified and 98 students/trainees
trainees/students Apprenticeships No

Internships Yes Occasionally We consider No

International
Sandwich places Yes No candidates*
Work experience Yes, to students who are still Occasionally
at school

Apprenticeships No No

We consider Yes No
International
candidates*

10 Institute and Faculty of Actuaries www.actuaries.org.uk 11

Directory of actuarial employers | Consultancy

*visa restrictions may apply

Consultancy

Company KPMG LLP Lane Clark & Peacock Company Milliman LLP Punter Southall

Address 15 Canada Square, Canary Wharf, 95 Wigmore Street, London, Address 11 Old Jewry, London, EC2R 8DU 11 Strand, London, WC2N 5HR
London, E14 5GL W1U 1DQ
Telephone 0207 847 1500 01483 330 100
Telephone 020 7439 2266
Website http://uk.milliman.com www.puntersouthall.com
Website www.kpmgcareers.co.uk www.lcp.uk.com/careers/
graduate-opportunities/ Type of business Actuarial Consultancy Pensions

Contact name for Tracey Newman Jacqueline Weller

Type of business Life, General, Pension, Investment Actuarial consultancy
HR & applications recruitment.uk@milliman.com Recruitment Manager
Contact name for Graduate Recruitment Team Katrina Sewell
HR & applications Graduate@kpmg.co.uk graduates@lcp.uk.com Graduate Check http://careers.milliman.com/ 6-8
actuarial vacancies CurrentOpenings
Graduate Up to 40 annually c.30
actuarial vacancies Application type Check http://careers.milliman.com/ CV and covering letter to
CurrentOpenings opportunities@puntersouthall.com
Application type All Year Online application form
Closing date Check http://careers.milliman.com/ Friday 4 November 2016
Closing date None Friday 18 November 2016 CurrentOpenings

Locations Birmingham, Bristol, Edinburgh, London and Winchester Locations London Birmingham, Bristol, Edinburgh,
Glasgow, Leeds, London, Guildford & Wokingham
Manchester, Reading
No. of Actuaries 50 57 part-qualified and 83 qualified
No. of Actuaries 200+ in UK 145
Internships Occasionally Yes
Internships Occasionally Yes
Sandwich places No No
Sandwich places Occasionally No
Work experience Occasionally No
Work experience Yes No
Apprenticeships No No
Apprenticeships Yes No
We consider Yes No
We consider Yes Yes International
International candidates*
candidates*

12 Institute and Faculty of Actuaries www.actuaries.org.uk 13

Directory of actuarial employers | Consultancy

*visa restrictions may apply

Consultancy

Company PWC Redington Ltd Company Willis Towers Watson Xafinity

Address 7 More London Riverside, London, Austin Friars House, 2-6 Austin Address Willis Towers Watson, Watson Head Office
SE1 2RT Friars, London, EC2N 2HD House, London Road, Reigate, Phoenix House, 1 Station Hill,
Surrey, RH2 9PQ Reading, Berkshire, RG1 1NB
Telephone 0808 100 1500 020 7250 3331
Telephone 01737 284 966 0118 918 5477
Website pwc.com/uk/work-in-actuarial http://info.redington.co.uk/
graduates-and-undergraduates Website www.willistowerswatson.com/careers www.xafinity.com

Type of business Actuarial Services (Life Insurance,
General Insurance, Investments,
Banking, Non-Insurance, Analytics)
People and Organisation.
Contact name for Visit our website or call our
HR & applications recruitment helpline above.
Redington is an independent and Type of business Pensions, Insurance, Investment and Pensions and Employee Benefits
employee-owned investment Software Consulting
consultant to pension funds and
Contact name for Willis Towers Watson graduate.recruitment@xafinity
other long term savings institutions.
HR & applications University Team consulting.com
Human Resources Graduates.uk@willistowerswatson.
Careers@redington.co.uk com

Graduate Graduate opportunities c. 48 6-8 Graduate 100 graduates, 60 interns 10-12

actuarial vacancies Work experience c. 26 actuarial vacancies

Application type Apply online via our website Online Application type Please apply online http://willis- See website for more details
pwc.com/uk/careers towers-watson.jobs.net/ www.xafinity.com/Careers/
Graduate-Actuarial-Recruitment
Closing date Please see our website for further Please see website
details. Early application is advised Closing date Please see website for more details See website for more details
to avoid disappointment. willis-towers-watson.jobs.net/ www.xafinity.com/Careers/
Graduate-Actuarial-Recruitment
Locations London, Birmingham, Bristol, City of London
Edinburgh, Leeds, Manchester Locations Bristol, Birmingham, Dublin, Belfast, Leeds, London, Manchester,
and Reading Edinburgh, Leeds, London, Reading, Stirling
Manchester and Reigate
No. of Actuaries c. 200 qualified, 200 trainees (UK) 5 qualified and 7 students
No. of Actuaries 462 qualified and 206 students (UK) 55 qualified and 50 students
Internships Yes 6 week summer internship. As well as
penultimate students we encourage Internships Yes No
1st year students to apply.
Sandwich places No No
Sandwich places Yes No
Work experience No No
Work experience Yes No
Apprenticeships Yes No
Apprenticeships No No
We consider Yes No
We consider Yes - we welcome applications from Yes International
International all candidates. Please check our candidates*
candidates* website for more information.

14 Institute and Faculty of Actuaries www.actuaries.org.uk 15

Directory of actuarial employers | Consultancy

Consultancy

Company Mercer

Address Tower Place West, London,

EC3R 5BU

Telephone 020 7178 5479

Website ww.mercer.com/ukgrads

Type of business Retirement, Investments,

Consultancy

Contact name for Giovanna Miceli

HR & applications

Graduate c.20
actuarial vacancies

Application type Online application form

Closing date See website

Locations Nationally and in over 40 Countries

No. of Actuaries c.350

Internships c.30

Sandwich places Yes

Work experience

Apprenticeships Yes

We consider Yes
International
candidates*

*visa restrictions may apply

16 Institute and Faculty of Actuaries

Directory of actuarial employers

Insurance
Directory of actuarial employers | Insurance

*visa restrictions may apply

Insurance

Company Allianz Insurance Plc Aon Company Aviva Plc AXA

Address Head Office: 57 Ladymead, The Aon Centre, The Leadenhall Address Aviva Group 5, Old Broad Street, London,
Guildford, GU1 1DB Building, 122 Leadenhall Street, St Helens, 1 Undershaft, London, EC2N 1AD
London Office: 60 Gracechurch London, EC3V 4AN EC3P 3DQ
Street, London, EC3V 0HR Aviva UK & Ireland GI
Island Site, Surrey Street, Norwich,
Telephone 01483 552243 +44 (0)20 7623 5500 NR1 3NG
Aviva UK & Ireland Life
Website www.allianz.co.uk www.aonearlycareers.co.uk
Wellington Row, York, YO90 1WR
Type of business General Insurance Company Insurance, Reinsurance, Employee
Benefits, Human Capital Consulting, Telephone General Enquiries
Pensions, Investment +44 (0)20 7283 2000

Contact name for graduates@allianz.co.uk graduates@aon.co.uk or Website Careers - http://careers.aviva.co.uk www.axa.co.uk/graduates

HR & applications apprentices@aon.co.uk
Type of business Life, General, Accident & Health & General Insurance, Life Insurance,
Asset Management Investments and Healthcare
Graduate 2 Graduates c.5
actuarial vacancies
Contact name for richard.kingston@aviva.com Paul Roberts, Graduate & Early Years
HR & applications Resourcing Manager
Application type Application via website Online application
careers@axa-uk.co.uk
Closing date We recommend applying early as Applications open in September
we use a rolling application process 2016, we review applications on a Graduate Yes Around 8 graduates per annum
with deadlines mid-November. See rolling basis so early applications are actuarial vacancies
website for details. encouraged to avoid disappointment.
Application type Online via the Careers Website Online application
Locations London & Guildford Birmingham, Bristol, Edinburgh,
Closing date Closed for applications Applications open in September
Epsom, Farnborough, Glasgow,
2016 - see website for details
Leeds, London, Manchester,
St Albans. Locations Bristol, Eastleigh, Norwich and York Basingstoke, Bristol, Cobham,
Ipswich, London, Tunbridge Wells
No. of Actuaries 25 qualified and 17 students c.350

Internships Yes Yes No. of Actuaries Qualified c.400 Students c.120 Approx 8 graduate roles and 85
Actuaries in the UK
Sandwich places Yes Yes
Internships Summer internships only No
Work experience No Yes
Sandwich places Yes No
Apprenticeships No Yes
Work experience No No
We consider Yes Yes
International Apprenticeships No No
candidates*
We consider Yes Yes
International
candidates*

20 Institute and Faculty of Actuaries www.actuaries.org.uk 21

Directory of actuarial employers | Insurance

*visa restrictions may apply

Insurance

Company Canada Life Limited Ecclesiastical Insurance Group PLC Company Legal & General Group Plc Lloyds Banking Group

Address Canada Life Place, High Street,
Potters Bar, Hertfordshire, EN6 5BA
Telephone 01707 423075
Website www.canadalife.co.uk
Type of business Insurance company (Retirement
Income, Group Protection, Wealth
Management, Investments)
Contact name for Actuarial Graduate Recruitment
HR & applications hrrecruitment@canadalife.co.uk
Ecclesiastical Insurance Group,
Beaufort House, Brunswick Road
Gloucester, GL1 1JZ
0345 777 3322
www.ecclesiastical.com
Insurance and Financial Services
recruitment@ecclesiastical.com
Address Legal & General Group Plc, One The Mound, Edinburgh, EH1 1YZ
Coleman Street, London, EC2R 5AA
Telephone 01273 37 4078 +44 (0) 20 7626 1500
Website www.legalandgeneralgroup.com www.lloydsbankinggroup.com
Type of business Insurance company (general insurance, Life and General Insurance
pensions - individual and bulk)
Contact name for natascia.fileppi@landg.com The Actuarial Graduate
HR & applications Recruitment team
ActuarialGraduate.Recruitment@
scottishwidows.co.uk

Graduate 2 Full range of Actuarial Opportunities Graduate 20-25 per year Around 10 per year
actuarial vacancies actuarial vacancies

Application type CV+ covering letter CV and covering letter to the above Application type Online application form Online application
Standard application form recruitment email address
Closing date Runs throughout the year TBC Search for Actuarial at
Closing date July 8th 2016 Ongoing www.lloydsbankinggroup.com/
careers or email ActuarialGraduate.
Locations Potters Bar, London, Bristol, Gloucester Recruitment@scottishwidows.co.uk
Isle of Man for more information.

No. of Actuaries Approximately 30 Actuaries 8 qualified and 16 students Locations London, Kingswood, Hove, Bristol and Edinburgh
30 students Birmingham

Internships No Yes No. of Actuaries c.230 qualified and c.100 actuarial over 300 across the UK
students
Sandwich places No Yes
Internships No Yes Edinburgh only.
Work experience Yes Yes
Please email Actuarial_Interns@
Apprenticeships Yes No lloydsbanking.com

We consider Yes Yes Sandwich places No No

International
Work experience Yes No
candidates*
Apprenticeships No No

We consider Yes Yes

International
candidates*

22 Institute and Faculty of Actuaries www.actuaries.org.uk 23

Directory of actuarial employers | Insurance

*visa restrictions may apply

Insurance

Company LV= The Phoenix Group Company SCOR SE UK branch Zurich Insurance plc

Address Frizzell House, County Gates, 1 Wythall Green Way, Wythall Green, Address 10 Lime Street, London, EC3M 7AA General Insurance: Zurich Insurance
Bournemouth, BH1 2NF Birmingham, B47 6WG plc, 3000 Parkway, Whiteley,
Fareham, Hampshire, PO15 7JZ
Telephone 0800 066 5331 0203 567 9129
Life Insurance: Zurich Assurance
Website www.lvactuarial.com www.thephoenixgroup.com Ltd, Tri-Centre Buildings, New
Bridge Square, Swindon, SN1 1HN
Type of business General Insurance, Life and Financial Services
Investments Telephone +44 (0)20 3207 8550 General Insurance: 0870 522 1311
Life Insurance: 01793 514514
Contact name for Chelsea Bain Helen Cooper
HR & applications Chelsea.Bain@lv.com helen.cooper@thephoenixgroup.com Website www.scor.com www.zurich.co.uk

Graduate Ongoing: Ranging from Internships / 3-4 per annum Type of business Reinsurance General Insurance: Business (UK and
actuarial vacancies Graduate Opportunities International), Car, Home, Travel
and Boat
Application type Online application, CV Via website Life Insurance: Life, Pensions and
www.lvactuarial.com Investments
Closing date Ongoing As per advert Contact name for HR team Zurich Resource Centre
HR & applications londonhr@scor.com zurichgraduates@alexmann.com
Locations Bournemouth Wythall, South Birmingham
Graduate Yes Up to 10 graduates per year
No. of Actuaries c.100 c.70 qualified and 16 students
actuarial vacancies
Internships Yes Rarely
Application type Please email: londonhr@scor.com On-line application process
Sandwich places Yes No
Closing date No closing date See website
Work experience No Occasionally
Locations London Offices throughout the UK
Apprenticeships No No
No. of Actuaries c.55 Actuaries and c.65 students
We consider Yes - providing you have an Yes
International appropriate visa to work within Internships Yes Yes
candidates* the UK without Tier 2 Sponsorship. Sandwich places Yes Yes

Work experience Yes Yes

Apprenticeships Yes Yes

We consider Students must have the right to Yes

International work in the UK.
candidates*

24 Institute and Faculty of Actuaries www.actuaries.org.uk 25

Case Studies
Directory of actuarial employers | Case Studies
APR provides interim actuarial
resourcing solutions to clients across a
wide spectrum of insurance companies,
consultancies and other financial
institutions. For our graduate associates
this means they gain experience in a
diverse range of actuarial work, are
given client responsibility very early
on, and are able to make an immediate
and visible contribution to our business.
To ensure that staff are equipped to
meet these challenges we take on only
the most talented graduates and then
support them with extensive, in-depth
and ongoing training throughout their
time at APR.
Profile | Richard Collins
I joined the team at APR in autumn
2014 having previously spent three years
working as a risk analyst at a brokerage
firm. Being a maths graduate, an actuarial
career had always been something Id
considered a challenging and well-
respected role appealing to my interests
in mathematics and finance. While many
actuarial employers came across as quite
similar to me, APR stood out as having
something different to offer.
The nature of the work, involving short-
term project placements at clients
around the UK (and even beyond),
28
APR
For more info:
www.aprllp.com
genuinely offers the opportunity to
experience a variety of different roles,
with real responsibility and at different
companies. To illustrate this, so far I have
worked at a data analytics consultancy
on a benchmarking project analysing
workplace pensions, at a global general
insurer providing support within the
group reserving function, and assisting
with the development of a new quotation
system at a Dublin life office.
As well as full support through the
actuarial exams, APR provides first-class
technical training through its in-house
material, aimed at making me more
valuable when working on client projects.
The training focuses on developing
coding and modelling skills, a key area
for APR, and applying them to examples
of everyday actuarial work. Im now very
confident using advanced functionality
in Excel, VBA, and Access, which has
proved exceptionally useful.
I was attracted by APRs straightforward
application process, by the interviews
being relaxed and the assessment tests
much more engaging than others I have
come across. The positive feelings I got
from my interviews have come good
the people at APR are all friendly and
very supportive, and the work is
wide-ranging and interesting. Perhaps
most importantly for me, though, I feel
like a valued part of the business.
As long as youre happy with the
potential need to travel for some client
projects, I couldnt recommend APR
more highly.
Institute and Faculty of Actuaries
Profile | Jennifer Titterington
With a Mathematics BSc from the
University of Manchester, Jennifer
joined AXA Insurance in August 2015
as part of the Global Actuarial
Graduate Programme.
Why AXA?
Id completed a placement at AXA after
my second year. I spent time shadowing
actuaries and analysts. Having seen the
industry up-close, and having better
understood what an actuary does, I was
set on getting into insurance. I knew AXA.
I knew Id be supported, challenged and
developed. It was the natural choice.
What are you currently working on?
Right now, its a reconciliation of live
rates project. I make sure that AXAs
partners, who are selling AXA products
under different brands, are charging
customers at a rate which AXA expects.
Im liaising with various stakeholders and
underwriting teams. Great exposure,
great networking opportunities.
Your standout experience so far
I was lucky enough to go to Paris head
office last November, to AXAs Global
Graduate Camp. It was a three day event
www.actuaries.org.uk 29
AXA
For more info:
www.axa.co.uk/graduates
which 150 graduates from across the
world attended. It was fascinating to
hear what they were all up to!
The aim of the AXA Global Actuarial
Graduate Programme is to help you
become a fully qualified actuary and,
ultimately, a future AXA leader. The
intake is in September each year, and
there are positions available in AXA
Group and AXA Insurance, across a
number of geographic locations.
Now, you dont need to have studied
actuarial science but you should have
a relevant degree, like maths or
economics. The programme lasts as
long as it takes you to qualify; typically,
thats three to five years. Itll come
as no surprise to hear that therell be
a lot of exams to pass. But youll have
all the encouragement and practical
support you need, including a dedicated
study coordinator.
Throughout the programme, youll be
able to work in different actuarial fields,
including reserving, pricing and capital
modelling. Youll get to work in different
lines of the business, with different
stakeholders. That means real variety
and exposure to the wider business.
There are also opportunities to head
overseas for one of your placements.
Technically, professionally, personally
the AXA Global Actuarial Graduate
Programme will give you the opportunities
and challenges you need to build a
rewarding, stimulating actuarial career.
Directory of actuarial employers | Case Studies
EYs Actuarial practice is part of the
EMEIA Insurance Risk and Actuarial
Services team. We have one of the
largest actuarial teams in the world,
with over 550 professional actuarial
staff in the EMEIA region and
1,100 globally.
As one of the leading consultancies
in the UK we work with some of the
largest financial services companies
in the industry. Our market leading
practice advises our clients on how
to address complex, multidimensional
financial challenges. We specialise
in using sophisticated modelling
techniques and financial analysis to
provide insights as to how clients
can improve their performance.
Working for EY provides the unique
opportunity to work on a wide range
of solutions to solve the issues
encountered by our clients. This will
enable you to develop a wide breadth
of skills and competencies, with many
of these being focussed around the key
actuarial processes and techniques. The
nature of consultancy promises a fast
paced and engaging career.
Profile | Nathan Harrison
30
EY
For more info:
ukcareers.ey.com/graduates
I joined the General Insurance Actuarial
team at EY in 2013, having graduated
with a degree in Mathematics from
University of Manchester. I wanted to
pursue a career that would use and
develop the mathematical skills Id
studied in my degree.
Quickly after starting at EY I was working
on projects with the biggest companies
in the insurance industry, with plenty
of client exposure from an early stage.
Being a consultancy, every project is
different and having the opportunity to
work on reserving, capital modelling and
pricing projects has given me a breadth
of experience at an early stage in my
career. Working with a variety of clients
has ensured the work has remained
engaging and has varied from modelling
interesting niche risks to analysing larger
data sets from which more detailed
conclusions can be drawn.
EY has provided me with endless
learning opportunities, from consulting
skills during my initial induction to
insurance specific learning discussed
during internal conferences held across
Europe and regular office based sessions.
The generous study package on offer
has also enabled me to progress quickly
through the exams.
Being part of a large team has enabled me
to learn from and engage with a number of
different people. There is a lot of flexibility
in the projects I can become involved in
which has enabled me to achieve various
goals both inside and out of work.
Institute and Faculty of Actuaries
We are a multi-award winning,
independently-owned pensions,
benefits, investment and risk
management consultancy. We
specialise in UK lifetime savings
solutions to help make peoples
financial futures more certain in
retirement. Our reputation is built
on our friendly, partnering, confident
and straightforward values and our
independence allows us to put our
clients at the heart of what we do,
and offer flexible and fulfilling
careers to our staff.
Profile | Jordan Irvine
Job Title: Trainee Actuarial can be challenging, but its never
Consultant
Practice area: Investment
University: Heriot Watt
Degree: BSc Actuarial Science
I thoroughly enjoyed the mathematical
and technical aspects of my degree, but
something that I enjoyed even more
was working closely with people. An
important aspect of being a successful
consultant is the ability to work within
a team, and to communicate complex
problems to clients in a way that they
will understand.
www.actuaries.org.uk 31
Hymans Robertson
For more info:
www.hymans.co.uk
A key part of my role as Trainee
Consultant is to support our investment
consultants in all areas of their roles.
A lot of my work involves calculations
and spreadsheets, drafting reports and
providing appropriate advice via email
and phone to our clients. This involves
advising clients on matters such as
the appropriate structure of their
investment portfolio, considering the
full range of asset classes and the
impact of financial markets.
The firm is full of great people, all of
whom go out of their way to help you. I
have been fortunate to work alongside
several senior members of the firm who
are always extremely supportive and
friendly. Working in such an engaging
environment makes every day extremely
enjoyable, as well as allowing you to
actively learn new things. We are given
the opportunity to drive our own careers
and encouraged to work within many
different areas of the business.
At times the job and actuarial study
boring. Im constantly learning (and
improving) and this makes the job
particularly rewarding!
The firm provides an excellent actuarial
study support package which includes
one day off a week, all the relevant study
material and a study mentor to help
guide you. Many other people at the
firm have taken the exams so its always
nice to speak to them and find out tips
for sitting the exams. Working alongside
studying can be rewarding in itself, as
you can see the concepts and theories
youre learning from the textbooks being
applied in real life situations.
Directory of actuarial employers | Case Studies
FIND THE FUTURE YOU. Were the
UKs largest life insurance provider.
We have the responsibility of managing
746 billion in assets and are the UKs
largest manager of pension funds. Our
people have the ownership to create
a positive future where talent thrives
and ambition is fulfilled. Flexibility and
real purpose are things we promise our
people all underpinned by a great
culture and a performance philosophy
thats rewarded with a generous
benefits package.
Profile | Andy Ward
Job title: Actuary
Company: Legal & General PLC
Practice area: Financial Reporting &
Operations
University: University of Exeter
Course: BSc Economics
I joined Legal & General fresh from
university after graduating with a
degree in Economics. My first role was
in a pricing team, where I was involved
with setting the premiums for our Life
Insurance products. Since then I have
had opportunities to explore other
aspects of the business and am currently
managing a Solvency II reporting team.
Having previously completed an
internship in a small insurance firm
32
Legal & General PLC
For more info:
www.legalandgeneral.com
I relished the opportunity to join a
large insurer and to get exposure to
the different areas of the business.
From negotiating bulk annuity deals to
managing the run-off of a With Profits
Fund, there are a wide variety
of challenging and interesting roles
within Legal & General.
Alongside all of this Legal & General
encourages student actuaries to come
together at the end of a working day.
This has helped create a vibrant student
community, through which I have made
some great friends. Each year the
student committee put on a range of
enjoyable events, the highlight being
volleyball on Brighton Beach.
Having worked for the company for
several years I would encourage anyone
starting out on this journey to seize the
opportunity and make the most of your
time here. I feel that my development
has been supported by the experienced
actuaries with whom I have interacted,
my mentors, a generous study scheme
and the complex projects which we
have delivered.
The study scheme includes a rotation
programme which enables students to
acquire a wide and varied experience to
ensure we are fully rounded when we
qualify. It also includes up to 45 days
study leave a year, examination fees,
subscription to the profession and the
costs for all study materials including
tutorials. I know we give students the
opportunity and support needed to
flourish. Legal & General is a great place
to work and offers an exceptional career
path to start, grow and nurture your
actuarial career.
Institute and Faculty of Actuaries
helpful too there really is a sense
Profile | Abdul Gani Mahate
Abdul Gani Mahate started his actuarial
career at the Phoenix Group in September
2015 after successfully navigating his way
through our pre-screening process and
assessment day. We asked Abdul to help
us understand what talents you need to
start an actuarial career.
Why choose an actuarial career?
In my opinion, Actuarial work is the
perfect marriage of maths and business.
Having completed my maths degree, I
didnt want to stay in academia. I wanted
to enter a profession where I would
actually have to use various mathematical
concepts (such as Stochastic Modelling)
in a business environment. I also felt that
my main strengths (logical and analytical)
aligned with the key skills required
and thought that my skillset would
complement an actuarial career. The
most important skill for an Actuary to
possess is the ability to explain complex
concepts to someone with very little
background knowledge.
What does the Phoenix study scheme
involve?
The study scheme at Phoenix is quite
generous - they will pay for your exams,
study material, tutorials and even give you
up to 45 days off during the year to study!
Not only does Phoenix offer financial aid,
www.actuaries.org.uk 33
Phoenix Group
For more info:
www.thephoenixgroup.com
they also assign you with a mentor that
can help with any troubles you may have.
The other students are also extremely
of camaraderie!
Why did you choose Phoenix?
Phoenix is the UKs largest consolidator
of closed life assurance funds, so it has
been on my radar since I chose to go
down the actuarial path. With it being
such a big life assurance fund consolidator,
I would be joining a company with a vast
network of people that could provide me
with invaluable knowledge, experience
and advice.
I also knew of a few people at Phoenix
and from their experience, they said it
was a great place to work flexible work
hours; free lunch (!!!); on-site gym, yoga,
badminton, tennis, football, etc; and of
course the outstanding work culture.
Bearing all this in mind, I opted to take the
plunge and accept the job offer and I must
admit I am yet to be disappointed!
How do you fit in your study around your
work and social / family life?
The key here is time management. As
a student, you are studying full time,
whereas as an actuarial analyst, you are
studying full-time as well as working full-
time whilst simultaneously offering 100%
to both! Adhering to a sensible study plan
is important to track your progress as well
as plan any future holidays!
Any advice to future students?
Consistency is the key. Stay focused.
Develop skills and gain experience
whilst you are an actuarial student that
would help you grow into a qualified and
successful actuary.
Directory of actuarial employers | Case Studies
At PwC we help our clients evaluate
risks to their businesses, using financial
and statistical techniques to analyse the
likelihood and implications of different
events. Its a challenging and highly
technical remit, made even more so
by the need to communicate complex
findings in a simple way, so that clients
can implement actions that best meet
their interests. Very early on youll
get the opportunity to interact with
clients enhancing your experience and
supporting your development along the
way. Actuarial Services works primarily in
the insurance field, as well as the growing
non-insurance field which includes
banking, corporates and healthcare;
People and Organisation cover pensions
and Reward and Employment (R&E).
Profile | Sylvia e
I joined the Actuarial Services practice
at PwC in 2012 with a first class degree
in Mathematics with Economics from
University College London. I joined the
actuarial profession having known for a
number of years that this was the career
path I wanted to pursue. I saw this career
choice as an exciting challenge of my
analytical and numerical skills, and also a
career that would be both rewarding and
challenging. The experiences Ive had at
PwC have exceeded my expectations.
34
PWC
For more info:
pwc.com
Quite simply, theres so much more to
being an actuary than being analytical and
numerate. As a consultant, client service
is everything. Understanding the business
issues faced by the client is essential to the
work I do. Ive been involved in a number
of highly technical projects, but the most
important quality required on each has
been the ability to understand the bigger
picture. As Ive gained experience, Ive
had to handle increased responsibility
over both my workload and the workload
of others. Ive found that good soft skills,
such as communication and organisation,
are key to being able to manage these
responsibilities effectively.
The technical side of the job is naturally
still very important. It may sound clichd,
but being an actuary is such a varied
profession. My own experience has seen
me create benchmarking models for
clients in the healthcare sector, review
Economic Scenario Generators for the
audit of an international life insurer and
validate the internal models of a banks
multi-currency cash settlement system,
to name just a few. On top of this, Ive
had the experience of a six-month
internal secondment to one of PwCs
newest business areas, working in the Data
Analytics team, in which Ive developed
models for the revenue generation process
of an Asset Manager. Theres a lot of
variety here for exciting opportunities, and
you really feel in control of your career
from day one.
PwC has proved to be a fantastic choice
for me. Ive had the opportunity to work
alongside industry experts from a variety of
professions, in a wide variety of traditional
and non-traditional actuarial fields.
Institute and Faculty of Actuaries
Redington
For more info:
redington.co.uk
Imagine working for a company that This is the experience of fellow actuary
invests in you. A company offering Steven Yang Yu.
fascinating challenges in a small but
rapidly growing team. The day-to-
day variety Redington provides could
overwhelm the faint hearted. But if you
love to learn and want to put your skills
to good use, then there is no better
place to do it.
Redington is an independent, innovative
and forward-thinking investment Profile | Steven Yang Yue
consultancy. Our core business is with
pension funds and long-term savings
institutions. For you as an actuary, your Redington is fast-growing and ambitious
scope is not limited. You have the entire thats why I choose to work here.
company to explore, so your journey
When I joined Redington in early 2007,
can take you from investment consulting
I was the second member of the firms
and manager research to asset & liability
asset liability modelling (ALM) team. My
management. Whats more, you have the
team was instrumental in developing
opportunity to work with a wide range
Redingtons ability to provide ALM and risk
of Redingtons associates. This includes
analytics, investment strategies, portfolio
trustees, senior corporate sponsors, asset
solutions and risk reporting services.
managers, private equity houses and
investment banks. More recently, I have advanced into
management and leadership, with
The investment case is built around
responsibility for a team of 17 that
you. Redington provides you with
services Redingtons 350 billion client
comprehensive actuarial training
base. I have also helped shape the firms
support and an on-the-job development
training and development programme,
programme. And for more experienced
as well as developing its business
actuaries, there is range of non-technical
strategy outside the UK.
(soft skill) training such as leadership,
influencing and negotiation skills. Ultimately, Redington has opened up
Redington also offers regular one-to-one to me whenever I have been ready
coaching from external experts to meet to progress. This is a tremendously
your long-term career goals. liberating way to work.
Redington has a wide-open-door policy, I have a BA in mathematics from the
welcoming applications from across the University of Cambridge, a Masters in
financial industry and beyond. In return, actuarial science from CASS Business
you must have a strong educational School and I qualified as a Fellow of
foundation, a dedication to excellence the Institute of Actuaries in 2011.
and a curious mind.
www.actuaries.org.uk 35
Directory of actuarial employers | Case Studies
Profile | Divya Karthikeyan
Company: Willis Towers Watson
Location: London
Practice area: Retirement
University: University of and varied work environment makes the
Cambridge
Course: Master of Mathematics
(MMath)
I joined Towers Watson in September
2015 as part of the Graduate Scheme,
having interned at Towers Watson in the
summer between my second and third
year of university.
Having studied mathematics at
university, I was keen to pursue a career
that used the highly numerate and
technical skills I had developed to solve
real world problems. Interning, and
consequently working at Willis Towers
Watson has confirmed to me that an
actuarial career is the perfect fit.
In the 8 months Ive been in the
Retirement department at Willis Towers
Watson , thanks to the large pool of
clients it advises, Ive been pleasantly
surprised by the sheer variety of work
and clients I have been involved with.
These projects include several corporate
accounting disclosures, numerous
36
Willis Tower Watson
For more info:
www.willistowerswatson.com
individual member calculations,
preparation of reports for pension
scheme valuations, just to name a few
(several of these often balanced in the
same working day!). I have found my
client teams to be incredibly supportive
whenever I have questions, yet also keen
to give me greater exposure so that I
understand the processes and purpose
behind what I am doing. Further, I have
worked directly with a range of people,
from those in the years immediately
above me to Scheme actuaries to those
in the research department. The wide
Retirement department at Willis Towers
Watson an exciting and fast-paced place
to work!
With the career comes the actuarial
exams - having just completed my first
exam sitting, I found balancing the job,
and life in general, with studying to
be very challenging, especially in the
month leading up to exams. However, I
did find it rewarding to supplement my
day to day work with the mathematical
and economic theory behind it, and
Willis Towers Watsons generous study
support in the form of study days and
budget, study champions and of course
the network of actuarial students in the
company greatly helped.
In addition to the excellent professional
opportunities to seize at Willis Towers
Watson, the people are what make
it a lovely place to work - the work
environment is a friendly, diverse and
intelligent one, and there is a strong
social side too, from sports teams to
charity fundraisers!
Institute and Faculty of Actuaries
Xafinity
For more info:
xafinity.co.uk
Xafinity is a market leading actuarial,
pensions and employee benefit
consultancy providing a full range of
consulting and administration services to
over 500 clients. We combine expertise,
insight and technology to address the
needs of both trustees and companies,
specialising in pension derisking solutions.
Profile | Patrick Cullen e
Our actuaries are employed in the
consultancy division and we recruit
Graduate Actuaries each year, as it is
Job Title: Actuarial Assistant
important to our business to grow and
Location: Reading
develop this talent.
Practice area: Pensions
Our Graduates work alongside qualified University: Loughborough
actuaries and other actuarial students, Course: Bachelor of Mathematics
and are exposed to real client issues
After I graduated from Loughborough
from the start.
University, I carefully considered various
Actuarial students are encouraged to career options. I was drawn to the actuarial
study for the actuarial examinations. We profession because it felt like a natural
will provide you with paid study leave, as progression from mathematics.
well as meeting the cost of subscription,
The Xafinity assessment centre was
tuition courses and examinations.
challenging but had a friendly and
Why work for Xafinity? approachable atmosphere. There were lots
of opportunities for me to ask questions
Xafinity is an award winning specialist
to members of the actuarial teams which
provider of pensions and employee
gave me a good understanding of the
benefits expertise
supportive working environment.
Our intensive training is designed to
My role involves a wide variety of work
enhance your potential for the long term
and allows me to learn new things every
The study package is generous and day. Since joining one year ago I have been
has the flexibility for you to progress involved with pension scheme valuations,
through the exams at your own pace corporate accounting disclosures and
and we offer support and individual member calculations.
encouragement at every stage
The biggest challenge I have faced is
balancing work, study and having a social
life. Xafinity makes this easier by offering a
competitive study package and regularly
organising social events such as football
matches, pool tournaments and quizzes.
www.actuaries.org.uk 37
Directory of actuarial employers | Accredited Firms
NEWTON RECRUITMENT
Specialising in Actuarial Careers
Recruiting the best talent for
industry leading firms
A number of actuarial employers have Firms accredited:
been accredited with the QAS mark.

CERA
Aon Hewitt Limited - Retirement &
This is a mark of approval provided

F A
Investment Consulting Business

F
by the IFoA to organisations that

FIA AFA
meet our criteria. Amongst other Barnett Waddingham LLP

A I A
factors, a QAS accredited employer Buck Consultants Ltd

CAA
has been independently assessed

iate
Deloitte LLP, Deloitte MCS Limited

f fi l
as demonstrating commitment to

nt A
and Deloitte Total Reward & Benefits

Stu d e
providing a working environment that
Limited Actuarial, Reward and
supports employees in meeting their
Analytics Function
professional obligations and supporting
First actuarial LLP

l
and facilitating the development and
CA3
training of employees at all stages of Hymans Robertson LLP Investment,

l y
d__
Actuary) d(middle)
their career. Actuarial Benefits and Consultancy,
CT9
+ (PQ
ctuarial stu de d(start) l A1
y
d__
nt)
Risk Modelling and Consulting practices

A = (A
F IA / F F
lCT1
JLT Benefit Solutions Trustee,
Corporate and Investment C

ional)
Consulting divisions
t=3
l rk + Profess
( sed
Lane Clark & Peacock LLP

+ Wo

--
SA

//
skills
Mercer

//
) d__y
+ (PQ Actuary d(home stretch) ba
lST course
Milliman LLP & Milliman Financial

skills
t=1
Strategies Limited Life & Financial
Services Consulting; Property &
Casualty Insurance Consulting;
Health Consulting; and Financial
Risk Management practices
Punter Southall Limited & Punter
Southall Investment Consulting Limited
Towers Watson Limited
To find out more visit:
https://www.actuaries.org.uk/QAS

Contact
actuary@newtonrecruitment.com
t 01689 862937
w www.newtonrecruitment.com

Investment Pensions Life Insurance General Insurance

Health & Care Risk Management
38 Institute and Faculty of Actuaries
 Qualify as
a Fellow of
the IFoA
Discover
where a
career with
PwC could
take you
Were one
of the UKs
leading
Actuarial
practices

Chirag | AXA Graduate

The experience stays with you

Work in: Opportunities are at the heart of a career with PwC. Opportunities Do you ever wonder about the
Actuarial to grow as an individual, to build lasting relationships and to never-been-done, the what-could-be?
Assurance make an impact in a place where people, quality and value mean The world is constantly changing and we want to
Consulting everything. If you have what it takes to boost the performance of lead the way. At AXA, were thinking far beyond what
Deals some of the worlds biggest companies and help them handle a you would expect in order to better care for our 103
PwC Legal wide range of business issues and complex commercial challenges, million global customers. And were looking for curious,
Tax we have what it takes to make sure you thrive. challenge-hungry minds to help shape the future.
Technology
Take the opportunity of a lifetime If youre ready for a unique learning experience where
pwc.com/uk/careers youll go further, faster, where youll be challenged,
developed and supported every step of the way,
join our Global Actuarial Graduate Programme.
/pwccareersuk
@pwc_uk_careers
www.axa.co.uk/graduates
Create value through diversity.
2016 PricewaterhouseCoopers LLP. All rights reserved. Be yourself, be different.
London
7th Floor Holborn Gate 326-330 High Holborn London WC1V 7PP
Tel: +44 (0) 20 7632 2100 Fax: +44 (0) 20 7632 2111
Edinburgh
Level 2 Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
Tel: +44 (0) 131 240 1300 Fax: +44 (0) 131 240 1313
Oxford
1st Floor Park Central 40/41 Park End Street Oxford OX1 1JD
Tel: +44 (0) 1865 268 200 Fax: +44 (0) 1865 268 211
Beijing
6/F Tower 2 Prosper Centre 5 Guanghua Road Chaoyang District Beijing China 100020
Tel: +86 8573 1522
Hong Kong
2202 Tower Two Lippo Centre 89 Queensway Hong Kong
Tel: +11 852 2147 9418
Singapore
163 Tras Street #07-05 Lian Huat Building Singapore 079024
Tel: +65 6717 2955

Email: careers@actuaries.org.uk
www.actuaries.org.uk/become-actuary