Actuarial technician

Actuarial technician

“Actuarial technicians help colleagues to build mathematical models to make financial predictions for clients”

The actuarial profession is a diverse sector that focuses on the management of uncertainty and risk. Actuarial teams build mathematical models to predict future financial outcomes—from setting car insurance premiums to helping people provide for retirement. This apprenticeship is an entry-level role into the industry and is supported by the Institute and Faculty of Actuaries. As an apprentice, you’ll work as part of a team supporting qualified actuaries using data to provide solutions. Your duties could include: data preparation and checking for accuracy; using spreadsheets and models to populate reports and presentations for clients; and technical support for the wider actuarial team. This apprenticeship will allow you to apply for professional membership of the Institute and Faculty of Actuaries.

Duration: 24 to 36 months

Relevant school subjects: ICT and maths

Entry requirements: Depend on employer, but likely A-levels or equivalent qualifications

Achievement upon completion: Level 4 (Higher)—equivalent to a foundation degree and above

Potential salary upon completion: £18,500 per annum

More information: www.instituteforapprenticeships.org/apprenticeship-standards/actuarial-technician

Apply: www.apprenticeshipguide.co.uk/vacancies