Actuary

Actuary

“An actuary uses mathematical skills to measure the probability and risk of future events, and their financial impact”

An actuary engages in financial modelling, using mathematical skills to measure the probability and risk of future events, and their financial impact on a business or individuals. As an apprentice, you’ll learn to ply your trade in different areas, such as insurance, pensions, healthcare, investment and financial risk management. Working as part of a team, you’ll analyse significant bodies of data, build mathematical models to evaluate financial risks, and communicate the results to non-specialists. Maths and analytical skills are key, but you’ll also develop the ability to communicate complex subject to laymans. Depending on the industry, you’ll work in pricing and product development, reserving, capital modelling and risk management (insurance), or in less traditional fields, such as banking. This apprenticeship will allow you to apply for professional membership of the Institute and Faculty of Actuaries.

Duration: 36 months

Relevant school subjects: Maths and science

Entry requirements: A degree in maths, statistics, economics, engineering, chemistry or physics; a degree in a different subject with an A-level in maths at a grade B, or equivalent; or a level 4 actuarial technician apprenticeship

Achievement upon completion: Level 7 (Higher)—equivalent to a foundation degree

Potential salary upon completion: £45,000 per annum

More information: www.instituteforapprenticeships.org/apprenticeship-standards/actuary

Apply: www.apprenticeshipguide.co.uk/vacancies