Actuarial
As one of the UK’s largest Actuarial practices, we're market leaders in providing insights and solutions for businesses facing complex risks. We support clients through uncertain times by analysing future events and their potential impacts. Our Actuaries use risk and analytical skills to assess the effects of changing demographics, legislation, financial markets, or how a natural disaster is likely to impact our clients. You’ll learn to apply complex financial and statistical theories to evaluate risks and predict outcomes, and you'll also develop the ability to present findings clearly. Early client exposure will further broaden your experience.
Actuarial and Risk Modelling Services
Our Actuarial practice is part of Risk Modelling Services, with offices in London, Edinburgh, Manchester, and Bristol. We're one of the largest teams, serving clients in insurance, healthcare, banking, investments, and government. Our team includes actuaries, data scientists, and advanced analytics practitioners using cutting-edge technology to solve client problems. We encourage early responsibility and career development, aiming to create accomplished consultants, not just technically strong analysts. You'll gain exposure to diverse projects and collaborate with specialists from other PwC disciplines such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Forensics, Audit, and Tax. We work on both actuarial-led projects and provide specialist advice on broader engagements.
What you'll do
As an actuary, you'll help clients analyse future uncertainties across various sectors, including insurance (life and general), banking (retail and investment), healthcare, public sector, and non-financial services like energy and utilities. Your advice will cover economic capital, risk management (including GenAI), liabilities, M&A, restructures, financial modeling, valuing financial instruments, stress testing, ESG modeling, and product viability.
Key Responsibilities:
* Communicate complex concepts clearly to senior management for evidence-based decisions.
* Collaborate in multidisciplinary teams to analyse and model risks across sectors.
* Learn and apply knowledge about industry trends, such as life expectancy, climate change impacts, and pandemics.
* Provide specialist advice in audits of insurers and banks, ensuring liability adequacy.
* Help clients adapt to changing economic conditions and regulatory requirements, including ESG.
* Draft reports and presentations, using data visualisation to explain findings.
What you'll need
You should be a first-year student in a three-year degree course or a second-year student in a four-year degree course. You must be on track to pass an undergraduate degree in any subject, based on your most recent academic grades.
While no specific degree or A Level subjects are required, the Institute and Faculty of Actuaries (IFoA) recommends a maths-based degree due to the rigorous qualification process. If you lack a maths-based degree, consider taking a non-member exam to prepare.
When to apply
Once you have submitted your application you'll have seven days to complete the online test, this is the first stage of our recruitment process. Applications for this role may close early should we receive a high volume of interest so we recommend prompt application to avoid disappointment.
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