Actuarial UK Graduate Apprenticeship Programme

Summary

Join Lloyd’s largest syndicate and be part of a global operations team, supporting our Underwriting and Claims team. Underwriting and Claims Operations teams provides bespoke support to Underwriters and Claims Managers worldwide Great benefits including paid travel to work, paid lunch, £100 lifestyle allowance, pension contribution.

Annual wage: £33,000 a year
Minimum wage rates (opens in new tab)
Training course: Actuary (level 7)
Hours: Monday - Friday, 9.00am - 5.00pm. Hybrid working available & flexible hours (depending on team accommodation)
35 hours a week
Possible start date: Monday 1 September
Duration: 2 Years
Positions available: 2

Work

As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.

What you’ll do at work

Training the Actuaries of the future, teaching that no problem is out of reach
The Actuarial function at Beazley comprises a range of diverse teams whose goal is to fundamentally help manage risk and provide insights to the business through complex modelling and statistical analysis
Our Actuarial function is made up of Reserving, Capital, Analytics, Pricing, IFRS 17 & Reporting and BIDAC teams which are overseen by the Chief Actuary. We team members in the UK, Republic of Ireland and across the US
Our actuaries are experts in their areas, undergoing years of professional qualifications as well as having significant industry experience and keeping up to date with industry developments to ensure we stay at the cutting edge of our profession
Join the Beazley actuarial grad programme and work across one of our various teams to drive real business value through modelling and insights
We offer our graduates a multi-year immersive training experience as well as help you to progress on a clear path to qualification

Where you’ll work

Cornerblock

2 Cornwall Street

Birmingham

B3 2DX

Training

An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.

College or training organisation

BPP ACTUARIAL EDUCATION LIMITED

Your training course

Actuary (level 7)

Equal to master’s degree

Course contents

Apply tools and techniques to assist strategic thinking needed for a role in wider management

Interpret the accounts and financial statements of companies and financial institutions

Build a model, analyse the data, methods used and outputs generated and document the work (including maintaining an audit trail for a fellow student and senior actuary)

Communicate the approach, results and conclusions to a senior actuary

Communicate effectively, both written and orally, when relating concepts used by actuaries to recipients without specialist actuarial expertise, using effective structure, appropriate language and adequate explanation

Apply actuarial techniques to analyse business problems and then formulate, justify and present plausible solutions for consideration

Your training plan

Actuary (Degree) Level 7 Apprenticeship Standard
Apprentices without level 2 English and maths will need to achieve this level prior to taking the end-point assessment

More training information

The Actuary standard requires registration with the Institute and Faculty of Actuaries (IFoA). Before apprentices can progress through the gateway, they must complete the Personal and Professional Development requirements of the IFoA Associateship level and pass IFoA exams: CT1 to CT9 (inclusive) and CA1 to CA3 (or the equivalent exams following the syllabus changes for the 2019 exams, ie CS1-2, CM1-2, CB1-3, CP1-3)
On completion, apprentices are eligible to apply for Associateship membership of the IFoA, subject to completing any further requirements as required by the professional body. As well as ensuring full competency as an Actuary, this standard provides the foundation for progression into Fellowship of the Institute and Faculty of Actuaries

Requirements

Essential qualifications

A Level in:

Maths (grade A)
Any numerical degree (grade 1st or 2:1)

Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.

Skills

Communication skills
IT skills
Attention to detail
Organisation skills
Problem solving skills
Presentation skills
Administrative skills
Number skills
Analytical skills
Logical
Team working
Initiative

About this company

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities, and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions, and contingency, covering risks such as the weather, film production or protection from deadly weapons.

http://www.beazley.com (opens in new tab)

Company benefits

Annual bonus, Reimbursed office travel up to £3250 per year, £100 monthly lifestyle allowance, £550 remote office set up allowance, additional holiday buy scheme, flexible bank holiday policy, private healthcare, generous pension + many more

After this apprenticeship

Once completed the apprenticeship you will roll off into a permanent role in the Actuarial department

Ask a question

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