Graduate Actuarial Analyst Jobs

Your responsibilities will include:

• Understanding and using complex mathematical formulae
• Using spreadsheets and software to complete analysis
• Providing technical support to a team of actuaries
• Writing reports on your findings and presenting them to relevant figures

Actuarial analysts will have:

• Strong mathematical and statistical abilities
• Capacity to analyse data and solve problems
• Capacity to carry out statistical analysis
• Ability to produce clear reports and summaries
• Good communication skills
• Good commercial awareness
• Ability to work alone and as part of a team

You will typically work 9 to 5, Monday to Friday, but overtime may occasionally be required.

For the most part, actuarial analysts will be based in an office.

This is likely to be local or national - wherever your clients are based.

The average starting salary is around £20,000. Professional actuaries earn on average £52,000, whilst consultant and senior roles will pay more.

There will be opportunities to work in the UK and overseas, as an actuarial qualification with the Institute and Faculty of Actuaries (IFoA) is internationally recognised.

With experience, you will be demand in many areas of the financial services sector, such as pensions and life insurance. You may progress to become a senior actuarial analyst.

Work experience in the financial services industry, such as insurance, will put you at an advantage. You may be able to undertake work experience in consultancies such as Ernst & Young or Deloitte. Other skills in numeracy, IT and problem solving, will also be beneficial.

If you wish to become a qualified actuary, you will need to take several exams while working as an analyst or trainee actuary.

Specific degrees are not essential but may be beneficial in subjects such as business studies, economics, engineering, physics, maths, or statistics.

Institute and Faculty of Actuaries (IFoA)