Job description
Our Actuarial team helps insurance organisations manage financial risk by analysing past data and advising on financial implications using our in-house reserving models. Industrial placement students joining this program will gain expertise in actuarial skills such as reserving, data analytics, and regulatory reporting, alongside key consulting skills. You will work with some of the world's most recognisable companies, including those listed on the London Stock Exchange, as well mutual and proprietary businesses. Our Actuaries work across both life and general insurance industries, addressing diverse client needs.
As part of our General Insurance team, you will:
- Perform independent calculations to estimate reserves for different classes of insurance;
- Perform detailed testing of claims data to challenge management on trends in large and unusual movements;
- Review the methodology and assumptions selected by management in their calculation of reserves;
As part of our Life Insurance team, you will:
- Create independent cashflow models for products such as annuities, whole life, and term assurance, and compare the output with models received from clients.
- Review methods to derive assumptions such as lapse, mortality, longevity, mortality trends, morbidity, expenses, discount rates (both deterministic and stochastic), and matching adjustments used in the cashflow projection models.
- Use actuarial techniques to create independent expectations to review assumptions related to annuities, whole life, term assurance, and health products.
Other general activities will include:
- Provide support in writing technical reports
- Assist in creating presentations in non-technical language for non-actuaries
- Develop client relationships through meetings, social activities, and gaining an understanding of their business/industry.
Subject to performance on the placement, you will be offered a permanent role to return in September 2027 in the actuarial team. After completing your degree, you will re-join as a second year trainee and commence your fully funded actuarial qualification (Institute and Faculty of Actuaries, IFoA).
Learning and development
If you are offered a permanent role to return at the end of your placement, you will re-join as a second year trainee and commence your actuarial qualification (Institute and Faculty of Actuaries, IFoA.)
Our supportive culture includes coaching, mentorship, and one-on-one guidance. You will be allocated a buddy before joining who will support you to settle into the team and navigate your first year at Forvis Mazars.
You will also receive comprehensive quality training and development to excel in your professional career; this includes development in professional excellence, client excellence, digital excellence, and technical excellence. Our goal is to support you in reaching your full potential and become a standout talent.
What we are looking for
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- You must be in the penultimate year of your undergraduate university course (the placement must take place either in your 2nd year of a 3 year course or 3rd year of a 4 year course)
- On track to receive a 2.1 or above in a relevant degree (e.g. Maths, Physics, Economics, Engineering or Actuarial Science)
- An 'A' or above in A-Level Mathematics or equivalent qualification;
- Deep curiosity to learn new things and is naturally inquisitive;
- The ability to think critically solve problems and share knowledge with others;
- A commitment to self-development and learning;
- Strong sense of ownership of duties and high levels of responsibility to deliver on promises;
- Always looks to try their best in all they do and always looking for ways to improve;
- Enjoys meeting and engaging with new people with an underlying respect for individuals, diversity, and integrity;
- Works well under pressure and have a positive ‘can-do' attitude if faced with challenging situations;
- Excellent time management skills;
- A willingness to travel and adhere to our flexible working environment.
Accepted degree subjects
Any
Additional job details
- Location
- Leeds
- Salary
- Competitive salary
How to apply
Click Apply to start your application now. This job will be available on 蘑菇视频黄片 until 31 January 2025
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Closing date: 31 January 2025