What will the apprentice be doing?
Some of the tasks and projects you'll be involved in are:
What training will the apprentice take and what qualification will the apprentice get at the end?
- Using Excel to prepare data for input into a model and checking the data for accuracy.
- Using the output of spreadsheets and models to populate reports and presentations.
- Drafting responses to internal and external queries and assist in the analysis underlying external publications related to levy.
- Learning to use technical software and tools.
As an Actuarial Apprentice with BPP, you will complete the Actuarial Technician Level 4 Higher Apprenticeship. As part of this apprenticeship, you will complete Actuarial Technician modules in Practical Mathematics and StatisticsAnd Finance and Financial Mathematics.
As an apprentice, you will spend 20% of your time working towards achieving your Level 4 Actuarial Technician qualification, the rest of your time will be spent working with your team and gaining the skills you need to build your expertise.
You will learn:
What is the expected career progression after this apprenticeship?
- Actuarial Techniques - actuarial modelling techniques for the pensions industry
- Processes and Principles - Technical know-how and general awareness of the impact of the various actuarial concepts, models and approaches, e.g. how changing the assumptions into a model (such as future rates of inflation) affects the output, such as the value of liabilities of a pension scheme
- Technology - A good understanding of how actuarial software, technology and tools can be used to provide answers and solutions to clients, e.g. using Microsoft Excel to manipulate large data sets.
- Industry regulation - A broad understanding of the structure of the Financial Services market, the Institute and Faculty of Actuaries and the professional requirements and regulatory environment in which they operate.
The actuarial apprentice role will progress the individual on the path to becoming a pensions actuary. To become a qualified actuary, the individual will have to take a series of exams, alongside continuing in an actuarial role.
Requirements and prospects Desired skills and personal qualities
Communication skills, IT skills, Attention to detail, Organisation skills, Problem solving skills, Number skills, Team working, Initiative Qualifications
A Level or equivalent Mathematics (Grade B or above) Essential Things to consider
Please ensure that you apply for the position as soon as possible to avoid disappointment. The closing date is a rough guideline as to when an advert will close. The advert may close before the given closing date if the employer has filled the position(s). BPP have a dedicated team who support students with disabilities, learning difficulties, health conditions and wellbeing. Please contact us at email@example.com if you have any queries or would like more details.