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Graduate Trainee Actuary - Government Actuary's Department

Employer
Reed
Location
London
Salary
32935.00 - 32935.00 GBP Annual
Closing date
20 Dec 2023

View more

Specialism
Finance
Sector
Banking & Financial Services
Role Type
Graduate, Other work and training
Start Date
Immediate
Duration
Permanent

Have you ever thought about working as an actuary and in the heart of government?

Do you enjoy analysing large datasets and helping others to make decisions that will have long-term implications for the country?

Consider the role of Graduate Trainee Actuary at the Government Actuary's Department!

Job title: Graduate Trainee ActuaryCompany: Government Actuary's DepartmentLocation: LondonSalary: GBP32,935 p/aJob type: Full-time, permanent, 36 hours p/wStart date: July to September 2024

About us:

We are at the centre of actuarial expertise within government providing advice with strong analytical foundations to government across a range of significant policy initiatives. We enable government to better understand and quantify risk and uncertainty and in turn help shape better outcomes for the UK public.

We are an inclusive organisation which values the strength of a diverse team, supported through staff networks and an active Diversity and Inclusion strategy. We are looking for motivated individuals to join our analytical team and encourage all to apply.

Entry requirements

  • First or high 2:1 Honours degree in a subject with high mathematical content
  • A level (or equivalent) mathematics at grade B or above

What the role is about:

As a graduate trainee, you will play a crucial role at the Government Actuary's Department (GAD) by working with other professionals to produce high quality advice and analysis for government. This will include actuarial advice across government in a wide range of areas including:

  • applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK
  • managing costs and risks across the public service workforce, including the design and operation of public service pension schemes
  • understanding insurance risks and costs affecting government, including clinical negligence in the NHS
  • delivering bespoke advice on financial and demographic risks facing government, including social security benefits

Responsibilities:

  • Produce actuarial analysis to inform GAD's advice to government departments, across areas of insurance, investments, pensions, and risk
  • Support client engagement by drafting reports and advice as well as providing support in meetings and presentations
  • Manage your time to deliver your work to time and budget. You may also be responsible for assisting with broader project management and development of junior staff
  • Proactively develop your knowledge and understanding of actuarial methods and analysis, data science, the issues and risks facing government as well as how GAD can best provide advice to our clients
  • Identify and suggest new ways of working and areas where GAD can provide advice.
  • Work within GAD's professional standards and departmental procedures and guidance notes
  • Use MS Office and modern data science languages such as R and Python to carry out analysis and prepare advice for clients

Our goal is to integrate modern analytical and actuarial techniques into the business of government to achieve better outcomes for decision-makers and the public.

Typical areas of our work include the effective management of social security, pensions and risk-pooling arrangements, as well as bespoke advice including disaster risk protection.

Work as a trainee actuary:

Our trainee programme will support you in reaching your full potential as an expert adviser within the heart of government, including generous support through your actuarial exams and opportunities to develop your consultancy skills.

Government has a wide need for actuarial advice which is growing over time as the world becomes more complex. GAD's staff need to be equipped to work across a range of different areas to rise to the challenges of the future.

As a Junior Trainee Actuary in GAD, you will develop both your technical and consulting skills through our structured rotation programme. This programme will help you develop your communication, client engagement and project management skills, as well as your understanding of key actuarial and analytical techniques.

We also encourage trainees to undertake secondment opportunities and work directly with clients and colleagues in major government departments.

What's in it for you:

  • The opportunity to work on unique projects, clients and challenges which make a difference for the UK public
  • The ability to have great work life balance, with flexitime working and support to allow you to work in a hybrid manner at home and our London office
  • Access to a wide range of training opportunities to develop your career as an analyst in government.
  • A great benefit package, including access to a generous defined benefit pension scheme
  • 25 days annual leave per year, increasing to 30 days after 5 years' service. In addition, we offer 9 days public and privilege days leave per year
  • Generous defined benefit Civil Service pension scheme
  • Access to employee assistance programmes and occupational health
  • Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave

If you can see yourself as a Graduate Trainee Actuary for the Government Actuary's Department, please apply now.

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