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Graduate Consulting - Actuarial Manchester Autumn 2020

Location:
Manchester
Company:
KPMG

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Job description

Acting as an expert adviser to the insurance industry, our Actuarial team help organisations to manage financial risk. Here, you’ll be given the chance to use detailed analysis of past events to create accurate models of the future – and crucially, advise on their financial implications. It’s a highly technical role, best suited to graduates who are numerate, extremely ambitious and able to communicate complex ideas to non-specialists. Our Actuarial Graduate Programme is a great opportunity to build a varied career, gain the Actuarial qualification in three to five years, benefit from a range of training options and help clients to solve complex business challenges. Within Actuarial, there are two different areas which you could join:

Life Actuarial Services provides advice to the Life Insurance industry, who in turn provide investment related products (such as endowments or insurance bonds) or protection products (such as term assurance policies or critical illness cover).

General Insurance covers the spectrum of business and personal risks, with types of insurance ranging from standard car and house to more exotic insurances covering satellites, oil rigs or hurricane damage. Changing regulations, new products and developing markets mean that nothing stands still in this challenging and demanding business area.

Capability:
Consulting
Programme Length:
3 years
Qualifications:
Fellow of the Institute and Faculty of Actuaries
Entry Requirements:

As a general rule, you’ll be expected to meet the following requirements (*or equivalents)

  • Minimum Grade A GCSE* Maths
  • Minimum Grade A GCSE* English Language
  • Minimum of 340 UCAS* tariff points
  • Minimum 2:1* in a numerate degree in one of the following: Maths (exc. Actuarial Science), Economics, Physics or Engineering

Please note, we only consider a candidate's 'top' 3 A-Level grades and do not accept General Studies.

At KPMG, we look at more than just your academic results. We will review your application, together with your performance in our assessments, to ensure that you have the best opportunity to demonstrate your potential. We will be considering your strengths and achievements alongside a number of other metrics, including technical background and/or experience, to ensure that you have the skills to succeed at KPMG.

Key Skills:

Throughout the recruitment process we will be looking to learn more about your strengths.

To be successful on this programme, you will be required to demonstrate the strengths that we look for in our graduates at KPMG.

Learn more about what we look for and how to apply here.

Training and Development:

From day one you’ll be on a structured training path towards gaining a professional qualification, studying towards the Institute and Faculty of Actuaries' exams on subjects including:

  • Financial Mathematics and Modelling
  • Probability and Statistics
  • Financial Reporting and Economics
  • Actuarial Risk Management
  • Life and General Insurance

Exams are held twice a year, and you can sit as many papers as you like in one sitting. At KPMG we encourage and reward quick qualification and expect our students to qualify in 3 to 5 years. Studying is primarily undertaken by a correspondence course; you will also receive internal support from KPMG and attend external tutorials. You will need a high level of commitment.

Additional Information:

You’ll benefit from the support of a qualified Actuary as your study mentor. We’ll also cover the cost of exam entry, study materials and tutorials as long as you continue to make good progress. In order to prepare fully and qualify quickly, you’ll be allowed a number of 'study days' per exam too, up to a maximum of 40 a year.

A high level of numeracy and an analytical approach to your work is clearly important in a business sector that can involve detailed statistical modelling and financial mathematics. You’ll also need good communication skills – working with our clients to understand their needs and help them deliver business critical projects. A strong understanding of business issues and how legislation may affect them is also an advantage.

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