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Rothesay is hiring an
Actuarial Summer Internship 2024
Application deadline: 17 November 2023
Programme start date: 15 July 2024 (8 week programme)
Eligibility: Penultimate year undergraduate students
Who we are:
Rothesay is a leading UK pensions insurance specialist. Purpose-built to protect pensions, we manage over £48bn of assets and securing pensions for over 840,000 people. We secure pensions for over 200 pension schemes and insurers including British Airways, Post Office, ASDA, National Grid and Aegon.
At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.
Our internship programme is designed to provide hands-on work experience within a fast-paced financial services environment, allowing you to develop the key skills to jump-start your career.
The 8-week structured programme will start with a fundamentals week offering insight into Rothesay, your team, and the financial services industry. Throughout the programme, there will be both on-desk and off-desk technical and business skills training, providing career-building exposure to accelerate your future after you graduate. You will gain visibility and experience in a flat structure, with the opportunity to network and socialize across different levels and teams throughout the firm. Rothesay is a rewarding place to work, where quality people can thrive and prosper.
We have vacancies in the Pricing and Reinsurance team and the Capital team. The Pricing and Reinsurance team focuses on the pricing, underwriting, negotiation, and execution of new pension and reinsurance deals, working with a focus on the largest deals in the market. The Capital team focuses on life insurance reporting and the monitoring of regulatory and economic capital, the computation of balance sheet impacts for a wide range of prospective asset and liability transactions, and delivering strategic regulatory-driven projects.
Candidates would be expected to study for the Institute and Faculty of Actuaries (IFoA) qualification with an expected specialism in pensions or life insurance. When you join us, your work will be highly varied involving all aspects of pensions and insurance actuarial work, and will involve significant interaction both internally with other teams and disciplines throughout the business, and externally, with clients and advisors. You will need to be able to balance teamwork, intellectual curiosity, and leadership potential with a passion for excellence and an interest in the financial markets.
What we offer
- A meritocratic, driven and stimulating environment where success and achievement are rewarded
- Work with support from leaders in the industry and excellent on-the-job training supplemented with class-based business training where best applied
- A competitive starting salary with a performance-related bonus
- A full study support package (including a study budget and up to 40 study days per year) will be provided as you work towards your IFoA fellowship qualification
What we are looking for
- We recruit from all academic disciplines; although a high degree of numeracy is essential.
- Impeccable academic credentials are essential. You must have an expected degree minimum of a 2:1 or equivalent from a leading university.
- Internships & work experience in the financial services sector is desired but not essential.
- You will need to demonstrate a clear interest and intellectual curiosity in the financial markets and an interest in applying your knowledge and skills to the pension insurance market.
- You must be available for permanent work within 2 months of your graduation in 2024
- Fluency in English is a prerequisite.
This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level. The role shall be performed within a professional office environment. Rothesay Life has health and safety policies that are available for all workers upon request. There are no specific health risks associated with the role.
Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.
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