Graduate Actuarial Consultant

Location: In this role, you'll be based at your home in the UK, but will be expected to make frequent visits to our offices in London or Glasgow.

Salary: £29,000 for Glasgow / £31,000 for London

Start date: Autumn 2024

Hours: Full-time

The role will include a wide variety of assignments and be part of the team providing actuarial services within the Life Insurance and/or General Insurance market.

We are looking for individuals who are conscientious and will work effectively in a friendly and supportive team of actuaries and consultants and who take pride in delivering excellent work. Teamwork and collaboration is a vital part of our culture so this is a great opportunity for a motivated and enthusiastic team player keen to immerse themselves in a multi-faceted role.

This role is ideally suited to someone undertaking an Actuarial Science, Mathematics, Business Degree or similar. The role offers exposure to a range of opportunities to develop your skills in client relationship management and business development. As part of a small team, you will have a unique opportunity to influence the way that we work, and to gain real world experience of how a business operates.

Key responsibilities:

• financial modelling for insurance clients, including:
• data reconciliation
• model point testing
• model development
• assisting with experience analyses, including morbidity, mortality and persistency
• setting up valuation runs in Mo.net financial modelling software
• calculating policy liabilities, alongside resilience, expense reserves and other required reserves in Excel
• assisting in the preparation of reports
• preparing the relevant statutory returns
• documenting the work undertaken and processes carried out to regulatory and professional standards.

We are looking for someone who:

• is willing to attend training sessions and develop relevant knowledge, techniques, and skills
• is on track to graduate with a 2.1 or above at bachelor’s degree level (numerate degree preferable)
• has an A level (or equivalent) at Grade B or above in Maths
• enjoys explaining complex information to others
• is ready to start studying towards a professional qualification
• has a keen interest in financial modelling
• has the ability to work under own initiative and be an enthusiastic, proactive team member
• has the ability to effectively manage work streams for multiple clients
• has the discipline to work to strict scheduled deadlines
• has a confident and effective approach to communication, both written and verbally
• has high levels of numeracy and analytical skills
• has strong Microsoft Excel skills
• has, by the start of the employment, permission to work in the UK.

We strongly encourage and support applications from all backgrounds.

Graduate Trainee Actuary – Employee Benefits:

• Competitive salary, with exam linked salary increases.
• 25 days holiday plus bank holidays (with option of buying more)
• Fully supported study, including membership of the IFoA, study materials, tutorials, exam fees, and exam leave
• Generous pension scheme
• Health cash plan
• Additional optional benefits to best suit your lifestyle
• Social events
• Volunteering opportunities

The company

The Broadstone Group is a leading, independent provider of specialist pensions, trustee, and employee benefits solutions to small to medium enterprises and large corporates.

At the heart of our business is a diverse team of specialist advisers, each with a unique knowledge base within their specific area. Our company structure and systems, finely-tuned over the years, enable our advisers to remain intricately linked to provide clients with coordinated, end-to-end solutions whenever required. This ethos is one that continually upholds good practice, encourages proactivity, and ultimately benefits our client’s bottom line.

Broadstone is a Living Wage Employer

We have been accredited as a Living Wage Employer. This means that we have made a living wage commitment to ensure that everyone working at Broadstone will receive at least a minimum hourly wage. Both rates are significantly higher than the government minimum for over 23s.