Edinburgh

Gurgaon

Johannesburg

London

St Albans

Intern

Graduate

Associate

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Python

Data Science

Coding

Valuation

Consulting

Excel

Description of the role and purpose of the job:Seeking a dynamic individual with highly quantitative skills within the actuarial team, advanced academics, and strong communication skills to manage engagements and take responsibility for deliverables.Key responsibilities:<ul><li>Overseeing the development and validation of actuarial models for provisioning and regulatory capital calculation purposes.</li><li>Managing client engagements or components of large scale engagements, as well as individually contributing quality work on the engagement.</li><li>Providing technical knowledge, direction, and training to people, coordinating engagement management, and effectively utilizing resources as appropriate.</li><li>Managing engagements to consistently achieve specific revenue and profit objectives and deliver quality outcomes while meeting agreed deadlines.</li><li>Day-to-day management of the team on engagements, including coaching and providing constructive feedback.</li><li>Increasing focus on business development, building on networks across the practice and people development activities, to manage and develop external client relationships.</li><li>Taking responsibility for the seamless delivery of internal projects/services, managing others, and influencing key stakeholders.</li></ul>Skills and attributes required for the role:<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Qualified Actuary.</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Coding skills (e.g. SAS, Python, R, etc.) would be an advantage.</li><li>Experience in leading projects is desired.</li><li>Experience in current hot actuarial topics such as IFRS 17, ESG, big data, and wider advisory engagements is desirable.</li><li>Other competencies that would be desired:</li><ul><li>Critical Analytical Thinking</li><li>Business Acumen</li><li>Strong Communication Skills with the ability to articulate quantitative concepts to both technical and non-technical individuals</li><li>Must be resilient</li><li>Must be a team player</li><li>Ability to cope with and work under pressure</li></ul></ul>Minimum requirements to apply for the role:<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Qualified Actuary.</li></ul>

Actuarial InternWe are looking to recruit an Actuarial Intern, based in Milliman’s Gurgaon Office. Successful candidates will have the opportunity to work across a wide variety of retirement/employee benefit issues and develop their consulting expertise.Key Responsibilities<ul><li>Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:
 <ol><li>Funding valuations</li><li>Accounting valuations</li><li>Government form preparation</li></ol></li><li>Perform benefit calculations</li><li>Assist in preparation of valuation, disclosure, and expense reports</li><li>Prepare benefit coding to replicate valuations under legacy tools</li><li>Analyze and assist on special retirement projects</li><li>Provide broader day-to-day support to staff based in Gurgaon and USA</li><li>Maintain a healthy billing rate across the calendar year</li></ul>Requirements / Skill Set<ul><li>Basic knowledge of retirement and/or retiree medical work</li><li>Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams</li><li>2-3 actuarial exams</li><li>Strong technical and problem-solving aptitude</li><li>Proficiency in Microsoft Office applications, particularly, MS-Excel and MS-Word</li><li>VBA / R / SQL / SAS experience will be preferential</li><li>Ability to manage workflow and deliver product independently</li><li>Strong oral and written communication skills</li><li>Flexible with work timings and compatible within the team</li></ul>Pursuing actuarial exams and motivated to become an actuary.

Job summaryWe are the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are now looking for graduate trainees to join our actuary team.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 to across government in a wide range of areas including:<ul><li>applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK</li><li>managing costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>delivering bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>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.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 encourage everyone to apply to join us.Job descriptionOur 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 Trainee Junior 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.BehavioursWe'll assess you against these behaviours during the selection process:<ul><li>Working Together</li><li>Delivering at Pace</li><li>Communicating and Influencing</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues)</li><li>Hybrid working – GAD expects colleagues in the office 50% of the time. We would expect you in either our Canary Wharf or Edinburgh office, at least two / three days a week, dependent on operational requirements and typically the other days at home.</li><li>Pension - An average employer pension contribution of 27% per year.</li><li>Professional Fees – you can claim back the cost of professional fees associated with your role.</li><li>Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development.</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>A working culture which encourages inclusion and diversity</li><li>Complimentary BUPA health check for permanent colleagues</li><li>Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups</li><li>Salary advances for travel costs, including season tickets and cycle-to-work schemes</li></ul>Things you need to knowSelection process detailsApplication deadline: 1200 hrs on 15 January 2024Assessment Centre 1<ul><li>Shortlisting: w/c 13 November 2023</li><li>Dates: 27-30 November 2023</li><li>Location: Canary Wharf Office - London, E14 4PU</li></ul>Applications received before 23:59 on 12 November 2023 will be considered for invitation to assessment centre 1, subject to number of applications received.Assessment Centre 2<ul><li>Shortlisting: w/c 15 January 2024</li><li>Dates: 19-22 February 2024</li><li>Location: Canary Wharf Office - London, E14 4PU</li></ul>Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).A reserve list will be held for a period of 12 months from which further appointments can be made.Feedback will only be provided if you attend an interview or assessment.SecuritySuccessful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard checks.Nationality requirementsThis job is broadly open to the following groups:<ul><li>UK nationals</li><li>nationals of the Republic of Ireland</li><li>nationals of Commonwealth countries who have the right to work in the UK</li><li>nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)</li><li>nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)</li><li>individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020</li><li>Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service</li></ul>Working for the Civil ServiceThe Civil Service Code sets out the standards of behaviour expected of civil servants.We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles.The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

We are looking to recruit an Actuarial Intern, based in Milliman’s Gurgaon Office. Successful candidates will have the opportunity to work across a wide variety of retirement/employee benefit issues and develop their consulting expertise.Key Responsibilities<ul><li>Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:<ul><li>Funding valuations</li><li>Accounting valuations</li><li>Government form preparation</li></ul></li><li>Perform benefit calculations</li><li>Assist in preparation of valuation, disclosure and expense reports</li><li>Prepare benefit coding to replicate valuations under legacy tools</li><li>Analyze and assist on special retirement projects</li><li>Provide broader day-to-day support to staff based in Gurgaon and USA</li><li>Maintain a healthy billing rate across calendar year</li></ul>Requirements / Skill Set<ul><li>Basic knowledge of retirement and/or retiree medical work</li><li>Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams</li><li>2-5 actuarial exams</li><li>Strong technical and problem-solving aptitude</li><li>Proficiency in Microsoft office applications, particularly, MS-Excel and MS-Word</li><li>VBA / R / SQL / SAS experience will be preferential</li><li>Ability to manage workflow and deliver product independently</li><li>Strong oral and written communication skills</li><li>Flexible with work timings and compatible within team</li><li>Pursuing actuarial exams and motivated to become an actuary</li></ul>Milliman believes in providing a stimulating work environment for its employees where new ideas are promoted and encouraged. Candidates can expect a supportive work environment and will be given extensive training.

We are at the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are looking for motivated individuals to join our analytical team. 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.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 encourage everyone to apply to join us.Job descriptionAs an analyst, you will play a crucial role at the Government Actuary’s Department (GAD) by working with other professionals to produce high quality data analysis on a range of business areas to provide evidence to support with decision making and the delivery of advice to our clients. This will include performing techniques across the spectrum of the analytical lifecycle from collecting and preparing data, finding patterns and trends in various data, constructing appropriate models through to visualising insights and presenting findings. Our analysis is pivotal to the government across a number of areas such as:<ul><li>the management of costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>Key responsibilities:<ul><li>Build robust analytical models and tools which will be used to automate analysis, help GAD’s clients better understand our advice and allow members of the public to calculate their individual financial impact of government policies and benefits.</li><li>Analyse data to gauge its quality and suitability, understand developing trends and process the data to feed into advice.</li><li>Manage your time to deliver your analysis to time and budget; you may also be responsible for project management.</li><li>Proactively develop your knowledge and understand data science and analysis as well as the context of GAD’s advice to government clients.</li><li>Identify and suggest new ways of working and areas where GAD can provide advice.</li><li>Work within GAD’s professional standards and departmental procedures and guidance notes.</li><li>Use MS Office and modern data science languages such as R and Python to carry out analysis and prepare advice for clients.</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>Extensive talent, career and personal development</li><li>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 (pro rata for part time staff)</li><li>Generous defined benefit Civil Service pension scheme</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>Access to employee assistance programme and occupational health</li><li>Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups</li><li>A working culture which encourages inclusion and diversity</li><li>Salary advances for travel costs, including annual season tickets and cycle-to-work schemes</li><li>Complimentary BUPA health check for permanent staff</li></ul>

We are the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are now looking for graduate trainees to join our actuary team. 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 to across government in a wide range of areas including:<ul><li>Applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK</li><li>Managing costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>Understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>Delivering bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>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. 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 encourage everyone to apply to join us.Job DescriptionOur 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 Trainee Junior 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.Responsibilities<ul><li>Produce actuarial analysis to inform GAD’s advice to government departments, across areas of insurance, investments, pensions, and risk.</li><li>Support client engagement by drafting reports and advice as well as providing support in meetings and presentations.</li><li>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.</li><li>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.</li><li>Identify and suggest new ways of working and areas where GAD can provide advice.</li><li>Work within GAD’s professional standards and departmental procedures and guidance notes.</li><li>Use MS Office and modern data science languages such as R and Python to carry out analysis and prepare advice for clients.</li></ul>BehavioursWe'll assess you against these behaviours during the selection process:<ul><li>Communicating and Influencing</li><li>Delivering at Pace</li><li>Working Together</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>Extensive talent, career and personal development</li><li>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 (pro rata for part time staff)</li><li>Generous defined benefit Civil Service pension scheme</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>Access to employee assistance programme and occupational health</li><li>Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups</li><li>A working culture which encourages inclusion and diversity</li><li>Salary advances for travel costs, including annual season tickets and cycle-to-work schemes</li><li>Complimentary BUPA health check for permanent staff</li></ul>SecuritySuccessful candidates must pass a disclosure and barring security check. People working with government assets must completebasic personnel security standard checks.Selection Process Details<ul><li>This vacancy is using Success Profiles, and will assess your Behaviours and Strengths.</li><li>Shortlisting: W/c 9 January 2023</li><li>Interviews: TBC</li><li>Interview location: London, EC4A 1AB</li></ul>Please DO NOT email your CV as shortlisting will be carried out based on information provided in your application form only.Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role.Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed). A reserve list will be held for a period of 12 months from which further appointments can be made. Feedback will only be provided if you attend an interview or assessment.Nationality RequirementsThis job is broadly open to the following groups:<ul><li>UK nationals</li><li>nationals of Commonwealth countries who have the right to work in the UK</li><li>nationals of the Republic of Ireland</li><li>nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS)</li><li>relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service</li><li>relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service</li><li>certain family members of the relevant EU, EEA, Swiss or Turkish nationals</li></ul>

<ul><li>Competitive salary, actuarial study support and holiday package.</li><li>Office or hybrid, full-time role.</li><li>Start date ASAP.</li></ul>We are looking for a trainee actuary to join our team of DB Pension scheme valuation specialists based in St Albans, Hertfordshire. Current staff include 3 qualified actuaries, each with over 25 years’ experience and 3 part qualified actuaries.We work on hundreds of different schemes every year for our clients who are insurers in the buy-out arena. Several clients with differing demands in a dynamic market means we are constantly dealing with new challenges.The ideal candidate will have a numerate degree and be comfortable with Excel. You will be expected to initially act as ‘doer’ on valuations, moving on to helping as 'checker' over time. You will in time become an expert user in our actuarial valuation tools (Excel & Mo.net).Study support is available for actuarial study material and exams.Applications close on Tuesday 3 January.Please note that we are unable to sponsor applicants with temporary visas.

Pension Actuary Jobs and Actuarial Careers in Pensions