Actuary

Actuaries apply mathematics, statistics and financial theory to model risk for insurers, pension schemes and financial institutions. Day‑to‑day work mixes data analysis, financial modelling (Excel, R, Python, Prophet, GGY AXIS), regulatory reporting (Solvency II, IFRS 17) and stakeholder presentations.

Responsibilities

• Build mathematical models to price insurance, pensions and other financial risks.
• Specialise in a specific actuarial domain such as life insurance, general insurance, pensions, investment or risk management.
• Prepare and present complex data analyses to non‑actuarial stakeholders.
• Support regulatory reporting and ensure compliance with Solvency II and IFRS 17 requirements.
• Assist in exam preparation and study for IFoA Core Technical and advanced exams.

Qualifications & Experience

• Current or aspiring IFoA Associate (AIA) or Fellow (FIA) candidate.
• Strong background in quantitative disciplines (Mathematics, Statistics, Economics, Engineering or Physics).
• Experience or coursework in Excel, R, Python and actuarial software tools.
• Proven analytical and problem‑solving skills with attention to detail.
• Excellent written and verbal communication, able to explain actuarial concepts to non‑expert audiences.

Skills

• Logical thinking and decomposition of complex problems.
• Resilience during intensive exam study (typical 400+ hours per exam).
• Clear written and verbal communication with non‑actuarial stakeholders.
• High level of detail orientation in financial modelling.
• Ethical decision‑making in line with the Actuarial Code of Conduct.

Benefits & Salary

• London‑based roles typically offer £30,000–£40,000 for graduate trainees; £75,000–£95,000 for newly qualified Fellows; senior and chief positions can reach £150,000–£300,000+.
• Potential for £10,000+ pay rise per exam pass.
• Regulated pay scales and clear progression from Trainee to Actuarial Analyst, Newly Qualified Actuary, Senior Actuary or Chief Actuary.
• Work in major UK insurers (Aviva, Legal & General, Prudential), re‑insurers, pension consultancies and the Big 4 actuarial practices.

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