A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company’s balance sheet or you could be revising businesses’ projections and making sure they have adequate reserves.
Graduate programme
Our graduate training programme is underpinned by a development framework that broadens and deepens your knowledge. You'll learn from hands-on coaching and an outstanding variety of work, picking up business, personal and technical skills you can use across the network, and throughout your career.
Actuarial
Actuaries work with uncertainty. Join us and you’ll help clients analyse how future events could affect them. This could be anything from a corporate takeover to a major natural disaster. You might be calculating the impact of changing demographics or legislation on pension schemes; the effects that changes in financial markets have on different organisations; or how likely a business is to be hit by an earthquake.
What you’ll do
In Actuarial Services you’ll work with clients from the insurance industry (both life and general insurance), but also from the banking sector (retail and investment), the healthcare sector, the public sector, as well as corporate clients from the non‑financial services sector like energy and utility providers. Your advice could cover solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de‑risking, financial modelling, underwriting, new legislation, the viability of new products and the efficiency of claims or reporting processes.
What you’ll gain
You’ll study with the Institute and Faculty of Actuaries. Once you've completed the exams, you’ll then be fully qualified and a Fellow of the Institute of Actuaries.
What you’ll need
At PwC we no longer use UCAS tariff as an assessment tool for the majority of our undergraduate and graduate opportunities. However, the Institute and Faculty of Actuaries require you to have
•A minimum Grade C in A Level Mathematics or equivalent*
•A second A Level in any subject at a minimum Grade B
•In addition to this UCAS requirement, PwC also require you to have achieved, or on target for, a 2.1 in any degree discipline. We determine whether you're on course for a 2.1 based on the grades you achieved in your last completed year of academic study.
* Depending on your degree subject this A Level requirement may be dropped.
If you’re unable to meet these UCAS requirements, we won't be able to consider you for a role as an Actuary. If you do meet the degree requirement, you may want to consider other programmes on offer which don't have a UCAS tariff requirement.
If you would like to find out more about the requirements for the IFoA please refer to the following link -
Application process
•Career Focus Days will take place in London for all successful candidates during week commencing 9th December 2019. We encourage all applicants to ensure all outstanding tests (including the Career Conversation) have been completed by Thursday 21st November 2019.
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