Job description
Our Actuarial team help organisations within the insurance industry to manage financial risk. Graduates on this programme use detailed analysis of past events to create accurate models of the future – and advise on their financial implications. It's work that makes a meaningful and positive difference for our clients.
Qualifying as an Actuary requires drive and motivation. You’ll be asked to produce detailed analyses and communicate the commercial implications of complex topics. It’s a highly technical role, best suited to graduates who are ambitious and enjoy working with numbers, studying an honours degree or post graduate degree in a numerical or analytical subject, for example Actuarial Science, Maths, Statistics, Data Science, Economics, Engineering or Physics.
During the programme you will have the opportunity for varied learning and training opportunities and will study to gain the Actuarial qualification in three to five years. You’ll need to be driven and highly motivated to qualify as an Actuary and have a passion for producing detailed analyses and able to communicate the commercial implications of complex topics.
Within Actuarial, there are two different areas which you could join, both working with some of the biggest companies in the UK and global insurance market:
Life Actuarial Servicesprovides advice to the Life Insurance industry, who in turn provide investment related products (such as workplace pensions) or protection products (such as term assurance policies or critical illness cover).
General Insurancecovers the spectrum of business and personal risks, with types of insurance ranging from standard car and house to more unusual insurances covering satellites, oil rigs or hurricane damage. Changing regulations, new products and developing markets mean that nothing stands still in this challenging and demanding business area.
Our firm’s hybrid working model balances the flexibility of working from home with the importance of collaborating and learning in offices or at client sites. We trust our people to be where our clients need them to be, with our client-facing colleagues working together in person as often as needed. You’ll be empowered by the technology that supports us to work flexibly and our collaborative offices spaces, building friendships and shared experiences, innovating and learning together.
Capability: Consulting Programme Length: 3 years Qualifications: IFoA Level 7 Apprenticeship Entry Requirements:
At KPMG, everyone brings a unique perspective, and we want to ensure that you have the best opportunity to demonstrate your potential. We want to discover your individual strengths and attributes to help us to know whether you’ll enjoy working here and how you’ll thrive. That’s why we operate an open access policy and an application process that will assess both your qualifications and your qualities.
Generally, you’ll be expected to demonstrate the following grades (*or equivalents), to show that you’re able to successfully study for professional qualifications. If you are a few grades or points short, we would still encourage you to apply, as your application will be reviewed together with your performance in our assessments. You‘ll also have the opportunity to provide additional information for us to assess your application and potential in the context of your socio-economic background and/or any extenuating circumstances, which may have a positive uplift on your academic achievements through contextual recruitment. You can find out more .
GCSE Maths Grade 5 or B* GCSE English Language Grade 5 or B* 120 UCAS points* from your ‘top’ 3 A Level grades, excluding General Studies. Must include Maths at minimum grade A. 2:1 undergraduate degree in a numerical or analytical degree (for example Actuarial Science, Maths, Statistics, Data Science, Economics, Engineering or Physics).
Key Skills:
Throughout the recruitment process we will be looking to learn more about your strengths.
To be successful on this programme, you will be required to demonstrate the strengths that we look for in our graduates at KPMG.
Learn more about what we look for and how to apply .
Training and Development:
The training and development of our people is critical to the future success of our business. We want to empower you to grow in your own way, to feed your curiosity and embrace a growth mindset in an environment where learning is continuous. Therefore, we have created a rich curriculum and learning community to help you build your skills and fulfil your potential. This ranges from an immersive 5-day induction experience to help you transition to the world of work, formal training courses, leadership knowledge bites, learning journals, online courses and networking events – all aligned to our ‘learn for a lifetime’ strategy designed to help you gain an advantage for life.
In addition, in Actuarial, we offer the IFoA qualification through a Level 7 apprenticeship route.
Your qualification is expected to take 3 years (please note that any prior learning you have undertaken will determine the length of the qualification). You will study towards a Level 7 apprenticeship with the Institute and Faculty of Actuaries (IFoA) and ActEd (your tuition provider), with the aim of achieving Associate Level upon completion. We recognise this is a challenging qualification, and therefore you will have flexibility over your exam pathway. You will be given a study mentor who will work with you to agree how many exams to attempt and which order to attempt the exams. You will also be supported through the Level 7 apprenticeship, with access to a skills coach with ActEd and support from your Performance Manager at KPMG. Once you have completed your Associate Level qualification, you will be supported to progress to Fellowship and become a fully qualified actuary. You can find out further information on the IFoA here.
This programme is delivered via a range of live and recorded courses, together with extensive online material libraries. Students will have access to a dedicated coach throughout their study programme to provide tailored support towards the exams. Study leave is afforded based on our learning provider's recommendations, enabling you to balance studying and learning materials at a pace suited to your style, and then getting individuals ready for final revision and exam technique practice in the run up to sittings. There is flexibility to the study programme over your training contract based on any exemptions received, but all enabling you to have structured support to qualify swiftly.
