Organisation : Government Actuary’s Department
Job Title : Trainee Actuary
Reference Number: 1544143
Closing Date: 29 Jun 2017
Salary : £29,982 per annum
Contract Type: Permanent
Location: London, England
Job Search : https://www.civilservicejobs.service.gov.uk/csr/index.cgi?SID=
Home Page : https://www.gov.uk/
Trainee Actuary :
Government Actuary’s Department was established as an independent government department in 1919.
Related : Foreign & Commonwealth Office Sensitivity Reviewer : www.uktalks.net/2740.html
Today, we provide actuarial analysis for public sector clients throughout the UK.
We are based in central London in the heart of the financial community, with a second office in Edinburgh, and currently employ around 50 actuaries and 50 trainees. We are a not for profit organisation.
Training and Development :
For successful candidates the rewards lie not only in the variety and importance of the work they do; they also receive arguably one of the best actuarial training programmes in the industry and a highly competitive benefits package including
** Competitive salary increasing significantly with exam success;
** Excellent training and support throughout your studies, including payment of all fees for tutorials, examinations subscriptions and counselling;
** Generous study leave.
Rewards & Benefits :
** Defined benefit pension scheme;
** Flexible working hours with up to 2 days’ flexi leave per month;
** 25 days annual leave (30 days with 5 years’ service);
** Excellent technical training;
** Opportunity to work in other areas;
** Assigned study mentor, generous study leave and support for the exams;
** Professional briefings, management and business training.
Who are we looking for? :
Each year we recruit a small number of people who have clear potential to become fully qualified actuaries and will relish the challenges of our diverse and public interest-orientated work.
At a minimum, candidates should :
** expect to graduate, by Summer 2017, or have graduated, with a first or high 2:1 honours degree in a subject with high mathematical content or expect to achieve or have achieved an equivalent postgraduate qualification; and
** have an A level in mathematics at grade A, or Scottish/Irish equivalent
Applicants must be highly numerate, but do not need to be maths graduates. Many people come to GAD from other disciplines, such as physics or economics.
Please Note :
Applicants applying with Scottish qualifications should note that a Scottish Higher is NOT considered comparable to GCSE Advanced Level. However, GAD appreciates that some candidates will progress to higher education without taking Scottish Advanced Higher qualifications.
If you have Scottish qualifications you are eligible to apply if you have a Grade A Scottish Higher in Maths but have not taken a Scottish Advanced Higher in Maths as long as you meet all other eligibility criteria.
However if you have taken a Scottish Advanced Higher in Maths you need to have achieved a grade A in order to be eligible to apply.
Personal qualities :
GAD’s selection process is demanding and, to be considered, candidates must demonstrate several essential qualities.
Communication Skills :
Your client will usually be unfamiliar with the techniques of actuarial work. You will need to be able to explain the concepts behind your analysis and the implications of your results.
Determination and Responsibility :
You must have the self-discipline and perseverance to combine study with the responsibilities of work, and tackle some of the most gruelling exams set by any profession.
Confidence and maturity :
You should have the confidence to deal with decision-makers in government and the ability to take on management responsibilities.
Selection Process and Timetable :
Closing date for applications Midnight on Thursday 29th June
Online test invitations despatched Monday 3rd July
Closing date for completing online tests Midday on Monday 10th July
Assessment centres From mid August onwards