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  • Name: Fern Lai
  • Job Title: Analyst
  • Location: London
  • University: Oxford
  • Degree: Mathematics and Statistics

Why become an actuary?

An actuarial career is an obvious choice for a mathematician: it is a highly respected profession and offers an attractive salary and a good work-life balance. Initially I found the thought of more exams off-putting, but actually studying adds some familiarity and an opportunity to grow your technical knowledge in a structured way. It’s great to have a balance between working and studying.

What makes LCP stand out?

The people! Everyone is so supportive and always has the time to answer any questions. We have a really collaborative work culture. I didn’t expect to learn so much and be consistently challenged without feeling overwhelmed.

I’m really proud to work at a company which cares about ethical issues. I love our diversity initiatives like the Women’s Network and the LGBT+ Group. Within our Communities Group I have been involved in office fundraising and employee volunteering.

What do you do day to day?

The work is so varied and no two days are the same. My clients are the trustees of pension schemes ranging in size and industry. There is a good mixture between doing calculations, drafting documents and speaking to clients and other advisers. At LCP, actuarial students are able to attend client meetings from an early stage to see first-hand how advice is presented to clients. It is fantastic to get to know the trustees and understand their priorities as well as learn key skills to become a good consultant.

What is the application process like?

There is one form and one assessment centre (which includes interviews). You get to have lunch with some of the recent graduates which allows you to understand what a typical day at LCP is like and the support and opportunities available. At each step, someone from LCP called me rather than just emailing. It was such a refreshing process; I felt really valued.

Any advice for applicants?

Talk to some actuaries. I asked my university alumni department if there was anyone they could put me in touch with. Actuaries of all levels were happy to share their experiences and answer my questions.

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