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Deadline

26 Jan 2020

  • Job Type: Graduate Trainee
  • Fields of Work: General Insurance, Investment, Pensions, Risk Management
  • Number of Positions: Up to 6
  • Location: London
  • Start Date: 'TBC'
  • UCAS Points: Unspecified/Not Applicable
  • Degree Required: 2:1
  • Disciplines Recruited From: Degree in a subject with high mathematical content
  • Salary: £31,197 per annum
  • Application Details: Click below top apply

Role Purpose

GAD is a fantastic place to start your journey to learn more about the work of actuaries, as well as work on some of the most important and interesting problems facing the Government.

As a graduate trainee, you will play a crucial role in GAD’s work by working with other trainees, analysts and actuaries to produce high quality advice and analysis for the Government. This includes giving actuarial advice to various Government departments on;

  • the workforce costs and risks within the public sector, including the assessment of pension scheme costs
  • insurance risks and costs affecting Government, including work on liabilities in the NHS
  • understanding the drivers behind costs and risks using modern data science techniques such as machine learning to add more depth and insight to existing actuarial techniques
  • bespoke advice on financial and demographic risks facing Government, including social security benefits, and new and existing Government policies.

As you progress you will have opportunities for significant contact with our clients and there are opportunities to undertake a secondment(s) in order to work directly alongside our clients and colleagues in Government. We expect our trainees to be able to confidently discuss their analysis with clients and support actuaries in delivering advice.

Our actuaries will need to continue to apply their skills flexibly to a wide range of problems. To train you up to do this GAD has a great trainee induction programme which includes a structured rotation programme covering all of our teams.

GAD also provides a generous study support package together with an organisational culture which values work-life balance and our staff can work flexibly to meet the demands of our work without sacrificing their personal lives and commitments.

Key Responsibilities

You will be responsible for;

  1. producing actuarial analysis to inform GAD’s advice to Government departments, across areas of insurance, pensions and risk
  2. support client engagement by drafting reports and advice as well as providing support in meetings and presentations.
  3. managing your time in order to deliver your work to time and budget. You may also be responsible for assisting with broader project management.
  4. pro-actively developing your knowledge and understanding of actuarial methods, data analysis, the issues and risks facing Government as well as how GAD can best provide advice to our clients.
  5. identifying and suggesting new ways of working and areas where GAD can provide advice.
  6. working within GAD’s professional standards and departmental procedures and guidance notes.
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