Actuarial Services

Our Actuarial Services team sits within Risk Modelling Services. We have offices across the UK including London, Edinburgh, Manchester and Bristol. We're one of the largest growth areas within our Risk practice, working across a broad range of clients in sectors including insurance, healthcare, banking, investments and wider business modelling commercial and government. Within the team we have a blend of actuaries, data scientists and advanced analytics practitioners who apply cutting edge technology to solve a variety of client problems.

Our people are encouraged to take responsibility at an early stage and proactively develop their career. We seek to develop accomplished consultants, not just technically strong analysts. This means exposure to a wide range of project situations, often working with specialists from other disciplines within PwC such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Forensics, Audit and Tax. As part of PwC, we are involved with both actuarial led projects, as well as providing specialist advice on wider engagements led by other business units.

Workforce

In Workforce we help some of the leading UK and international employers make the most of their biggest asset - their people. It's such a diverse area, where we work on projects helping business leaders define their HR strategy, through to advising clients on how to improve the effectiveness of their workforce. Or help senior executives understand their global personal tax obligations, to implementing cutting-edge technology in the HR space. We work on projects across all sectors of the economy, providing vital support to clients. And whatever you work on, you'll learn about employment tax risk, employment cost reduction and employer social responsibility.

Programme

Open to all, this vacancy is aimed primarily at inspiring and supporting Black students seeking an experience in professional services as part of our commitment to improve diversity across the organisation. The programme focuses on developing confidence and skills and provides an insight into the opportunities available at PwC.

During this three-day paid programme you'll get an insight into what a career at PwC could look like, you'll meet mentors and buddies who'll represent the variety of opportunities available across PwC. You'll meet some of our Black colleagues to hear about their own personal career journeys, as well as from some of our networks focussed on Inclusion and Diversity. Through interactive sessions the programme will help you to develop confidence in a business setting and encourage you to bring your whole self to the workplace. At PwC, we nurture an environment where our people can be the best they can be.

Our Black Talent in Business programme will be a 3-day paid programme, 16 - 18 April 2024. You will need to be in the UK to complete this programme.

What you'll do

Actuaries work with uncertainty. You'll help clients analyse how future events could affect them. You'll work with clients from the insurance industry (both life and general insurance), and 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 everything from managing economic capital, risk management, assessing liabilities, mergers and acquisitions to company restructures, financial modelling, stress and scenario testing, navigating the evolving economic and regulatory environment and the viability of new products.

Your responsibilities will include but not be limited to:

Providing clear and concise communication of complex concepts to internal and external senior management to help clients make robust, evidence based decisions. Working in multidisciplinary teams with our clients to use data analysis, visualisation and modelling to better quantify and understand risks facing businesses across a multitude of sectors. This could include quantifying the cost of an insurance contract or understanding how risks can emerge on a major infrastructure project. Learning about a range of industries and applying your knowledge of the external environment to understand trends such as how life expectancy will evolve, the impact of climate change on natural catastrophes, or how real world events such as pandemics can affect the financial and banking system. Working with our Audit team to provide specialist advice on our audits of both insurers and banks, including providing assurance over the adequacy of liabilities. As an actuary you'll have exposure to senior stakeholders to understand business plans, profitability and governance. Helping clients adapt their business in light of changing economic conditions and regulatory requirements, including Environmental, Social and Governance (ESG) requirements. Drafting reports and presentations and using data visualisation to explain our findings.

What you'll need

You'll need to be on track to pass an undergraduate degree or above in any subject. We determine whether you're on course to pass based on the grades you achieved in your last completed year of academic study.

Although we do not look for any specific degree or A Level subjects, please note that the Institute and Faculty of Actuaries (IFoA) offers some guidance to those considering a career as an Actuary: The IFoA qualification syllabus is rigorous and the examinations are highly demanding, so they recommend applicants have a maths-based degree. If you do not have a maths-based degree, they recommend you take one of their non-member exams before starting your IFoA to prepare you for the IFoA qualification process.

You'll need to be a first year undergraduate university student on a three-year degree course; or

You'll need to be a second year undergraduate university students on a four-year degree course.

During the Black Talent in Business programme, you will be assessed using a variety of methods to deem your eligibility to be offered a place on our Summer Internship programme 2025. By applying to the Black Talent in Business programme, you are confirming that you will be available to complete the Summer Internship programme in July 2025 should you receive a subsequent offer.

Office locations

The office locations for this role are;

LondonEdinburghManchesterBristol.

We'll ask for your office preference locations during the recruitment process. If you successfully complete the recruitment process we'll then let you know which office you will be based in during the three-day programme by the end of February. Please be aware that we may not be able to offer you your top office location.

When to apply

To join the Black Talent in Business First Year programme you'll have to complete and pass two stages of our selection process; the online test and video interview.

Applications for this role may close early should we receive a high volume of interest so we recommend prompt application to avoid disappointment.