Description
Actuaries have the power to make a genuine difference; to drive high-level, strategic decisions. The results of your work will have a significant impact on legislation, business direction and peoples’ lives. As an Actuary you will balance good business sense with a responsibility to safeguard the public’s financial interests. This is in addition to upholding the highest professional standards.
Entry requirements
To be eligible you must fulfil the following criteria:
- You must be employed in a role relevant to this programme to be eligible to apply.
- Your current role should be UK based and you must have lived here for at least three years
- The programme must address development needs in your current role
- Your line manager must be able to support you throughout the programme
What will you learn?
- Applying maths and statistics skills to real world problems
- Building financial models to help businesses make decisions
- Applying actuarial techniques to analyse business problems
- Core economic principles and how these can be used
- The fundamentals of corporate finance
- Soft skills essential for a business career
How is your programme structured?
This programme combines the knowledge from a professional qualification with the skills you’ll need to demonstrate professionalism in your current role.
Knowledge
Actuary modules include:
- Actuarial Statistics
- Actuarial Mathematics
- Business Practice
- Actuarial Practice
- Modelling Practice
- Communications Practice
Each module/exam can be delivered face-to-face or live online.
Skills and behaviours
You will learn the following:
- Business and Commercial Awareness
- Modelling, Documentation and Reporting Skills
- Communication Skills
- Actuarial Risk Management
- Professionalism Teamwork
- Stakeholder Management
- Time Management
- Personal and Professional Development
End Point Assessment
Once you have completed all of the Knowledge, Skills and Behaviours, you will complete an End Point Assessment. This is conducted by an external assessment organisation and will be graded as either a pass, fail, or distinction.
How we support you
- You will be taught by expert tutors who have practical experience in the fields in which they teach and a passion to share that knowledge to maximise your career potential
- You will have access to a Coach who is on hand to guide you through each stage of your learning journey, providing you with clear aims and objectives. They will keep in regular contact with you and instil the confidence that you can achieve
- You will also attend webinars to develop skills in a variety of areas and prepare you for the end point assessment.
- You will have access to an Online Learning Environment with all of your qualification content, additional learning resources and all the step-by-step support you need to ensure your success
Commitment from you
During this programme, six hours a week will be spent on learning and developing the required Knowledge, Skills and Behaviours. This development time will include learning new relevant tasks in your role, embedding your knowledge in your role, practical workplace training, spending development time with your Line Manager, attending online or face-to-face courses and time spent writing assignments/assessments or directed self-study hours:
- The Institute and Faculty of Actuaries Associateship work
- Evidencing the application of your knowledge within your working day
- Independent study and research
- Shadowing colleagues and mentoring
- Technical training
Progression upon completion
- Complete the full actuarial fellowship by completing the SP and SA exams