The EY Actuarial practice is part of the wider EMEIA Insurance Risk and Actuarial Services team. We have one of the largest actuarial teams in the world, with over 550 professional actuarial staff in the EMEIA region and 1,100 globally. This large and dynamic team provides our staff the opportunity to deliver multi-discipline solutions to our clients across the globe.
As one of the leading consultancies in the UK, we work with a wide range of financial services clients, with our team’s main focus on the insurance industry. Our market leading practice advises clients on how to address their complex commercial challenges, providing assurance, financial analysis and insights to help them improve their performance and comply with regulations.
Your internship experience will start with an induction course to develop your knowledge of EY, your particular service line and begin to build up the technical skills required for the day-to-day work we do. This will be through a variety of formal and informal learning opportunities. You will gain a broad knowledge of the insurance industry and the commercial issues affecting our clients. Moreover, the teams you work with will be diverse with a range of skills and past experiences. You will be given the chance to interact with and learn from senior members of the team from the start of your internship program. At EY you own your career and even early on in the internship program you are able to express interest in and shape the types of projects you work on.
Alongside learning on the job, we provide regular role-specific training in the latest actuarial techniques, keeping our staff informed of the most recent industry developments, for example through team training sessions such as annual ‘Learning Weeks’ and regular ‘Lunch & Learns’. Personal skills are just as important as technical know-how in the actuarial team – our team also participates in an array of training courses to build communication, management and people skills.
EY places great importance on the development of our people and helping our team achieve their career aspirations. Alongside the training opportunities mentioned above, your coach will help guide you through your internship enabling you to get the necessary experiences from the internship program and achieve your goals.
In the UK, you can choose to join one of three divisions within the actuarial team: General Insurance, Life Insurance or Pensions.
There is no ‘typical day’ in our Life Insurance Actuarial team due to the variety of services we provide our clients. The type of work you could be involved in includes actuarial audit, mergers & acquisitions, actuarial modelling and transformation, investment advisory, data analytics and much more. The wide variety of work offered by the Life Insurance Actuarial team allows you to develop a breadth of knowledge and have a unique experience.
Our Life Insurance Actuarial team works particularly closely with colleagues across each of our UK offices as well as more widely across EMEIA. The team serves some of the largest life insurance companies in the market which means there is the opportunity to help shape the future of the insurance industry. However, life insurance actuarial work is not purely limited to the insurance market, with the team also working with a number of banks and asset managers.
From day one you'll be working on client assignments with a supportive and highly competent team. Working with a range of clients, you will use analysis and modelling techniques to gain a thorough understanding of our clients’ business and the commercial and technical issues effecting them.
The role will involve a combination of analysing client data, writing up findings into reports and creating client presentations to communicate EY’s recommendations. You will also have the opportunity to help contribute towards winning work by assisting the team in building proposals to take to potential clients.
At EY, we embrace diversity and fully appreciate that every individual is unique and brings a different set of skills to the table. Below are some of the core skills we would expect from actuarial interns in the team.
To qualify for the role you must have:
The top performing actuaries enjoy problem solving and dealing with complex commercial issues in an analytical and logical manner. Our work requires a significant amount of client exposure, hence excellent communication and interpersonal skills are required. Furthermore, our work can be challenging, which requires candidates to show self-motivation and a desire to learn.
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
If you need any changes to be made to the process for a reason related to a disability or long-term health condition please let us know on the dedicated section on our application form.
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