Course description
Actuary Apprenticeship
Through analysing data and building mathematical models to evaluate financial risks within a business, actuaries are required to stretch their individual abilities to a very high standard. Whilst being both problem solvers and strategic thinkers, an actuary will use an advanced set of mathematical skills to measure financial impact on an organisation.
Actuaries have the power to make a genuine difference; to drive high-level, strategic decisions made by large financial organisations and governments. 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.
This programme will prepare you for a prestigious career using the mathematical, analytical and management skills you will develop and employ in your work. You will also learn how to work with stakeholders, developing exceptional communication skills to effectively deliver and disseminate your decisions and knowledge.
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Upcoming start dates
Suitability - Who should attend?
You must be eligible to join the Institute and Faculty of Actuaries and meet the individual employer requirements, typically:
- A degree in a numerate subject such as mathematics, statistics or economics, or
- A degree in a non-numerate subject with a minimum grade B in A-Level mathematics or equivalent, or
- Have successfully completed an Actuarial Technician Level 4 Apprenticeship
Outcome / Qualification etc.
Outcomes for this programme include:
- Actuarial Statistics
- Actuarial Mathematics
- Business Practice
- Actuarial Practice
- Modelling Practice
- Communications Practice
Skills and Behaviours
- Business and Commercial Awareness
- Modelling, Documentation and Reporting Skills
- Communication Skills
- Actuarial Risk Management
- Professionalism
- Teamwork
- Stakeholder Management
- Time Management
- Personal and Professional Development
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
Continuing Studies
Progression upon completion
- Complete the full actuarial Fellowship by completing the SP and SA exams
Typical job roles
- Insurance Actuary
- Pensions Consultant
- Risk Manager.