Graduate Consulting - Actuarial London Autumn 2023 London, England
Job description
Job details
Location: London
Capability: Consulting
Experience Level: Graduate
Type: Full Time
Service Line: Consulting - Actuarial
Job description
Acting as an expert adviser to the insurance industry, our Actuarial team help organisations to manage financial risk. Here, you’ll be given the chance to use detailed analysis of past events to create accurate models of the future – and crucially, advise on their financial implications. It's work that makes a meaningful and positive difference for our clients.
The role is highly technical, best suited to graduates who are numerate, ambitious and able to communicate complex ideas. Our Actuarial Graduate Programme is a great opportunity to build a varied career, gain the Actuarial qualification in three to five years, and grow in your own way, through our range of training opportunities.
Within Actuarial, there are two different areas which you could join, both working with some of the biggest companies in the UK and global insurance market:
- Life Actuarial Services provides advice to the Life Insurance industry, who in turn provide investment related products (such as workplace pensions) or protection products (such as term assurance policies or critical illness cover).
- General Insurance covers the spectrum of business and personal risks, with types of insurance ranging from standard car and house to more exotic insurances covering satellites, oil rigs or hurricane damage. Changing regulations, new products and developing markets mean that nothing stands still in this challenging and demanding business area.
We are looking for graduates who are highly numerate, studying an honours degree or post graduate degree in a numerical or analytical subject (for example Mathematics, Engineering, Physics, Statistics or Data Science). You will need to be motivated to qualify as an Actuary and have a strong interest not just in producing detailed analyses but understanding and communicating the commercial implications of complex topics.
At KPMG, you’ll find that work is no longer a place we go, it's a contribution we make. Our people have always worked flexibly – so this way of working isn't new for us. We’re creating a tech-driven business to empower and equip our people to be outstanding in delivery, no matter where they work – through inspiring collaboration spaces and new technologies. In your role, you’ll work flexibly – at engagement sites, our offices and home.
At KPMG, everyone brings a unique perspective, and we want to ensure that you have the best opportunity to demonstrate your potential. We’ve designed our application process to assess everyone’s potential in the context of their educational and personal circumstances to ensure that you have the skills to succeed at KPMG. We will be considering your strengths and achievements against KPMG’s capabilities alongside a number of other metrics, including technical background and/or experience and the specific requirements of the business, to ensure that you have the skills to succeed at KPMG.
You’ll generally be expected to demonstrate the following (*or equivalents). However, if you do not meet all the below, and are a few grades or points short, then we would still encourage you to apply, as you will be given the option to provide additional information that enables us to assess your application and potential in the context of your socio-economic background and/or any extenuating circumstances. You can find out more here.
- Grade 5 or B GCSE* Maths
- Grade 5 or B GCSE* English Language
- 136 UCAS points* from your ‘top’ 3 grades, excluding General Studies under the 2017 tariff point system at A Level (340 UCAS points pre-2017). Must include Maths at minimum grade A.
- 2:1 undergraduate degree in a numerical or analytical degree (for example Actuarial Science, Maths, Statistics, Data Science, Economics, Engineering or Physics).
Throughout the recruitment process we will be looking to learn more about your strengths.
To be successful on this programme, you will be required to demonstrate the strengths that we look for in our graduates at KPMG.
Learn more about what we look for and how to apply here.
The training and development of our people is critical to the future success of our business. We want to empower you to grow in your own way, to feed your curiosity and embrace a growth mindset in an environment where learning is continuous. Therefore, we have created a rich curriculum and learning community to help you build your skills and fulfil your potential. This ranges from an immersive 5-day induction experience to help you transition to the world of work, formal training courses, leadership knowledge bites, learning journals, online courses and networking events – all aligned to our ‘learn for a lifetime’ strategy designed to help you gain an advantage for life.
In addition, in Actuarial, we offer the IFoA qualification through a Level 7 apprenticeship route.
Your qualification is expected to take 3 years (please note that any prior learning you have undertaken will determine the length of the qualification). You will study towards a Level 7 apprenticeship with the Institute and Faculty of Actuaries (IFoA) and ActEd (your tuition provider), with the aim of achieving Associate Level upon completion. We recognise this is a challenging qualification, and therefore you will have flexibility over your exam pathway. You will be given a study mentor who will work with you to agree how many exams to attempt and which order to attempt the exams. You will also be supported through the Level 7 apprenticeship, with access to a skills coach with ActEd and support from your Performance Manager at KPMG. Once you have completed your Associate Level qualification, you will be supported to progress to Fellowship and become a fully qualified actuary. You can find out further information on the IFoA here.
This programme is delivered via a range of live and recorded courses, together with extensive online material libraries. Students will have access to a dedicated coach throughout their study programme to provide tailored support towards the exams. Study leave is afforded based on our learning provider's recommendations, enabling you to balance studying and learning materials at a pace suited to your style, and then getting individuals ready for final revision and exam technique practice in the run up to sittings. There is flexibility to the study programme over your training contract based on any exemptions received, but all enabling you to have structured support to qualify swiftly.
Please visit our Applying to KPMG page to discover more about our application process.
Visit our International Students page to find out more about visas and requirements.
For anything else, please refer to our FAQ section.
Why Consulting at KPMG?
In an ever-changing, increasingly complex world, we work shoulder-to-shoulder with clients to help them overcome the challenges they're facing today, as well as those they might face tomorrow. Our consulting teams immerse themselves in our clients’ business, applying sector knowledge and technology solutions to help companies grow and thrive. As a graduate on our Consulting programmes, we offer limitless opportunities to work on interesting projects and really make your mark. Our focus is on adding value, across a range of areas, such as Customer, Risk & Regulatory, People, Financial and Operational Transformation through to Forensic Technology. We work across diverse industries and sectors too, from global organisations to the public sector, retail companies to UK banks and more, offering you the chance to gain a real breadth of experience and be intellectually challenged every day.
