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Working in partnership with The Actuarial Profession, Inside Careers brings you the official and only career guide to focus on the actuarial profession
EMPLOYER A-Z
Aon
Austin Professional Resourcing
AXA UK
Barnett Waddingham
Canada Life Limited
Capita Life and Pensions Services
Financial Services Authority
Friends Life
Genworth Financial
Grant Thornton
Hymans Robertson LLP
KPMG
LCP
Legal & General group plc
Mazars LLP
Mercer
Milliman
Munich Re
Punter Southall
PwC
Royal London Group
Standard Life
SunGard
Towers Watson
Xafinity Consulting
Zurich Financial Services
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Employer Profile
Background
Founded in 1989, Barnett Waddingham has grown to become the UK’s leading independent provider of actuarial and consultancy services with 50 partners, over 500 employees and seven offices throughout the UK. Our business has grown predominantly through referrals from our clients and professional contacts. The business is based on a culture which aims to provide all of our clients with an excellent professional service through strong personal relationships and tailored solutions whilst remaining competitive on fees. Our values can best be summarised as ‘Doing it the Right Way’ and we take the long term view to all of our services and relationships.
Barnett Waddingham strives to recruit graduates who share our values, and can bring special skills which will enhance the service we provide to our clients. We look for graduates with good, relevant degrees, and who are eager to join a firm where they can make a difference. Graduates are very much the focus of our actuarial recruitment and we look for those who are ambitious, and who value the chance to join the partnership in due course.
All our partners understand the importance in looking after all their employees, and see employee engagement as fundamental to continuing success. This was reflected by the Firm being awarded a ‘One Star’ Best Companies Accreditation in our first year of participation in the ‘Best Companies to Work For’ award scheme. Barnett Waddingham is a rewarding, enjoyable and satisfying place to work.
How we work
From day one you will be an integral part of the business, working in our actuarial teams who advise various bodies and organisations including pension plan trustees, insurers and employers. The work you carry out could relate to anything from the broad spectrum of areas on which we advise – examples include analysing longevity trends, providing strategic investment advice and advising on acquisitions.
Each client is the responsibility of a partner who builds a team dedicated to meeting that client’s particular needs. The partner maintains a close personal involvement at all levels of work. You will be given genuine opportunities to contribute to our success, both working as part of a client team and in assuming responsibility at an early stage of your career. We believe that it is important to nurture talent and enthusiasm.
As a new recruit you will have the opportunity to work closely with the partners and other experienced employees offering you excellent development opportunities and a unique learning process. We are keen for our employees to gain wider business knowledge and experience of our other practice areas where this is possible. You will be encouraged to show initiative and develop areas of responsibility that are not directly related to client work, raising both your own and your team’s profile, whilst gaining good experience.
Professional development policies and programmes
Your professional and personal development is important to the firm and we are strongly committed to developing our employees. As an actuarial trainee, you will work towards qualification and we will give you every support to achieve this, including offering a generous study package. As part of this you will receive study days, funding for external courses and a mentor from within the firm to support you. You will also be rewarded for passing exams as you progress. As well as supporting your studying, your mentor will review your work based experience and help you identify the development opportunities available, with the aim of enabling you to reach your full potential. In addition, the firm will help you to develop your technical and consulting skills with regular performance development reviews, internal courses and most importantly, experience.
The social side
Social activity is taken seriously across the firm; from inter office sporting events to the annual Christmas party. Sporting events include bowls, cricket, croquet, football, golf, poker, pool and table tennis. The non-sporting side is equally active and includes walking weekends, excursions to UK and European cities, wine and beer tasting, charity events and picnics.
There is something for everyone to choose from, but, suggestions for further social events will always be welcome!
Who are you?
You will have a minimum of a 2.1 degree and at least 300 UCAS tariff points, including an ‘A’ grade in A level maths or equivalent qualifications.
Excellent communication skills are essential, together with a positive and enthusiastic attitude. As a self-starter you have ambitions to develop both individually and in a team environment. A team player, you work in a cooperative and supportive way for the benefit of the team, understanding your how your actions impact on other team members or goals and how they affect the bigger picture. In addition, you must be organised with a meticulous attention to detail, capable of solving problems of all sizes.
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Further Details
No. of employees
Over 500
No. of qualified actuaries
86
No. of trainees
106
Locations
Bromsgrove (near Birmingham), Cheltenham, Glasgow, Leeds, Liverpool and London
International opportunities
No
Work experience offered
Yes
No. of graduate vacancies
7–10
Disciplines recruited from
All, although an A at A level maths is required
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