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  • Job Type: School Leaver Scheme
  • Profession: Actuaries
  • Duration: 2-3 years
  • Start Date: Unspecified
  • Number of Positions: 2
  • Location: Liverpool and Manchester
  • UCAS Points: Retirement Apprentice
  • Salary: Competitive

Mercer is the global leader for trusted HR and related financial advice, products and services. In their work with clients, they make a positive impact on the world every day. They do this by enhancing the financial and retirement security, health, productivity and employment relationships of the global workforce.

Mercer has more than 19,000 employees serving clients in over 180 cities and 40 countries and territories worldwide.

Though this role is based in the Retirement team, Mercer also runs a successful apprenticeship scheme in their Investment Business and you will be given opportunities to network with other Apprentices.
 
The actuarial profession is a diverse sector which involves managing uncertainty and risk to help clients, both internal and external, meet their objectives. Actuarial teams build mathematical models to predict future financial outcomes; from setting car insurance premiums tohelping people provide for retirement. The Actuarial Technician Apprenticeship is anentry level role into the industry which is supported by the Institute and Faculty of Actuaries.
 
The Apprentice will work as part of a team supporting qualified actuaries and Benefit consultants using data to provide solutions for clients. The role will develop key business skills and behaviours, including servicing clients and supporting the advice given by colleagues, through a focus on “on-the-job” training whilst also studying for some professional exams. The role has been designed to support further career development within the sector.
 
As a Mercer Retirement Actuarial Apprentice, specific duties will vary based on the job location and team you will be placed in; however, you will receive full training to ensure you are competent in carrying out the key duties of the Apprenticeship role, namely:
  • Data preparation and checking for accuracy
  • Using spreadsheets and models to populate reports and presentations for clients
  • Technical support for the wider actuarial team
  • Systems development and testing
  • Appropriate use of IT to complete a wide range of tasks
  • Providing support for queries from clients, third parties and other business areas
  • Develop an understanding of hot topics which affect the industry
  • Completion of internal and external compliance documentation

Qualifications

Qualifications Required
3 A Levels (or BTEC equivalent) at grade A*-C including one A level in a numerical subject such as Mathematics, Economics or Business Studies.  English and Mathematics GCSE (minimum Grade B).
 
Duration: The apprenticeship will typically take 2 -3 years to complete.
Qualifications: Apprentices will be assessed via either:
  • Modules 0 (Entry Exam) and 1 (Finance and Financial Mathematics) from the Institute and Faculty ofActuaries’ Certified Actuarial Analyst qualification; or
  • Core Technical Module 1 (CT1 – Financial Mathematics) from the Institute and Faculty of Actuaries’ Fellowship qualification.
Apprentices will also be required to pass the Institute and Faculty of Actuaries’ Online Professional Awareness Test and a final independent assessment which is based on a real work carried out.
 
Link to professional registration: This apprenticeship provides professional membership of the Institute and Faculty of Actuaries.
 
Level: Level 4
 
Review: The apprenticeship should be reviewed after a maximum of 3 years
 
Skills and Qualities Required
  • Good communicator
  • Strong numeracy skills with the ability to analyticallyand logically apply numerical techniques to given requirements and understand basic actuarial principles and calculations
  • Logical thinker with the ability to problem solve through a variety of techniques.
  • Ability to get results and find solutions
  • Good time management
  • Ability to build and maintain relationships and work well in a team.
  • Willingness to learn and develop new skills
  • Professionalism
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