Helping colleagues to build mathematical models to make financial predications for clients.
Occupational Profile
The actuarial profession is a diverse sector which involves the management of 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 to helping people provide for retirement. The Actuarial Technician Apprenticeship is an entry 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 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 qualified actuaries, 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.
Summary of standard
https://www.instituteforapprenticeships.org/apprenticeship-standards/actuarial-technician/
Full standard
