Actuarial Apprenticeship - Pensions

Pension schemes are part of the backbone of the UK savings industry – relied on millions to give them a reliable and secure income in retirement.

For organisations providing a pension to its employees as part of their pay and reward, its vital that they balance the costs and risks of a pension scheme as well as meeting best practice governance requirements. It is becoming increasingly complex – yet essential for a pension scheme to succeed not just for the organisation providing the pension but those who receive the pension.

Our clients value strong technical knowledge in understanding pensions to help them solve their complex challenges they have but to bring new ways to innovate and develop new solutions.

A career in Pensions requires a high level of both numeracy and communication skills – as well the commitment to completing the apprenticeship and future actuarial professional qualifications to become a qualified actuary. Isio’s Actuarial Apprenticeship programme offers the opportunity to build valuable technical actuarial knowledge and effective workplace skills.

The Level 4 Actuarial Technician Apprenticeship programme here at Isio, has been designed to develop you and enable to you start to kick start your career within Pensions.

You will be:

• Applying actuarial skills and concepts to calculate the value of pension and other benefits for employers and trustees.
• Financial modelling and risk analysis for client projects
• Supporting senior colleagues in advising clients on their pensions strategy and how to manage these risks, both on a day-to-day basis and when considering a long-term objective
• Assisting with designing and implementing employee communication programmes.
• Supporting senior colleagues in helping clients to understand and manage accounting, tax and legislative changes that affect their pension schemes
• Contributing to proposals for new business opportunities
• Supporting senior colleagues at client meetings

We are recruiting apprentices into our Birmingham, Leeds and Manchester offices. In this role, apprentices will be required to work in their Isio office they are based in 4 or 5 days a week for their 6 months. Following completing your probation, will be required to work in your Isio office 3 days per week.

Getting to grips with the fundamentals of the role and building workplace skills will be your priority when you join us. Our work stretches beyond pensions and that’s where we set ourselves apart, this includes you as you develop within the role.

Our Learning and Development team will be ensuring your skills are developed throughout the duration of your apprenticeship in addition to the support you will receive from our external government approved Level 4 apprenticeship provider. The apprenticeship programme is just the start, we will support you at every stage of your career here at Isio, not just at the beginning. Beyond the Apprenticeship, support will be provided in working towards completing professional exams and getting the work experience to become a fully qualified Actuary and Fellow of the institute and Faculty of Actuaries (IFoA).

There is no expectation for those wanting to join Level 4 Actuarial Technician Apprenticeship programme to have any previous industry/work experience. However, this is a pathway to become a fully qualified actuary and there a few skills that are important to not only succeed but you to enjoy the role:

• Desire to and ability to work with and analyse complex numbers
• Working within a team – this is critical to delivering our services to clients
• Proactive in approach to managing and organising your work
• Understand the importance and demonstrate effective communication

We highly recommend researching the Level 4 Actuarial Technician Apprenticeship and the commitment to the completing this qualification and subsequent Institute and Faculty Actuarial Qualification.

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