Trainee Consultant – Actuarial Insurance
We are proud to be a leading independent UK professional services consultancy at the forefront of risk, pensions, investment, and insurance with a team of around 1800 colleagues in nine offices around the UK and we are growing!! We were recognised as being one of the ‘best places to work in the UK’ in 2022 and 2023 and those who join us tend to stay, thriving in a professional learning environment and caring culture.
Wholly owned by Partners, we pride ourselves on being a friendly and inclusive firm, which maintains its core values of Principled, Quality, Partnership and Respect. We have the freedom to provide our clients with a high quality, innovative and professional service through strong working relationships and tailored solutions to meet our client’s needs.
We develop teams who give and welcome different opinions, views and cultural perspectives and building on our culture of doing the right thing. We want everyone at BW to feel they can bring their whole self to work, confident they are included and respected and work together to build an inclusive and diverse working environment.
The supportive structure we have in place will help you manage your work/life balance, which is why our study support package and dedicated training team are always on hand for guidance throughout our graduate programme and beyond. Look at what graduates, who recently joined us have to say:
“I joined the Insurance and Longevity Consulting (ILC) team at Barnett Waddingham as a graduate in 2023. The team offers a supportive environment where I am exposed to many opportunities and engaging work. It’s a friendly and inclusive team where collaboration across all levels is encouraged, this gives me direct access learning from more experienced team members. The diverse nature of the work ensures that I am always learning something new.”
Sustainability:
Our independence means we’re free to think beyond standard environmental, social and governance (ESG) labels and start conversations that consider the full universe of sustainable action.
From holistic data-driven approaches towards impact investing and responsible business strategies, to simpler, everyday improvements that combine social and environmental benefits. We are always looking for new ways to provide and shape a more sustainable future.
The role in more detail:
All of our graduates get early opportunities to work directly with clients and plenty of training to develop their technical, communication and problem-solving skills.
Some of the tasks you can get involved in as a Trainee Consultant working across our Insurance & Longevity team include:
- Performing and summarising actuarial calculations, valuation/model runs (where relevant) and data analysis
- Validate and manipulate data using appropriate tools (e.g. R, Tableau, Microsoft Excel and other software)
- Assisting with drafting client communications and deliverables for various stakeholders including emails, reports/working papers, regulatory submissions and presentations
- Undertaking research to support assumptions or methodology
- Support the build of new and existing models using programming languages such as R and Python
- Assist with the design and management of surveys and using statistical techniques in order to analyse and interpret the quantitative data collected
- Study for the actuarial exams (Institute and Faculty of Actuaries) to become a qualified actuary.
Our trainee consultants develop a broad, transferable skillset which covers both technical and consulting matters.
You will also have opportunities to work on a wide range of projects and to develop your softer skills.
Alongside the on-the-job training you will have full study support comprising of study leave, financial support, and a study mentor – we want you to succeed with us!
We would love to hear from if you have:
Our current graduate vacancies require a minimum 2:1 degree, A at A-Level or Higher Maths and Level 6 at GCSE English Language or B at Scottish National 5, (or other equivalent qualifications), we require dedicated individuals with a strong academic background who are dynamic, proactive and have excellent communication skills.
What’s in it for you:
- Competitive discretionary annual bonus and salary review
- Generous pension scheme (we contribute 8%)
- Funded training and professional development
- Core benefits including private medical cover, life assurance, group income protection, and up to 30 days holiday per year with holiday trading
- A comprehensive range of voluntary benefits to suit you including an electric car leasing scheme, tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, Sports Allowance – we pay up to 50% of your gym/sports membership (up to £50 pm), travel insurance, paid volunteering, and a broad range of retailer discounts
The application process:
Thank you for your interest in our 2025 graduate position! After you submit your CV and complete the job-specific eligibility criteria questions, the early careers team will review your application. Successful candidates will receive an email with a link to the Criteria Corp testing platform.
On this platform, you will be required to complete three sections designed to assess various skills and aptitudes, this also includes a one-way video interview section. (More information on the individual sections will be provided when you receive the link.
The Early Careers team will review the results and successful applicants will be invited to a short telephone call before the assessment day in the local office that you have applied for. We will start sending candidates to the Criteria Corp testing platform towards the end of August, so if you apply over the next few weeks, please bear with us.
Our Assessment days will are planned the week commencing 18 November until Christmas.
We look forward to seeing your potential and wish you the best of luck throughout the application process!
Accessibility:
We are a Disability Confident Employer. If you have a disability, learning difficulty, medical condition, or individual need, which you believe may affect your performance during our selection process, we’ll be happy to make adjustments to our processes to enable you a fair opportunity to showcase your skills.
Please visit AbilityNet should you benefit from advice on making your device easier to use if you have a disability.