The management of risk and uncertainty to a variety of clients.
Overview
The actuarial technician was approved for delivery on 26/03/2015. This Higher apprenticeship standard awards you with a level 4, qualification when completed. The usual duration of this apprenticeship is 24 months, but this does not include the End-Point Assessment Period.
What the course covers
Actuarial Technicians draw upon their combination of financial and business knowledge to provide advice and guidance on risks and dangers for a variety of organisations, helping them understand and analyse data to predict the potential failure or success of a range of strategic decisions.
The Actuarial Technician apprenticeship will develop your mathematical skills and understanding of software, technology and other tools to provide support to clients, and is designed for apprentices in roles within business areas such as pensions, insurance and investments. You will work with a broad range of teams within and business and maintain consistent communication with other colleagues and major stakeholders.
Duties for apprentices employed in this role can include:
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- Reviewing and analysing data
- Presenting findings to other stakeholders
- Systems and process development
- Technical support for other teams
- Internal and external compliance documentation
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- Using a range of IT systems and software
- Support for third party clients
The apprenticeship will be completed through a mix of professional observations, workplace mentoring and off-the-job training, and apprentices will be required to complete an end-point-assessment (EPA) that will test their understanding of Actuarial principles.
Careers and jobs associated
- Actuarial Analyst
- Actuarial Consultant
If you would like to find out more about the actuarial technician apprenticeship standard, skills, learnt, assessment methods and duties of the role, visit the Institute for Apprenticeships.
