Acting as an expert adviser to the insurance industry, our Actuarial team help organisations to manage financial risk. Here, you’ll be given the chance to use detailed analysis of past events to create accurate models of the future – and crucially, advise on their financial implications. It’s a highly technical role, best suited to graduates who are numerate, extremely ambitious and able to communicate complex ideas to non-specialists. Our Actuarial Graduate Programme is a great opportunity to build a varied career, gain the Actuarial qualification in three to five years, benefit from a range of training options and help clients to solve complex business challenges. Within Actuarial, there are two different areas which you could join:

Life Actuarial Services provides advice to the Life Insurance industry, who in turn provide investment related products (such as endowments or insurance bonds) or protection products (such as term assurance policies or critical illness cover). 

General Insurance covers the spectrum of business and personal risks, with types of insurance ranging from standard car and house to more exotic insurances covering satellites, oil rigs or hurricane damage. Changing regulations, new products and developing markets mean that nothing stands still in this challenging and demanding business area. 

Like our clients, we're having to adapt. This means new working patterns, physical adjustments in our offices and new ways of interacting with our colleagues as well as the organisations we work with - we are harnessing technology to help underpin this change.

Programme summary

Programme overview

Capability: Consulting

Programme length: 3 years

Qualifications: Fellow of the Institute and Faculty of Actuaries

Entry requirements

As a general rule, you’ll be expected to meet the following requirements (*or equivalents)

  • Minimum Grade A GCSE* Maths
  • Minimum Grade A GCSE* English Language
  • Minimum of 136 UCAS points* under the 2017 tariff point system at A Level (including Maths at a minimum Grade A)
  • Minimum 2:1* in a numerate degree in one of the following: Actuarial Science, Maths, Economics, Physics or Engineering

Please note, we only consider a candidate's 'top' 3 A-Level grades and do not accept General Studies.

At KPMG, we look at more than just your academic results. We will review your application, together with your performance in our assessments, to ensure that you have the best opportunity to demonstrate your potential. We will be considering your strengths and achievements alongside a number of other metrics, including technical background and/or experience, to ensure that you have the skills to succeed at KPMG.

Key skills

Throughout the recruitment process we will be looking to learn more about your strengths.

To be successful on this programme, you will be required to demonstrate the strengths that we look for in our graduates at KPMG.

Learn more about what we look for and how to apply here.

Training and development

From day one you’ll be on a structured training path towards gaining a professional qualification, studying towards the Institute and Faculty of Actuaries' exams on subjects including:

  • Financial Mathematics and Modelling
  • Probability and Statistics
  • Financial Reporting and Economics
  • Actuarial Risk Management
  • Life and General Insurance

You will follow a fully supported and structured learning path through the qualification, with expert tuition and wider support from both within KPMG and our trusted partners, working towards full Fellowship qualification within 5 years of joining the firm.

Additional important information

All costs of your studies will be covered, and the business will support you fully to ensure you have time to focus on your qualification alongside completing work on projects with our clients. Allocated study leave is provided to give you the best chance of success.

A high level of numeracy and an analytical approach to your work is clearly important in a business sector that can involve detailed statistical modelling and financial mathematics. You’ll also need good communication skills – working with our clients to understand their needs and help them deliver business critical projects. A strong understanding of business issues and how legislation may affect them is also an advantage.

Whilst you will apply to a specific office location, you will likely be required to work flexibly across the region, at KPMG offices, client sites and with varying levels of home working.

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