Hi! I am currently pursuing MSc in Actuarial Science from Heriot Watt. What constitutes the role of an actuarial grad?

Hi Neetika! The role differs slightly depending on whether you are a life, non-life or pensions grad.

I work in the life team and have had some experience in the non-life team as well so I will give you a bit of an insight into both.

Life graduate! We are a bit of a hybrid role, we often support on audits over year end which involves gaining an understanding of client processes and assumptions and producing relevant documentation. These projects are really helpful to learn how insurance companies work and give you a great opportunity to apply the knowledge you learn from studying. The rest of the year we are involved in more consulting style projects which will range from helping a client to implement regulatory model changes to developing new apps and dashboards to help clients visualise their data and automate processes. There's scope to get involved in implementing all sorts of innovative solutions if you have an interest in a particular area. The life team at EY is based in London, Bristol and Edinburgh.

Non-life graduate! I had the opportunity to support on the non-life team when I first joined EY. The non-life team are more heavily focused on reserving year-round. This includes projecting cashflows and verifying client assumptions. There is a lot of data analysis involved in this role but again you get a good understanding of how an insurance company works. The non-life team do some consulting projects over summer but they are more competitive to get involved with. The non-life team are only based in London currently.