Dan F.
About me
| Dan F. | |
| Mathematics | |
| Mathematics | |
| Undergraduate | |
| James | |
| 2009 | |
| United Kingdom |
My employment
| Trainee Actuary | |
| Mercer Ltd | |
| United Kingdom | |
| 2009 | |
| £26000 |
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A day in the life of a Trainee Actuary in the United Kingdom
Courses taken since graduation
Student of the Institute and Faculty of Actuaries
Where I hope to be in 5 years
Eventually I will finish my exams and qualify as a Fellow of the Institute and Faculty of Actuaries. With more experience there is also the opportunity to consult directly with clients.
My advice to students considering work
- Do lots of research to identify the career for you (don't just apply for everything and anything!)
- Strong IT skills
- Make lots of friends and contacts at York
What I do
For the most part, my job is carrying out actuarial calculations for Pension Schemes, mostly on Excel (although sometimes nothing beats a good old pen, paper and calculator!), then drafting reports and papers for clients communicating the results of the calculations. These papers are thoroughly checked and reviewed before being issued to the clients, often requiring a qualified Actuary to sign them out.
These calculations include;
- calculating the value of an individual's accrued pension in the scheme as a lump sum; calculating the current value of a scheme's liabilities; calculating the necessary numbers for a sponsoring employer to disclose in their accounts.
Skills I use and how I developed them
In my job and for the actuarial exams a strong mathematical background is, in my opinion, a necessity and most of the people in my team studied Mathematics at University.
What I like most
I enjoy the problem solving.
What I like least
Time recording and the exams!
Next steps...
If you like the look of Dan’s profile, the next steps are down to you! You can send Dan a message to find out more about their career journey. If you feel you would benefit from more in-depth conversations, ask Dan to be your mentor.