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“ What does an actuary do on a day-to-day basis? ”

Ken T. asked a question
during the live chat Deloitte 'ON AIR' Chat - Scotland & Northern Ireland
to Deloitte UK Recruitment Team

on 18/02/2014
2984
20 Live chat
Hi there, I was just wondering if you would be able to shine more light on what an actuary does on a day-to-day basis and in general (if they differ)?
on 18/02/2014
Ken T.

Also, I saw in a thread last week that you linked up someone to a buddy so that they could ask questions about being an actuary at Deloitte. Would it be possible to sort that for me too please?

on 18/02/2014
Programme Design Advisor - National, Deloitte UK

Hi ken, yes that is certainly something that could be arranged. Could I ask which office you are applying to?

on 18/02/2014
Ken T.

Applying for Belfast

on 18/02/2014

Hi Ken. I'm not part of actuarial myself but know a few people who are. I'm going to ask and see if I can get some info on the day to day and general roles...

on 18/02/2014
Ken T.

Thank you!

on 18/02/2014
Programme Design Advisor - National, Deloitte UK

We have now filled our Actuarial roles for Belfast unfortunately, but our vacancies for our 2015 intake will open in July

on 18/02/2014
Ken T.

Is it filled for summer internships too? I was able to make an application form on Sunday (not completed though)

on 18/02/2014
Programme Design Advisor - National, Deloitte UK

Yes our summer vacation and graduate roles are now full, I will look in to why it is still on our website.

on 18/02/2014
Ken T.

OK, thanks for that.
Can I ask; on the application form it says to choose a Service line and Audit, Tax and Risk consultancy are placed under Professional Services.
At which point do I choose which area I wish to work in? Do I write about it in the Career Motivation section?

on 18/02/2014

You need to select Audit, Tax and Risk consultancy and once you pass the online stages you will be asked which area in Audit (for example) you want to work in! That will also depend on what is still available in the office to which you have applied. So your career motivation needs to be focused on Audit generally not Audit - Public sector (for example).

on 18/02/2014
Ken T.

Great info.
What would you recommend for someone who is good with maths but does not prefer client contact as much?

on 18/02/2014

I would say most of the roles are client facing in one way or another. For auditors this means physically visiting clients while other teams are more office based but still with regular contact with clients.

on 18/02/2014

Hi Ken. I have some info on the day to day activities of an actuary.

on 18/02/2014
Ken T.

That's great!

on 18/02/2014

So here's some things you may find yourself working on:
-Building cashflow models
-Reviewing economic and demographic assumptions
-Auditing insurance liabilities
-Valuing liabilities for M&A
-Regulatory developments such as Solvency II and IFRS
-Advanced analytics
-Propensity and segmentation modelling

on 18/02/2014

I hope that makes more sense to you than it does to me....

on 18/02/2014
Ken T.

:D I'd definitely need to research a lot of those things! I will hold onto that information if I apply for the next intake year.

Could you please tell me what areas the Belfast office specialises in and if there is any way to see what each national office specialises in?
Also, are there still internship available at the Belfast office outside of Actuary?

on 18/02/2014
Programme Design Advisor - National, Deloitte UK

Certainly, we take on grad's within Audit, risk consulting and consulting (both operations and technology). regarding the summer vacation scheme we are still accepting applications for audit at the moment

on 18/02/2014
Ken T.

Would I still be able to get into contact with someone in an actuarial role, just so I can find out more about those activities David outlined?

on 18/02/2014
Steven B.

Hi Ken,
If you can contact me through our Career Inspiration app away from this chat, with a contact email address, I can see about putting you in touch with someone who can flesh out your view of actuarial?

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