Apprenticeship training course

Actuary (level 7)

Analysing data to predict the likelihood and potential financial risk of future events.

Qualification level: 7
Equivalent to master’s degree.
Typical duration: 36 months
Apprenticeship category: Legal, finance and accounting
Maximum funding: £18,000
Maximum amount government will fund
for apprenticeship training.
Also known as: Capital actuary

Climate Actuary

Climate Change Actuary

ESG Actuary

Financial actuary

Insurance Actuary

Pensions actuary

Pricing actuary

Scheme actuary

Sustainability Actuary
Skills: Skills an apprentice will learn

Apply tools and techniques to assist strategic thinking needed for a role in wider management

Interpret the accounts and financial statements of companies and financial institutions

Build a model, analyse the data, methods used and outputs generated and document the work (including maintaining an audit trail for a fellow student and senior actuary)

Communicate the approach, results and conclusions to a senior actuary

Communicate effectively, both written and orally, when relating concepts used by actuaries to recipients without specialist actuarial expertise, using effective structure, appropriate language and adequate explanation

Apply actuarial techniques to analyse business problems and then formulate, justify and present plausible solutions for consideration

Full information on Actuary (level 7) is available from the Institute for Apprenticeships and Technical Education.

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