Advisory & Consulting - Actuarial Graduate Trainee - September 2025 - Leeds
Forvis Mazars
The deadline to apply for this role is Friday 20 December 2024. However, if we receive high numbers of applications before this date we will close the role. We therefore encourage you to apply as soon as possible to avoid disappointment. Once you have submitted your application, please complete your online assessments as soon as possible. In January 2025, we will review all successful applications and advance the strongest candidates to the next stage.
Forvis Mazars : who are we?
Forvis Mazars LLP is the UK firm
of Forvis Mazars Group. In the UK we have over 3,300 employees across 14
locations, delivering an outstanding client experience. Forvis Mazars is
an engine for rapid and consistent career progression, offering career
paths that help you pursue your interests, match your changing needs,
and explore your true potential. We work with diverse, prestigious
clients across a range of sectors and geographies, giving you the
opportunity to constantly update and grow your skills for lifelong
professional development. You can find out more about our firm here.
Advisory & Consulting at Forvis Mazars
At Forvis Mazars,
our Advisory and Consulting service line is an award winning, global
group of successful, entrepreneurial teams. The scope of roles across
our service line is broad and varied which is great for our team and
clients. The diversity of our service offering enables us to make the
time we spend with our clients count by helping them take meaningful,
key decisions with confidence and meet their goals.
In Advisory & Consulting, collaboration is at the core of all we do. We have over 700 experts across our teams who operate as subject matter experts across our 7 business units: Crisis and Disputes, Deals and Financing, Financial Services Consulting, Management Consulting, Infrastructure Energy, Sustainability Services and Digital and Risk Insurance, with the aim of adding value to clients by finding solutions to a range of financial issues as one collaborative team.
Join a team that prioritises quality and trust. Our team is commercial, pragmatic, and reactive to the changes in the market whilst also taking the time to ensure our approach is personal and productive.
About the Actuarial Team
The Actuarial team at Forvis Mazars
is part of the Insurance Risk Consulting (IRC) department, a rapidly
growing and globally successful group of teams. We collaborate to offer
a unique market differentiator while consistently delivering top-quality
work for our clients.
Our expanding Actuarial team provides a variety of traditional actuarial services to clients across both the general and life insurance industries. This includes reserving, capital management, Solvency II assessment, IFRS 17 compliance, and other regulatory requirements. We work with insurance companies in multiple lines of business, including aviation, cyber, property, motor, individual & bulk purchase annuities, whole-life insurance, with profit, unit linked, etc. Our operations span the London Market and Lloyd's across the UK and Europe.
We also collaborate closely with various other teams, including Risk Assurance, Financial Services consulting, Audit, and Forensics, to provide services such as internal and external audit, Independent Expert reviews, claims consulting, and statistical sampling.
We operate a hybrid working model, so as a trainee, you will split your time between working from home, visiting the office, client sites when required, and studying for your professional exams.
Hear from one of our graduate trainees, Arunan:
Being a part
of the actuarial team has given me hands-on experience with much of the
technical work we carry out, while also providing a good network and
system to support my exams and my apprenticeship. It has also given me
exposure to working with a variety of clients and team members at
Forvis-Mazars. I've learned a lot from our extensive team and have felt
supported throughout my transition into my first full-time role
post-university.
About the role
Our Actuarial team helps insurance
organisations manage financial risk by analysing past data and advising
on financial implications using our in-house reserving models. Graduates
joining this program will gain expertise in actuarial skills such as
reserving, data analytics, and regulatory reporting, alongside key
consulting skills. Supported by a diverse team of experts, they will
have access to various learning opportunities, including formal training
and e-learning. Graduates will work with some of the world's most
recognisable companies, including those listed on the London Stock
Exchange, as well mutual and proprietary businesses. Our Actuaries work
across both life and general insurance industries, addressing diverse
client needs.
As part of our General Insurance team, you will:
• Perform
independent calculations to estimate reserves for different classes of
insurance;
• Perform detailed testing of claims data to challenge
management on trends in large and unusual movements;
• Review the
methodology and assumptions selected by management in their calculation
of reserves;
As part of our Life Insurance team, you will:
• Create independent
cashflow models for products such as annuities, whole life, and term
assurance, and compare the output with models received from clients.
•
Review methods to derive assumptions such as lapse, mortality,
longevity, mortality trends, morbidity, expenses, discount rates (both
deterministic and stochastic), and matching adjustments used in the
cashflow projection models.
• Use actuarial techniques to create
independent expectations to review assumptions related to annuities,
whole life, term assurance, and health products.
Other general activities will include:
• Provide support in writing
technical reports
• Assist in creating presentations in non-technical
language for non-actuaries
• Develop client relationships through
meetings, social activities, and gaining an understanding of their
business/industry.
You're joining us as a permanent employee, so the 3 years is only the beginning of your exceptional career journey at Forvis Mazars.
What we're looking for
• On track to receive or have obtained
a 2.1 or above in a relevant degree (e.g. Maths, Physics, Economics,
Engineering or Actuarial Science)
• An 'A' or above in A-Level
Mathematics or equivalent qualification;
• Deep curiosity to learn
new things and is naturally inquisitive;
• The ability to think
critically solve problems and share knowledge with others;
• A
commitment to self-development and learning;
• Strong sense of
ownership of duties and high levels of responsibility to deliver on
promises;
• Always looks to try their best in all they do and always
looking for ways to improve;
• Enjoys meeting and engaging with new
people with an underlying respect for individuals, diversity, and
integrity;
• Works well under pressure and have a positive ‘can-do'
attitude if faced with challenging situations;
• Excellent time
management skills;
• A willingness to travel and adhere to our
flexible working environment.
Learning and development
Fully funded professional
qualification for this role: Institute and Faculty of Actuaries (IFoA)
Additional qualification(s): Level 7 apprenticeship
Our supportive culture includes coaching, mentorship, and one-on-one guidance. In addition to funding qualifications, we provide time off to study, and a blended training approach including in person and virtual learning. You will be allocated a buddy before joining who will support you to settle into the team and navigate your first year at Forvis Mazars.
You will also receive comprehensive quality training and development to excel in your professional career; this includes development in professional excellence, client excellence, digital excellence, and technical excellence. Our goal is to support you in reaching your full potential and become a standout talent. To understand more read our FAQs.
Inclusion and diversity
Being inclusive is core to our
culture at Forvis Mazars; we want to ensure everyone, whether in the
recruitment process or beyond, is fully supported to be their unique
self and provided with a level playing field. To read more about our
approach click here.
Next steps
Roles will be closed as soon as we find the right
people, so to avoid disappointment we encourage you to
submit your application as soon as possible. If you are an
international applicant and/or require a visa please view our FAQs
before applying to be aware of deadlines and important information you
need to know before apply