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Senior Actuarial Trainee - Craigforth


Accountancy, Admin Secretarial and PAs, Banking Insurance Finance
Working Pattern:
Full time
Date Posted:
Thursday, 12th July 2012
Flexibility Offered:
Job Ref:
Prudential - Senior+Actuarial+Trainee+-+Craigforth


We are currently recruiting a Senior Actuarial Trainee for our offices in Craigforth, Stirling.  This role will sit within the Actuarial Support (Technical) function of the Actuarial Department.   Responsiblities within this department include supporting investigations and bonus recommendations and on-going management of with-profts business. 
We offer a competive salary, flexible benefits and study support package. 
Overall Job Purpose
The actuarial department operates a rotation policy for its actuarial trainees and so any individual could be expected to work in any of the pricing, existing business support, business partnership, statutory or realistic valuation and modelling areas. At any given time she/he would be a member of a team reporting to the relevant manager/team leader. This job description is generic covering all senior actuarial trainees rather than any particular role.
  • As a team member, to support the relevant manager / team leader to carry out the tasks applicable to the relevant team.  This could include some but not all of the following
  • Asset share and bonus investigations
  • Financial reporting (achieved profits, MSB, USGAAP, realistic solvency)
  • Product development
  • Experience investigations
  • Development of actuarial systems
  • Systems testing
  • Customer Service support
  • Policyholder projections
  • A trainee is expected to play an active role in the team, to contribute to the relevant team's effectiveness and to assume a level of responsibility appropriate to experience / progress through study scheme and exams 
  • Compliance - To ensure that you understand and adhere to Prudential's Code of Conduct and, where appropriate, comply with all relevant regulatory policies.  This includes completion of any mandatory training requirements
  • Financial Controls - Ensure all expenditure commitments (orders, contracts, budgets etc) and all payments are properly authorised, controlled and monitored, in accordance with Prudential UK delegated authority requirements. The responsibilities of expenditure authorisers are documented in the Prudential UK Financial Procedures Manual
  • Performance Management - To ensure the delivery of People Management Pru and that all its processes and tools are fully utilised
Key Interfaces - Internal 
  • Other actuarial teams as appropriate
  • Other departments as appropriate
Key Interfaces - External
  • External auditors / consultants as appropriate 
To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.
Experience and Skills/Knowledge:
  • Student member of the Institute or Faculty of Actuaries likely to have at least 10 passes/exemptions.
  • Track record of being a fast learner as evidenced in current role and by exam progress
  • Actively studying for and making satisfactory progress with Institute / Faculty exams
  • Developing understanding of Financial Services business, regulatory environment, Prudential UK operation, long term business products as appropriate
  • Commercial appreciation and attitude
  • Strong analytical skills and ability to draw conclusions from complex financial information
  • Competent spreadsheet skills
  • Ability to express own viewpoint to actuaries and others.(both orally and in writing)
  • Good team player
  • Highly self motivated
  • Ability to show initiative and work without close supervision
  • Ability to plan work
  • Ability to work to tight deadlines
  • Ability to participate and communicate effectively in cross divisional work


Location: Craigforth, Stirling


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