The Graduate Programme

What is an Actuary?

Actuaries are among the most influential professionals in the financial world.

An actuary designs solutions to problems that involve financial risk or future uncertainty. Clearly then, there’s a big technical and mathematical element to the role.

To our clients, you’ll be seen as a valued consultant who can solve their problems and support their business success. That’s why you’ll need to be a real ‘people person’ who can build a strong rapport with each client and develop a sound understanding of their organisation.

Actuarial work is renowned for providing individuals with a rewarding career in terms of intellectual challenge and variety, financial rewards and status.

At XPS, our actuaries:

  • Have strong analytical and technical skills
  • Are great communicators and thrive in a collaborative working environment
  • Take a proactive approach and have a passion for delivering excellent client service
  • Are creative and show initiative in coming up with innovate solutions to real-world problems

Why pensions?

Rarely out of the headlines, the pensions industry is very dynamic, and the role of the pensions actuary has had to adapt rapidly to keep up with the changing landscape. With well documented increases to life expectancy, record low interest rates, and frequent tinkering by the Government, the industry is a compelling place to be.

By being involved in an industry that never stands still, you will find yourself continually learning and facing new challenges. As a graduate pensions actuary, you will have exposure to a wide range of work that will be both engaging and rewarding.

The question is often asked “if I start my career in the pensions industry now, will I still have a job in thirty years’ time?” At XPS we strongly believe that this will be the case. We are a growing business with a very long time horizon and are uniquely placed in the pensions industry to adapt to the coming changes. It might not be the same job that you came in with, but where would the fun be in that!

Why XPS?

As a graduate pensions actuary with the largest purely pension consulting and administration firm in the UK, you’ll be exposed to a variety of work with a range of clients and won’t be constrained by hierarchies.

You won’t just be crunching the numbers, you’ll be delivering the advice and seeing it implemented. You’ll be doing both individual member and bulk member calculations. You’ll be utilising our industry-leading models and designing your own. You won’t just be working in one team, you’ll be working with a range of different people and different departments.

Our practices cover a broad range of consultancy services including:

  • Actuarial consultancy
  • Strategic benefit consulting
  • Pensions consultancy
  • Flexible benefits programme
  • Benefit communications
  • Risk consultancy and broking
  • Pension investment consultancy
  • Pension, legal and documentation
  • Pension administration
  • Healthcare consultancy and administration
  • Interim management solutions

And within XPS you’ll have the opportunity to take your career where you want it to go, be that in consultancy, client management, investment advice, corporate advice, systems support, people management or business development.

“I accepted the XPS job offer mostly because of the XPS staff I met at the assessment centre. They were able to give me an insight into everyday working life, the general atmosphere of the office, the study and training support. Most importantly, they all seemed really happy which I think is a good indicator of how a company treats its staff.”

Tara Haripaul, Guildford

Who are we looking for?

As well as meeting the mandatory academic requirements, you will also need to demonstrate the necessary personal qualities and attributes to perform an actuarial consulting role.

Applicants must have:

  • A minimum of a 2:1 honours degree in any discipline, although ideally a maths, economics or science-based subject
  • An A grade (or higher) at A Level (or equivalent qualification) in mathematics

In addition to these academic achievements, we are looking for independent self-starters who possess and can demonstrate the following key attributes:

  • Excellent interpersonal skills
  • A client focused approach with the potential and desire to deliver excellent client service
  • Well-developed communication skills, both orally and in writing, and suitable for a diverse range of people
  • An ability to work as part of a multi-disciplinary team and an aptitude for working with people
  • An eagerness to take on responsibility and an ability to manage multiple demands on your time

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