Actuarial Consulting Intern (Pensions) Review

Actuarial and Analytical Tasks, such as
Regular assessment of the financial position of pension schemes
Identifying and implementing ways for trustees and companies to reduce the risks in relation to their schemes, including longevity risks, investment risks and inflation risk
Carrying out calculations relating to the pension scheme for the company's financial accounts
Carrying out calculations with respect to individual pension scheme members' benefits
Estimating pension protection fund levies
Client Focused Tasks, such as
Day-to-day management of the pension scheme and internal projects
Building and maintaining relationships with clients and other stakeholders of the scheme
Attending and presenting at client meetings
You’ll be given opportunities to work on a range of projects, gaining early exposure to clients to support your development. You’ll also have the chance to be involved in one of our specialist teams, focusing in areas such as:
Risk Settlement, advising clients on the best way to reduce risk through transferring it to a third party.
Member Options, helping clients reduce risk and/or cost by offering pension scheme members the choice to reshape their benefits to better suit their individual circumstances.
Analysis of mortality and other demographic factors using Aon's Demographic HorizonsTM

Yes. I did work that was then checked and reviewed and sent out to clients with me cc'd in the email, sometimes with no changes and using the email I had drafted, so I could see that my work was sent to clients. I worked with grads and a few more senior actuaries, and was also given responsibility in organising team socials and sending emails to over 400 people. All of the work I was given, which was a lot and I was never bored during the internship, was the same as what a grad would have been given, and the grads on the team took time to explain everything to me in depth.

technical experience in actuarial models and calculations and key concepts in pensions. Presentation skills (given opportunity to do a wellbeing presentation and discussion to the whole team including senior team members like senior consultants and associate partners). teamwork, communication, Excel skills, confidence,

Constant support and guidance when needed, always knew who to turn to and had a buddy and manager who checked in regularly. Also lots of guidance on work tasks and clear explanation and always friendly and happy to answer questions if i didn't understand

Generally supportive and inclusive culture, especially in my team. Good training about inclusivity and a variety of BRGs for Pride, Accessibility, Mental Health etc. Also lots of team socials (average one a week, including rounders, drinks, games night, lunches) and us interns also organised drinks (average once a week after work). not very aware of what charity, sustainability and CSR initiatives there are.

Very, great team and atmosphere, lots of learning opportunities, great work and social experiences, developed skills and technical understanding.

Yes