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Actuarial technician

Helping colleagues to build mathematical models to make financial predications for clients.

Summary of this apprenticeship standard

Level

4 (equivalent to certificate of higher education)

Typical length
24 months
Current funding band
Up to £15,000 per apprentice.
More information about funding
Entry requirements

Set by employer.

What apprentices will learn
  • actuarial techniques used in the pensions, insurance or investment industry
  • actuarial concepts, models and approaches
  • actuarial software, technology and tools
  • structure of the financial services market, the Institute and Faculty of Actuaries (IFoA) and the regulatory environment
Qualifications

Apprentices will be assessed by one of the following:

  • modules 0 (entry exam) and 1 (finance and financial mathematics), IFoA Certified Actuarial Analyst qualification
  • core technical module (CT1: financial mathematics), IFoA Fellowship qualification

Apprentices will also have to pass the IFoA online professional awareness test.

Before taking their end-point assessment, apprentices must achieve level 2 English and maths (equivalent to GCSEs at grades A* to C).

Professional registration

Provides professional membership of the IFoA.

End Point Assessment
View a list of end point assessment organisations for this standard
Organisation Phone Number Email
City and Guilds 0844 543 0000
More Information

The Institute for Apprenticeships has more detailed information about this apprenticeship.