Job Description
What does this team do? In Actuarial we are problem solvers and strategic thinkers, who use mathematical skills to help measure the probability and risk of future events. Our work helps individuals to plan for the future, and it’s always challenging and interesting. As part of the Capital Market Group team, you will be involved in the more mathematically complex and programming-based roles of actuarial and banking work, requiring high levels of quantitative skills to solve challenging problems on behalf of our clients. There is a focus on research and development, with the team being responsible for the enhancement of Deloitte’s economic scenario modelling suite: XSG, which helps us to determine probability. You will also have opportunities to participate in the same projects as the wider life insurance team, allowing for a broad actuarial experience. The Capital Market Group team sits within the actuarial life insurance team, and together we serve a wide range of clients, across life and general insurance, asset managers and banks. Past projects have included: fast-paced mergers and acquisitions advisory, accounting transformations, and modelling impacts on insurers of risks arising from credit markets, operations and sustainability/climate change. Capital Market Group, like the wider life insurance team, fosters an open and friendly working environment that naturally allows everyone to learn from the wide range of experts within the practice. What skills and academic qualifications do I need? You’ll need to have obtained or be studying towards a minimum 2:1 in a maths or finance related degree (this could include but not limited to: including Chemistry, Actuarial Sciences, Finance, Physics, Economics, Engineering and Computer Science) and have graduated by September 2027 for the Autumn 2027 intake. An A-level (or equivalent) in Maths is encouraged but not essential. No prior experience is required; however, we advise that you show some understanding of the insurance industry and the role of actuaries within it. You are enthusiastic about solving mathematical and/or coding challenges. Someone who wants to apply their logical thinking skills to our research and development opportunities. You take the initiative to improve weaknesses in programs and processes. Someone who analyses at a high level but also delves into the details. You are willing to work closely with and learn from other team members. Someone who listens to and asks questions of peers, colleagues and seniors. We have identified 10 core skills that are essential to all our roles in Early Careers. To learn more about these skills and their detailed descriptions, please visit the 'Discover What We Look For' section in our Candidate Zone. What kind of work will I do? One of Capital Market Groups responsibilities is using, maintaining and developing XSG, which is Deloitte’s in-house actuarial economic scenario generation software. This produces economic scenarios for clients to use in later modelling processes. You will be running and enhancing XSG's tools and methodologies, including opportunities to research potential improvements to modelling approaches and writing research papers on these. You will also deliver economic scenarios and training sessions to our clients, as well as any bespoke modelling adjustments and changes as requested by clients. This will involve handling a variety of market data, as part of your work estimating, reviewing and validating a range of model inputs and outputs. Capital Market Group also supports the wider life insurance team on a variety of projects. For instance, you may be advising insurance clients on the level of capital to hold and their capital structure, and in doing so helping to optimise their internal modelling processes. Or you may be supporting financial change programmes by identifying inefficiencies in our client’s actuarial processes and collaborating with their people, to design and embed both better ways of working and new technology/solutions. Where will I work? At Deloitte we recognise how important face-to-face interaction is for your development in a new role. We also understand that our people need flexibility, which is why we operate a hybrid system, with a combination of office and home working. If you’re in a client-facing role, you might be expected to attend client sites on certain days, while your meetings will be a mix of online and in-person events. Please note your final assessment and induction will also be in-person, to give you the opportunity to network and build relationships. All our workspaces are accessible, however, if you require further flexibility due to a health condition or caring responsibilities, please discuss this with our team. You can find further information on our parent and carer policies here. How will I develop? In September you will attend our Analyst Induction Programme (AIP) alongside your Technology & Transformation Analyst peer group to learn about our