BETA This is a new service – your feedback will help us to improve it.

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.

Documents

End Point Assessment

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