This apprenticeship has been retired

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Overview of the role

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

Actuarial technician

Reference Number: ST0004

Details of standard

Occupation: Actuarial Technician

The actuarial profession is a diverse sector which involves the management of uncertainty and risk to help clients, both internal and external, meet their objectives. Actuarial teams build mathematical models to predict future financial outcomes; from setting car insurance premiums to helping people provide for retirement. The Actuarial Technician Apprenticeship is an entry level role into the industry which is supported by the CAA Global. The apprentice will work as part of a team supporting qualified actuaries using data to provide solutions for clients. The role will develop key business skills and behaviours, including servicing clients and supporting the advice given by qualified actuaries, through a focus on “on-the-job” training whilst also studying for some professional exams. The role has been designed to support further career development within the sector.

Occupational Profile – Duties that this role could be asked to perform:

  • Data preparation and checking for accuracy
  • Use spreadsheets and models to populate reports and presentations for clients
  • Technical support for the wider actuarial team
  • Systems development and testing
  • Appropriate use of IT to complete a wide range of tasks
  • Providing support for queries from clients, third parties and other business areas
  • Develop an understanding of hot topics which affect the industry
  • Study for professional exams
  • Completion of internal and external compliance documentation


What is required

Actuarial Techniques

A broad knowledge of actuarial techniques relevant in the appropriate industry

(pensions, insurance or investment) e.g. carrying out financial and mortality projections in order to estimate the future cashflows a client’s pension scheme.

Processes and Principles

Technical know how and general awareness of the impact of the various actuarial

concepts, models and approaches, e.g. how changing the assumptions into a model (such as future rates of inflation) affects the output, which may be the level of premiums for an insurance policy.


A good understanding of how actuarial software, technology and tools can be

used to provide answers and solutions to clients, e.g. using Microsoft Excel to manipulate large data sets.

Industry regulation

A broad understanding of the structure of the Financial Services market, the

Institute and Faculty of Actuaries and the professional requirements and regulatory environment in which they operate.


What is required

Practical numeracy

The ability to analytically and logically apply numerical techniques to given requirements and understand basic actuarial principles and calculations e.g. to review the claim reserve pool for an insurance company to ensure they have sufficient funds.

Quality Service Delivery

Taking responsibility for assigned tasks, planning and delivering results to a high standard and within the required timescales, and adapting to new requests or unforeseen events, e.g. avoiding errors and omissions when working under pressure to ensure that clients receive the best results.

Clients, Colleagues and


Maintaining high levels of service standards, internally and externally. An awareness of clients’ needs and an understanding of the importance of maintaining a relationship with the client and the need for the company to benefit financially from the services offered e.g. responding promptly to client queries to keep them happy.


Working in an organised manner with attention to detail in order to deliver good

outcomes for the business e.g. working on a number of different

actuarial/technical projects at the same time with different clients and deadlines.

Data extraction and


Obtaining, analysing, modelling and interpreting data to solve actuarial challenges e.g. understanding previous motor claims to work out the next year’s premium.


What is required

Commitment and


A passion and desire for a career in the actuarial profession and a drive to succeed

at everything they do, so that they deliver the best results for the business.

Working with others

The ability to develop collaborative and productive relationships by sharing

information, effectively building on the ideas of others and proactively seeking work to support other members of the actuarial and non-actuarial team.

Communicating Effectively

Using effective communication techniques to build rapport with a range of

colleagues and clients, e.g. using positive questioning and active listening to be able to communicate technical actuarial content in a non-technical manner.


Conducting selves with honesty and integrity, and demonstrating an ability to

adapt across different mediums. Role modelling positive behaviours for the employer, the actuarial apprenticeship and the actuarial profession, both understanding and complying with the principles of the Actuaries’ Code.

Approach to thinking

Logical thinker with the ability to problem solve through a variety of techniques.


The apprenticeship will typically take 2 -3 years to complete.

English & Maths

Apprentices without level 2 English and maths will need to achieve this level prior to taking the End-Point Assessment. For those with an education, health and care plan or a legacy statement, the apprenticeship’s English and maths minimum requirement is Entry Level 3. A British Sign Language (BSL) qualification is an alternative to the English qualification for those whose primary language is BSL

Link to professional registration:

​This apprenticeship provides professional membership of CAA Global.​


Level 4


The apprenticeship should be reviewed after a maximum of 3 years

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Status: Retired
Level: 4
Reference: ST0004
Version: 1.0
Date updated: 21/03/2023
Approved for delivery: 26 March 2015
Route: Legal, finance and accounting
Typical duration to gateway : 24 months (this does not include EPA period)
Maximum funding: £15000
LARS Code: 17
EQA Provider: Ofqual

Contact us about this apprenticeship

Employers involved in creating the standard: Aon Hewitt, Barnett Waddingham, Grant Thornton, KPMG, Mercer, Munich Re, PwC, RSA, Institute and Faculty of Actuaries

Version log

Version Change detail Earliest start date Latest start date Latest end date
1.1 Standard, end-point assessment plan and funding revised 21/03/2023 Not set Not set
1.0 Approved for delivery 26/03/2015 20/03/2023 Not set

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