Summer Actuarial Intern, Global Insurance Services | Forensic & Litigation Consulting

Application deadline is 15 May 2020Candidates will hear back from us with interview invitations by late May 2020Please note only applicants that supply a cover letter will be considered.Duration: 8 weeks - Monday, 29 June 2020 - Friday, 21 August 2020The Global Insurance Services Practice are a team of 200 experienced insurance professionals supported by a global network of over 5,000 colleagues. We have first-hand insurance industry knowledge, combining with operational, technical and executional capability.Our ambition is to grow an insurance focussed general consulting and actuarial practice in EMEA by focusing on the current and emerging needs to our clients.These clients turn to us for help with a wide variety of complex problems including advice on strategy, merger and acquisitions, capital, financial and risk management. We advise household names and specialist insurers in both life and general insurance across the region.The actuarial area of the practice offers a wide range of services in the actuarial field, including (but not limited to):Pricing & reserve calculationsHelping insurers ensure they charge the correct premiums for their products (e.g. car insurance) to reflect the risks they are taking on and ensuring they hold the correct amount of financial resources to both comply with regulation and give comfort to policyholders that their claims will be paid.Capital & reinsurance modellingLooking at all (financial and non-financial) risks faced by an insurer to calculate the amount of additional financial backing needed to cover the volatility of these risks. This involves carrying out modelling of different scenarios to ensure the amount of resources held is sufficient to survive different environments that the company may find itself in the future.M&A due diligenceAnalysing, from a commercial, strategic, financial or actuarial standpoint, the operations on a potential sale or purchase of an insurer.Liability estimationUsing actuarial techniques to calculate the amount which a company should hold on its balance sheet so the claims of policyholders can be paid as they become due.We offer services to both the life and general insurance areas of the actuarial profession. We aim to give the successful candidate exposure to both fields and thus a wide variety of experience in the very different elements of work carried out by actuaries.What you will do and how you will grow:As an actuarial intern in our team, you will be working with and will have the opportunity to learn a wide variety of skills from highly experienced people including actuaries and accountants. The role will be focussed on people in the actuarial space, working on capital modelling, regulatory and financial reporting and due diligence, whilst also lending these skills to commercially relevant challenges faced by the larger insurance firms in the UK.You will be staffed on a variety of client projects, have client interaction through telephone calls and meetings and be treated as a full member of the GIS team.You will be gain experience in working with leading software that is used in many actuarial firms across the industry.You will have the opportunity to interact with both qualified and student actuaries to experience a first-hand account of what the requirements are to become an actuary, both professionally and personally.Some of your day to day tasks may include:• Aid in the delivery of core actuarial risk management projects - exceeding client expectations by demonstrating strong problem-solving skills to address project needs• Learning how to manage complex models and research - encompassing a wide range of different insurance regulations• Work effectively with a diverse group of colleagues and clients• Perform analysis working both as an individual and in teams• Perform data checks on work done by colleagues to ensure a quality final product• Develop an understanding of generic business strategy and the components that underpin high performanceQualifications & Experience• Achieved AAB at A-level or equivalent (Including an A in Mathematics)• Achieved 2:1 or above in first year in a mathematics/science/finance related degree• On course to achieve at least a 2:1 degree in a mathematics/science/finance related degree from a good university• Cover letter to include motivation to work as an actuarial consultant in the Global Insurance Services team at FTI Consulting• CV to include academic performance at university and results of A-level or equivalent qualificationsApplication deadline is 15 May 2020Th The GIS Practice is part of Forensic & Litigation Consulting which offers one of the industry's most complete range of advisory services to clients across the world. In addition to actuarial services, our service offerings include anti-money laundering compliance and investigations, bribery and corruption investigations, forensic accounting, fraud and other financial crime investigations, governance, risk and regulatory advice, regulatory investigations and litigation support and transactional data analytics.Our BenefitsApart from the well-structured career path and excellent team environment, our employees enjoy a variety of perks and benefits.About FTI ConsultingWhat makes us unique? With more than 5,000 employees located in offices in every corner of the globe, we are the firm our clients call when their most important issues are at stake. Regardless of what level you are, you will have the opportunity to work alongside and learn from top experts in your field on high-profile engagements that impact history. Our culture is collaborative, and we value diversity, recognition, development and making a difference in our communities.FTI Consulting is publicly traded on the New York Stock Exchange and has been recognized as a Best Firm to Work For by Consulting magazine and one of America's Best Management Consulting Firms by Forbes . For more information, visit www.fticonsulting.com and connect with us on Twitter ( @FTIConsulting ), Facebook and LinkedIn .FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.