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Apprenticeship Standard: Actuarial Technician Apprenticeship Level 4 Key information: Duration The expected duration of this apprenticeship is 2.25 years. Qualifications Modules 0 and 1 from the CAA Global (Certified Actuarial Analyst) qualification; or Core Technical 1 (CT1) from the IFoA Fellowship qualification. Apprentices are also required to pass an Online Professional Awareness Test (OPAT). Progression Progression routes include completing the CAA Global qualification or the IFoA Fellowship qualification (e.g. via a Level 7 Actuary Apprenticeship). Delivery Our guided teaching is delivered through a mix of Live Online tutorials delivered by BPP’s expert actuarial tutors, a comprehensive textbook and 24/7 access to an Online Classroom (comprising video teaching units, online tests, practice exams and a tutor-supported forum). Development of the Knowledge, Skills and Behaviours required under the Apprenticeship is work-based, with BPP Skills Development Coaches providing monthly guidance on how to evidence outcomes via face-to-face and phone reviews. End Point Assessment On completion of the professional qualification and work-based Knowledge, Skills and Behaviours outcomes, Apprentices will prepare for the End Point Assessment (EPA). This stage lasts 3-6 months, with BPP supporting Apprentices to produce a showcase portfolio and to attend an interview to gain the Apprenticeship Award. The EPA is conducted by an external organisation. Entry requirements At least Grade B in A-Level Maths. Any additional entry requirements for this apprenticeship will be decided by each employer. Apprentices without level 2 English will need to achieve this level prior to taking the End Point Assessment. Key responsibilities Likely to include data analysis, use of actuarial models to complete a wide range of tasks and technical support for the wider actuarial team and clients. Confirmed Funding Cap £15,000 Knowledge, skills and behaviours: These include: practical numeracy, actuarial techniques, data extraction and manipulation, quality service delivery, communicating effectively, working with others and professionalism. 01235 550 005 ✉ [email protected] bpp.com/apprenticeships Overview 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 Institute and Faculty of Actuaries. 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 work-based training whilst also studying for some professional exams. Requirements Employer • Provide apprentices with a contract of employment for the duration of the apprenticeship on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning • Must not ask the apprentice to contribute financially to the direct cost of learning • Provide the apprentice with paid time to attend off-the-job training, including additional support for English and Maths, or support for learning difficulties and/or disabilities • Recognise that the apprentice must complete the apprenticeship within their working hours • Ensure apprentice spends at least 20% of their work time in off-the-job training • Enter into a contract with BPP Actuarial Education Ltd • Support the apprentice to gain new skills Apprentice • Be in full-time employment for at least 30 hours a week • Be an employee (have a contract of employment for the duration of the apprenticeship) on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning • Be a citizen of a country within the European Economic Area (EEA ** ) or have the right of abode in the UK, and have been ordinarily resident in the EEA for at least the previous three years on the first day of learning • Not be enrolled on another apprenticeship at the same time • Have the right to work in England • Able to complete the apprenticeship in contracted working hours • Be in a new job role (nine months or less), or in an existing job role, where significant new Knowledge and Skills are needed – employer statement of justification needed (relevant to the apprenticeship)
