Updating Results

WTW

3.9
  • 1,000 - 50,000 employees

2023 Graduate Actuarial Analyst (Feb 2023)

Location details

On-site

  • Australia

    Australia

    • Victoria

      Melbourne

Remote

Melbourne, Victoria

  • Australia

    Australia

    Remote work

    • Victoria

      Melbourne

Location

Melbourne, Melbourne, Victoria

Opportunity expired

Opportunity details

  • Opportunity typeGraduate Job or Program
  • SalaryAUD 60,000 - 75,000 / Year
  • Additional benefitsBase + 10.5% super + 5% bonus
  • Number of vacancies1 vacancy
  • Application open dateApply by 3 Feb 2023
  • Start dateStart date 5 Feb 2023 - 30 Mar 2023

With Australian superannuation funds among the largest asset pools in the world, and undergoing enormous change, our clients - some of Australia’s largest and most complex superannuation funds - seek our help with strategy, benefit design, management and governance.  It’s our actuarial know-how, our independence, our deep insights and our practical solutions that help create value for clients and their members alike.

As a Graduate Actuarial Analyst in our Retirement Consulting team, you will utilise your analytical skills to help provide insight into the future. For example, analysts assist in managing risks using quantitative and qualitative methods of analysis and research to assess the probability of particular outcomes and the impact of those outcomes. 

Taking that a step further, technical, industry and best-practice knowledge is then applied to provide insight into how, for example, risks can be mitigated, benefit programs can be enhanced or capital optimised.  This requires a high degree of skill, judgement and understanding which is best learned on the job.  As an independent consulting company our advice is tailored to every client.  That makes your role varied. 

As a Graduate of WTW, you can expect to participate in delivering these real outcomes to real clients. 

The Role

  • Performing superannuation and other benefit calculations
  • Performing Defined Benefit Funding and Solvency Valuations
  • Monitoring the solvency position of superannuation funds
  • Preparing Accounting Valuations for sponsor companies
  • Investment monitoring and recommendations
  • Assisting with advice on superannuation fund benefit design, and costing
  • Reviewing clients’ insurance arrangements and analysis of the insurance market
  • Working with our technology practice to design and build state-of-the-art retirement projectors and other online calculators.
  • Drafting reports, letters and emails
  • Liaising with overseas colleagues on multinational clients

The Requirements

  • Bachelor’s degree majoring in Actuarial Studies, with significant progress toward actuarial exemptions.
  • Strong written and verbal communication skills
  • Strong working knowledge of PC-based software applications for analysis and reporting, particularly MS Excel
  • Attention to detail
  • Successfully able to work as an individual as well as part of a team
  • Self-motivated and able to work with little supervision
  • Ability to identify and solve problems creatively
  • Ability to manage multiple projects and manage time effectively
  • Good analytical and research capabilities with the ability to challenge conventional thinking
  • Passion for acquiring, share and disseminate new information and knowledge
  • Evidence of relationship-building skills
  • A proactive approach to meeting customers’ needs
  • Strong facilitation and presentation skills
  • Ideally, some extra-curricular activity that evidences drive, initiative, teamwork and customer relations
  • Interest in qualifying as a Fellow of the Institute of Actuaries of Australia

To be considered for this role please ensure you have submitted an up-to-date resume, a cover letter outlining why you are interested in the role and a copy of your transcripts. 

At WTW, we believe that a culture of inclusion and diversity is critical to our business. It's not a separate initiative – rather it’s fundamental to everything we do. We are an equal opportunity employer that is committed to fostering an inclusive work environment and embracing diversity including gender, nationality, disability, age, marital/parental status, ethnicity, gender identity and sexual orientation. We welcome applications from people from all backgrounds.

In the spirit of reconciliation, WTW acknowledges the Traditional Custodians of the country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian CitizenAustralian Permanent ResidentAustralian Work Visa (All Other)

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Qualification level
Qualification level
Bachelor or higher
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    Australian Citizen
  • Study fields
    Business & Management
  • Degree typesBachelor or higher
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Reviews

user
Graduate
Melbourne
2 years ago

Helping team with getting insurance quotes for clients, whether its a renewal or new business and writing reports

user
Graduate
Melbourne
2 years ago

Varied and interesting.

user
Graduate
Sydney
2 years ago

My role as an analyst see me assisting the senior team members with all day-to-day tasks. I get to experience a range of tasks which means everyday can be different.

Show all reviews

About the employer

WTW

WTW

Rating

3.9

Number of employees

1,000 - 50,000 employees

Industries

Banking & Financial Services

We’re WTW - a leading global advisory, broking and solutions company.

Pros and cons of working at WTW

Pros

  • Welcoming place to work, and very understanding superiors when it comes to taking a little extra time to learn processes and the work. Legitimate incentives to continue study with pay rises and study leave.

  • Extremely welcoming and friendly people and team culture. Everyone is very approachable, easy to talk to and understanding of each other's circumstances.

  • I believe the best thing about working here is close knit client teams and the inclusivity of these teams.

  • Having an employer who wants to invest in you and help your professional development.

  • Flexibility, hybrid working, company social events - celebrating things like wear it purple day

Cons

    • Nature of the business, but work tends to clump a touch through the year, some months are crazily busy whereas others are quiet.

    • The inconsistent nature of consulting and meeting client deadlines. Can have the occasional lull of work with little to do, and other times have multiple competing jobs requiring many extra hours to complete.

    • I think the worst thing can be the technology at times. IT systems or devices not working.

    • Team with no set office days which mean it's difficult to create connections with co-workers.

    • Environment can be too quiet at times.