Who are HSBC Actuaries and Consultants Limited?

• A member of the HSBC Group, one of the world's leading banking and financial services organisations, which has over 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
• One of the UK’s leading actuarial and employee benefits consultancies.
• Provides a full range of services on all types of pension arrangements, including investment advice. We are dedicated to providing a first class and professional service, focused on providing top quality advice to our clients.
• Has a unique place in the market as we have all the advantages of an expanding player in the pensions and investment fields, whilst also benefiting from the vast opportunities associated with being part of the HSBC Group.
• Our working environment is friendly and supportive, with all staff encouraged to use initiative and expand their knowledge and experience.
• Has expanded notably over the last few years, with substantial new business successes.

Pension Consultancy Practice Graduate Recruitment Programme

Our Chief Executive Officer believes pensions and employee benefit solutions remain the focus for trustees and employers and it is vital that they receive support and advice from expert consultants such as those employed by HSBC. It is our ambition to grow the range of services we provide in this regard, a vision which underlines the excellent opportunities available to quality staff at all levels.

Professional Development

Intensive formal training courses (including an initial week’s training at our Head Office in St Albans) and practical business exposure will prepare you for a fast-track senior management career. We’ll also give you full support to study for the Fellowship of the Institute or Faculty of Actuaries (FIA/FFA).

We will invest a great deal in you and will expect you to put just as much into developing yourself. Most of your subsequent training will be on the job but the pace and extent of your progress is ultimately in your own hands.

Our team structure will enable you to work closely with experienced, qualified consultants and actuaries to provide support in all areas of actuarial pensions consulting. Our standard study package currently includes:

• Membership subscriptions for the Institute or Faculty of Actuaries
• Up to 40 study days per year (through a study bank system)
• A budget that covers - required study material, tutorials and examination fees
• A mentor dedicated to help you plan your route through the exams
• Internal study sessions with fellow students
• Exam success rewarded through additional study days and pay rises

Although we offer a very generous study package, ultimately it is down to you to put in the work required to stand the best chance of gaining the FIA/FFA qualification quickly. We are looking for candidates who can motivate themselves and have the self-discipline needed to meet the demands of combining study with a full-time career.

As well as extensive training and development, we offer a very attractive remuneration package that includes a highly competitive salary, annual bonus, personal accident, life insurance, permanent health insurance and membership of our pension scheme.

Who are we looking for?

We expect our graduate recruits to:

Since the FIA/FFA qualification is very onerous across a wide range of subjects, we are looking for candidates who are strong academically. Typical academic requirements include:

Our recruiting process typically involves an interview with an actuary in our Pensions Consulting Practice plus a selection of exercises, such as a presentation or letter writing.

We have now filled all our vacancies for the 2009 graduate programme. We will be opening for 2010 applications later in the year.

Summer Placement programme:

Summer placement work is available in our St Albans Head Office and London Office to penultimate year undergraduates aiming for a good degree result. These placements are intended to give you an overview of what kind of work actuaries do and what it’s like working for us.

The summer placement involves working in a team of actuaries, consultants and actuarial students on a wide range of pension related work. Some of the tasks you will find yourself involved in are carrying out individual calculations for members of pension schemes and corresponding with these members. You are also likely to get involved in drafting and amending reports, working on calculation spreadsheets and carrying out general pension calculations.

How long will it last and will I be paid?

The placement lasts approximately 2 months, and is flexible around holidays you have booked over the summer period. Students are paid during their placement.

We are currently closed for applications. We will publish our future vacancies and more information on how to apply here.