calculating individual transfer values updated basis updating factor reviews investment monitoring
We were assigned to a project client or development work in which our project leader would assign tasks for us to complete If we have any issues we would contact the leader or our colleagues There was also two mock projects based on the software trai
I was a retirement intern a normal day would consist of doing reasonableness check spreadsheets reviewing documents shadowing colleagues and preparing for my intern research project
My role involved planning and developing software solutions Each morning the team would get together in a virtual meeting and each member would give an update on their progress or findings and then we would discuss together how to move forward or how to
The role was essentially performing any tasks necessary to aid colleagues in the team In practice this included things like data manipulation in Excel creating presentations in PowerPoint and using other software in the industry but the specifics depen
The role involves supporting the team with client work including individual retirement calculations for members of UK defined benefit pension schemes as well as undergoing technical training It also involved other admin tasks and preparing slide decks fo
Every day was slightly different but most involved a mixture of training and and client work such as individual calculations
I took part in a comprehensive intensive training programme for the majority of the first 2 weeks Most of my work involved carrying out individual pension calculations on Microsoft Excel for various defined benefit DB pension scheme clients In additi
First few weeks were mainly filled with training tasks Following weeks involved doing client work eg calculating cash equivalent transfer values helping with valuations accounting Research project presentations were the final task
One of the best things about this job was that each day was different to the last Each day consisted of new tasks and no 2 days were the same Some days I found I did lots of individual calculations and learnt in depth how to do each one Other days I co
Carrying out a variety of tasks such as individual member calculations spreadsheet setup and review checking work carried out by others attending team meetings updating task list responding to emails and queries attending training sessions collatin
Calculations and calculation reviews Report writing and reviewing Client meetings Team meetings
Extracting and analysing data to build reports I have done a lot of document editing checking I also regularly use PVTM to calculate a transfer value create a reasonableness check spreadsheet and draft an email outlining the transfer value to the clie
As an intern your work is very similar to that of a new graduate A typical day could involve training with other interns real life client work professional development and insight webinars and virtual conversations with senior colleagues in your offi
Per day multiple tasks would be given including transfer value calculations trivial commutations some accounting tasks valuations meetings with hubs and colleagues and where needed appropriate emails being sent internally and to administrators for i
It was my role to learn about the life of an actuary and start to understand the basics of being a pensions actuary Outside of the study I worked on numerous clients completing calculations for members to work out their pension values I also did some
Individual member calculations amp other technical work is standard as well as preparing slide decks or material for trustees and corporate sponsors are common areas of work There is also a great deal of technical development and learning to be done r
Willis Towers Watson included me in a variety of team meetings introducing me to many colleagues I gained an understanding of various teams within the discipline I applied for Oneonone meetings with leaders from these teams allowed me to develop my u
The internship provided a great insight into the Actuarial profession in particular the UK Retirement division Despite the restrictions of Covid19 the 4 week virtual internship was packed with interesting work and projects which gave a great flavour o
I really enjoyed my time at Willis Towers Watson The sessions were very focussed and we got to learn a lot in the initial weeks I had a good opportunity to work on client work and get feedback Despite the challenges caused by the pandemic WTW made sur
