A day in the life of Sophie Toon
I am coming to the end of my summer placement within the Actuarial Consulting team in the Liverpool office and I have been lucky enough to be offered a graduate job starting in September.
Day to day, I assist the actuarial team and I am given similar work that is carried out by actuarial graduates. The projects that I have been involved in have been very varied, from carrying out actuarial calculations and drafting reports to contacting clients and writing internal notices containing pensions’ news. There is a lot of interaction with the actuarial team as well as other teams in the office such as the Pension Administration team.
As well as doing work for the Actuarial Consulting team, I have helped the Investment Consulting team to produce investment monitoring reports as well as other investment-related jobs. I am in the middle of a research project for the Corporate Consulting team, carrying out an analysis of German companies which have UK based subsidiaries.
The thing that I enjoy the most about Barnett Waddingham is the supportive environment within the company. Everybody is always happy to help whenever needed and there is a true team work approach, which gives you exposure to working with people of all levels including the Partners.
When I started my internship I was worried that I would struggle as I had little experience within the actuarial field and my knowledge of pensions was very limited but from the very start I was given client work and my mentor was always on hand to help out if I needed it and I felt like a valued member of the team. I am learning about what an actuarial career involves, the day to day life of an actuary and I am also gaining technical knowledge.
Everybody at Barnett Waddingham is friendly and welcoming. During my internship, the team have also made a real effort to involve me outside the office.
Over the past few weeks I have experienced work across many different practice areas such as Corporate Consulting and Investment Consulting as well as Actuarial Consulting. The variety of work that I am involved in has meant that no day has been the same. In particular I have been involved in an actuarial valuation for one of our clients. This is a large project which is carried out for each client at least once every three years in order to assess the funding position of the pension scheme and results in putting measures into place to ensure that the scheme has enough money to pay the pensions of the scheme’s members. The project is broken down into several steps and I really enjoyed getting stuck in and felt a real sense of achievement each time one of the steps was completed.
In the first week of my internship, one of the members of the team became a qualified actuary and there was a big night out to celebrate, as well as pizza and champagne in the office! This has been one of my favourite social events so far because it gave me the opportunity to really get to know the team and also showed that Barnett Waddingham really takes care of their employees. The Liverpool office is also organising a weekend away to Dublin in February which I am looking forward to!