Charles, a work-study actuarial trainee with Crédit Agricole Assurances

Charles is working on a work-study contract in the Predica risk management team. Read about his experience as a work-study trainee.

Charles
25 years

How would you describe your profession in a few words?

I’m in my final year (Master’s 2) of training to become an actuary at the Financial Science and Insurance Institute (ISFA) and have been a work-study trainee in the risk management team of the Risks Division of Predica, the life insurance company of the Crédit Agricole Assurances Group, since September 2015.

An actuary could be described as someone specialised in statistics and probabilities. We are called upon to work on topical issues, especially since the new regulations of Solvency 2 came into effect on 1st January 2016.

On a day-to-day basis, I take part in the implementation of the ORSA approach (the in-house evaluation of risks and solvency) at different operational levels. The aim for me is to be able to write an actuarial dissertation on a specific subject identified in agreement with the management in order to qualify as an actuary. Obviously, the dissertation has to be useful for my department.

More precisely, my subject deals with one of the key components of the ORSA process, namely the definition of a risk appetite framework. 

How would you describe your recruitment in a few words?

I received a warm welcome and was accepted into the team very quickly. I had even been sent literature on the company before I started the course for the best possible preparation before my arrival!

Eva (my tutor) is a great teacher and helps me progress on the various topics that I work on. We have a weekly update but she is always available if I need her. My department ensures that my work corresponds to the subject of my dissertation which means I can pursue my work and my studies at the same time

We benefit from really great support from HR! I was invited to an induction day in October with the other work-study trainees. It was an opportunity to present the group to us but above all to meet the work-study trainees in other departments of the Crédit Agricole Assurances Group. There are almost a hundred of us. We now organise regular lunches together. Without that induction day, I don’t think I would ever have met them! We belong to a community coordinated by HR and we are often given the chance to have after-work or morning meet-ups.

At the ISFA careers forum this year (2 days during which over 40 companies were present), I was also an ambassador of Crédit Agricole Assurances and was present for a whole day. Crédit Agricole Assurances had even installed a photo booth which was a great success with the students. 

How would you describe your future prospects in a few words?

I’m still thinking about that today. I come to the end of my contract in September. Why not stay with Crédit Agricole Assurances, preferably working in the life insurance area (in the ALM, Risks or Investments department)? There is no vacancy for me to date in my department but I’m open to opportunities in the other departments and business units. 

The strength of the Crédit Agricole Group also lies in the extraordinary diversity of its companies (CACIB, Amundi, Crédit Agricole SA, …). I’m also thinking about going into consultancy.

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