Period
to 18 August 2019

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Solvency II skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Solvency II over the 6 months to 18 August 2019 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Solvency II
UK > England
6 months to
18 Aug 2019
Same period 2018 Same period 2017
Rank 752 804 756
Rank change year-on-year +52 -48 -42
Contract jobs citing Solvency II 39 51 71
As % of all contract IT jobs advertised in England 0.047% 0.054% 0.080%
As % of the Quality Assurance & Compliance category 0.46% 0.48% 0.67%
Number of daily rates quoted 36 46 61
England median daily rate £525 £519 £550
Median daily rate % change year-on-year +1.20% -5.68% +4.76%
10th Percentile £425 £396 £413
90th Percentile £700 £738 £688
UK median daily rate £525 £500 £550
% change year-on-year +5.00% -9.09% +4.76%
Number of hourly rates quoted 0 0 0
England median hourly rate - - -
UK median hourly rate - - -

Solvency II is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
England
Contract vacancies with a requirement for quality assurance or compliance skills 8,417 10,667 10,542
As % of all contract IT jobs advertised in England 10.21% 11.34% 11.85%
Number of daily rates quoted 5,276 6,808 6,898
England median daily rate £450 £450 £450
10th Percentile £234 £258 £263
90th Percentile £638 £638 £638
UK median daily rate £450 £450 £448
% change year-on-year - +0.56% +8.48%
Number of hourly rates quoted 366 347 321
England median hourly rate £22.36 £23.50 £20.00
Median hourly rate % change year-on-year -4.86% +17.50% -11.11%
10th Percentile £10.80 £11.25 £10.65
90th Percentile £55.50 £52.60 £48.75
UK median hourly rate £22.36 £22.40 £22.00
% change year-on-year -0.20% +1.82% -2.22%

Solvency II
Job Vacancy Trend in England

Job postings citing Solvency II as a percentage of all IT jobs advertised in England.

Job vacancy trend for Solvency II in England

Solvency II
Contractor Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Solvency II in England.

Contractor daily rate trend for Solvency II in England

Solvency II
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing Solvency II in England over the 6 months to 18 August 2019.

Contractor daily rate histogram for Solvency II in England

Solvency II
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Solvency II within the England region over the 6 months to 18 August 2019. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +39 36 £525 -4.55% 14
South East +23 3 £550 +83.33%
Solvency II
UK

For the 6 months to 18 August 2019, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the England region with a requirement for Solvency II.

1 34 (87.18%) Finance
2 22 (56.41%) IFRS
3 17 (43.59%) Agile Software Development
4 13 (33.33%) GDPR
5 12 (30.77%) Business Intelligence
6 11 (28.21%) Analytics
7 10 (25.64%) Data Governance
7 10 (25.64%) SQL
7 10 (25.64%) SQL Server
7 10 (25.64%) Microsoft Excel
7 10 (25.64%) Stakeholder Management
8 9 (23.08%) Waterfall
8 9 (23.08%) Reinsurance
9 8 (20.51%) Data Enrichment
9 8 (20.51%) Data Integration
9 8 (20.51%) SAS
9 8 (20.51%) Project Management
10 7 (17.95%) Data Warehouse
10 7 (17.95%) ETL
10 7 (17.95%) Business Analytics
11 6 (15.38%) ERP
11 6 (15.38%) Risk Management
12 5 (12.82%) Degree
12 5 (12.82%) Analytical Skills
13 4 (10.26%) Relational Database
13 4 (10.26%) Visual Analytics
13 4 (10.26%) Data Architecture
13 4 (10.26%) Basel III
13 4 (10.26%) Visualisation
13 4 (10.26%) Data Validation

Solvency II
Co-occurring IT Skills in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 8 (20.51%) SAS
Applications
1 10 (25.64%) Microsoft Excel
2 1 (2.56%) Microsoft PowerPoint
2 1 (2.56%) Microsoft Project
2 1 (2.56%) MS Visio
Business Applications
1 2 (5.13%) Oracle General Ledger
Database & Business Intelligence
1 10 (25.64%) SQL Server
2 7 (17.95%) Data Warehouse
3 4 (10.26%) Relational Database
3 4 (10.26%) SAS Visual Analytics
4 3 (7.69%) Crystal Reports
4 3 (7.69%) QlikView
5 1 (2.56%) Data Mining
Development Applications
1 1 (2.56%) Eclipse
General
1 34 (87.18%) Finance
2 4 (10.26%) Banking
3 2 (5.13%) General Ledger
4 1 (2.56%) Advertising
Job Titles
1 18 (46.15%) Analyst
2 9 (23.08%) Business Analyst
2 9 (23.08%) Data Analyst
2 9 (23.08%) Project Manager
3 6 (15.38%) Technical Analyst
4 5 (12.82%) Insurance Business Analyst
5 3 (7.69%) Technical Business Analyst
6 2 (5.13%) Architect
6 2 (5.13%) Change Manager
6 2 (5.13%) Change Project Manager
6 2 (5.13%) Developer
6 2 (5.13%) Operational Risk Manager
6 2 (5.13%) Project Change Manager
6 2 (5.13%) Risk Manager
6 2 (5.13%) SAS Architect
6 2 (5.13%) SAS Developer
6 2 (5.13%) Senior Manager
6 2 (5.13%) Solutions Architect
6 2 (5.13%) SQL Analyst
7 1 (2.56%) Transformation Analyst
Libraries, Frameworks & Software Standards
1 3 (7.69%) XML
2 2 (5.13%) Oracle Fusion
Miscellaneous
1 9 (23.08%) Reinsurance
2 5 (12.82%) Analytical Skills
3 1 (2.56%) Greenfield Project
3 1 (2.56%) Management Information System
Operating Systems
1 1 (2.56%) Windows
Processes & Methodologies
1 17 (43.59%) Agile Software Development
2 12 (30.77%) Business Intelligence
3 11 (28.21%) Analytics
4 10 (25.64%) Data Governance
4 10 (25.64%) Stakeholder Management
5 9 (23.08%) Waterfall
6 8 (20.51%) Data Enrichment
6 8 (20.51%) Data Integration
6 8 (20.51%) Project Management
7 7 (17.95%) Business Analytics
7 7 (17.95%) ETL
8 6 (15.38%) ERP
8 6 (15.38%) Risk Management
9 4 (10.26%) Computer Science
9 4 (10.26%) Data Architecture
9 4 (10.26%) Mathematics
9 4 (10.26%) Statistics
9 4 (10.26%) Validation
9 4 (10.26%) Visual Analytics
9 4 (10.26%) Visualisation
Programming Languages
1 10 (25.64%) SQL
2 3 (7.69%) C
3 2 (5.13%) T-SQL
Qualifications
1 5 (12.82%) Degree
2 1 (2.56%) ACCA
Quality Assurance & Compliance
1 22 (56.41%) IFRS
2 13 (33.33%) GDPR
3 4 (10.26%) Basel III
3 4 (10.26%) IFRS 9
4 3 (7.69%) GAAP
5 1 (2.56%) Data Quality
5 1 (2.56%) FATCA
5 1 (2.56%) Sarbanes-Oxley
5 1 (2.56%) SLA
Vendors
1 4 (10.26%) Oracle
2 2 (5.13%) Microsoft
2 2 (5.13%) SAP
3 1 (2.56%) MEDITECH