Period
to 25 May 2020

The following table provides summary statistics for contract job vacancies advertised in London 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 25 May 2020 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
England > London
6 months to
25 May 2020
Same period 2019 Same period 2018
Rank 380 568 590
Rank change year-on-year +188 +22 -79
Contract jobs citing Solvency II 39 26 47
As % of all contract jobs advertised in London 0.20% 0.064% 0.10%
As % of the Quality Assurance & Compliance category 2.05% 0.64% 0.85%
Number of daily rates quoted 27 23 40
Median daily rate £475 £550 £550
Median daily rate % change year-on-year -13.64% - +4.76%
10th Percentile £463 £465 £448
90th Percentile £575 £700 £763
England median daily rate £475 £538 £550
% change year-on-year -11.63% -2.27% +4.76%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
England 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 London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 1,902 4,082 5,512
As % of all contract IT jobs advertised in London 9.64% 10.07% 11.99%
Number of daily rates quoted 1,254 2,719 3,855
Median daily rate £500 £500 £488
Median daily rate % change year-on-year - +2.56% -
10th Percentile £307 £308 £302
90th Percentile £675 £675 £675
England median daily rate £450 £450 £450
Number of hourly rates quoted 42 64 85
Median hourly rate £30.22 £21.07 £23.00
Median hourly rate % change year-on-year +43.46% -8.41% +8.24%
10th Percentile £16.20 £12.15 £13.45
90th Percentile £45.43 £49.63 £53.50
Median hourly rate £27.43 £22.50 £22.50
% change year-on-year +21.89% - +9.76%

Solvency II
Job Vacancy Trend in London

Job postings citing Solvency II as a proportion of all IT jobs advertised in London.

Job vacancy trend for Solvency II in London

Solvency II
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Solvency II in London.

Daily rate trend for Solvency II in London

Solvency II
Daily Rate Histogram in London

Daily rate distribution for jobs citing Solvency II in London over the 6 months to 25 May 2020.

Daily rate histogram for Solvency II in London

Solvency II
Contract Job Locations in London

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 London region over the 6 months to 25 May 2020. 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
Central London +126 25 £475 -5.00%
West London - 1 £575 -
Solvency II
England

For the 6 months to 25 May 2020, 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 London region with a requirement for Solvency II.

1 34 (87.18%) Finance
2 28 (71.79%) SQL
3 26 (66.67%) Agile Software Development
4 23 (58.97%) SQL Server
4 23 (58.97%) Microsoft Excel
5 22 (56.41%) Business Intelligence
6 20 (51.28%) IFRS
7 17 (43.59%) GDPR
8 16 (41.03%) Data Modelling
9 15 (38.46%) Data Mining
9 15 (38.46%) Crystal Reports
9 15 (38.46%) XML
9 15 (38.46%) Validation
9 15 (38.46%) Data Analysis
9 15 (38.46%) QlikView
9 15 (38.46%) Data Cleansing
9 15 (38.46%) Data Validation
9 15 (38.46%) Data Enrichment
9 15 (38.46%) Waterfall
9 15 (38.46%) Data Governance
9 15 (38.46%) Business Analytics
9 15 (38.46%) Analytics
9 15 (38.46%) Relational Database
9 15 (38.46%) Workshop Facilitation
10 13 (33.33%) SQL Server Integration Services
11 11 (28.21%) ETL
12 10 (25.64%) Data Protection
13 9 (23.08%) Portfolio Management
13 9 (23.08%) SDLC
13 9 (23.08%) Data Warehouse

Solvency II
Co-occurring IT Skills in London 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 1 (2.56%) SAS
Applications
1 23 (58.97%) Microsoft Excel
2 7 (17.95%) Acrobat
2 7 (17.95%) Photoshop
Cloud Services
1 3 (7.69%) Azure
Database & Business Intelligence
1 23 (58.97%) SQL Server
2 15 (38.46%) Crystal Reports
2 15 (38.46%) Data Mining
2 15 (38.46%) QlikView
2 15 (38.46%) Relational Database
3 13 (33.33%) SQL Server Integration Services
4 9 (23.08%) Data Warehouse
5 1 (2.56%) SQL Server Reporting Services
Development Applications
1 5 (12.82%) Team Foundation Server
General
1 34 (87.18%) Finance
2 2 (5.13%) General Ledger
3 1 (2.56%) Legal
Job Titles
1 27 (69.23%) Analyst
2 14 (35.90%) Data Analyst
3 9 (23.08%) Technical Analyst
4 8 (20.51%) Developer
4 8 (20.51%) SQL Developer
5 7 (17.95%) Data Warehouse Analyst
5 7 (17.95%) ETL Analyst
5 7 (17.95%) SQL Analyst
6 4 (10.26%) .NET Developer
6 4 (10.26%) ASP.NET Developer
6 4 (10.26%) Business Intelligence Analyst
6 4 (10.26%) SQL Data Analyst
6 4 (10.26%) SQL Server Developer
6 4 (10.26%) SSIS Developer
7 3 (7.69%) SSIS Analyst
8 2 (5.13%) Accountant
8 2 (5.13%) Business Analyst
8 2 (5.13%) Financial Analyst
8 2 (5.13%) Reinsurance Data Analyst
8 2 (5.13%) Risk Manager
Libraries, Frameworks & Software Standards
1 15 (38.46%) XML
2 7 (17.95%) .NET
2 7 (17.95%) ASP.NET
2 7 (17.95%) WPF
Miscellaneous
1 4 (10.26%) Reinsurance
2 2 (5.13%) Foreign Exchange (FX)
Processes & Methodologies
1 26 (66.67%) Agile Software Development
2 22 (56.41%) Business Intelligence
3 16 (41.03%) Data Modelling
4 15 (38.46%) Analytics
4 15 (38.46%) Business Analytics
4 15 (38.46%) Data Analysis
4 15 (38.46%) Data Cleansing
4 15 (38.46%) Data Enrichment
4 15 (38.46%) Data Governance
4 15 (38.46%) Data Validation
4 15 (38.46%) Validation
4 15 (38.46%) Waterfall
4 15 (38.46%) Workshop Facilitation
5 11 (28.21%) ETL
6 10 (25.64%) Data Protection
7 9 (23.08%) Change Management
7 9 (23.08%) Information Management
7 9 (23.08%) Portfolio Management
7 9 (23.08%) SDLC
8 8 (20.51%) Kimball Methodology
Programming Languages
1 28 (71.79%) SQL
2 8 (20.51%) T-SQL
3 7 (17.95%) C#
3 7 (17.95%) JavaScript
3 7 (17.95%) PowerShell
4 3 (7.69%) R
Quality Assurance & Compliance
1 20 (51.28%) IFRS
2 17 (43.59%) GDPR
3 2 (5.13%) Basel III
3 2 (5.13%) Sarbanes-Oxley
Vendors
1 7 (17.95%) Adobe
2 1 (2.56%) DocuSign
2 1 (2.56%) Microsoft