The following table provides summary statistics for contract job vacancies advertised in the South East 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 3 months to 27 June 2017 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 / South East
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 251 257 261
Rank change year-on-year +6 +4  
Contract jobs citing Solvency II 4 13 2
As % of all contract IT jobs advertised in the South East 0.052% 0.14% 0.021%
As % of the Quality Assurance & Compliance category 0.41% 1.24% 0.18%
Number of daily rates quoted 3 5 2
Median daily rate £433 £450 £425
Median daily rate % change year-on-year -3.88% +5.88%  
UK excluding London median daily rate £433 £463 £465
% change year-on-year -6.48% -0.53%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Solvency II is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the South East with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
South East
Contract job vacancies with a requirement for quality assurance and compliance skills 965 1052 1103
As % of all contract IT job vacancies advertised in the South East 12.44% 11.70% 11.85%
Number of daily rates quoted 596 613 594
Median daily rate £425 £413 £390
Median daily rate % change year-on-year +3.03% +5.76%  
90% offered a daily rate of more than £263 £255 £260
10% offered a daily rate of more than £525 £550 £525
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 31 60 52
Median hourly rate £17.50 £21.33 £18.50
Median hourly rate % change year-on-year -17.95% +15.29%  
90% offered a hourly rate of more than £11.30 £12.50 £11.20
10% offered a hourly rate of more than £49.00 £47.50 £38.50
UK excluding London median hourly rate £25.00 £28.00 £21.78
% change year-on-year -10.71% +28.58%  

Solvency II
Job Vacancy Trend in the South East

The job posting trend of jobs advertised in the South East citing Solvency II as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for Solvency II in the South East

Solvency II
Contractor Daily Rate Trend in the South East

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

Contractor daily rate trend for Solvency II in the South East

Solvency II
Contract Job Locations in the South East

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 South East region over the 3 months to 27 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
East Sussex - 3 £433 -
Kent -2 1 £375 -42.30%
Solvency II
England

For the 6 months to 27 June 2017, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the South East region with a requirement for Solvency II.

1 7 (63.64%) Finance
2 4 (36.36%) GAP Analysis
2 4 (36.36%) Banking
3 3 (27.27%) Retail
3 3 (27.27%) Stakeholder Management
3 3 (27.27%) GDPR
3 3 (27.27%) Agile Software Development
4 2 (18.18%) Business Analysis
4 2 (18.18%) Oracle
4 2 (18.18%) SAP
4 2 (18.18%) CRM
4 2 (18.18%) Data Warehouse
4 2 (18.18%) E-Commerce
4 2 (18.18%) SOA
4 2 (18.18%) Business Intelligence
4 2 (18.18%) Foreign Exchange (FX)
4 2 (18.18%) BizTalk Server
4 2 (18.18%) Middleware
4 2 (18.18%) MuleSoft
4 2 (18.18%) Digital Media
4 2 (18.18%) Oracle SOA Suite
4 2 (18.18%) User Stories
4 2 (18.18%) Enterprise Software
4 2 (18.18%) Guidewire
4 2 (18.18%) MiFID
4 2 (18.18%) Data Protection Act
4 2 (18.18%) SCADA
4 2 (18.18%) Use Case
4 2 (18.18%) Test Scripting
4 2 (18.18%) Data Protection

Solvency II
Co-occurring IT Skills in the South East 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 2 (18.18%) BizTalk Server
1 2 (18.18%) Oracle SOA Suite
Applications
1 1 (9.09%) Microsoft Excel
Database & Business Intelligence
1 2 (18.18%) Data Warehouse
General
1 7 (63.64%) Finance
2 4 (36.36%) Banking
3 3 (27.27%) Retail
4 1 (9.09%) Investment Banking
4 1 (9.09%) Retail Banking
Job Titles
1 7 (63.64%) Analyst
2 5 (45.45%) Business Analyst
3 4 (36.36%) Regulatory Business Analyst
3 4 (36.36%) Solvency II Business Analyst
4 2 (18.18%) Architect
4 2 (18.18%) Insurance Business Analyst
4 2 (18.18%) Project Manager
4 2 (18.18%) Senior Architect
4 2 (18.18%) Senior Solutions Architect
4 2 (18.18%) Solutions Architect
5 1 (9.09%) Compliance Manager
5 1 (9.09%) Junior
5 1 (9.09%) Junior Analyst
5 1 (9.09%) Junior Systems Analyst
5 1 (9.09%) MiFID Business Analyst
5 1 (9.09%) Senior Analyst
5 1 (9.09%) Senior Test Analyst
5 1 (9.09%) Solvency II Project Manager
5 1 (9.09%) Systems Analyst
5 1 (9.09%) Test Analyst
Libraries, Frameworks & Software Standards
1 2 (18.18%) Middleware
1 2 (18.18%) SAP PI
Miscellaneous
1 2 (18.18%) Data Protection Act
1 2 (18.18%) Digital Media
1 2 (18.18%) Enterprise Software
1 2 (18.18%) Foreign Exchange (FX)
1 2 (18.18%) SCADA
1 2 (18.18%) Social Media
2 1 (9.09%) Reinsurance
Processes & Methodologies
1 4 (36.36%) GAP Analysis
2 3 (27.27%) Agile Software Development
2 3 (27.27%) Stakeholder Management
3 2 (18.18%) Business Analysis
3 2 (18.18%) Business Intelligence
3 2 (18.18%) CRM
3 2 (18.18%) Data Protection
3 2 (18.18%) E-Commerce
3 2 (18.18%) SOA
3 2 (18.18%) Test Scripting
3 2 (18.18%) Use Case
3 2 (18.18%) User Stories
4 1 (9.09%) Asset Management
4 1 (9.09%) Configuration Management
4 1 (9.09%) ETL
4 1 (9.09%) Fund Management
4 1 (9.09%) Investment Management
4 1 (9.09%) Project Management
4 1 (9.09%) Stakeholder Engagement
4 1 (9.09%) User Acceptance Testing
Programming Languages
1 1 (9.09%) SQL
Quality Assurance & Compliance
1 3 (27.27%) GDPR
2 2 (18.18%) MiFID
3 1 (9.09%) Data Quality
3 1 (9.09%) EMIR
3 1 (9.09%) FATCA
3 1 (9.09%) IFRS
3 1 (9.09%) IFRS 9
Vendors
1 2 (18.18%) Guidewire
1 2 (18.18%) MuleSoft
1 2 (18.18%) Oracle
1 2 (18.18%) Pega
1 2 (18.18%) SAP