The following table provides summary statistics for contract job vacancies advertised in the South West 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 25 March 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.

3 months to
25 Mar 2017
Same period 2016 Same period 2015
Solvency II
England / South West
Rank - 124 119
Contract jobs citing Solvency II 0 15 25
As % of all contract IT jobs advertised in the South West - 0.52% 0.80%
As % of the Quality Assurance & Compliance category - 3.66% 5.95%
Number of daily rates quoted 0 13 21
Median daily rate - £700 £500
Median daily rate % change year-on-year - +40.00%  
UK excluding London median daily rate £625 £700 £500
% change year-on-year -10.71% +40.00%  
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 West with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
South West
Contract job vacancies with a requirement for quality assurance and compliance skills 354 410 420
As % of all contract IT job vacancies advertised in the South West 13.63% 14.13% 13.46%
Number of daily rates quoted 230 266 267
Median daily rate £375 £381 £438
Median daily rate % change year-on-year -1.63% -12.85%  
90% offered a daily rate of more than £215 £250 £245
10% offered a daily rate of more than £503 £541 £673
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.89%  
Number of hourly rates quoted 24 35 21
Median hourly rate £27.88 £42.00 £35.00
Median hourly rate % change year-on-year -33.63% +20.00%  
90% offered a hourly rate of more than £11.00 £23.10 £12.08
10% offered a hourly rate of more than £52.50 £50.00 £43.70
UK excluding London median hourly rate £19.45 £41.00 £26.00
% change year-on-year -52.56% +57.69%  

Solvency II
Job Vacancy Trend in the South West

The job posting trend of jobs advertised in the South West 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 West

Solvency II
Contractor Daily Rate Trend in the South West

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

Contractor daily rate trend for Solvency II in the South West

Solvency II
Top 5 Related IT Skills in the South West

For the 6 months to 25 March 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 West region with a requirement for Solvency II.

1 1 (100.00%) VBA
1 1 (100.00%) Finance
1 1 (100.00%) Stochastic Modelling
1 1 (100.00%) Analytical Skills
1 1 (100.00%) IFRS

Solvency II
Top Related IT Skills in the South West 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:

General
1 1 (100.00%) Finance
Job Titles
1 1 (100.00%) Actuary
Miscellaneous
1 1 (100.00%) Analytical Skills
Processes & Methodologies
1 1 (100.00%) Stochastic Modelling
Programming Languages
1 1 (100.00%) VBA
Quality Assurance & Compliance
1 1 (100.00%) IFRS