Period
to 23 February 2020

The following table provides summary statistics for contract job vacancies 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 23 February 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
UK
6 months to
23 Feb 2020
Same period 2019 Same period 2018
Rank 681 845 809
Rank change year-on-year +164 -36 -68
Contract jobs citing Solvency II 38 39 77
As % of all contract IT jobs advertised in the UK 0.056% 0.040% 0.076%
As % of the Quality Assurance & Compliance category 0.56% 0.37% 0.59%
Number of daily rates quoted 30 27 61
UK median daily rate £475 £550 £550
Median daily rate % change year-on-year -13.64% - +4.76%
10th Percentile £458 £422 £425
90th Percentile £639 £695 £725
UK excluding London median daily rate £405 £525 £475
% change year-on-year -22.86% +10.53% -9.52%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London 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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 6,755 10,678 13,033
As % of all contract IT jobs advertised in the UK 10.03% 10.87% 12.85%
Number of daily rates quoted 4,130 6,688 8,508
UK median daily rate £450 £450 £440
Median daily rate % change year-on-year - +2.27% +3.53%
10th Percentile £215 £255 £256
90th Percentile £632 £638 £638
UK excluding London median daily rate £415 £425 £400
% change year-on-year -2.35% +6.25% -
Number of hourly rates quoted 296 377 351
UK median hourly rate £25.05 £21.00 £21.50
Median hourly rate % change year-on-year +19.27% -2.33% -
10th Percentile £13.00 £11.00 £11.64
90th Percentile £53.00 £48.45 £57.50
UK excluding London median hourly rate £24.05 £21.00 £22.50
% change year-on-year +14.54% -6.68% +0.11%

Solvency II
Job Vacancy Trend

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

Job vacancy trend for Solvency II in the UK

Solvency II
Contractor Daily Rate Trend

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

Contractor daily rate trend for Solvency II in the UK

Solvency II
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Solvency II over the 6 months to 23 February 2020.

Contractor daily rate histogram for Solvency II in the UK

Solvency II
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Solvency II.

Contractor hourly rate trend for Solvency II in the UK

Solvency II
Top 5 Contract Locations

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 UK over the 6 months to 23 February 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
England +163 36 £488 -11.36% 11
London +139 35 £500 -9.09% 9
UK excluding London +118 2 £405 -22.86% 2
Scotland +19 1 £425 -19.05%
Wales - 1 £385 -

For the 6 months to 23 February 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 with a requirement for Solvency II.

1 29 (76.32%) Finance
2 26 (68.42%) Agile Software Development
3 23 (60.53%) IFRS
4 19 (50.00%) Business Intelligence
4 19 (50.00%) SQL
5 17 (44.74%) Data Modelling
5 17 (44.74%) Data Analysis
6 16 (42.11%) Microsoft Excel
6 16 (42.11%) GDPR
7 15 (39.47%) SQL Server
8 14 (36.84%) Crystal Reports
8 14 (36.84%) XML
8 14 (36.84%) Data Mining
8 14 (36.84%) Validation
8 14 (36.84%) Data Enrichment
8 14 (36.84%) Workshop Facilitation
8 14 (36.84%) QlikView
8 14 (36.84%) Data Cleansing
8 14 (36.84%) Data Validation
8 14 (36.84%) Waterfall
8 14 (36.84%) Data Governance
8 14 (36.84%) Analytics
8 14 (36.84%) Relational Database
8 14 (36.84%) Business Analytics
9 9 (23.68%) Asset Management
10 8 (21.05%) Stakeholder Management
11 6 (15.79%) Scrum
11 6 (15.79%) ETL
11 6 (15.79%) Investment Management
12 4 (10.53%) Reinsurance

Solvency II
Co-occurring IT Skills 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 (2.63%) SAS
Applications
1 16 (42.11%) Microsoft Excel
2 1 (2.63%) Microsoft PowerPoint
2 1 (2.63%) Microsoft Project
2 1 (2.63%) Spreadsheet
Cloud Services
1 1 (2.63%) AWS
1 1 (2.63%) Azure
Communications & Networking
1 1 (2.63%) IMAP
Database & Business Intelligence
1 15 (39.47%) SQL Server
2 14 (36.84%) Crystal Reports
2 14 (36.84%) Data Mining
2 14 (36.84%) QlikView
2 14 (36.84%) Relational Database
3 4 (10.53%) Data Warehouse
4 3 (7.89%) SQL Server Integration Services
5 1 (2.63%) Data Lake
5 1 (2.63%) SQL Server Reporting Services
Development Applications
1 1 (2.63%) Team Foundation Server
General
1 29 (76.32%) Finance
2 2 (5.26%) Back Office
2 2 (5.26%) General Ledger
3 1 (2.63%) Dutch Language
3 1 (2.63%) Legal
Job Titles
1 28 (73.68%) Analyst
2 13 (34.21%) Data Analyst
3 10 (26.32%) Business Analyst
4 4 (10.53%) Investment Management Business Analyst
5 3 (7.89%) Data Business Analyst
5 3 (7.89%) Developer
5 3 (7.89%) Insurance Business Analyst
5 3 (7.89%) SQL Developer
5 3 (7.89%) Technical Analyst
6 2 (5.26%) Business Intelligence Analyst
6 2 (5.26%) Data Warehouse Analyst
6 2 (5.26%) Data Warehouse Developer
6 2 (5.26%) Financial Analyst
6 2 (5.26%) IT Manager
6 2 (5.26%) IT Risk Manager
6 2 (5.26%) Report Analyst
6 2 (5.26%) Report Developer
6 2 (5.26%) Risk Manager
6 2 (5.26%) Service Analyst
6 2 (5.26%) Test Manager
Libraries, Frameworks & Software Standards
1 14 (36.84%) XML
Miscellaneous
1 4 (10.53%) Reinsurance
2 2 (5.26%) Analytical Skills
2 2 (5.26%) Foreign Exchange (FX)
Processes & Methodologies
1 26 (68.42%) Agile Software Development
2 19 (50.00%) Business Intelligence
3 17 (44.74%) Data Analysis
3 17 (44.74%) Data Modelling
4 14 (36.84%) Analytics
4 14 (36.84%) Business Analytics
4 14 (36.84%) Data Cleansing
4 14 (36.84%) Data Enrichment
4 14 (36.84%) Data Governance
4 14 (36.84%) Data Validation
4 14 (36.84%) Validation
4 14 (36.84%) Waterfall
4 14 (36.84%) Workshop Facilitation
5 9 (23.68%) Asset Management
6 8 (21.05%) Stakeholder Management
7 6 (15.79%) ETL
7 6 (15.79%) Investment Management
7 6 (15.79%) Scrum
8 3 (7.89%) Portfolio Management
8 3 (7.89%) SDLC
Programming Languages
1 19 (50.00%) SQL
2 3 (7.89%) Python
3 2 (5.26%) VBA
4 1 (2.63%) Bash Shell
4 1 (2.63%) Java
4 1 (2.63%) PowerShell
4 1 (2.63%) T-SQL
Quality Assurance & Compliance
1 23 (60.53%) IFRS
2 16 (42.11%) GDPR
3 2 (5.26%) Basel III
3 2 (5.26%) QA
3 2 (5.26%) Sarbanes-Oxley
4 1 (2.63%) IFRS 9
Vendors
1 1 (2.63%) DocuSign
1 1 (2.63%) Microsoft