Edinburgh

London

Graduate

Pensions

Python

Data Science

The UK Government Actuary's Department (GAD) is a specialized unit providing actuarial advice and expertise to the UK government. With over 100 years of experience, GAD helps shape public policy in areas such as pensions, insurance, and social security. It ensures the government's financial decisions are based on sound actuarial principles and analysis. GAD also collaborates internationally, sharing knowledge and best practices in actuarial science.

UK Government

Job summaryWe are the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are now looking for graduate trainees to join our actuary team.As a graduate trainee, you will play a crucial role at the Government Actuary’s Department (GAD) by working with other professionals to produce high quality advice and analysis for government. This will include actuarial advice to across government in a wide range of areas including:<ul><li>applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK</li><li>managing costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>delivering bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>Our goal is to integrate modern analytical and actuarial techniques into the business of government to achieve better outcomes for decision-makers and the public.Typical areas of our work include the effective management of social security, pensions and risk-pooling arrangements, as well as bespoke advice including disaster risk protection.We are an inclusive organisation which values the strength of a diverse team, supported through staff networks and an active Diversity and Inclusion strategy. We encourage everyone to apply to join us.Job descriptionOur trainee programme will support you in reaching your full potential as an expert adviser within the heart of government, including generous support through your actuarial exams and opportunities to develop your consultancy skills.Government has a wide need for actuarial advice which is growing over time as the world becomes more complex. GAD’s staff need to be equipped to work across a range of different areas to rise to the challenges of the future.As a Trainee Junior Actuary in GAD, you will develop both your technical and consulting skills through our structured rotation programme. This programme will help you develop your communication, client engagement and project management skills, as well as your understanding of key actuarial and analytical techniques.We also encourage trainees to undertake secondment opportunities and work directly with clients and colleagues in major government departments.BehavioursWe'll assess you against these behaviours during the selection process:<ul><li>Working Together</li><li>Delivering at Pace</li><li>Communicating and Influencing</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues)</li><li>Hybrid working – GAD expects colleagues in the office 50% of the time. We would expect you in either our Canary Wharf or Edinburgh office, at least two / three days a week, dependent on operational requirements and typically the other days at home.</li><li>Pension - An average employer pension contribution of 27% per year.</li><li>Professional Fees – you can claim back the cost of professional fees associated with your role.</li><li>Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development.</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>A working culture which encourages inclusion and diversity</li><li>Complimentary BUPA health check for permanent colleagues</li><li>Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups</li><li>Salary advances for travel costs, including season tickets and cycle-to-work schemes</li></ul>Things you need to knowSelection process detailsApplication deadline: 1200 hrs on 15 January 2024Assessment Centre 1<ul><li>Shortlisting: w/c 13 November 2023</li><li>Dates: 27-30 November 2023</li><li>Location: Canary Wharf Office - London, E14 4PU</li></ul>Applications received before 23:59 on 12 November 2023 will be considered for invitation to assessment centre 1, subject to number of applications received.Assessment Centre 2<ul><li>Shortlisting: w/c 15 January 2024</li><li>Dates: 19-22 February 2024</li><li>Location: Canary Wharf Office - London, E14 4PU</li></ul>Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).A reserve list will be held for a period of 12 months from which further appointments can be made.Feedback will only be provided if you attend an interview or assessment.SecuritySuccessful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard checks.Nationality requirementsThis job is broadly open to the following groups:<ul><li>UK nationals</li><li>nationals of the Republic of Ireland</li><li>nationals of Commonwealth countries who have the right to work in the UK</li><li>nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)</li><li>nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)</li><li>individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020</li><li>Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service</li></ul>Working for the Civil ServiceThe Civil Service Code sets out the standards of behaviour expected of civil servants.We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles.The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

We are at the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are looking for motivated individuals to join our analytical team. Our goal is to integrate modern analytical and actuarial techniques into the business of government to achieve better outcomes for decision-makers and the public. Typical areas of our work include the effective management of social security, pensions, and risk-pooling arrangements, as well as bespoke advice including disaster risk protection.We are an inclusive organisation which values the strength of a diverse team, supported through staff networks and an active Diversity and Inclusion strategy. We encourage everyone to apply to join us.Job descriptionAs an analyst, you will play a crucial role at the Government Actuary’s Department (GAD) by working with other professionals to produce high quality data analysis on a range of business areas to provide evidence to support with decision making and the delivery of advice to our clients. This will include performing techniques across the spectrum of the analytical lifecycle from collecting and preparing data, finding patterns and trends in various data, constructing appropriate models through to visualising insights and presenting findings. Our analysis is pivotal to the government across a number of areas such as:<ul><li>the management of costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>Key responsibilities:<ul><li>Build robust analytical models and tools which will be used to automate analysis, help GAD’s clients better understand our advice and allow members of the public to calculate their individual financial impact of government policies and benefits.</li><li>Analyse data to gauge its quality and suitability, understand developing trends and process the data to feed into advice.</li><li>Manage your time to deliver your analysis to time and budget; you may also be responsible for project management.</li><li>Proactively develop your knowledge and understand data science and analysis as well as the context of GAD’s advice to government clients.</li><li>Identify and suggest new ways of working and areas where GAD can provide advice.</li><li>Work within GAD’s professional standards and departmental procedures and guidance notes.</li><li>Use MS Office and modern data science languages such as R and Python to carry out analysis and prepare advice for clients.</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>Extensive talent, career and personal development</li><li>25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition we offer 9 days public and privilege days leave per year (pro rata for part time staff)</li><li>Generous defined benefit Civil Service pension scheme</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>Access to employee assistance programme and occupational health</li><li>Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups</li><li>A working culture which encourages inclusion and diversity</li><li>Salary advances for travel costs, including annual season tickets and cycle-to-work schemes</li><li>Complimentary BUPA health check for permanent staff</li></ul>

We are the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.We are now looking for graduate trainees to join our actuary team. As a graduate trainee, you will play a crucial role at the Government Actuary’s Department (GAD) by working with other professionals to produce high quality advice and analysis for government. This will include actuarial advice to across government in a wide range of areas including:<ul><li>Applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK</li><li>Managing costs and risks across the public service workforce, including the design and operation of public service pension schemes</li><li>Understanding insurance risks and costs affecting government, including clinical negligence in the NHS</li><li>Delivering bespoke advice on financial and demographic risks facing government, including social security benefits</li></ul>Our goal is to integrate modern analytical and actuarial techniques into the business of government to achieve better outcomes for decision-makers and the public.Typical areas of our work include the effective management of social security, pensions and risk-pooling arrangements, as well as bespoke advice including disaster risk protection. We are an inclusive organisation which values the strength of a diverse team, supported through staff networks and an active Diversity and Inclusion strategy. We encourage everyone to apply to join us.Job DescriptionOur trainee programme will support you in reaching your full potential as an expert adviser within the heart of government, including generous support through your actuarial exams and opportunities to develop your consultancy skills.Government has a wide need for actuarial advice which is growing over time as the world becomes more complex. GAD’s staff need to be equipped to work across a range of different areas to rise to the challenges of the future.As a Trainee Junior Actuary in GAD, you will develop both your technical and consulting skills through our structured rotation programme. This programme will help you develop your communication, client engagement and project management skills, as well as your understanding of key actuarial and analytical techniques.We also encourage trainees to undertake secondment opportunities and work directly with clients and colleagues in major government departments.Responsibilities<ul><li>Produce actuarial analysis to inform GAD’s advice to government departments, across areas of insurance, investments, pensions, and risk.</li><li>Support client engagement by drafting reports and advice as well as providing support in meetings and presentations.</li><li>Manage your time to deliver your work to time and budget. You may also be responsible for assisting with broader project management and development of junior staff.</li><li>Proactively develop your knowledge and understanding of actuarial methods and analysis, data science, the issues and risks facing government as well as how GAD can best provide advice to our clients.</li><li>Identify and suggest new ways of working and areas where GAD can provide advice.</li><li>Work within GAD’s professional standards and departmental procedures and guidance notes.</li><li>Use MS Office and modern data science languages such as R and Python to carry out analysis and prepare advice for clients.</li></ul>BehavioursWe'll assess you against these behaviours during the selection process:<ul><li>Communicating and Influencing</li><li>Delivering at Pace</li><li>Working Together</li></ul>BenefitsAs well as competitive salaries, we offer a substantial package of benefits:<ul><li>Extensive talent, career and personal development</li><li>25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition we offer 9 days public and privilege days leave per year (pro rata for part time staff)</li><li>Generous defined benefit Civil Service pension scheme</li><li>Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave</li><li>Access to employee assistance programme and occupational health</li><li>Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups</li><li>A working culture which encourages inclusion and diversity</li><li>Salary advances for travel costs, including annual season tickets and cycle-to-work schemes</li><li>Complimentary BUPA health check for permanent staff</li></ul>SecuritySuccessful candidates must pass a disclosure and barring security check. People working with government assets must completebasic personnel security standard checks.Selection Process Details<ul><li>This vacancy is using Success Profiles, and will assess your Behaviours and Strengths.</li><li>Shortlisting: W/c 9 January 2023</li><li>Interviews: TBC</li><li>Interview location: London, EC4A 1AB</li></ul>Please DO NOT email your CV as shortlisting will be carried out based on information provided in your application form only.Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role.Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed). A reserve list will be held for a period of 12 months from which further appointments can be made. Feedback will only be provided if you attend an interview or assessment.Nationality RequirementsThis job is broadly open to the following groups:<ul><li>UK nationals</li><li>nationals of Commonwealth countries who have the right to work in the UK</li><li>nationals of the Republic of Ireland</li><li>nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS)</li><li>relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service</li><li>relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service</li><li>certain family members of the relevant EU, EEA, Swiss or Turkish nationals</li></ul>

Actuarial jobs at UK Government