Actuarial Trainee

Job Title: Actuarial Trainee

Contract Type: Permanent

Location: Nether Alderley

Closing date: 27th May 2022

Royal London is the largest mutual life insurance, pensions and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.

Our culture is welcoming, friendly, flexible and we aim to make you always feel included. We welcome applications from individuals who have taken an extended career break or those who are transitioning from different sectors.

To support this we are always open to discussing flexible working arrangements and as we transition to hybrid working we will discuss working patterns or locations that ensure you have the freedom to be your best. It’s what makes Royal London a great place to work.

We believe that being together some of the time will help our colleagues to feel truly connected to our Spirit of Royal London culture. Many of us value the passing conversations, social interactions and building relationships that comes from being together in the office.

Role Purpose

The role will be on the Actuarial Systems and Development team in the Finance Systems & Change area.  This opportunity is to assist in the development of our actuarial systems for new products and business initiatives. There will be an opportunity to learn how to use and develop these cutting edge systems.

Key Responsibilities

• Undertake analysis using actuarial and analytical techniques
• Use actuarial modelling systems, calculation systems and spreadsheets to assist with technical analysis
• Manipulate data and calculate results for actuarial reports
• Draft sections of actuarial reports
• Suggest improvements and efficiencies to processes, procedures, and documentation
• Maintain the actuarial systems, packages and spreadsheets used in line with departmental governance
• Assist with the testing and implementation of any approved system changes
• Provide support to actuarial projects

Essential Criteria

• Achieved or on track to achieve a 2:1 or higher in your chosen degree subject.  Degree in a mathematical based subject essential
• Highly numerate with good problem-solving skills.
• Able to work effectively as part of team
• Commitment to further study as part of the actuarial qualification, study support provided by RLG.
• Passionate about a career in financial services

Desirable Criteria

• Work experience within the finance or insurance industry
• Experience using computer packages including Excel/VBA, and SQL.

What We Offer

• We've always been proud to reward employees by offering a number of benefits such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing
• Our culture comes from within, or to put it another way, it comes from our people. It’s what makes Royal London a great place to work.
• Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
• Glassdoor ranked us among the best places to work in the UK in 2021

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.

In fact, the first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.