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Graduate Actuarial Trainee

Contract Type: Permanent

Location: Alderley Edge, Edinburgh, or London

Closing date: 20th April 2023

At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings. Studies have shown that people from under-represented groups are less likely to apply unless they meet every requirement. So, if you’re excited about this role but your past experience isn't a perfect fit with the job description, we encourage you to apply anyway as you may be the right candidate for this or other opportunities.

Role purpose

To assist in the provision of actuarial and analytical support and services required by the Royal London Group, whilst following the actuarial study pathway towards qualification as an actuary.

The role will be part of the actuarial pool within Royal London. As such, in the early part of your career you will rotate around different teams within the actuarial department in order to gain a broad experience in various aspects of actuarial work. Once qualified, there will still be opportunity to gain expertise within new areas but also the opportunity to consolidate your knowledge in a particular field.

As part of the role the successful candidate will be expected to study to become a fully qualified actuary. In return, a prescribed level progress through the exams will be expected and required as part of the role.

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 to promote effectiveness and efficiency of processes, procedures, and documentation.
  • Maintain the actuarial systems, packages and spreadsheets used in line with departmental governance.
  • Assist with the development, testing and implementation of any approved system changes.
  • Provide support to actuarial projects.


  • A mathematical based subject degree (e.g., mathematics, statistics, actuarial science, economics, physics, science, or engineering). You will have achieved or be on track to achieve a 2:1 or higher in your chosen degree subject or have or be expecting to graduate from a master’s degree or PhD in a mathematical discipline.
  • Highly numerate with good problem-solving skills.
  • Commitment to further study as part of the actuarial qualification, study support provided by Royal London Group.
  • Enthusiastic about a career in financial services.

What we offer

  • A generous group pension scheme (up to 14% matching employer contribution)
  • 28 days annual leave plus bank holidays with the option to buy/sell up to 5 days
  • Annual company and performance-based bonus
  • Life assurance (up to 8 x annual salary)
  • Enhanced parental leave policies
  • Private medical insurance
  • Employee Assistance Programme - Access 24/7 to confidential health, legal & financial advice
  • Full details can be found on our benefits page

About Royal London

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

At Royal London, our People Promise is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This promise has been at the heart of our approach to hybrid working, ensuing a balance of time working in our offices, supporting the culture of collaboration and inclusion and some working time from home, so we can all continue to benefit from the flexibility this brings. Our hybrid working approach is built around our mutual mindset, thinking about what is good for us as individuals (the ‘me’) and in the context of what is right for our customers, our colleagues, and The Royal London group (the ‘we’). Together we belong, collaborate, learn and perform.

Our expectation is that colleagues working in hybrid roles will come into the office for 50% of their time, and the rest from home. We want to be as consistent as we can with our approach, but we also appreciate some colleagues need adjustments based on personal circumstances. (e.g. to support a disability, or caring responsibility) and / or may wish to formally seek a flexible working pattern in line with our flexible working policy.

We appreciate the world of work continues to evolve and we will continue to listen to our colleagues’ views on this whilst ensuring our on-going approach is right for our business and customers.

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.

Our Alderley Park office is situated in 400 acres of natural parkland, based 2.2 miles south of Alderley Edge and 6.5 miles from Macclesfield in our newly refurbished site. We offer a free shuttle service to and from the office from Wilmslow train station and offer free on-site parking with electric car charging points.

View all jobs at Royal London

⛔️ Royal London are no longer taking applications for this job.

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