Edinburgh

London

Macclesfield

Graduate

Life

Investments

Risk

Systems

Modelling

Coding

Pricing

Valuation

Longevity

Location: Edinburgh and Alderley EdgeStart date: 15 September 2025Royal London is the UK’s largest mutual life, pensions and investment company. We’re owned by our members and work for their benefit, not for shareholder profits, which makes us different.We’re looking for intellectually curious and highly analytical problem solvers to join our well-established actuarial trainee programme.You’ll be joining a supportive team of talented, diverse and passionate people who make a real impact on the lives of our customers every day.What’s in it for you?<ul><li>Starting salary of £30,000 per annum plus bonus, with further increments on successful completion of exams</li><li>Generous pension (up to 14% matching) and life assurance (up to x8 salary)</li><li>28 days annual leave plus bank holidays with the option to buy/sell up to 5 days</li><li>Private medical insurance, as well as 24/7 confidential access to health, legal and financial advice</li><li>Robust training and support to guide you towards Fellowship status with the Institute and Faculty of Actuaries (IFoA)</li><li>Great career development beyond the end of the programme</li><li>Amazing office facilities, with hybrid working</li></ul>What will you be doing?You’ll complete a number of assignments of around eighteen months each, translating complex financial or mathematical insight into outcomes that deliver for our customers.You could be working on everything from valuation (modelling) and pricing, through to assessing risk on climate change, or analysing mergers and acquisition opportunities.Alongside each of your assignments, you’ll receive funded study support towards a professional qualification with the IFoA. Depending on your educational background and any exemptions, this can be done in three years. For others, this can be a much longer-term commitment.We offer best in class study support, which includes generous study allowance and support with materials, exam costs, and other things. We’ve run this programme for decades and have a great track record of coaching and supporting people like you.What skills and experience do I need?<ul><li>Recently qualified graduate and able to start no later than September 2025.</li><li>You don’t need to have studied actuarial science, finance or even a highly numerical discipline. We just ask that you are analytical and numerical, with strong critical thinking and problem-solving skills.</li><li>It would be great if you had some experience of coding, data, visualisation and AI, but this is not essential.</li><li>Ability to identify, articulate and communicate the key conclusions from analysis in simple terms</li><li>Intellectually curious, adaptable to change and not afraid to share new ideas and question the status quo</li><li>Proactive, driven to succeed and able to deliver multiple projects concurrently</li><li>Excellent verbal and written English language skills, with the ability to build relationships and engage with stakeholders across the business</li></ul>What else do I need to know?Your application should include a short cover letter telling us why you wish to further your career at Royal London.We’re hiring Actuarial Trainees in Edinburgh and Alderley Park. Please apply only for your preferred location – you can make clear on your cover letter if you are happy to consider the other location.Exact dates are still to be confirmed, but if you’re selected, you’ll need to make yourself available for an on-site assessment centre. This is likely to be at the beginning of December.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.Our expectation is that colleagues will come into the office for 50% of their time. This hybrid model is built around our mutual mindset, thinking about what is good for us as individuals and in the context of what is right for our customers, our colleagues and the wider Royal London Group.About Royal LondonOur People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve.Royal London is 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.We will consider flexible working arrangements for all our roles. We also welcome applications from individuals who have taken an extended career break.

Location: Alderley EdgeStart date: 15 September 2025Royal London is the UK’s largest mutual life, pensions and investment company. We’re owned by our members and work for their benefit, not for shareholder profits, which makes us different.We’re looking for intellectually curious and highly analytical problem solvers to join our well-established actuarial trainee programme.You’ll be joining a supportive team of talented, diverse and passionate people who make a real impact on the lives of our customers every day.What’s in it for you?<ul><li>Starting salary of £30,000 per annum plus bonus, with further increments on successful completion of exams</li><li>Generous pension (up to 14% matching) and life assurance (up to x8 salary)</li><li>28 days annual leave plus bank holidays with the option to buy/sell up to 5 days</li><li>Private medical insurance, as well as 24/7 confidential access to health, legal and financial advice</li><li>Robust training and support to guide you towards Fellowship status with the Institute and Faculty of Actuaries (IFoA)</li><li>Great career development beyond the end of the programme</li><li>Amazing office facilities, with hybrid working</li></ul>What will you be doing?We’re an actuarial business at our core and you’ll be at the centre of the action, helping us make some of the biggest decisions for us and our customers.You’ll complete a number of assignments of around eighteen months each, translating complex financial or mathematical insight into outcomes that deliver for our customers.You could be working on everything from valuation (modelling) and pricing, through to assessing risk on climate change, or analysing mergers and acquisition opportunities.Alongside each of your assignments, you’ll receive funded study support towards a professional qualification with the IFoA. Depending on your educational background and any exemptions, this can be done in three years. For others, this can be a much longer-term commitment.We offer best in class study support, which includes generous study allowance and support with materials, exam costs, and other things.What skills and experience do I need?<ul><li>Recently qualified graduate and able to start no later than September 2025.</li><li>You don’t need to have studied actuarial science, finance or even a highly numerical discipline. We just ask that you are analytical and numerical, with strong critical thinking and problem-solving skills.</li><li>It would be great if you had some experience of coding, data, visualisation and AI, but this is not essential.</li><li>Ability to identify, articulate and communicate the key conclusions from analysis in simple terms</li><li>Intellectually curious, adaptable to change and not afraid to share new ideas and question the status quo</li><li>Proactive, driven to succeed and able to deliver multiple projects concurrently</li><li>Excellent verbal and written English language skills, with the ability to build relationships and engage with stakeholders across the business</li></ul>What else do I need to know?Your application should include a short cover letter telling us why you’re well suited to the role at Royal London.We’re hiring Actuarial Trainees in Edinburgh and Alderley Park. Please apply only for your preferred location.Exact dates are still to be confirmed, but if you’re selected, you’ll need to make yourself available for an on-site assessment centre.At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings. We encourage you to apply even if your past experience isn't a perfect fit with the job description.Our expectation is that colleagues will come into the office for 50% of their time. This hybrid model is built around our mutual mindset, thinking about what is good for us as individuals and in the context of what is right for our customers, our colleagues and the wider Royal London Group.About Royal LondonOur People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.Royal London is 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.We will consider flexible working arrangements for all our roles. We also welcome applications from individuals who have taken an extended career break.

Working style: Hybrid 50% home/office basedDo you enjoy working with numbers and analyzing data? We have an exciting new opportunity for a Trainee Demographic Risk Analyst to join our high performing team based in Alderley Edge!The Insurance Risk team is seeking graduates or early-career professionals with degrees in relevant subjects to demographic risks (such as longevity) to support its work in one of the following areas:<ul><li>Development of the methodology and assumptions for pricing and valuing insurance risks.</li><li>Development of the systems used by the teams to analyze our data and experience.</li><li>Analyze and report the emerging patterns and trends observed in our key risks.</li><li>It’s expected that successful applicants would have gained an expert understanding of some of the risks from their academic experience and have a proven ability to carry out independent research as required.</li></ul>You will have the opportunity to work closely with experienced professionals and gain practical knowledge in the field of actuarial science. This position has been created to help support new developments in the insurance risk team. It is ideal for someone who has a strong analytical mindset and is looking to start a rewarding career in the financial services industry.This is an exceptional opportunity for a recent graduate or early-career professional who is looking to build a successful career in the field of actuarial science. You will receive comprehensive training and mentoring from our team of experienced actuaries, as well as exposure to a diverse range of projects and challenges. If you are a detail-oriented individual with a strong analytical mindset and a passion for problem-solving, we invite you to apply for this exciting position.We offer best in class professional study support, which includes generous study allowance and support with materials, exam costs and other things.About the role<ul><li>Undertake analysis using actuarial and analytical techniques.</li><li>Use actuarial modeling systems, calculation systems and spreadsheets to assist with technical analysis.</li><li>Manipulate data and calculate results for actuarial reports.</li><li>Draft sections of actuarial reports.</li><li>Suggest improvements to promote effectiveness and efficiency of processes, procedures, and documentation.</li><li>Maintain the actuarial systems, packages and spreadsheets used in line with departmental governance.</li><li>Assist with the development, testing and implementation of any approved system changes.</li><li>Provide support to actuarial projects.</li></ul>About you<ul><li>A degree in biology, life sciences, epidemiology, medical statistics, and public health. You will have achieved or be on track to achieve a 2:1 or higher in your chosen degree subject.</li><li>Highly numerate with good problem-solving skills.</li><li>Option to further study as part of the actuarial qualification or other professional qualification related to the role, study support provided by Royal London Group.</li></ul>About Royal LondonWe’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our BenefitsInclusion, diversity and belongingWe’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognized and respected – whatever their background.

Job Title: Actuarial AnalystContract Type: PermanentLocation: Alderley EdgeWorking style: Hybrid 50% home/office basedDo you enjoy working with numbers and analysing data? We have an exciting opportunity for an Actuarial Analyst to join our high performing team based in Alderley Edge!You will have the opportunity to work closely with experienced professionals and gain practical knowledge in the field of actuarial science. You will be responsible for assisting the actuarial department in analysing data, developing models, and conducting risk assessments. This position has been created to help support new developments in the insurance risk team. It is ideal for someone who has a strong analytical mindset and is looking to start a rewarding career in the financial services industry.This is an exceptional opportunity for a recent graduate or early-career professional who is looking to build a successful career in the field of actuarial science. You will receive comprehensive training and mentoring from our team of experienced actuaries, as well as exposure to a diverse range of projects and challenges. If you are a detail-oriented individual with a strong analytical mindset and a passion for problem-solving, we invite you to apply for this exciting position.We offer best in class study support, which includes generous study allowance and support with materials, exam costs and other things. We’ve run this programme for decades and have a great track record of coaching and supporting through this.About the role<ul><li>Undertake analysis using actuarial and analytical techniques.</li><li>Use actuarial modelling systems, calculation systems and spreadsheets to assist with technical analysis.</li><li>Manipulate data and calculate results for actuarial reports.</li><li>Draft sections of actuarial reports</li><li>Suggest improvements to promote effectiveness and efficiency of processes, procedures, and documentation.</li><li>Maintain the actuarial systems, packages and spreadsheets used in line with departmental governance.</li><li>Assist with the development, testing and implementation of any approved system changes.</li><li>Provide support to actuarial projects.</li></ul>About you<ul><li>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.</li><li>Highly numerate with good problem-solving skills.</li><li>Commitment to further study as part of the actuarial qualification, study support provided by Royal London Group.</li></ul>About Royal LondonWe’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our BenefitsInclusion, diversity and belongingWe’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.

Job Title: Actuarial Trainee ProgrammeLocation: Alderley EdgeStart date: 2 September 2024Royal London is the UK’s largest mutual life, pensions and investment company. We’re owned by our members and work for their benefit, not for shareholder profits, and that makes us different.We’re looking for highly creative, intellectually curious and analytical graduates to join our cross functional and rotational actuarial trainee programme.You’ll be joining a supportive team of talented, diverse and passionate people who make a real impact on the lives of our customers every day.What’s in it for you?<ul><li>Starting salary of £30,000 per annum plus bonus, with further increments on successful completion of exams</li><li>Generous pension (up to 14% matching) and life assurance (up to x8 salary)</li><li>28 days annual leave plus bank holidays with the option to buy/sell up to 5 days</li><li>Private medical insurance, as well as 24/7 confidential access to health, legal and financial advice</li><li>Robust training and support to guide you towards Fellowship status with the Institute and Faculty of Actuaries (IFoA)</li><li>Great career development beyond the end of the programme</li><li>Opportunity to join our inclusion networks, join events across the business and build your network</li></ul>What will you be doing?We’re an actuarial business at heart and you’ll be at the centre of the action, helping us make the biggest decisions for us and our customers. In fact, many of our group executive and senior leadership teams started their career on an actuarial programme, just like you.You’ll complete a number of placements across the full breadth of the business. This could see you get involved in everything from valuation (modelling) and pricing, through to assessing risk on climate change, or analysing mergers and acquisition opportunities.Each placement will be structured to build your technical knowledge and exposure to the breadth of the Royal London business. You’ll provide actuarial expertise across the business, helping to translate complex financial or mathematical data into simple, actionable language.Alongside each of your placements, you will study towards a professional qualification with the IFoA. Depending on your educational background and resulting exemptions, this can be done in three years. For others this can be a much longer-term commitment.We offer best in class study support, which includes generous study allowance and support with materials, exam costs and other things. We’ve run this programme for decades and have a great track record of coaching and supporting through this.What skills and experience do I need?<ul><li>Recently qualified graduate in a highly numerical discipline.</li><li>It would be great if you had some experience of coding, data, visualisation and AI, but this is not essential.</li><li>Highly analytical, with critical thinking and problem solving</li><li>Ability to identify, articulate and communicate the key conclusions from analysis in simple terms</li><li>Intellectually curious, adaptable to change and not afraid to share new ideas and question the status quo</li><li>Proactive, driven to succeed and able to deliver multiple projects concurrently</li><li>Excellent verbal and written English language skills, with the ability to build relationships and engage with stakeholders across the business</li></ul>What else do I need to know?Your application should include a short cover letter that makes clear why you’re well suited to the role at Royal London.We’re hiring Actuarial Trainees across all three sites. Please apply only for your preferred location – you can make clear on your cover letter your preferences on other locations.Exact dates are still to be confirmed, but if you’re selected, then you’ll need to be available for an interview and assessment centre.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.Our expectation is that colleagues will come into the office for 50% of their time. This hybrid model 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 wider Royal London Group (the ‘we’). To give you the support and development needed, you may need to spend much more time in the office, particularly in the earliest stage of your career.

Contract Type: PermanentLocation: Alderley Edge, Edinburgh, or LondonClosing date: 20th April 2023At 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 purposeTo 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<ul><li>Undertake analysis using actuarial and analytical techniques.</li><li>Use actuarial modelling systems, calculation systems and spreadsheets to assist with technical analysis.</li><li>Manipulate data and calculate results for actuarial reports.</li><li>Draft sections of actuarial reports.</li><li>Suggest improvements to promote effectiveness and efficiency of processes, procedures, and documentation.</li><li>Maintain the actuarial systems, packages and spreadsheets used in line with departmental governance.</li><li>Assist with the development, testing and implementation of any approved system changes.</li><li>Provide support to actuarial projects.</li></ul>Criteria<ul><li>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.</li><li>Highly numerate with good problem-solving skills.</li><li>Commitment to further study as part of the actuarial qualification, study support provided by Royal London Group.</li><li>Enthusiastic about a career in financial services.</li></ul>What we offer<ul><li>A generous group pension scheme (up to 14% matching employer contribution)</li><li>28 days annual leave plus bank holidays with the option to buy/sell up to 5 days</li><li>Annual company and performance-based bonus</li><li>Life assurance (up to 8 x annual salary)</li><li>Enhanced parental leave policies</li><li>Private medical insurance</li><li>Employee Assistance Programme - Access 24/7 to confidential health, legal &amp; financial advice</li><li>Full details can be found on our benefits page</li></ul>About Royal LondonRoyal 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.

Entry Level & Graduate Actuary Jobs | Vacancies & Career Opportunities