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Actuarial graduate programme

Actuarial Graduate - London

As an actuarial graduate, you’ll be fully supported through your actuarial exams and will complete three nine-month rotations within the function, experiencing capital management, pricing and reserving. Rotations help you to gain an understanding of the actuarial function, develop a broad skill set and build relationships across the business. Most of your rotations will take place in London (or remotely), with the potential for some time abroad if the business requires it.

Rotations are not about job shadowing! You will make a real contribution to the team you’re in and be set challenging work that stretches you. Below gives you a flavour of the type of work you can expect to be involved in in each of your rotations:

Capital management

You’ll support the production of risk profile information to enable the business and governance committees to monitor and manage against risk appetite, and to feed into the production of risk and solvency assessments. You’ll also support the production of information to add value to business decisions such as reinsurance purchase, asset strategy and capital allocation. As part of the capital management team, you will provide input into the modelling and parameterisation of the different models in the light of market or regulatory developments, including carrying out analysis of underwriting risk assumptions. Producing model outputs in a timely fashion and ensuring clear and effective communication of results is also a core activity in this team.


As part of the pricing team, you’ll provide analytical support for underwriters and management through large risk pricing, model development and portfolio analysis. You’ll find insight in large data sets, exploring around the subject to gain competitive advantage. You’ll use new techniques to help the business get the most from its data, as well as providing high quality pricing analysis to help assess the expected profitability of new opportunities. During your rotation in pricing you’ll need to communicate complex issues clearly and concisely to a wide variety of stakeholders.


In this rotation, you can expect to be involved building new reserving models and parameterising existing models. You are likely to work on different projects such as deep dives in to parts of our business or reserve risks analysis. As part of the reserving team, you will continually work to improve and develop processes and key analysis. You’ll have lots of opportunity to develop strong working relationships with key stakeholders across the business and your ability to communication with them effectively will be key to your success in this rotation.

What qualifications do I need?

You’ll have achieved (or be expecting to achieve) at least a 2:1 honours degree in the UK (or international equivalent) in actuarial science, mathematics, statistics, economics, engineering, chemistry or physics.

You’ll also have 120 UCAS points or higher (or 300 UCAS points or higher for A-Levels achieved prior to September 2017), with a B or above in maths (please note, general studies cannot be included in UCAS points).

Finally, you’ll have a grade B or above in GCSE maths and English, or an international equivalent.

You will also need to meet the entry requirements of the Institute and Faculty of Actuaries (IFoA).

How do I apply?

Click here to apply. The closing date for applications for roles in the UK is 31 December 2020.

Joe Cooke

My graduate experience - Joe Cooke

Joe Cooke, Actuarial Graduate, talks about his experience in the first year of the scheme.