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- Tasks: Support actuarial analysis, reporting, and improve models while studying for qualifications.
- Company: Join Royal London, the UK's largest mutual life and pensions company.
- Benefits: Enjoy 28 days annual leave, up to 14% pension matching, and private medical insurance.
- Why this job: Make a real impact in a supportive environment while learning from experienced professionals.
- Qualifications: Strong numerical skills, a degree in maths, and fewer than 4 passes in actuarial exams.
- Other info: Hybrid working model with a focus on inclusion and diversity.
The predicted salary is between 30000 - 42000 £ per year.
Join our team as an Actuarial Trainee and kick-start your actuarial career. You'll support key projects that shape how we assess risk, price products, and deliver value to customers - all while studying towards qualification.
You'll work on real business challenges, from technical analysis and reporting to improving models and processes. We're hiring to grow our actuarial capability and develop future talent. This is your chance to make a meaningful impact while learning from experienced professionals in a supportive, forward-thinking environment.
About the role- Support actuarial analysis and reporting using standard techniques and tools.
- Contribute to business-as-usual tasks and project work across the Finance & Actuarial teams: Business Quality Management, New Business Reporting, Pensions and Protection Pricing.
- Assist in maintaining and improving actuarial models, spreadsheets, and documentation.
- Apply knowledge from actuarial studies to real-world tasks and problem-solving.
- Help identify risks and suggest improvements to processes and controls.
- Progress through actuarial exams with support from a structured study programme.
- Strong numerical and analytical skills, with a problem-solving mindset.
- Graduate in a mathematical discipline with an interest in actuarial science or currently studying towards the actuarial exams.
- Fewer than 4 scoring passes at Core level of actuarial qualification.
- Good understanding of life and pensions products and actuarial techniques.
- Proficient in Excel and other relevant software tools.
- Clear and confident communication skills - written and verbal.
- Self-motivated, detail-oriented, and able to manage workload effectively.
We'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.
Inclusion, diversity and belonging: We'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.
Actuarial Trainee (Entry Level <5 passes) employer: Royal London
Contact Detail:
Royal London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Trainee (Entry Level <5 passes)
✨Tip Number 1
Familiarise yourself with the key actuarial concepts and tools mentioned in the job description. This will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees at Royal London, especially those in actuarial roles. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application.
✨Tip Number 3
Prepare to discuss your problem-solving skills and how you've applied your numerical abilities in real-world scenarios. Be ready with examples that showcase your analytical mindset.
✨Tip Number 4
Stay updated on industry trends and news related to life and pensions products. This knowledge can set you apart during discussions and show your commitment to the actuarial field.
We think you need these skills to ace Actuarial Trainee (Entry Level <5 passes)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your numerical and analytical skills, as well as any relevant coursework or projects related to actuarial science. Emphasise your proficiency in Excel and any experience with actuarial techniques.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Actuarial Trainee position and how it aligns with your career goals. Mention your interest in actuarial science and your commitment to progressing through the actuarial exams.
Showcase Relevant Experience: If you have any internships, part-time jobs, or projects that relate to finance, mathematics, or actuarial work, be sure to include these in your application. Highlight specific tasks that demonstrate your problem-solving abilities and attention to detail.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Clear and confident communication is key, so ensure your documents reflect this quality.
How to prepare for a job interview at Royal London
✨Showcase Your Numerical Skills
As an Actuarial Trainee, strong numerical and analytical skills are crucial. Be prepared to discuss your experience with mathematical concepts and how you've applied them in your studies or previous roles.
✨Demonstrate Your Problem-Solving Mindset
Employers are looking for candidates who can tackle real-world challenges. Prepare examples of how you've approached complex problems in the past, particularly in a mathematical context, and be ready to explain your thought process.
✨Familiarise Yourself with Actuarial Techniques
Make sure you have a good understanding of life and pensions products, as well as the actuarial techniques relevant to the role. Brush up on key concepts and be ready to discuss how they apply to the tasks you'll be handling.
✨Communicate Clearly and Confidently
Effective communication is key in this role. Practice articulating your thoughts clearly, both in writing and verbally. You might be asked to explain complex ideas, so being able to convey them simply will set you apart.
