At a Glance
- Tasks: Engage with clients, perform actuarial calculations, and support team development.
- Company: Join First Actuarial, a dynamic consultancy backed by Gallagher.
- Benefits: Enjoy 27+ days holiday, health plans, and flexible working options.
- Other info: Hybrid working and a culture that values wellbeing and integrity.
- Why this job: Make a real impact in pensions while growing your career in a supportive environment.
- Qualifications: 2-4 years experience in consulting and strong communication skills required.
The predicted salary is between 30000 - 40000 £ per year.
About First Actuarial
First Actuarial has been around since 2004, when a small group of like-minded actuaries came together to bring fresh thinking to pensions consultancy. More than two decades later, our strong growth path has continued year on year, and we now employ over 500 people across seven locations. First Actuarial is owned by Gallagher, one of the world’s leading insurance brokers, risk management and consulting firms. First Actuarial forms part of Gallagher’s UK Benefits & HR Consulting division (GBS UK). GBS UK is a leading provider in the pensions consultancy market, offering a full end-to-end retirement proposition, including actuarial and investment consulting, risk transfer, pensions administration and retirement communications. With experts positioned across all regions, we support pension schemes of all sizes across the full range of solutions.
First Actuarial operates nationally with more than 550 colleagues across seven UK offices. Our focus is on delivering high-quality advice and service at a fair and transparent level of fees. As we develop our business, opportunities for our people grow. Our Basingstoke, Birmingham, Leeds, Manchester, Peterborough, Tonbridge, and London offices provide supportive work environments where everyone can make a difference. We enjoy work and celebrate our successes. And we provide support and helpful feedback, so we all learn and improve. We love numbers, but we love people more. Staff wellbeing and work-life balance have always been core values. Beyond the firm, we’re known for our integrity. We’re happy to challenge conventional thinking and speak up. Our pioneering work is set to transform the lives of millions of younger people with a new type of pension.
The role
We’re looking for part-qualified trainee actuaries with more than 2 years’ experience to join our growing team in London and Birmingham.
You'll be responsible for:
- Liaising with clients at meetings, by telephone and by e‑mail
- Monitoring deadlines and requirements on a portfolio of pension schemes
- Carrying out all types of actuarial calculations
- Drafting and checking standard and bespoke communications
- Supporting the Scheme Actuaries directly in all aspects of the role
- Helping to develop more junior members of the team
Not all work we do is traditional actuarial work—so, we’ll be able to give you lots of variety and challenge, utilising your well-honed actuarial skills and encouraging you to bring your own thinking.
Your Skills and Experience
- Experience from 2 to 4 years in a consulting environment
- Excellent communication skills, able to express complicated ideas concisely and adapt your approach as you gain more client exposure
- A can‑do, enthusiastic approach to tackling problems, and a desire to build positive teams with colleagues and clients
What we offer you
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get; depending on your job level these benefits may improve:
- Minimum of 27 days holiday, plus bank holidays, and the option to buy 10 more days
- Defined contribution pension scheme, which Gallagher will also contribute to
- Life insurance, which will pay 4× your basic annual salary; you can top up to 10×
- Income protection: we’ll cover up to 50% of your annual income, with options to top up
- Health cash plan or Private medical insurance
- Three fully paid volunteering days per year
- Employee Stock Purchase plan, offering company shares at a discount
- Share incentive plan, HMRC approved, tax effective, stock purchase plan
- Critical illness cover
- Discounted gym membership, with over 3,000 gyms nationally
- Season ticket loan
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase
- Emergency back‑up family care
We have hybrid working in place for colleagues who prefer homeworking for part of the week. We’re also flexible on working day arrangements and will happily accommodate a range of personal commitments from day one. Our straightforward, interview-based approach to recruitment ensures equal opportunities for all applicants. Please note that we can only accept candidates who have a right to work in the UK.
Part-Qualified Trainee Actuary in London employer: First Actuarial
First Actuarial is an exceptional employer, offering a dynamic work environment in London and Birmingham where innovation meets support. With a strong focus on employee wellbeing, a minimum of 27 days holiday, and opportunities for professional growth, we empower our team to thrive both personally and professionally. Our commitment to integrity and pioneering solutions in pensions consultancy ensures that every team member can make a meaningful impact while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Part-Qualified Trainee Actuary in London
✨Get Clued Up on Insurance Events
Join local insurance events or workshops to network and soak in knowledge about the industry. It's a great way to meet potential employers, like First Actuarial, and show off your enthusiasm for the field. Plus, you’ll gain insights that'll make you stand out during your interviews!
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Start a blog or social media account where you can share insights about current trends in insurance. This demonstrates your passion and keeps you in the minds of recruiters at places like First Actuarial. A personal touch always helps in making a memorable impression!
✨Apply Through Our Website & Make It Personal
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We think you need these skills to ace Part-Qualified Trainee Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analytical skills are a must. Make sure to showcase any relevant coursework or projects where you've solved complex problems or worked with data. This can really set you apart, especially in your CV or cover letter!
Show Your Interest in the Sector:For a trainee role, it’s super important to demonstrate your genuine interest in insurance. Talk about any internships, part-time jobs, or relevant studies that have sparked your passion for this field. We want to see that you're eager to learn and grow with us at First Actuarial!
Tailor Your Cover Letter to the Role:Your cover letter should reflect your enthusiasm for the trainee position at First Actuarial. Use it to explain why you're excited about a career in insurance and what you hope to learn during your time with us. Make it personal and engaging—it’ll catch our eye for sure!
Include Relevant Certifications or Courses:Even as a trainee, any extra certifications or courses related to insurance can really boost your application. Whether it's online courses or workshops, throw them in your CV to show us that you’re proactive about your professional development. It’ll demonstrate your commitment to stepping into this industry with enthusiasm!
How to prepare for a job interview at First Actuarial
✨Understand the Basics of Insurance
Since you're interviewing for a trainee role in insurance, it’s vital to brush up on the key concepts in the industry. Familiarise yourself with terms like underwriting, risk assessment, and claims processing. It shows your genuine interest and helps you answer those technical questions more confidently.
✨Prepare for Scenario-based Questions
Expect scenario-based questions during your interview! They might dive into how you would handle specific insurance situations or customer complaints. Think about examples from your studies or past experiences where you demonstrated problem-solving and customer service skills. They're looking for how you approach issues in a practical setting.
✨Focus on Your Learning Potential
As a trainee, your eagerness to learn is key. Be ready to discuss what excites you about the insurance field and how you plan to grow within the role at First Actuarial. Highlighting your adaptability and willingness to learn will make a great impression.
✨Show Your People Skills
Insurance is all about building relationships, whether it's with clients or colleagues. Prepare to share experiences where you’ve effectively communicated or worked as part of a team. Remember, your soft skills are just as important as your technical knowledge in this industry!
