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- Tasks: Join our Capital & Reinsurance team as a Graduate Actuarial Analyst, working on capital models and regulatory submissions.
- Company: 1st Central is a leading insurance company known for its innovative use of data and technology.
- Benefits: Enjoy flexible working, volunteer days, and perks like an Electric Car Scheme and health cash plan.
- Why this job: Kickstart your actuarial career in a supportive environment with opportunities to learn and grow.
- Qualifications: A minimum 2:1 degree in a numerical subject and strong analytical skills are required.
- Other info: Work mostly from home with one collaborative office day per week.
The predicted salary is between 28800 - 43200 £ per year.
We’re 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that’s the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!
Looking for your first big step into the actuarial world? 1st Central are on the hunt for a Graduate Actuarial Analyst to join our Capital & Reinsurance team. This isn’t about being a small cog in a big machine – you’ll be hands-on, building, developing and maintaining the capital models that shape how we run our business. You’ll be right at the heart of our regulatory submissions and forecasting activity, getting stuck into a technically challenging but rewarding area of actuarial work.
Skills you’ll need to be a great fit for the role:
- Strong mathematical and analytical skills – you’ll be comfortable crunching numbers, interpreting results, and applying logical reasoning.
- Keen problem-solving ability – you enjoy tackling tricky challenges and finding innovative solutions.
- Clear communication skills – you’re able to explain technical results to both actuarial experts and non-technical colleagues.
- Organisation and time management – you can juggle tasks, prioritise effectively, and keep projects moving smoothly.
We’re big on flexibility.Our Finance team are mainly based at Haywards Heath, West Sussex ,but we work from home most of the time. We think collaboration is pretty great though, so we like to get together about 1 day per week – just to keep those creative sparks flying. Prefer being in the office more often? That works for us too.
What’s involved:
- Support the production of the Solvency Capital Requirement (SCR) and regulatory submissions.
- Learn and develop your knowledge of actuarial tools and techniques.
- Monitor, maintain and enhance capital models.
- Communicate technical results clearly to a range of stakeholders.
- Work closely with data providers across the business.
- Ensure compliance with company policies, values and regulatory standards.
Experience, knowledge & skills:
- A minimum 2:1 degree in a numerical subject.
- Strong mathematical, analytical and statistical analysis skills.
- Broad knowledge of statistical methods and techniques.
- Good communication skills, both written and verbal.
- Strong organisational and time management skills.
- Knowledge of FCA requirements (including responsibilities linked to Consumer Duty) would be beneficial.
- A desire to learn, grow and innovate in your field.
Behaviours:
- Self-motivated, enthusiastic and keen to take initiative.
- Organised, proactive and able to work well both independently and as part of a team.
- Flexible and positive, with a can-do attitude.
- Logical thinker with sharp attention to detail and accuracy.
- Quick learner, able to transfer knowledge to others.
- Always looking for ways to improve and add value.
Ready to launch your actuarial career? Join 1st Central and start building a future where your skills and ideas open doors you never imagined. This is just the start – imagine where you could end up … the journey is yours!
What can we do for you?
People first. Always. We’re passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that’s what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you’ll enjoy, take a look at all our perks in full here .
Intrigued? Our Talent team can tell you everything you need to know about what we want and what we’re offering, so feel free to get in touch.
86% of people would recommend a friend to work at First Central
Simply Health Cash plan. Reclaim the cost of your eye tests, dental appts, physiotherapy and more
Flexible Bank Holidays
Eight flexible bank holidays; you can choose which festivals you observe
We’re passionate about it. Everyone gets a paid day off annually to volunteer
Electric Car Scheme
Plug into our Electric Car Scheme for a deal with insurance, road tax and servicing
Flexible Working
We’re flexible; most roles let you mix office and home working. We work fluidly around core hours
Your Time in Need
Your Time in Need: five days’ leave so you can deal with life stuff. We’ll support you
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Graduate Actuarial Analyst employer: First Central Services
Contact Detail:
First Central Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the Solvency Capital Requirement (SCR) and regulatory submissions. Understanding these concepts will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Network with current or former employees of 1st Central on platforms like LinkedIn. Engaging with them can provide you with insider knowledge about the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your statistical methods and analytical skills. Consider taking online courses or certifications that focus on actuarial tools and techniques to showcase your commitment to continuous learning and improvement.
✨Tip Number 4
Prepare to discuss how you handle problem-solving and time management in real-life scenarios. Think of specific examples where you've successfully tackled challenges, as this will highlight your suitability for the role and align with the behaviours they value.
We think you need these skills to ace Graduate Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your strong mathematical and analytical skills, as well as any relevant coursework or projects related to actuarial science. Emphasise your problem-solving abilities and communication skills, as these are key for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Graduate Actuarial Analyst position at 1st Central. Mention specific aspects of the company that attract you, such as their innovative use of technology and commitment to employee satisfaction.
Showcase Relevant Experience: If you have any internships, part-time jobs, or projects that demonstrate your analytical skills or experience with statistical methods, be sure to include them. Highlight how these experiences have prepared you for the challenges of the role.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at First Central Services
✨Showcase Your Analytical Skills
As a Graduate Actuarial Analyst, strong mathematical and analytical skills are crucial. Be prepared to discuss your experience with data analysis and problem-solving. Use specific examples from your studies or previous work to demonstrate how you've tackled complex numerical challenges.
✨Communicate Clearly
You'll need to explain technical results to both experts and non-experts. Practice articulating complex concepts in simple terms. During the interview, focus on clarity and ensure you can convey your thoughts effectively, as this will be key in your role.
✨Demonstrate Organisational Skills
The ability to juggle multiple tasks is essential. Prepare to discuss how you manage your time and prioritise tasks. You might want to share examples of projects where you successfully kept everything on track, showcasing your organisational prowess.
✨Express Your Enthusiasm for Learning
1st Central values a desire to learn and grow. Be ready to talk about your eagerness to develop your actuarial knowledge and skills. Mention any relevant courses, certifications, or self-study you've undertaken to show your commitment to continuous improvement.
