At a Glance
- Tasks: Support actuaries with projects and improve departmental processes.
- Company: Join Canada Life UK, a leader in financial services since 1903.
- Benefits: Competitive salary, pension scheme, private medical insurance, and personal development opportunities.
- Other info: Flexible working arrangements available; diversity and inclusion are key values.
- Why this job: Gain hands-on experience in actuarial work while developing your skills in a supportive environment.
- Qualifications: Final year student in Mathematics, Statistics, or related field with strong numeracy skills.
The predicted salary is between 500 - 1500 € per month.
Job Advert closing date: 25th March 2026.
Location: London (must be able to attend the office).
Dates of Internship: 13th July - 4th September (it is essential you are available all of these dates).
Level of internship: Suitable for those entering/completing final year of Undergraduate degree in Mathematics, Statistics or a related field.
Please note: On the application form, under Job specific information you are asked to answer questions that will be assessed as part of your application. Please make sure these sections are completed.
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Job Purpose
This is a developmental intern role (8 weeks’ duration) suitable for a university student with a mathematics / actuarial based degree. The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team.
No previous work experience is required however the individual will need to have the mathematical knowledge and initiative to perform the tasks themselves with coaching.
As part of the internship, this role will be supported by development workshops in both technical and character skills offering a great opportunity to learn and develop throughout the experience.
Key Accountabilities
- Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.
- Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service.
- Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and/or Business Intelligence tools.
- Assist the team in business-as-usual tasks such as managing queries received into the team and ensuring responses are made in an agreed timeframe.
Desired Knowledge / Experience / Skills
- High numeracy, preferred.
- Entering/completing final year of Undergraduate degree in Mathematics, Statistics or a related field.
- Good problem-solving skills.
- Good MS office skills e.g. Excel, Word and PowerPoint.
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.
“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK.
We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.
Actuarial Intern in London employer: Irish Life Group Services Limited
Canada Life UK is an exceptional employer that prioritises the growth and development of its employees, offering a competitive salary and comprehensive benefits package, including a generous pension scheme and private medical insurance. Our unique work culture fosters curiosity, collaboration, and inclusivity, ensuring that every team member feels valued and empowered to contribute to building better futures for our customers and communities. As an Actuarial Intern in London, you will gain invaluable experience while being supported through tailored development workshops, making this internship a meaningful step in your career journey.
Contact Detail:
Irish Life Group Services Limited Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Intern in London
✨Tip Number 1
Network like a pro! Reach out to your university's alumni or professionals in the actuarial field. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 3
Show off your skills! Bring along examples of your work, like projects or reports, to demonstrate your mathematical prowess during interviews. It’s a great way to stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the latest opportunities right there.
We think you need these skills to ace Actuarial Intern in London
Some tips for your application 🫡
Show Your Maths Skills:Since this is an actuarial role, make sure to highlight your mathematical knowledge in your application. Use specific examples from your studies or projects that demonstrate your problem-solving skills and numerical abilities.
Answer Job-Specific Questions Thoughtfully:Don’t skip the job-specific questions on the application form! These are crucial for us to assess your fit for the role. Take your time to provide clear and concise answers that reflect your understanding of the position and how you can contribute.
Keep It Professional Yet Personal:While we want to see your professional side, don’t be afraid to let your personality shine through. A touch of authenticity can make your application stand out. Share your passion for actuarial science and why you’re excited about this internship!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us without any hiccups. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Irish Life Group Services Limited
✨Know Your Numbers
As an Actuarial Intern, you'll need to demonstrate your strong numeracy skills. Brush up on key mathematical concepts and be ready to discuss how you've applied them in your studies. Think about specific examples where you've solved complex problems using maths.
✨Familiarise Yourself with Excel
Since you'll be working with data and producing reports, make sure you're comfortable with Excel. Practice using functions, pivot tables, and data analysis tools. You might even want to prepare a mini-project to showcase your skills during the interview.
✨Research Canada Life UK
Take some time to understand Canada Life UK's mission and values. Familiarise yourself with their services and recent developments in the company. This will not only help you answer questions but also show your genuine interest in the role and the organisation.
✨Prepare for Behavioural Questions
Expect questions that assess your problem-solving abilities and teamwork skills. Use the STAR method (Situation, Task, Action, Result) to structure your answers. Think of examples from your academic projects or group work that highlight your initiative and collaboration.
