Actuarial Trainee

Overview

We\’re an actuarial business at our core and you\’ll be at the centre of the action, helping us make some of the biggest decisions for us and our customers. In fact, many of our group executive and senior leadership teams started their career on an actuarial programme, just like you. You\’ll complete a number of assignments of around eighteen-months each, translating complex financial or mathematical insight into outcomes that deliver for our customers. You could be working on everything from valuation (modelling) and pricing, through to assessing risk on climate change, or analysing mergers and acquisition opportunities. Alongside each of your assignments, you\’ll receive funded study support towards a professional qualification with the IFoA. Depending on your educational background and any exemptions, this can be done in three years. For others this can be a much longer-term commitment. We offer best in class study support, which includes generous study allowance and support with materials, exam costs and other things. We\’ve run this programme for decades and have a great track record of coaching and supporting people like you through this.

Qualifications

• Qualified graduate and able to start no later than September 2026.
• You don\’t need to have studied actuarial science, finance or even a highly numerical discipline. We just ask that you are analytical and numerical, with strong critical thinking and problem-solving skills.
• It would be great if you had some experience of coding, data, visualisation and AI, but this is not essential.
• Ability to identify, articulate and communicate the key conclusions from analysis in simple terms.
• Intellectually curious, adaptable to change and not afraid to share new ideas and question the status quo.
• Proactive, driven to succeed and able to deliver multiple projects concurrently.
• Excellent verbal and written English language skills, with the ability to build relationships and engage with stakeholders across the business.

Responsibilities

As part of our Finance & Actuarial function, you\’ll gain hands‑on experience supporting actuarial analysis, reporting, and project work while progressing through the Core stages of actuarial qualification. You\’ll be part of a collaborative team, contributing to business‑critical tasks and developing your technical and professional skills.

Benefits

• Starting salary of £31,000 per annum plus bonus, with further increments on successful completion of exams.
• Generous pension (up to 14% matching) and life assurance (up to 8× salary).
• 28 days annual leave plus bank holidays with the option to buy/sell up to 5 days.
• Private medical insurance, as well as 24/7 confidential access to health, legal and financial advice.
• Robust training and support to guide you towards Fellowship status with the Institute and Faculty of Actuaries (IFoA).
• Great career development beyond the end of the programme.
• Amazing office facilities, with hybrid working. We always 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.

Application

Your application should include a short cover letter telling us why you\’re well suited to the role at Royal London. We\’re hiring Actuarial Trainees in Edinburgh and Alderley Park. Please apply only for your preferred location – you can make clear on your cover letter if you are happy to consider the other location. Exact dates are still to be confirmed, but if you\’re selected, you\’ll need to make yourself available for an on‑site assessment centre at the beginning of February 2026.