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- Tasks: Support actuarial analysis and reporting while gaining hands-on experience in financial modelling.
- Company: Join Royal London, the UK's largest mutual life and pensions company.
- Benefits: Starting salary of £31,000, generous pension, private medical insurance, and 28 days leave.
- Why this job: Launch your actuarial career with robust training and real impact on critical business decisions.
- Qualifications: Graduates with strong numerical skills; coding experience is a plus but not essential.
- Other info: Hybrid working model with excellent career development opportunities.
The predicted salary is between 31000 - 31000 £ per year.
Location: Alderley Park
Contract Type: Permanent
Working style: Hybrid 50% home/office based
Closing date: 20th October 2025
Are you a graduate with strong numerical skills and a keen interest in financial modelling, risk analysis, and data-driven decision-making? Our Actuarial Trainee role offers the perfect launchpad for your actuarial career.
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.
What you\’ll gain?
- 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 x8 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
About the role
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.
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.
We offer best in class study support, which includes generous study allowance and support with materials, exam costs and other things.
What skills and experience do I need?
- 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
What else do I need to know?
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.
At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings.
Our expectation is that colleagues will come into the office for 50% of their time. This hybrid model is built around our mutual mindset, thinking about what is good for us as individuals and in the context of what is right for our customers, our colleagues and the wider Royal London Group.
About Royal London
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.
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.
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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
Network like a pro! Reach out to current employees on LinkedIn or attend industry events. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 3
Showcase your passion for the field! During interviews, share your enthusiasm for financial modelling and risk analysis. Let them know why you're excited about the Actuarial Trainee role specifically.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining our team at Royal London.
We think you need these skills to ace Actuarial Trainee (Entry Level <5 passes)
Some tips for your application 🫡
Show Your Passion: When writing your application, let us see your enthusiasm for the actuarial field. Share why you're excited about financial modelling and risk analysis, and how you see yourself growing in this role.
Tailor Your Cover Letter: Make sure your cover letter is specific to the Actuarial Trainee position. Highlight your numerical skills and any relevant experiences, even if they’re not directly related to actuarial science. We want to know what makes you a great fit!
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language to communicate your skills and experiences. Remember, we appreciate good written English, so make sure to proofread for any errors before hitting send!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Royal London
✨Know Your Numbers
As an Actuarial Trainee, you'll need to showcase your strong numerical skills. Brush up on basic financial concepts and be ready to discuss any relevant coursework or projects that highlight your analytical abilities. This will show your potential employer that you’re not just a number cruncher but someone who can apply these skills in real-world scenarios.
✨Research the Company
Before your interview, take some time to understand Royal London’s values, mission, and recent projects. Being able to discuss how your interests align with their goals will demonstrate your enthusiasm for the role and help you stand out as a candidate who is genuinely interested in contributing to their success.
✨Prepare for Technical Questions
Expect questions that test your problem-solving and critical thinking skills. Practice explaining complex concepts in simple terms, as this is crucial for the role. You might also want to brush up on any coding or data visualisation skills, even if they’re not essential, as they could give you an edge in the interview.
✨Craft a Compelling Cover Letter
Your cover letter is your chance to make a great first impression. Make sure it clearly outlines why you’re well-suited for the Actuarial Trainee position. Highlight your analytical mindset, any relevant experiences, and your eagerness to learn and grow within the company. A strong cover letter can set the tone for a successful interview.
