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For Companies At a Glance
- Tasks: Rotate through actuarial functions, calculate premiums, and analyse data to drive business decisions.
- Company: Join a modern bank that values innovation and insight-driven strategies.
- Benefits: Earn £42,000, enjoy fantastic benefits, and receive full support for your actuarial studies.
- Why this job: Shape the future of finance while gaining a respected professional qualification.
- Qualifications: No minimum degree required, but strong analytical skills are essential.
- Other info: Hybrid working supported; apply early as positions may close quickly.
The predicted salary is between 36000 - 48000 £ per year.
Overview
Join to apply for the Actuarial Graduate Scheme role at targetjobs UK.
Duration – 4 years
Salary – £42,000 + fantastic benefits
Locations – Edinburgh, Bristol or Leeds
Qualifications – Study to qualify as an Actuary and become a Fellow of The Institute and Faculty of Actuaries. Training and costs are all taken care of.
What you’ll do
- Rotate through different actuarial functions across four years, spending around 18 months in each placement.
- Use pricing techniques to calculate premiums for Insurance, Pensions & Investment products.
- Calculate reserves and capital so every valid claim can be paid.
- Analyze experience and set the assumptions that drive our models.
- Model risks using advanced actuarial and statistical techniques.
- Design tools and models that forecast the future (without the crystal ball).
- Optimise investment strategies to meet regulations and keep risk in check.
- Explain complex concepts to stakeholders and present analysis that drives big business decisions.
Your actuarial arsenal – You’ll get hands-on with Excel / VBA, Python, R, Prophet (actuarial-specific modelling software), Power BI and other data-driven tools. You’ll work with automation, agile methods, and cutting-edge analytics to deliver faster, sharper insights.
Studying: we make it doable – Qualifying as an actuary isn’t quick, but we’ll be your trainers and support throughout your journey.
You’ll have the opportunity to work towards becoming a Fellow of the Institute and Faculty of Actuaries (IFoA) with:
- A generous study package – study days, tutorials, materials, exam costs and professional subscriptions.
- Local education leads and study mentors who’ve been in your shoes.
- A proven career path, with grads moving on to Manager and Senior Manager roles – and beyond.
What you get
- Work that’s challenging, varied and never dull.
- Real influence – your work helps shape products, investments and risk strategies.
- The chance to reinvent what it means to be an actuary in a modern, insight-driven bank.
- A career that sets you up for long term success and progression.
Some of the things you’ll work on
- Using climate-risk data to forecast future impacts on insurance portfolios.
- Presenting your models to senior decision-makers.
- Building a pricing model in R or Python.
- Creating dashboards in Power BI that tell a story in seconds.
- Helping shape our investment strategy to match our risk appetite.
Your future. Fully backed
- A respected professional qualification.
- A deep understanding of risk in insurance, pensions and investment.
- A rare blend of analytical skill, technical expertise, and commercial awareness.
Requirements
What you need to apply
- There is no minimum degree requirement, but you should be able to demonstrate sound knowledge, understanding and technical skills aligned to the role. Some aspects, alongside behaviours and values, will be assessed through the application process.
- This role does not qualify under current UK visa sponsorship criteria.
Locations – This scheme operates in Bristol, Edinburgh or Leeds. You will be in that location for the duration of your scheme. Hybrid working with at least two days a week in the office is supported.
Opening and Closing date – Applications open on 24 September 2025. Our graduate schemes may close early if we receive a high number of applications, so apply soon.
How to Apply – Our application process is designed to help you shine. Find details, including stages and tips for success, on our how to apply page.
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Actuarial Graduate Scheme employer: TargetJobs UK
Contact Detail:
TargetJobs UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Graduate Scheme
✨Tip Number 1
Network like a pro! Reach out to current employees on LinkedIn or at career fairs. Ask them about their experiences and any tips they might have for landing the Actuarial Graduate Scheme.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to build your confidence and get feedback.
✨Tip Number 3
Showcase your skills! Bring examples of your work with Excel, Python, or any relevant projects to the interview. This will help us see your practical experience and how you can contribute to our team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’ve got loads of resources to help you shine during the process.
We think you need these skills to ace Actuarial Graduate Scheme
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Actuarial Graduate Scheme. Highlight any relevant coursework, projects, or internships that showcase your analytical abilities and technical skills.
Craft a Compelling Cover Letter: Your cover letter is your chance to tell us why you're passionate about becoming an actuary. Share your motivations, what excites you about the role, and how you can contribute to our team. Keep it concise but impactful!
Showcase Your Technical Skills: Since we use tools like Excel, Python, and Power BI, make sure to mention any experience you have with these technologies. If you've worked on relevant projects, don’t hesitate to include them to demonstrate your hands-on experience.
Follow Our Application Process: We’ve designed our application process to help you shine, so be sure to check out our 'how to apply' page for all the details. Applying through our website ensures your application gets the attention it deserves!
How to prepare for a job interview at TargetJobs UK
✨Know Your Numbers
Brush up on your actuarial knowledge and be ready to discuss key concepts like pricing techniques, reserves, and capital calculations. Familiarise yourself with the tools mentioned in the job description, such as Excel, Python, and Power BI, so you can confidently talk about how you've used them or how you plan to.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical thinking by discussing past experiences where you've modelled risks or analysed data. Use specific examples that highlight your ability to explain complex concepts clearly, as this is crucial for presenting to stakeholders.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s approach to risk management or how they integrate climate-risk data into their models. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
✨Practice Makes Perfect
Conduct mock interviews with friends or mentors to get comfortable with common interview questions. Focus on articulating your thoughts clearly and concisely, especially when discussing technical topics. The more you practice, the more confident you'll feel on the day!
