Actuarial Placement Year
- Location: Stratford upon Avon – initially full‑time office‑based working before transitioning to hybrid working (3 days per week from home).
- Start Date: August 2026 – flexibility available for course dates and holidays.
- Duration: 12 months.
- Entry Requirements: Penultimate year of an undergraduate degree in actuarial science, mathematics, statistics, economics or another numerically focused subject, with an ‘A’ in A‑Level Maths, other A‑Levels at grade B or above, and at least grade 6 (B) in GCSE English Language.
- Salary: £31,864 + up to 10% annual bonus.
- Hours: 35 hours per week.
At NFU Mutual, our actuaries sit at the heart of our business, helping us understand risk, manage reserves, and keep our customers financially protected.
This Actuarial Analyst 12‑month opportunity is ideal for undergraduates in the penultimate year of their degree in actuarial science, mathematics, statistics, economics, or a subject with strong mathematical content. As an Actuarial Placement student, you’ll gain hands‑on experience and real responsibility from day one.
Responsibilities
- Supporting the calculation and analysis of reserves (the money we hold to pay future claims).
- Analysing trends in claims data and identifying key insights.
- Contributing to profitability analysis and analysis for pricing and business planning.
- Sharing technical management information (MI) and insights with the wider business.
- Working with actuarial models and helping to improve processes and reporting.
Your Development
- Structured on‑the‑job training and guidance from experienced actuaries.
- Opportunities to build technical skills, including Excel, data analysis, and potentially SQL and Power BI.
- Involvement in team and departmental projects.
What you’ll gain
- Developed a strong understanding of actuarial reserving within GI.
- Built practical analytical and problem‑solving skills.
- Gained insight into how actuarial work supports wider business decision‑making.
- Experienced life within a collaborative, professional working environment.
Benefits and Rewards
- Salary £31,864.
- Annual bonus (up to 10% of salary).
- Contributory pension scheme, up to 20%, including your 8% contribution.
- 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme.
- A Family Friendly policy that helps you balance work and family responsibilities.
- Access to savings at High Street brands, travel and supermarkets.
- £20 contribution to a monthly gym membership – subject to T&Cs.
- Health and wellbeing plan – cashback for dentist, opticians, physio and more.
- Access to voluntary benefits, including health assessments, private medical insurance and dental insurance.
- Employee Volunteering – volunteer in the community for one day each year.
- Unlimited access to Refer a Friend £500 bonus scheme.
- Life Assurance cover of 4 × salary.
- Employee discounts of 15% on a range of NFU Mutual insurance policies.
- Salary sacrifice employee car scheme – subject to eligibility.
Equal Opportunity & Diversity
At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.
We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.
We’re proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.
