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Actuarial trainee

Stratford-upon-avon
Internship
targetjobs UK
Posted: 4 July
Offer description

About The Scheme

At NFU Mutual, we’re offering an exciting opportunity to kickstart your actuarial career with our Actuarial Trainee Scheme. This scheme provides hands-on experience, including exposure to financial services and general insurance across teams such as reserving & financial modelling, systems & services, and profitability & pricing. You will collect, analyze, and interpret data, working closely with various teams to support business decisions.

The purpose of our actuarial teams is to ensure NFU Mutual remains financially robust and capable of providing excellent service. Actuaries help assess and manage risks, set pricing, and maintain financial stability, supporting strategies across life policies, general insurance, and reserve management.

As an Actuarial Trainee, you will support activities like designing models, investigating data anomalies, and communicating insights. The scheme supports your journey to becoming a Fellow of the Institute and Faculty of Actuaries (IFoA), offering structured learning, study days, mentoring, funding for exams, and access to study resources. You will gain valuable experience, be part of the IFoA network, and receive personalized guidance through mentorship. As you pass exams, you will receive incremental pay increases and rewards.

What you can expect

We support our employees from the start of their careers. As an Actuarial Trainee, you'll join a cohort of career starters committed to professional growth. Our culture is supportive and inclusive, encouraging ownership of your development with guidance and mentoring. We aim to build long-term relationships, supporting your day-to-day work and broader career goals.

* Varied Work Across Teams: Engage with actuarial systems & services, profitability & pricing, and reserving & financial modelling teams, working on model design, data analysis, and business strategy recommendations. You may also collaborate with sales, marketing, and IT departments.
* Clear Development Path: Receive on-the-job coaching and support to grow your skills.
* Study and Exam Support: Benefit from paid study days, mentoring, and resources to help you pass actuarial exams.
* Collaborative Environment: Join a friendly team where your contributions matter, and you'll receive support in problem-solving, sharing insights, and working with stakeholders.

Application Process

If shortlisted, you'll complete an online assessment testing problem-solving and reasoning skills with numerical, deductive, and inductive tasks. Next, you'll have an introductory call, followed by an in-person assessment including a skills-based interview and exercises.

This vacancy may close early depending on application volumes, so we recommend applying promptly!

About You

We seek motivated individuals eager to start their actuarial journey, valuing growth, innovation, and customer focus. To qualify, you need at least 3 A-levels at grade B or above (including mathematics, excluding general studies) and be working towards or have completed a 2:1 or above honours degree in actuarial science, mathematics, statistics, economics, or related fields with significant mathematical content. Work experience in actuarial or professional environments is advantageous but not essential.

Desired skills include:

* Strong analytical and numerical skills for evaluating complex data and calculations.
* Effective communication to explain technical findings to non-actuaries.
* Problem-solving and critical thinking to improve processes and support objectives.
* Attention to detail for accuracy in data and models.
* Time management and organization to handle multiple projects and deadlines.
* Knowledge of Excel and programming languages like SQL or VBA is a plus.

We promote an inclusive workplace, valuing diversity and supporting candidates with different needs during recruitment. We are proud to be a Disability Confident Employer and welcome applications from all backgrounds.

Benefits and Rewards

* Salary: £30,987
* Annual bonus (up to 10%)
* Contributory pension scheme (up to 20%)
* 25 days annual leave plus bank holidays, with holiday trading options
* Family-friendly policies
* Discounts on high street brands, travel, and supermarkets
* £20 monthly gym contribution
* Health and wellbeing plans
* Volunteering opportunities
* Refer a Friend bonus scheme (£500)
* Life assurance (4x salary)
* Employee discounts on insurance policies
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