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 Behind our smart decisions? You Actuaries are the quiet power behind smart financial moves. Combining sharp analytical thinking, technical and statistical mastery, and commercial awareness to turn numbers into knowledge and predictions into plans. They forecast the likelihood of future events and risks assessing their financial impact - from how long people might live, to how often accidents happen, to how markets behave - and turn those predictions into financial strategies that stand the test of time. On our Actuarial Graduate Scheme, youll learn to think strategically, calculate risk, model the unknown and explain complex ideas so clearly your least-mathsy mate will finally get what you do for a living. Four years. Multiple rotations. Maximum impact Across four years, youll rotate through different actuarial functions, spending around 18 months in each placement. Youll see the profession from every possible angle. And play a role in reshaping how a modern actuarial team works. You could be: Using pricing techniques to calculate premiums for Insurance, Pensions & Investment products. Calculating reserves and capital so every valid claim can be paid - no drama. Analysing experience and using judgement to set the assumptions that drive our models. Modelling risks using advanced actuarial and statistical techniques. Designing tools and models that forecast the future (without the crystal ball). Optimising investment strategies to meet regulations and keep risk in check. Explaining complex concepts to stakeholders and presenting analysis that drives big business decisions. Your actuarial arsenal Youll get hands-on with: Excel / VBA, Python, R, Prophet (actuarial-specific modelling software), Power BI and other powerful data-driven tools. And because at Lloyds were actively modernising our actuarial function, youll work with automation, agile methods, and cutting-edge analytics to deliver faster, sharper insights. Studying: we make it doable Qualifying as an actuary isnt quick, but well be your trainers, energy gels and finish-line cheer squad. Youll 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 whove been in your shoes. A proven career path, with grads moving on to Manager and Senior Manager roles - and beyond. What you get Work thats challenging, varied and never dull. Real influence - your work helps shape products, investments and risk strategies. The chance to help 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 youll 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 slick dashboards in Power BI that tell a story in seconds. Helping shape our investment strategy to match our risk appetite. Your future. Fully backed By the end of the scheme, youll have: 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 - making you one of the most in-demand professionals in finance. Its not always easy, but definitely rewarding. Requirements What you need to apply While we do not require a minimum degree achievement, we strongly recommend the ability to be able to demonstrate sound knowledge, understanding and technical skills aligned to the role. Some aspects of this, alongside behaviours and values, will be assessed through the application process. Please note that we cannot sponsor visas Locations This scheme operates in Bristol, Edinburgh or Leeds. You will be in that location for the duration of your scheme. We support hybrid working with at least two days a week in the office Opening and Closing date Applications for our Actuarial Graduate Scheme open on 24th September 2025. Our graduate schemes may close early if we receive a high number of applications, so its best to apply as soon as you can. How to Apply Our application process is designed to help you shine. We want everyone to feel they belong and can be their best, regardless of background, identity, or culture. Find details, including stages and tips for success, on our?how to apply?page.