Actuarial Trainee (Entry Level <5 passes)

Job Title: Actuarial Trainee

Contract Type: Permanent

Location: Edinburgh

Working style: Hybrid 50% home/office based

Closing date: 30th June 2025

Join our team as an Actuarial Trainee and kick-start your actuarial career. You’ll support key projects that shape how we assess risk, price products, and deliver value to customers—all while studying towards qualification.

You’ll work on real business challenges, from technical analysis and reporting to improving models and processes. We’re hiring to grow our actuarial capability and develop future talent. This is your chance to make a meaningful impact while learning from experienced professionals in a supportive, forward-thinking environment.

About the role

• Support actuarial analysis and reporting using standard techniques and tools.
• Contribute to business-as-usual tasks and project work across the Finance & Actuarial teams: Business Quality Management, New Business Reporting, Pensions and Protection Pricing.
• Assist in maintaining and improving actuarial models, spreadsheets, and documentation.
• Apply knowledge from actuarial studies to real-world tasks and problem-solving.
• Help identify risks and suggest improvements to processes and controls.
• Progress through actuarial exams with support from a structured study programme.

About you

• Strong numerical and analytical skills, with a problem-solving mindset.
• Graduate in a mathematical discipline with an interest in actuarial science or currently studying towards the actuarial exams
• Fewer than 4 scoring passes at Core level of actuarial qualification.
• Good understanding of life and pensions products and actuarial techniques.
• Proficient in Excel and other relevant software tools.
• Clear and confident communication skills—written and verbal.
• Self-motivated, detail-oriented, and able to manage workload effectively

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. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve. 

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. You can see all our benefits here: Our Benefits  

Inclusion, diversity and belonging 

We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.