Actuarial Trainee

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Date: 5 Jul 2024

Location: Edinburgh, GB

Company: Royal London Group

Job Title: Actuarial Trainee  

Contract Type: Permanent

Location: Edinburgh 

Working style: Hybrid 50% home/office based

Closing date: 19th July 2024


Are you passionate about numbers, analysis, and risk management? We have an exciting new opportunity for you to kickstart your career as an Actuarial Trainee at Royal London.


As an Actuarial Trainee, you will be exposed to a dynamic and fast-paced environment, where you will work alongside a team of experienced actuaries and gain exposure to a wide range of actuarial projects and responsibilities. You will have the opportunity to learn and apply actuarial techniques to analyse data and develop financial models.


We are seeking a highly motivated and analytically minded individual to join our team as an Actuarial Trainee in Edinburgh where you will play a crucial role in helping assess and mitigate our risks. 


This is an excellent opportunity for an actuarial student who is at the start of their actuarial journey or making good progress through their exams to develop their career, gain exposure in a strategically important business area and be part of our ambitious journey with Royal London.


About the role


  • Undertake technical analysis using standard actuarial and analytical techniques in accordance with agreed guidelines and methodology.
  • Carry out reasonableness checks of your own work to minimise errors.
  • Check work of a technical or complex nature, providing feedback to the originator.
  • Identify areas in processes which have a high level of risk or control failure and escalate to team manager, with suggestions for improvements.
  • Challenge and make improvements and efficiencies to processes, procedures, and documentation to make them more accurate and/or efficient.
  • Maintain the systems/processes used within the required level of governance.
  • Provide support in the testing of changes to the systems/processes.

About you


  • Be partly qualified and studying towards the Institute and Faculty of Actuaries (IFoA) examinations is desirable.
  • Bachelor's degree in actuarial science, mathematics, statistics, or a related field is desirable.
  • Strong analytical and problem-solving skills, with the ability to think critically and independently.
  • Solid understanding of probability theory, statistics, and financial mathematics.
  • Excellent communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner.
  • Strong commitment to professional development and willingness to pursue actuarial exams.
  • Experience within life insurance or pensions industry would be beneficial but not essential.

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. 





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