Actuarial Trainee

Job Title: Actuarial Trainee

Contract Type: Permanent  

Location: Alderley Edge

Working style: Hybrid 50% home/office based

Closing date: 12the September 2024

Are you passionate about numbers, analysis, and risk modelling? We have an exciting new opportunity for an Actuarial Trainee to join our dynamic team on a permanent basis. As an Actuarial Trainee you’ll be exposed to a fast-paced environment where you’ll have the opportunity to learn and apply actuarial techniques to analyse data and develop financial models.

We are looking for a highly motivated and analytically minded individual, who you will play a crucial role in helping assess and manage our risks. This is an excellent opportunity for an actuarial student who is 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.

The role will sit within the Insurance Risks team which has the following key responsibilities:

• Development of Methodology & Assumptions for use in pricing and valuation of insurance risks.
• Development of Insurance Proposition to retain/create value.
• Delivery of risk management initiatives to optimise return on capital and operating profit.
• Development of End-to-End management process for Insurance Risk.

The successful candidate will be partly qualified and studying towards the Institute and Faculty of Actuaries (IFoA) examinations.   

About the role

• Developing models to support the management of insurance risks e.g., Longevity, Mortality and Persistency. 
• Undertake technical analysis using standard actuarial and analytical techniques in accordance with agreed guidelines and methodology.
• Challenge and make improvements and efficiencies to processes, and procedures to make them more accurate and/or efficient.
• Identify areas in processes which have a high level of risk or control failure and escalate to team manager, with suggestions for improvements.
• 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), study will be supported by Royal London.
• 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.

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.