Actuarial Apprenticeship 2025 (Swindon)

Zurich Insurance; Swindon; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance provider in the UK is offering an actuarial apprenticeship program. You'll analyze data, assess risks, and create predictive models while working alongside expert actuaries. This position requires strong mathematical and analytical skills, as well as an ability to communicate effectively. With a competitive starting salary and a variety of benefits, this is an excellent opportunity to kickstart your career in the insurance sector.

Benefits

25 days holiday plus 3 volunteering days

12% pension contribution

Private medical cover

Annual bonus

Discounted fitness and gadget insurance

Wellbeing support

Qualifications

• Must have resided in the UK for a minimum of three consecutive years.
• Professional attitude and strong communication skills are required.
• Comfortable with maths and possesses a logical mindset.

Responsibilities

• Figure out risks and how much things should cost.
• Build models to predict future outcomes.
• Calculate the cost of insurance policies based on different scenarios.

Skills

Interpersonal skills

Communication skills

Analytical skills

Mathematical skills

Problem-solving skills

Education

A levels at A-C including A in maths

Five GCSEs at grade C/4 including Maths and English

Tools

Excel

Job description

Overview

Actuaries use maths and statistics to help us predict and manage risks. This helps us understand when our customers might need our support. Our actuarial apprenticeship programme will help you learn how to analyse data, assess risks and create models to drive intelligent decision-making. You'll work alongside expert actuaries and use your numerical, team-working, communication and interpersonal skills while working on our products, pricing or reserving.

Responsibilities

• Figuring out risks and how much things should cost.
• Build models to predict future outcomes.
• Calculate the cost of life insurance policies based on different scenarios.
• Create reports to share your findings.
• Make sure everything follows the rules.
• Give advice on smart ways to invest and plan finances.
• Keep an eye on insurance programmes to make sure they stay strong.

What you can look forward to

• Use actuarial tools to analyse data and calculate the likelihood and costs of certain events.
• Improve your communication skills and enhance your ability to plan, prioritise, analyse, and understand the professional landscape.
• Engage in daily activities like solving problems, building and coding models, creating and editing Excel spreadsheets, analysing data, and providing insights.
• Learn about mathematical concepts related to insurance. Your specific tasks will depend on your strengths and the needs of the team.

Eligibility and qualifications

• Full right to work and reside in the UK - Due to government regulations, we cannot accept applications from those who require a visa to live and work in the UK. You must have the indefinite right to live and work in the UK and have resided here for a minimum of three consecutive years.
• Minimum of three A Levels at A-C (or equivalent), including an A or A in maths
• A minimum of five GCSEs (or equivalent) at grade C/4 including Maths and English.
• A professional attitude with a positive 'can do' approach to your work
• Strong interpersonal and communication skills
• Ability to build strong working relationships
• Strong IT skills, knowledge of Excel is preferable (but not essential)
• Comfortable with maths and a logical mindset
• Appetite to learn
• Effective personal planning and organisation

Additional information

• Insurance is so much more than you think!
• The company emphasises diversity and inclusion and aims to create a supportive environment where everyone is welcome.
• We are unable to progress applications that do not meet the stated criteria or visa requirements; applicants must have resided in the UK for at least three consecutive years to apply.
• Salary and benefits: £23,387 starting salary; 25 days holiday plus 3 volunteering days; flexible bank holidays; private medical cover; 12% pension contribution; annual bonus; discounted fitness and gadget insurance; discounted technology offers; 12% defined non-contributory pension scheme; income protection; life cover of four times salary; time away for holidays and cultural observances; option to buy/sell holiday; maternity/paternity/adoption leave; private medical insurance; Virtual GP; wellbeing support; etc.
• Note: You must have the right to reside and work in the UK before you apply as we are unable to provide sponsorship.
• As part of our purpose, Zurich focuses on sustainability, diversity, and inclusion, and we offer opportunities to contribute to a brighter future for customers, partners, employees and the planet.