Actuarial Student

Scottish Friendly; Glasgow; Hybrid; GBP 21,000 - 27,000; Full time

Job summary

Scottish Friendly in Glasgow is seeking an Actuarial Student to start a career in life and pensions actuarial work, with a hybrid arrangement requiring 2 days in the office. You'll gain hands-on experience across solvency valuations, reinsurance, experience analysis and reporting, and support for policyholder communications.

This program offers professional support toward actuarial qualifications, exposure to multiple disciplines including asset returns, movement analysis, and collaboration with

Qualifications

• Recent graduate with strong maths ability and problem-solving mindset.
• Demonstrated analytical thinking and data interpretation.
• Excellent written and verbal communication skills.

Responsibilities

• Assist with solvency UK valuations and reporting.
• Support reinsurance analysis and reporting.
• Support experience analysis and assumption setting.
• Assist with asset return analysis passed to policyholders.
• Help explain movements in actuarial results.
• Support reports and stakeholder communications.

Skills

Mathematical ability

Analytical thinking

Excel

SQL

Python

Communication skills

Team collaboration

Education

Recent graduate in Mathematics or related field

Tools

Microsoft Excel

Job description

Glasgow (Hybrid Working - 2 Days per Week in Office)

Launch Your Actuarial Career with Scottish Friendly

Are you a recent graduate with a passion for mathematics, analysis and problem solving? Looking to build a successful career as an actuary while gaining hands‑on experience across a broad range of actuarial disciplines?

At Scottish Friendly, we're looking for an ambitious Actuarial Student to join our team in Glasgow. This is an excellent opportunity to receive professional support towards actuarial qualifications while developing your expertise within a collaborative and supportive environment.

The Opportunity

As an Actuarial Student, you'll gain exposure to a wide variety of actuarial work, helping you develop a strong technical foundation and a deep understanding of the life and pensions industry.

You'll be involved in:

• Solvency UK valuations and reporting
• Reinsurance analysis and reporting
• Experience analysis and assumption setting
• Supporting the determination of asset returns passed to policyholders
• Analysing and explaining movements in actuarial results
• Assisting with the preparation of reports and stakeholder communications
• Supporting Customer Services in responding to complex questions from our policyholders
• Supporting ad-hoc business projects

As your experience grows and you progress through your actuarial qualifications, you'll have opportunities to contribute across the wider business, including investment, operations, customer services and product development.

About You

We're looking for someone who is:

Analytical, curious and naturally solutions-focused

Comfortable working with data and interpreting information

Able to manage multiple priorities and meet deadlines

A strong communicator with excellent written and verbal skills

Collaborative, adaptable and eager to learn

• A new graduate, or someone with a little experience of working in an actuarial related role in the life insurance sector
• Strong mathematical and analytical ability
• Excellent knowledge of Microsoft Excel
• Some experience of coding, statistical software or financial modelling (such as SQL or Python)
• A genuine interest in pursuing a career as a qualified actuary