Actuarial Trainee

Royal London; City of Edinburgh; Hybrid; GBP 29,000 - 35,000; Full time

Benefits offered by this job

Pension up to 14%

Life assurance 8x salary

28 days annual leave + bank holidays (

Private medical insurance

IFoA study support

Hybrid working

Job summary

Royal London is offering an Actuarial Trainee programme in Edinburgh. This entry‑level role provides hands‑on experience in actuarial analysis, reporting and project work, with rotations across valuation, pricing, and risk assessment.

You'll complete rotations of around 18-24 months each and receive funded study support towards the IFoA qualification. A mentor network and structured exams plan help you progress toward Fellowship, with a hybrid work pattern and a starting salary of £32,000 plus

Qualifications

• Graduate with strong numerical skills and interest in actuarial work.
• Interest in financial modelling, risk analysis or data-driven decision-making.
• Committed to pursuing actuarial qualification (IFoA).
• Willing to undertake rotations across actuarial tasks.

Responsibilities

• Complete rotations of 18–24 months each.
• Translate complex financial or mathematical insight into outcomes for clients.
• Support actuarial analysis, reporting and project work.
• Utilise funded study support towards IFoA qualification.

Skills

Numerical skills

Financial modelling

Risk analysis

Data-driven decision-making

Education

University graduate - numerical field

Job description

Location: Edinburgh

Working style: Hybrid 50% home/office based Are you a graduate with strong numerical skills and a keen interest in financial modelling, risk analysis, or data-driven decision-making? Our

Contract type: Permanent Location: Edinburgh Working style: Hybrid 50% home/office based Are you a graduate with strong numerical skills and a keen interest in financial modelling, risk analysis, or data-driven decision-making? Our Actuarial Trainee programme offers the perfect launchpad for your actuarial career.

As part of our Finance & Actuarial function, you’ll gain hands‑on experience supporting actuarial analysis, reporting, and project work while progressing through the actuarial professional qualification.

You’ll be part of a collaborative team, contributing to business‑critical tasks and developing your technical and professional skills.

This entry‑level role offers hands‑on experience in actuarial analysis, reporting, and project work. You’ll be supported by experienced mentors and a structured study programme as you progress towards professional qualification.

What you’ll gain?

• Starting salary of £32,000 per annum plus bonus, with further increments on successful completion of exams
• Generous pension (up to 14% matching) and life assurance (8x salary)
• 28 days annual leave plus bank holidays with the option to buy/sell up to 5 days
• Private medical insurance, as well as 24/7 confidential access to health, legal and financial advice
• Robust training and support to guide you towards Fellowship status with the Institute and Faculty of Actuaries (IFoA)
• Great career development beyond the end of the programme
• Amazing office facilities, with hybrid working

About The Role

We’re an actuarial business at our core and you’ll be at the centre of the action, helping us make some of the biggest decisions for us and our customers. In fact, many of our group executive and senior leadership teams started their career on an actuarial programme, just like you.

You’ll complete a number of rotations of around 18-24 months each, translating complex financial or mathematical insight into outcomes that deliver for our customers.

You could be working on everything from valuation (modelling) and pricing, through to assessing risk on climate change, or analysing mergers and acquisition opportunities.

Alongside each of your rotations, you’ll receive funded study support towards a professional qualification with the IFoA. Depending on your educational background and any exemptions, this can be done in three years. For others this can be a much longer‑term commitment.

We offer best in class study support, which includes generous