Actuarial Trainee (Entry Level <5 passes)

Royal London; Alderley Edge; Hybrid; GBP 31,000; Full time

Job summary

A leading mutual life and pensions company in the UK is looking for an Actuarial Trainee to support actuarial analysis and gain professional qualifications. This role offers a starting salary of £31,000 per year, hybrid working, generous benefits, and extensive training support. Candidates should be numerically skilled graduates ready to start by September 2026. The position is based in Alderley Park.

Benefits

Generous pension scheme

Private medical insurance

28 days annual leave

Qualifications

• Graduate able to start no later than September 2026.
• Strong analytical and numerical skills required.
• Experience in coding or data visualization is a plus.

Responsibilities

• Support actuarial analysis and reporting.
• Complete assignments translating financial insight into outcomes.
• Receive funded study support towards professional qualification.

Skills

Numerical skills

Critical thinking

Problem-solving

Data visualization

Communication

Education

Qualified graduate

Job description

Location: Alderley Park

Contract Type: Permanent

Working style: Hybrid 50% home/office based

Closing date: 20th October 2025

Are you a graduate with strong numerical skills and a keen interest in financial modelling, risk analysis, and data-driven decision-making? Our Actuarial Trainee role 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 Core stages of actuarial qualification.

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

What you'll gain?

• Starting salary of £31,000 per annum plus bonus, with further increments on successful completion of exams
• Generous pension (up to 14% matching) and life assurance (up to x8 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.

You'll complete a number of assignments of around eighteen-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 assignments, you'll receive funded study support towards a professional qualification with the IFoA.

We offer best in class study support, which includes generous study allowance and support with materials, exam costs and other things.

What skills and experience do I need?

• Qualified graduate and able to start no later than September 2026.
• You don't need to have studied actuarial science, finance or even a highly numerical discipline. We just ask that you are analytical and numerical, with strong critical thinking and problem-solving skills.
• It would be great if you had some experience of coding, data, visualisation and AI, but this is not essential.
• Ability to identify, articulate and communicate the key conclusions from analysis in simple terms
• Intellectually curious, adaptable to change and not afraid to share new ideas and question the status quo
• Proactive, driven to succeed and able to deliver multiple projects concurrently
• Excellent verbal and written English language skills, with the ability to build relationships and engage with stakeholders across the business

What else do I need to know?

Your application should include a short cover letter telling us why you're well suited to the role at Royal London.

We're hiring Actuarial Trainees in Edinburgh and Alderley Park. Please apply only for your preferred location - you can make clear on your cover letter if you are happy to consider the other location.

At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings.

Our expectation is that colleagues will come into the office for 50% of their time. This hybrid model is built around our mutual mindset, thinking about what is good for us as individuals and in the context of what is right for our customers, our colleagues and the wider Royal London Group.

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.

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.

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London.