Actuary

Academy Education Network Ltd; Greater London; On-site; GBP 30,000 - 40,000; Full time

Job summary

Academy Education Network Ltd is looking for actuaries who apply mathematics and statistics to model risks in insurance and finance. The role involves building mathematical models, preparing presentations, and ensuring compliance with regulations.

Ideal candidates will have a strong quantitative background and experience in tools like Excel, R, and Python. Salary ranges from £30,000 for trainees to over £300,000 for senior positions, with potential pay rises per exam pass.

Qualifications

• Current or aspiring IFoA Associate (AIA) or Fellow (FIA) candidate.
• Experience or coursework in relevant actuarial tools.
• Proven analytical and problem-solving skills with attention to detail.

Responsibilities

• Build mathematical models to price insurance and financial risks.
• Prepare and present complex data analyses to stakeholders.
• Support regulatory reporting to ensure compliance.

Skills

Logical thinking

Resilience during exam study

Clear communication

Detail orientation

Ethical decision-making

Education

Strong background in Mathematics, Statistics, Economics, Engineering or Physics

Tools

Excel

R

Python

actuarial software tools

Job description

Actuaries apply mathematics, statistics and financial theory to model risk for insurers, pension schemes and financial institutions. Day‑to‑day work mixes data analysis, financial modelling (Excel, R, Python, Prophet, GGY AXIS), regulatory reporting (Solvency II, IFRS 17) and stakeholder presentations.

Responsibilities

• Build mathematical models to price insurance, pensions and other financial risks.
• Specialise in a specific actuarial domain such as life insurance, general insurance, pensions, investment or risk management.
• Prepare and present complex data analyses to non‑actuarial stakeholders.
• Support regulatory reporting and ensure compliance with Solvency II and IFRS 17 requirements.
• Assist in exam preparation and study for IFoA Core Technical and advanced exams.

Qualifications & Experience

• Current or aspiring IFoA Associate (AIA) or Fellow (FIA) candidate.
• Strong background in quantitative disciplines (Mathematics, Statistics, Economics, Engineering or Physics).
• Experience or coursework in Excel, R, Python and actuarial software tools.
• Proven analytical and problem‑solving skills with attention to detail.
• Excellent written and verbal communication, able to explain actuarial concepts to non‑expert audiences.

Skills

• Logical thinking and decomposition of complex problems.
• Resilience during intensive exam study (typical 400+ hours per exam).
• Clear written and verbal communication with non‑actuarial stakeholders.
• High level of detail orientation in financial modelling.
• Ethical decision‑making in line with the Actuarial Code of Conduct.

Benefits & Salary

• London‑based roles typically offer £30,000–£40,000 for graduate trainees; £75,000–£95,000 for newly qualified Fellows; senior and chief positions can reach £150,000–£300,000+.
• Potential for £10,000+ pay rise per exam pass.
• Regulated pay scales and clear progression from Trainee to Actuarial Analyst, Newly Qualified Actuary, Senior Actuary or Chief Actuary.
• Work in major UK insurers (Aviva, Legal & General, Prudential), re‑insurers, pension consultancies and the Big 4 actuarial practices.