Demographic Risk Analyst

Royal London Group; Alderley Edge; Hybrid; GBP 45,000 - 65,000; Full time

Benefits offered by this job

28 days annual leave

Private medical insurance

Employer pension matching up to 14%

Job summary

Royal London is seeking a Demographic Risk Analyst to join our actuarial team at Alderley Park. The role starts in September 2027 and offers a hybrid working pattern (50% home/office) with a focus on longevity, population health and demographic trends.

You will develop and apply demographic and mortality assumptions for bulk purchase annuity pricing, support data validation, and collaborate with Pricing and Insurance Risk to inform decisions that support customers and Royal London's long-term

Qualifications

• Strong numerical and analytical skills for working with detailed data.
• Confidence using Microsoft Excel and actuarial models.
• Good organisation and attention to detail with priority management.
• Clear written and verbal communication and collaborative teamwork.
• Interest in longevity, mortality research, and demographic trends.

Responsibilities

• Support production and review of demographic assumptions for bulk purchase annuities.
• Prepare, validate and analyse member and scheme data; identify data gaps.
• Use actuarial models to produce demographic, mortality and longevity outputs.
• Check model inputs/outputs with documentation and controls.
• Explain analyses clearly and assist Pricing and Insurance Risk in decisions.
• Contribute to improvements in tools, processes and guidance.

Skills

Numerical skills

Analytical skills

Excel proficiency

Data interpretation

Communication skills

Attention to detail

Education

Degree in Demography / Biostatistics / Life Sciences

Tools

Excel

Actuarial modelling tools

Job description

Contract type: Permanent
Location: Alderley Park
Working style: Hybrid 50% home/office based
Closing date: 9th November 2026

We have an exciting opportunity for a Demographic Risk Analyst to join our actuarial team, starting in September 2027.

This role is particularly suited to graduates and professionals with a strong interest in longevity, population health and demographic trends.

You’ll help develop and apply demographic and mortality assumptions used in bulk purchase annuity pricing, supporting well-informed business decisions that contribute to strong customer outcomes and Royal London's long-term financial resilience.

Working alongside specialists in Pricing and Insurance Risk, you'll build expertise in how people live longer, healthier lives and what that means for the pensions and insurance industry.

Career development

This role offers the opportunity to develop as a demographic risk specialist within a growing actuarial function. For candidates who wish to pursue a professional actuarial qualification, there will also be an opportunity in the future to apply to join our Actuarial Trainee Programme.

Actuarial Trainees receive support towards Institute and Faculty of Actuaries (IFoA) qualifications, including study materials, study leave and professional development support. The programme also provides the opportunity to rotate across different actuarial teams and develop a broader understanding of the business. Any transition to the programme would be subject to the relevant recruitment and assessment processes.

About the role

• Support the production and review of demographic assumptions, including mortality, marital status and spouse information, for bulk purchase annuity pricing
• Prepare, validate and analyse member and scheme data, identifying gaps, inconsistencies and areas requiring further investigation
• Use established actuarial models and tools to produce demographic, mortality and longevity stress outputs
• Carry out checks on model inputs and outputs, maintaining clear evidence and documentation in line with agreed controls
• Explain analysis clearly and work with colleagues in Pricing and Insurance Risk to resolve queries and support decision-making
• Contribute to improvements in tools, processes and guidance, sharing learning and supporting a strong risk and control culture.

About you

• A degree, or equivalent qualification, in a relevant discipline such as Medical Statistics, Biology, Mathematical Biology, Life Sciences, Biostatistics, Bioinformatics, Biomedical Science, Demography, Population Studies, Population Health, Public Health, Health Data Science or Genetics is desirable. We also welcome applications from candidates with other degrees who can demonstrate a strong interest in longevity and demographic modelling.
• Strong numerical and analytical skills, with the ability to work accurately with detailed data
• Confidence using Microsoft Excel and an interest in developing experience with actuarial models and analytical tools
• A logical, curious approach to problem-solving and the confidence to question unusual or inconsistent results
• Good organisation and attention to detail, with the ability to manage priorities and maintain clear records
• Clear written and verbal communication skills, with a collaborative approach to working with different teams
• An interest in longevity, mortality research, population trends, actuarial science or insurance risk, together with the motivation to build specialist expertise in demographic risk.

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. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

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. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.