Demographic Risk Analyst

Royal London; Alderley Edge; On-site; GBP 45,000 - 60,000; Full time

Benefits offered by this job

IFoA study support

Study leave

Professional development support

Job summary

Royal London is seeking a Demographic Risk Analyst to join the actuarial team, starting in September 2027. The role focuses on longevity, population health and demographic trends to inform bulk purchase annuity pricing.

You'll work with Pricing and Insurance Risk specialists to develop demographic and mortality assumptions, validate data, and produce stress outputs, with opportunities for actuarial trainee progression.

Qualifications

• Degree or equivalent in a relevant discipline is desirable.
• Strong numerical and analytical skills.
• Proficient in Microsoft Excel and actuarial tools.
• Logical, curious approach to problem-solving.

Responsibilities

• Support the production and review of demographic assumptions for bulk purchase annuity pricing.
• Prepare, validate and analyse member and scheme data.
• Use actuarial models to produce demographic, mortality and longevity stress outputs.
• Carry out checks on model inputs and outputs with clear evidence and documentation.
• Explain analysis clearly and support decision-making with Pricing and Insurance Risk.
• Contribute to improvements in tools, processes and guidance.

Skills

Numerical analysis

Excel

Attention to detail

Communication

Team collaboration

Problem solving

Education

Degree in Demography/Statistics

Tools

Actuarial models

Job description

“It feels good to have a career with real purpose.”

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.

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.

Only candidates who have the legal right to work in the UK or Ireland can undertake this role.
Unfortunately, Royal London is unable to provide visa or work permit sponsorship.