Graduate - Actuarial

Chaucer; Greater London; Hybrid; GBP 35,000; Full time

Job summary

A leading insurance group in the UK is seeking candidates for its Actuarial graduate programme. This hybrid role offers £35,000 starting salary, a £500 signing bonus, and extensive training support to help you grow into a qualified Actuary. You'll engage in crucial areas including pricing, reserving, and capital modelling over a three-year term. The programme is ideal for those passionate about mathematics and problem-solving, providing opportunities for professional growth and a supportive work environment.

Benefits

£35,000 starting salary

£500 signing on bonus

26 days holiday plus options to buy or sell

Private medical insurance

Pension scheme

Flexible options with a monthly allowance for tech products

2 CSR days for community work

Qualifications

• Must have unrestricted right to work in the UK.
• Passionate about producing detailed analyses.
• Driven and highly motivated to qualify as an Actuary.

Responsibilities

• Calculate expected level of future claims using statistical techniques.
• Determine costs of insurance policies and analyse profitability.
• Work with stochastic models to estimate capital requirements.

Skills

Mathematical skills

Problem-solving

Analytical skills

Communication

Education

Minimum 2:1 degree in a STEM subject or in Economics

Minimum C/4 grade in English and Maths at GCSE level

A minimum Maths A grade at A-level

At least 128 UCAS points from 3 A-Level subjects

Job description

Actuarial graduate programme

Are you a strategic thinker with a talent for solving complex problems? Do you have a passion for mathematics and a desire to make a meaningful impact on businesses? If so, our actuarial graduate programme could be the perfect fit for you.

Actuaries use their mathematical skills to help measure the probability and risk of future events. They use these skills to predict the financial impact of these events on a business and their clients. As the world changes at an increasingly rapid pace, risk management expertise can help businesses navigate this evolving landscape.

You'll play a key role in providing the insights and strategies needed to manage risks and seize opportunities. From reporting to pricing, from valuations to solvency, and from data to digital, our actuaries have a big say in everything we do. With a deep understanding of risk, regulation, and the economic environment, our actuaries play a crucial role in ensuring our stability and future development.

Our three-year programme offers you the chance to develop your actuarial expertise through hands‑on experience across all our core actuarial departments:

• Reserving – calculate the expected level of future claims by applying statistical techniques, analysing trends and comparing experience against expectations.


• Pricing – determine the cost of insurance policies by assessing risk characteristics, calculating expected claims costs, analysing profitability and developing pricing tools and pricing analytics.


• Capital modelling – work with stochastic models to estimate capital requirements and produce analysis that helps to understand the business risk profile, inform business decisions and mitigate risk.

We are looking for individuals who are driven and highly motivated to qualify as an Actuary, with a passion for producing detailed analyses and an ability to communicate the commercial implications of complex topics. This, along with the combination of training and full study support we offer, you enable you to accelerate your career and develop into a well‑rounded actuarial professional.

Why Chaucer

We empower our people to excel. Our people are a team of leaders, experts in their fields, top performers – who collaborate, without hierarchy. Together we’ve created an exciting and successful business, and we know that it’s our people who define and drive this success. That’s why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive.

Be part of a dynamic and forward‑thinking team that values your expertise and ambition. Take the first step towards a rewarding and impactful career by applying now.

Location

London, at our offices in the Scalpel building in the heart of the city. We offer hybrid working, with a mix of office and home days that works for you and the team.

What we offer

• £35,000 with salary increases and bonus for qualification progression.


• £500 signing on bonus to help you get ready to start.


• 26 days holiday plus option to buy or sell to meet your needs.


• 3‑year fixed term contract with the opportunity to apply for permanent roles at the end.


• Enjoy excellent benefits such as private medical insurance, pension, season ticket loan, and flexible options with a £175 monthly allowance for tech products, gym membership, cycle‑to‑work schemes, or charitable donations.


• You also get 2 CSR days where you get the opportunity to make a really difference to local communities and charities that matter to you.

Your development – you’ll get

• Challenging, stretching and rewarding work right from the start in each area of our Actuarial teams.


• Our full support and guidance to study toward the IFOA Actuarial associate level while on programme.


• A structured development plan to support your professional and soft skills development.


• An in‑house experienced buddy and mentor, to help show you the ropes and support you on your journey.


• Lots of opportunities to get involved in groups outside of your day to day work to grow your network, learn from others and give back to the community through our CSR initiatives.

After the programme

• At the end of the programme, you will have the opportunity to apply for a permanent role in one of our teams that interests you. We want to continue to grow our talent and will support your development as an expert in your field and your professional qualification.

Is it the graduate programme for you?

• Do you love maths and statistics?


• Enjoy working through complex analytical information and problems and getting stuck into a challenge?


• Are you able to communicate the complicated in a simple way?


• Do you enjoy working collaboratively and building strong relationships?


• If this sounds like you, and you want to continuously learn and go the extra mile this is the programme for you.

What you need

• Unrestricted right to work in the UK.


• A minimum 2:1 degree (or equivalent) in a STEM subject or in Economics – predicted or recently achieved (within the last three years).


• A minimum C/4 grade in both English and Maths at GCSE level (or equivalent).


• A minimum Maths A grade at A‑level.


• At least 128 UCAS points from 3 A-Level subjects (or equivalent).

About us

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.