Senior Actuarial Trainee

Royal London Mutual Insurance Society; City of Edinburgh; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading mutual life and pensions insurer is seeking a Senior Actuarial Trainee or newly qualified actuary to join its Finance & Actuarial team in Edinburgh. This hybrid role involves high-value projects supporting pricing and risk control while offering a structured study pathway and collaborative environment. The successful candidate will have strong analytical skills, be progressing through actuarial exams, and be ready to contribute strategically while mentoring others.

Benefits

28 days annual leave plus bank holidays

Up to 14% employer matching pension scheme

Private medical insurance

Qualifications

• Strong technical and analytical skills with actuarial techniques.
• Excellent communication skills to explain complex ideas.
• Experience in a team environment, mentoring junior members.

Responsibilities

• Deliver high-quality actuarial analysis for strategic initiatives.
• Produce reports and insights for stakeholders.
• Mentor junior team members and support their development.

Skills

Analytical skills

Communication

Proactive mindset

Education

Actuarial exams progress

Tools

Actuarial modelling software

Job description

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Job Title: Senior Actuarial Trainee / Newly Qualified Actuary

Contract Type: Permanent

Location: Edinburgh

Working style: Hybrid 50% home/office based

Closing date: 30th June 2025

We're hiring a Senior Actuarial Trainee or a newly qualified actuary to join the team within the Finance & Actuarial function-a role that blends technical depth with real business impact.

You'll work on high-value projects that support pricing, reporting, business quality monitoring, while also helping to improve systems, processes, and risk controls. This is a hands-on role where your analysis and insight will directly influence decision-making across the business.

This is an exciting opportunity for someone progressing through actuarial exams or newly qualified who's ready to take on more responsibility, contribute to strategic initiatives, and mentor others. You'll be supported with a structured study pathway and the chance to apply your learning in a collaborative, forward-thinking environment.

About the role

• Deliver high-quality actuarial analysis to support business-as-usual and strategic initiatives.
• Produce clear, well-documented reports and insights for stakeholders across the business.
• Maintain and improve actuarial models, systems, and processes with a focus on risk and control.
• Contribute to and lead on project work, offering ideas and challenging direction where needed.
• Mentor junior team members and support their development, where applicable.
• Progress through actuarial exams while applying study knowledge to real-world scenarios.

About you

• Strong technical and analytical skills, with experience applying actuarial techniques in a business context.
• Progressing through actuarial exams, ideally at Specialist level, with a solid understanding of actuarial concepts.
• Excellent communication skills, with the ability to explain complex ideas clearly to a range of audiences.
• Proficient in relevant software and modelling tools, with a keen eye for accuracy and detail.
• Experience working collaboratively in a team environment, with the ability to mentor or supervise others.
• A proactive mindset with a desire for continuous learning and improvement.

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. You can see all our benefits here: Our Benefits

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.