Senior Actuarial Trainee (Bpa)

Royal London Group; England; Hybrid; GBP 36,000 - 52,000; Full time

Benefits offered by this job

28 days annual leave

Employer pension matching up to 14%

Private medical insurance

Job summary

Royal London Group is expanding its Bulk Purchase Annuity (BPA) team and seeks a Senior Actuarial Trainee to contribute to BPA pricing projects. You will gain hands-on experience with BPA transactions, actuarial modelling and pricing in a supportive environment while developing technical skills and making an impact.

You will work on pricing elements, data analyses, model setup and validation, and collaborate to improve pricing processes within a growing, inclusive company.

Qualifications

• Actuarial trainee progressing towards qualification.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Ability to work independently and as part of a team.

Responsibilities

• Deliver key elements of BPA transaction pricing.
• Produce analysis of pension scheme data and interpret benefits.
• Set up, run and troubleshoot actuarial pricing models, checking outputs for reasonableness.
• Identify data issues and complex benefits, choosing appropriate modelling avenues.
• Take ownership of your development and broaden technical and commercial understanding.
• Look for opportunities to improve pricing processes.

Skills

Analytical skills

Problem-solving

Communication

Teamwork

Independent work

Education

Actuarial qualification progress

Job description

Contract type: Permanent Full Time 35 hours per week
Location: Alderley Park
Working style: Hybrid 50% home/office based

We have brand new opportunities to join the Bulk Purchase Annuity (BPA) team at Royal London, the UK's largest mutual life, pensions, and investment company.

We are looking for a Senior Actuarial Trainee to work on BPA pricing projects.

You’ll gain hands‑on experience working on BPA transactions, actuarial modelling and pricing in a supportive team where you can continue developing your technical skills while contributing ideas and making a real impact.

About the role

• Deliver key elements of BPA transaction pricing,
• Produce analysis of pension scheme data and interpret benefits.
• Set up, run and troubleshoot actuarial pricing models, checking that outputs are reasonable and escalating issues appropriately.
• Identify data issues and complex or non-standard benefits, working with colleagues to determine an appropriate modelling approach.
• Take ownership of your development, proactively building your technical and commercial understanding.
• Look for opportunities to improve pricing processes.

About you

• Progress towards an actuarial qualification.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Ability to work independently and as part of a team.

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.