Actuarial Trainee

About the Role

We are seeking a highly motivated and analytically minded Actuarial Trainee to join our dynamic team at Royal London Group. As an Actuarial Trainee, you will play a crucial role in helping assess and manage our risks.

Key Responsibilities

• Developing models to support the management of insurance risks, including longevity, mortality, and persistency.
• Undertaking technical analysis using standard actuarial and analytical techniques in accordance with agreed guidelines and methodology.
• Challenging and making improvements to processes and procedures to make them more accurate and efficient.
• Identifying areas in processes with high levels of risk or control failure and escalating to team manager with suggestions for improvements.
• Maintaining systems and processes within the required level of governance.
• Providing support in the testing of changes to systems and processes.

About You

• Partly qualified and studying towards the Institute and Faculty of Actuaries (IFoA) examinations, with study support provided by Royal London Group.
• Strong analytical and problem-solving skills, with the ability to think critically and independently.
• Solid understanding of probability theory, statistics, and financial mathematics.
• Excellent communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner.

About Royal London Group

We are 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 offer a range of benefits, including 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme, and private medical insurance. We are an inclusive employer, celebrating and valuing different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills recognized and respected – whatever their background.