Graduate, Actuarial, Risk Modelling Services, Autumn 2025

Our Actuarial practice is part of Risk Modelling Services, with offices in London, Edinburgh, Manchester, and Bristol. We're one of the largest teams, serving clients in insurance, healthcare, banking, investments, and government. Our team includes actuaries, data scientists, and advanced analytics practitioners using cutting-edge technology to solve client problems.

We encourage early responsibility and career development, aiming to create accomplished consultants, not just technically strong analysts. You'll gain exposure to diverse projects and collaborate with specialists from other PwC disciplines such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Forensics, Audit, and Tax. We work on both actuarial-led projects and provide specialist advice on broader engagements.

Programme

Our graduate training programme is underpinned by a development framework that broadens and deepens your knowledge. You'll learn from hands-on coaching and an outstanding variety of work, picking up business, personal and technical skills you can use across the network, and throughout your career.

What You'll Do

As an actuary, you'll help clients analyse future uncertainties across various sectors, including insurance (life and general), banking (retail and investment), healthcare, public sector, and non-financial services like energy and utilities. Your advice will cover economic capital, risk management (including GenAI), liabilities, M&A, restructures, financial modelling, valuing financial instruments, stress testing, ESG modelling, and product viability.

Key Responsibilities:

• Communicate complex concepts clearly to senior management for evidence-based decisions.
• Collaborate in multidisciplinary teams to analyse and model risks across sectors.
• Learn and apply knowledge about industry trends, such as life expectancy, climate change impacts, and pandemics.
• Provide specialist advice in audits of insurers and banks, ensuring liability adequacy.
• Help clients adapt to changing economic conditions and regulatory requirements, including ESG.
• Draft reports and presentations, using data visualisation to explain findings.

What You'll Gain

As an actuarial associate, you'll work with diverse clients, building global commercial awareness across financial and non-financial institutions. From day one, you'll manage projects and present modelling, and analytics results to senior colleagues and clients.

Training and Qualification:

• On-the-job coaching and formal courses
• Working towards a professional qualification with the Institute and Faculty of Actuaries (IFoA)
• Balance work, client visits, and study
• Commitment, self-discipline, and motivation required
• Work Environment:

Inclusive culture with a focus on well-being

• Opportunities to organise team social events like go-karting, escape rooms, or team dinners

What You'll Need

You must have or be on track to pass an undergraduate degree in any subject. We assess your progress based on your most recent academic grades.

While no specific degree or A Level subjects are required, the Institute and Faculty of Actuaries (IFoA) suggests a maths-based degree for those pursuing an actuarial career. The IFoA qualification is rigorous, and if you lack a maths-based degree, they recommend taking a non-member exam to prepare.

When to Apply

Once you have submitted your application, you'll have seven days to complete the online test, this is the first stage of our recruitment process.

Applications for this role may close early should we receive a high volume of interest, so we recommend prompt application to avoid disappointment.